AEX builds profit on Adyen | wings Financial

The AEX is trading 0.6% higher at 708.4 points around 3 pm. The Midkap index goes up 0.6% to 1052.7 points.

The indicators in Frankfurt and Paris are rising 0.4% and 0.6% respectively. Lufthansa fell 3.5% after the heirs of the German investor Heinz Hermann Thiele sold more than half of their interest in the airline.

The FTSE in London is down a fraction. British retail sales fell short of high expectations.

In Asia, the Nikkei closed 0.9% higher.

Stock exchanges in New York will open around 0.4% in the plus at 3.30 pm according to the futures.

Concerns about inflation eased slightly: compensation for the US 10-year Treasury bond fell several points to 1.613%, yields dropped across Europe, the German bund offered 3 basis points less compensation at -0.031%.

The Nasdaq tech exchange, in particular, was on the rise on Thursday after fears that rapidly rising US inflation will force the US central bank to raise interest rates earlier than expected.

Better eurozone figures

Investors are also responding to the latest Eurozone purchasing managers index in May, which shows the strongest gains in three years. Business is increasing due to the relaxation of anti-corona measures.

The euro became a fraction cheaper for companies importing here, at $ 1.2194. Cryptocurrency bitcoin rose 2.5% to $ 41,098.

According to Daam Martijn van Holst, trader at ABN Amro-Oddo-BHF, investors today are looking the cat out of the tree after the turbulence of recent days, which was mainly visible in tech funds.

“There is another expiration coming this afternoon,” he says. “Furthermore, it remains to be seen whether the peaks will be sought again in the coming weeks due to a lack of alternatives or whether the markets will pause with the drying up of the company news.”

The coming annual meetings of companies may still be able to liven up the brewery, says Van Holst.

Tech in trek

In the AEX, payment processor Adyen leads with 3.3% profit after a 5% increase on Thursday. An excited JP Morgan analyst report on his outlook provides support today.

Tech funds are at the forefront following renewed optimism among US peers and good numbers from Applied Materials. Chip manufacturer ASML heading 0.7% higher. Semiconductor ASMI % gets 1.8%. Iron wins 1.7%.

KPN increases 1.1%. In the market came the news that the Chinese Huawei is being kept away from core networks of Dutch telecom companies, something that had already happened at KPN for some time. It only supplies transmission towers.

Oil and gas concern Shell keeps 0.9% profit, like Philips.

Prosus makes up for some of its loss at 1% after receiving depressed results from the Chinese internet giant Tencent, in which the tech investor has a major stake.

Real estate fund Unibail-Rodamco-Westfield drops 0.6%. ASR goes ex-dividend.

Charging station maker sought after

Elves takes the lead in the Midkap with 4.5% share price gain. Berenberg previously put the charging station company on his buy list.

Special metals company AMG takes 2.7%, gym chain Basic-Fit is 1.9% higher.

Midkapper Air France KLM fell from profit to 0.5% loss. The EU countries and the European Parliament reached an agreement on Thursday on the pass that should make travel within the EU easier again.

Stainless steel maker notes at the bottom Aperam 1.1% stock.

Shoots at the local market Fastned Up 10% after the fast-charging company announced to partner with car manufacturer Tesla to build one of Europe’s largest fast-charging stations in the UK.

Corbion, THING on Brill go ex-dividend.

Would you like to receive the DFT Newsletter automatically by email every morning from now on? Then you can sign up here for free.

–