AEX shoots up after positive vaccine report | Financial

At around 1.25 pm, the AEX index was 1% higher at 603.3 points. Last week, the AEX rose above the important limit of 600 points after Pharmaceutical Pfizer reported having a working corona vaccine in its hands. The AMX climbed 2.5% to 872.1 points.

The stock exchanges in London (+ 1.6%), Paris (+ 2.3%) and Frankfurt (+ 1.3%) also shot up on the positive news from Moderna. Wall Street is expected to open 1.7% in the plus this afternoon. However, a 0.2% lower opening is foreseen for the Nasdaq technology fair.

Investors are currently in a field of tension, according to investment strategist Simon Wiersma (ING). On the one hand, they are counting on better times thanks to the arrival of corona vaccines, while on the other hand, the number of corona infections is currently increasing in the US, Germany and Japan. “A lot of positive news has already been discounted in the prices. In addition, confidence among US private investors is at its highest level since January 2018. That always makes me a bit reticent, ”Wiersma explains.

In the AEX excelled Unibail-Rodamco-Westfield out with a gain of 14.8%. The retail property fund may soon have to look for a new top executive and financial director. According to the French newspaper Le Journal Du Dimanche their position is unsustainable due to the fact that shareholders did not give the green light for the planned share issue.

ABN Amro picked up 5%, helped by a price target increase from € 9 to € 10.50 by investment bank Morgan Stanley. ING advanced 3.3%. According to investment strategist Wiersma, European banking stocks also had a tailwind after Spanish bank BBVA sold its US arm for $ 11.6 billion to peer PNC.

Steelmaker ArcelorMittal (+ 4.4%) was also positive. Broadcaster Randstad won 3.5%. The AEX also received support from heavyweight Royal Dutch Shell (+4,1%).

ASML climbed 0.6%. The Taiwanese chipmaker TSMC has reportedly ordered at least 13 EUV machines from the chip machine manufacturer.

Informatieleverancier Wolters Kluwer fell 2.2% after being put on the sales list by US investment bank Goldman Sachs. KPN lost 0.7%, probably out of disappointment that takeover news was not forthcoming. Last week, the telecom company went up hard on reports that the Swedish investment company EQT is interested.

Just Eat Takeaway has benefited enormously from the large number of those at home in the corona crisis. On the news that working corona vaccines are on the way, the meal delivery company was therefore put back 2.4% by investors.

In the AMX was aviation concern Air France KLM the leader with a plus of 14.3%. Soil researcher Fugro shot up 10.5%.

PostNL rose 2.5%, in response to the announced sale of its remaining 20% ​​stake in former Italian subsidiary Nexive. KBC Securities is pleased that the parcel and post deliverer is further streamlining the organization and is maintaining its buying advice.

What should you do with your savings? Are stocks a good alternative in these uncertain times? Jim Tehupuring and Stefaan Casteleyn of 1Vermogensbeheer will give their vision on Thursday evening during a free webinar. Report you for free.

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