Arcelor booms on profitable Damrak | Financial

The AEX index opened 1.5% higher at 546.5 points. The AMX was then 1.1% in the plus at 794.9 points.

In Asia, the Japanese Nikkei left the trade with a profit of over 1.3%. The Hangseng headed with 1% profit, Shanghai kept a fraction of the loss.

Futures for New York stock exchanges, which closed with solid gains on Friday, pointed to a higher opening of around 0.7%. Investors are on the eve of the first

The euro remained flat at $ 1.16. Brent oil fell 0.8% in value to $ 41.60 a barrel.

Steel is on the rise

The largest steelmaker ArcelorMittal won 6.9% and led the AEX. It sold the ArcelorMittal USA business to US steelmaker Cleveland-Cliffs for $ 1.4 billion. In conjunction with the sale, ArcelorMittal is initiating a $ 500 million share buyback program.

Biotech company Galapagos (+ 4%) also received the green light from the European Commission for its filgotinib, shortly after Japan’s marketing authorization for filgotinib.

Financial institutions were on a profit. ING increased by 3.5%, NN Group thickness by 3.4% to and ASR won 2,5%.

Real estate fund Unibail-Rodamco-Westfield rose by another 3.9%.

Swing weight Shell became 1.7% more expensive.

The Amsterdam main funds responded ASML (-0.2%) on the new trade restriction that Washington imposed on its customer, the largest Chinese chip maker Semiconductor Manufacturing International Corporation (SMIC). ASMI also lost, chemical distributor IMCD fell 0.8%.

Fitness chain reported among the medium-sized funds Basic-Fit (-0.7%) to appeal against closure of 148 gyms in Paris, Bordeaux and Marseille.

Real estate fund Eurocommercial Properties led the index by 4%.

Kiadis Pharma (+ 1.8%) partnered with the US blood bank Gulf Coast Regional Blood Center to supply universal donor material for white blood cell production against cancer cells and infections.

Oranjewoud, parent company of construction company Strukton and engineering firm Antea, reported a net loss of 10.5 million euros for the first half of the year. Revenues fell slightly, with nitrogen problems hampering civil construction in the Netherlands. In addition to nitrogen and PFAS problems, the corona pandemic also had “limited consequences” for Oranjewoud.

–