AEX targets a hurdle of 600 points | Financial

The AEX index was 0.8% higher at around a quarter to three at 596.61 points, the highest level since February of this year. The AMX index was 0.9% higher at 853.38 points.

Elsewhere in Europe the plates also turned green. Frankfurt and Paris were able to add up to 1%.

Political turbulence in the US

President Trump’s faltering transfer of power to Democrat Joe Biden is worrying investors. Promised innovations and investments are in danger of getting a false start. Even now that the US Congress remains fairly certainly divided between Republicans and Democrats.

Simon Wiersma, strategist at the ING Investment Office, emphasizes that the political turbulence in the US is helping to dampen the euphoria about Pfizer’s promising corona vaccine. He points out that the Republicans are probably no longer eager to reach a deal on new corona support given the improvement in the US labor market.

The fast approached deadline The departure of the United Kingdom from the European Union, which is planned for the end of this year, will also continue to dominate, says Wiersma. “As time comes to close another Brexit deal, the turbulence in the stock markets will intensify.”

Wiersma takes into account that the large rotation from tech funds to value stocks that started this week will not be structural. “There was a Pavlovian reaction among investors to buy value stocks on the news about the corona vaccine because of the prospect of a significant economic recovery, but we have yet to get through the second wave of corona. In addition, there are still problems to be solved in the large-scale roll-out of the vaccine. ”

Prosus down

Tech investment fund went to the main funds Prosus by almost 5.3%. The fund could suffer from tighter rules for internet companies from China. According to Wiersma, it remains to be seen how much pain a tightening of the rules will mean for large Chinese internet companies. “The holding back of the Ant Group IPO earlier this month was already a sign on the wall.”

Unibail-Rodamco-Westfield fell 9% due to profit-taking. The retail property fund rose sharply in recent days after the boost about the vaccine.

ABN Amro zah the loss will continue to increase with a 5% loss. Although third quarter profit was back, investors were not impressed by the third quarter performance. Rein Schutte, investment advisor at Noesis Capital Management also points out that the stock has shown a significant recovery in recent days.

IMCD had a strong tailwind with a gain of 3.3%. The results of the chemical distributor were well received. According to CEO Van der Slikke, IMCD made more profit in the first nine months on slightly higher turnover. He sees further growth in his operating result for the full year.

Food delivery person Just Eat Takeaway also did good business, winning 3.4%, Adyen took the lead position and thickness 4.8%.

Heavyweight Shell received a buy recommendation, coming from ‘holding’ from Berenberg and became worth 2% more to investors in the rising oil market. The oil and gas company is thus continuing its advance unabated. The other heavyweight Unilever added 2.2% to the previous slot.

Plenty of medium-sized funds Fugro on the rise with a plus of 3.8% helped by the improved performance of the oil market.

Air France KLM climbed 0.2%. Goldman Sachs will follow the group again, it uses a sales advice with a price target of € 3.70.

Real estate fund Eurocommercial Properties declined by 3.3%.

Bicycle maker Accell (Batavus, Sparta) gained 4.1% in the small caps. Thanks to the bicycle craze in the third quarter, it managed to generate 38% more turnover compared to last year. The board raised its expectations, expecting a better gross profit this year than last year. ING analyst Tijs Hollestelle, who increased his advice to buy in September, spoke of a strong quarter with good prospects.

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