At ten o’clock, the AEX was 0.3% higher at 598.7 points. At the start of the trading day, the price board peaked at 602.1 points. Last week, the stock market gauge also encountered this psychological barrier several times. The AMX climbed 1% to 867.7 points.
The other European stock exchanges also continue the advance of the past two weeks. The UK FTSE 100, German DAX and French CAC 40 climbed 0.4%, 0.5% and 0.7% respectively.
Index futures pointed to a 0.6% to 0.9% higher opening of the US stock markets at 3:30 pm, following the 1% to 1.4% plus on Friday.
In Asia There was already a cheerful mood this morning, mainly because of the trade deal that China and fourteen other countries in Asia and the Pacific signed on Sunday. Moreover, the Japanese economy showed a stronger recovery in the third quarter with a plus of 5% than expected.
The Dutch main funds shone Unibail-Rodamco-Westfield with a profit of 8% off. 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 took 2.2%.
ASML climbed 0.4%. The Taiwanese chipmaker TSMC has reportedly ordered at least 13 EUV machines from the chip machine manufacturer.
Informatieleverancier Wolters Kluwer fell 2.5% after being put on the sales list by the US bank Goldman Sachs. KPN lost 1%, 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.
Ended up with the medium-sized funds Air France KLM topping out a profit of 4.3%, following a hefty € 3.25 price target increase by British bank HSBC. That is still clear, however, under the current stock price of around € 4.
PostNL rose 1.9%, 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.
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