Around 4:15 pm, the AEX index is 0.8% higher at 621.3 points.
The stock market indicator is getting closer to the year of 632 points from February. However, the AMX drops 0.4% to 911.5 points.
The price signs in London (+ 0.3%), Paris (+ 0.2%) and Frankfurt (+ 0.8%) turn green.
Wall Street opens slightly higher this afternoon according to the futures contracts. In New York, the Nasdaq technology show and the broadly curated S&P 500 index ended Tuesday evening at record height thanks to slight gains.
The eyes of investors today are on the Brexit perils. British Prime Minister Boris Johnson will go to Brussels on Wednesday evening to negotiate a trade agreement between the European Union and the United Kingdom.
Johnson speaks with European Commission President Ursula von der Leyen. The negotiations are stuck on three main points: access for EU fishermen to British waters, equal rules for British and European companies and the supervision of the agreements made.
The British pound was up 0.4% to $ 1.34 on Wednesday afternoon. Volatility is at its highest level since March. According to SaxoBank’s John Hardings, this is because large parties are trying to hedge in the market against the failure of the talk tonight.
“The trade is calm. The market is looking for direction, optimism remains about vaccines and an American stimulus package. Trading volumes are moving below the twenty-day average, ”says trader Daam-Martijn van Holst. “The company news is directly reflected in today’s prices.”
Listed in the AEX Aegon after a decline still 2.8% profit. Investors have high expectations of the analyst meeting where the new CEO Lard Friese will unveil his plans with the insurer on Thursday afternoon.
The AEX is led by a food delivery company Just Eat Takeaway (+ 3.5%). In the United States, competitor Doordash has gone public at $ 102 launch price per share, with a market value of $ 39 billion. Just Eat Takeaway previously bought Grubhub, Doordash’s competitor.
INGnews touches the tongues and plusts 1.1%. Former CEO Ralph Hamers still has to answer to the judge for his role in the money laundering issues at the bank. Hamers has been in charge of the investment bank since October UBS (+0,1%).
UBS says in a response that Hamers has full confidence. ING is disappointed with the judgment of the court in The Hague.
Other financial service providers like NN Group (+1,8%), ASR (+ 2.6%). ABN Amro won 1,2%.
Heavyweight Royal Dutch Shell boosted the index (+ 1.9%). Brent oil increased in value by 0.2% and moved towards $ 48.90 a barrel. The market is responding to explosions in the Iraqi oil market.
Chemical company is at the bottom of the main funds DSM (-0.9%), chip machine manufacturer ASML followed at a distance (-0.2%), while peer group ASMI just added 2.3%.
Food giant and heavyweight Unilever convert a half percent loss into a fraction of profit.
In the AMX is aviation concern Air France KLM in demand with a gain of 0.9%. The cabinet does not have to impose stricter environmental requirements for state aid to KLM. Environmental club Greenpeace demanded that in a lawsuit brought against the State, the court will not agree.
Signify however loses 3.7% after announcing new financial targets. The lighting company wants to increase its profitability in the coming years.
This year, however, Signify thinks comparable sales will shrink by 13% to 13.5% due to the corona crisis. For the future, the former Philips Lighting is aiming for an annual growth of between 0% and 5%.
The small cap funds win Ajax 0.8%. The football club will compete in the Champions League squatter against Atalanta Bergamo tonight. Only when they win, the team from Amsterdam can move on to the next round of the European ball of millions.
Stock market operator Euronext announced the quarterly rebalancing of its indices on Tuesday evening. Coffee and tea company JDE Peet’s (+ 0.1%) will be part of the AMX from December 21st. The company behind Douwe Egberts takes the place of builder BAM (-3.7%), which is downgraded to the small cap fund index. JDE Peet’s went public in Amsterdam in May.
Soil researcher Fugro loss 4.9%.
Neways (-0.5%) is falling back to the local market. The electronics supplier has announced this morning that it wants to appoint Steven Soederhuizen as operational director. Soederhuizen previously worked for Stork Industrial Components, VDL Industrial Modules, Fokker Aero Structures and GKN Aerospace.
The AFM regulator has, incidentally, submitted three proposals to market parties to prevent unnecessary losses with turbos. When trading turbos, it should be mandatory to include a warning indicating the risks of the investment product.
In addition, there should be a leverage limit and a ban on bonuses for trading. Previous research has shown that investors lose an average of € 2680 with turbos. The market parties have until January 24 to respond to the AFM’s proposals. After that, the rules are expected to be tightened.
Are you curious about the vision of two equity experts for next year. And what are their tips? Then sign up for it online seminars that takes place on Thursday evening.
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