AEX is working its way up behind Takeaway | Financial

The AEX index is 0.4% higher at 734.63 points around a quarter past twelve. A day earlier, another intermediate peak of just above 738 points was set. The Midkap index is also up 0.4% to 1053.1 points.

The stock exchanges in Frankfurt, Paris and London were also positive and climbed to 0.4%.

Wall Street got off to a good start to the third quarter last night. At 2:30 p.m., US labor market figures will be released. In addition to inflation, job growth in the United States plays an important role in the monetary policy of the Federal Reserve.

Daam Martijn van Holst, trader at ABN Amro ODDO BHF, emphasizes that investors are mainly waiting to see how the American job engine has performed. “Given the reception in recent months, with the stock markets still rising after a disappointing job figure, it is difficult to say what reaction will see this afternoon.”

He also points out that the new earnings season is increasingly casting its shadow ahead. “It is positive that we have hardly seen any profit warnings yet, but rather signals that activities in sectors such as aviation are picking up considerably with the normalization of the economy. It will be especially exciting to what extent the optimism has already been incorporated into the prices.”

Attention is also being paid to the OPEC oil cartel meeting. OPEC leader Saudi Arabia and ally Russia appeared close on Thursday to an agreement to pump more oil, but ultimately no deal was reached. The decision on the production increases has now been postponed until Friday.

The financial markets are also processing the news that a US tax plan for multinationals has received the support of 130 countries, including the Netherlands. The plan aims to ensure that companies operating in multiple countries pay tax in all those countries. In addition, the minimum profit tax for those companies worldwide will be increased to 15%. The increase is expected to generate about $150 billion in additional tax revenues worldwide each year.

Chip funds at the forefront

In the AEX, chip funds are showing a nice recovery after the retreat from the day before. ASMI is 1.9% higher after the company announced after hours on Thursday that the order inflow in the second quarter was above its own expectations. ASML adds 1.4%. IRON adds 2% to the previous slot.

Meal Delivery Just Eat Takeaway is also appreciated and can add 1.6%.

RD Shell with a minus of 0.6% belongs to the scarce decliners pending the course of the OPEC meeting.

hairdresser GrandVision is 0.2% in the minus. Glasses group EssilorLuxottica has definitively incorporated Pearle’s parent company.

Metal Supplier AMG is at the top with a progress of 1.7%. For biotechnology company Galapagos investors have 0.5% more left.

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