Cooling down Shell dampens AEX profit; investor leaves aviation | Financial

The AEX is 0.2% higher at 709 points around a quarter to four. Monday the stock market indicator fell by 0.8% due to heavy losses in technology stocks. The AMX also rises 0.2% to 1037 points.

Most other European stock exchanges are also still slightly gaining ground. The German DAX and the French CAC 40 both climb 0.2%

A better-than-expected US inflation rate provided some support for trade in the afternoon. The monthly increase in consumer prices in March was lower than anticipated. Philip Marey, economist at Rabobank, emphasizes that the effect of sharply higher energy prices in particular played a role in the rising inflation in America. “It remains to be seen whether the opening of the American economy and the occurrence of deficits in a number of sectors will give the bears a chance to increase the long-term American interest rate.”

According to Marey, the way is open for the US economy to flourish. “The vaccination program in the US is progressing well despite the break with the Johnson & Johsnon vaccine. Fiscal and monetary support is also doing well, with Biden receiving some help to quickly implement a number of spearheads of his policy. The flexible labor market also gives America a head start over Europe. The risks are mainly on the geopolitical level, such as Putin or Xi who gets it on his hips. ”

Printed news came from Germany in the morning trade. Investors there have less confidence in the economic recovery of Europe’s largest economy. This is a change in the trend, fueled by the stricter measures announced by the government in Berlin to prevent the spread of the corona virus.

According to an indicator from the ZEW research institute, confidence fell in April to a level of 70.7, compared to 76.6 in March. The decline in confidence was stronger than what experts had generally expected

According to Cees Smit, trader at Today’s, the eyes of investors are mainly on the numerical violence from the banking sector in the US that will come out from Wednesday. He points out that American banks have almost certainly performed well in the first quarter, partly because of the good stock market climate and the great enthusiasm for IPOs. “However, the bar in the market is also high, which means that performance can also disappoint. We also have to wait and see how companies look to the near future. ”

Smit emphasizes that, despite the record positions, there has been some restraint. “The course of the earnings season will largely determine whether the stock markets can keep up the momentum.”

Takeaway in trek

With the Dutch main funds Just Eat Takeaway increasing speed with a price jump of 5.2%. The food delivery driver reported an improvement order growth of 79% in the first quarter.

ASMI, Iron on ASML track with pluses from 1.6% to 2.7%. The suppliers to the chip sector thus make up for the losses on Monday.

Adyen is also well on track and adds 2% to the previous slot.

Philips leave 0.4%. The healthcare technology company has lost another patent case it had filed against navigation company Garmin and smartwatch maker Fitbit.

Supermarket chain Ahold Delhaize lags behind with a loss of 2.3%. The perils surrounding the ‘cheese hack’, in which the supply to subsidiary Albert Heijn has come to a standstill, may play a role in this. Energy giant Shell touches 1,1% lost. Telecom concern KPN must donate 1%.

Financials are also retreating. Aegon trades 1.4% lower, while ING 0.9% subsides.

Fagron down

The supplier of charging stations books the medium-sized funds Elves a gain of 2.8%. Fertilizer producer OCI wins 1.5% thanks to a buy advice from the German bank Berenberg. Deutsche Bank has revised its target price upwards

Fagron drops 2.7% on reported decline of sales in the first quarter. The supplier of pharmacies is counting on growth for the whole year. Degroof Petercam states that the impact of the corona crisis in the first quarter is greater than expected, but remains positive for the medium term.

Air France KLM yields 3.4%. China Eastern Airlines, like the French government, is participating in the share issue by the aviation combination.

Smallcap Kiadis Pharma increases 0.3%. The French pharmaceutical company Sanofi has agreed to its offer, because 95.3% of the shares of the biotechnology company have been notified.

Fastned 2.6% fell back to the local market. The fast charging company reported revenue growth of 15% in the first quarter, bringing it to a modest € 2 million.

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