AEX well underway with a boost for Biden | Financial

The AEX is around a quarter to four 1.1% higher at 607.7 points, the highest level since the end of February. The AMX rises 0.8% to 896.4 points.

The other European stock exchanges also still color green. The British FTSE, the German DAX and the French CAC 40 rise to 1.1%.

According to Philip Marey, an economist at Rabobank, investors are happy with Trump’s move to give the green light for a power transfer to Biden. “It is also almost impossible for Trump to sustain because there is no evidence of large-scale fraud. Despite the huge divisions between the Republicans and the Democrats, there has been no scenario of post-election escalation. For Biden, the remaining two seats in Georgia are especially important to get another majority in the Senate, otherwise he will be paralyzed in the next two years in implementing his policies, such as raising taxes. ”

The hopeful news about the successful effect of a number of corona vaccines comes to America where the number of infections has risen sharply, says Marey. “While the loss of economic momentum in the US has been better than expected, US consumer confidence in particular will benefit from normal economic life once at-risk groups are vaccinated.”

“Investors with pink glasses”

Cees Smit, trader at Today’s, emphasizes that investors on the Damrak view the world through rose-colored glasses, partly because of the prospect that the end of the pandemic will be in sight with the successful tests of a number of vaccines against the corona virus. He also points to the news that former Fed boss Janet Yellen will be heading the US Treasury Department. “The only question is whether a younger person would not be better at this post, also in view of the developments around digital currency.” He also said that he played a role in the stirring sentiment that President Trump seems to be gradually throwing in the towel. “Although Trump has not yet officially recognized his defeat, the transfer of power is already underway.”

After the successful course of events in recent weeks, Smit is questioning whether the stock markets will continue to pick up towards the end of the year. “The rotation from tech stocks to value stocks is expected to continue, but the heavier weighting of the tech sector could still slow the index. Furthermore, Trump could possibly do crazy things in the coming weeks, including towards China. So there are still pitfalls to hinder an end-of-year rally. ”

Unibail lead role

With the Dutch main funds Unibail-Rodamco-Westfield with a profit of 7.3% firmly in the lead. The retail property fund stated in an update that it remained concerned about the effects of the corona pandemic.

Financial institutions are also doing excellent business. ING and ABN Amro show nice pluses of 6.6% and 4.7%.

Shell is getting better and better and, aided by the further rise in oil prices, is picking up 5.4% to € 15.55, the highest level since June.

Tech investor Prosus wins 0.8%, after the target increase to € 135 by the US bank Citigroup.

The companies benefiting from the corona crisis are having a hard time. Payment processor Adyen delivers 2.9% to a meal delivery company Just Eat Takeaway drops 1.1%.

Biotech company Galapagos gains 0.1% in response to the sale of a business unit.

KPN falls 0.9%. The telecom company announced that it would be € 3.5 billion over the next three years to invest in digitization, including the further roll-out of the fiber optic network. From next year, approximately 500,000 new fiber optic lines will be rolled out annually.

BAM is chiseled

The medium-sized funds are booming BAM up another 17% after the substantial profit on Monday, building on the enthusiasm about a deal with pension provider PGGM. This means that the builder’s equity has increased by approximately € 125 million, which has significantly reduced fear of a share issue.

Air France KLM hits the vaccine wings with an advance of 11.4%.

FastNed is booming another 38% on the local market. The company announced on Monday that it was about to realize its first nine fast charging stations along the French highways, which also yielded a substantial price gain.

Would you like to receive the DFT Newsletter automatically by email every morning? Sign up here for free.

–