BAM and Fastned shine on green Damrak | Financial

Around 2.15 pm, the AEX index is 0.3% higher at 602.9 points.

The stock market gauge reached this morning at a level of 607.3 points, the highest point since the corona crash in March.

The AMX rises 1.1% to 889.8 points.

The price signs in London (+ 0.1%), Paris (+ 0.4%) and Frankfurt (+ 0.5%) also turn green.

The Stoxx Europe 600 index is heading for the best November month ever.

The American stock markets are expected to open 0.3% to 0.7% in the plus after this afternoon a 0.4% to 0.8% lower end on Friday.

By the way, because of Thanksgiving, Wall Street is closed on Thursday and there is half a trading day in New York on Friday. A second estimate of the US GDP figure for the third quarter will be released on Wednesday.

The euro strengthened to a 0.4% gain at $ 1,1903. Buyers pay 1.3% more for Brent oil: $ 45.50 a barrel. Bitcoin kept momentum at $ 18,600 each.

Good vaccine news

After pharmaceuticals Pfizer and Moderna, industry peer AstraZeneca also reported having an effective corona vaccine. The Netherlands has ordered millions of doses of this vaccine.

“The market only pays attention to the vaccine news. Despite the weakened purchasing managers figures in the eurozone and despite the rising euro, which is bad for our exports, ”says ING strategist Simon Wiersma. “Investors even dare to look further ahead. They are taking funds that have lagged behind in the past weeks and will have to do better later on. ”

Britain goes possibly approval this week grant to the vaccine that pharmaceutical companies Pfizer and BioNTech have developed. That would be faster than the United States, where the date of December 10 is mentioned as the day on which the admission decision is made.

According to IHS purchasing managers for services and industry, Europe faces a new recession: the November figure was 45.1 points below the expectation of 45.6 points. A position below 50 points means decline.

The British pound gained 0.3% to € 12,475. On the Brexit front, the British minister Rishi Sunak (Finance) said be optimistic that a trade agreement will be reached between the United Kingdom and the European Union.

EU Commission President Ursula von der Leyen said on Friday that much progress has been made in the Brexit talks. British Prime Minister Boris Johnson is talking to von der Leyen this week about a possible deal.

Stock market weight was heavy in the AEX Royal Dutch Shell was 3.5% on top. The oil giant was in demand thanks to the higher price of the ‘black gold’.

Retail property fund Unibail followed with a plus of 3.4%.

Bank ABN Amro was picked up for a 3.4% share price gain. ING rose 2.8%. Financials soared on Credit Agricole acquisition news.

Steelmaker ArcelorMittal plus 3.1%. Banking group ABN Amro (+ 2.6%) was also in the higher regions of the AEX.

Prosus, the largest heavyweight in the AEX, gained 1.1% after the publication of figures. The tech investor cleared profits for the past six months a lot to screw up. In doing so, the company benefited from its meal delivery activities and significant interest in the Chinese internet group Tencent. It announces a $ 5 billion share buyback program.

Speciaalchemieconcern DSM (-1.4%) was the biggest drop among main funds. KPN dropped 1.2%. The telecom concern will publish an update of the strategy on Tuesday. KPN will almost certainly announce that another hundreds of thousands of houses in the Netherlands be connected to its fiber optic network.

In the AMX the course shot from BAM 11.8% up. The builder and pension provider PGGM are expanding their cooperation in the field of public-private projects. For BAM, the deal will lead to an increase in shareholders’ equity of approximately € 125 million, including a revaluation of BAM’s equity interest held to market value. PGGM wants to take a 50% interest in BAM PPP, which is active in Europe in the development and management of PPP concessions. The agreement involves an amount of approximately € 130 million.

Aviation concern Air France KLM went up 5.4%. Soil researcher Fugro was allowed to add 4.1%.

Pharming fell 0.8%. Juergen Ernst is stepping down for personal reasons after more than eleven years as vice-chairman of the supervisory board of the biotechnology company. Commissioner Debora Jorn will succeed Ernst.

It’s noted locally Fastned (+ 32%) is about to build its first nine fast charging stations along the French motorways. The company won the tender from the French motorway and toll road operator APPR for the development and operation of the charging stations. Fastned currently has 129 fast charging stations in the Netherlands, Germany, the United Kingdom and Belgium.

Retail Estates (-1.3%) said in a trade report that hundreds of tenants of the Belgian real estate company had to close their doors due to a new lockdown. Of the 750 properties in Belgium, 443 properties were affected. In the Netherlands, the company also rents to a number of catering establishments that were forced to close.

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