Despite concerns about Brexit and the US cooling down, AEX wins | Financial

Around 3.30 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 open with gains of around 0.6%. Car manufacturer Tesla went straight to a record. The purchasing managers figures for the services (57.7 versus 55 points expectation) and industry (56.7 versus 53 expectation) performed strongly.

Due to Thanksgiving, Wall Street is closed on Thursday and there is a half day of trading in New York on Friday.

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 few weeks and will have to do better later. While there are still so many obstacles. Take Brexit and, for example, that Poland and Hungary are blocking a European recovery fund payment. We are far from there yet. But especially vaccination news counts. ”

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 € 1.2475. On the Brexit front, the British Minister Sunak (Finance) said be optimistic that a trade agreement is reached between the UK and the European Union.

“The US in particular can become an obstacle,” warns strategist Luc Aben of Van Lanschot. Disappointing retail sales in October already showed the impact of the number of US infections.

Data on, for example, restaurant visits and hotel stays also show “diminishing economic momentum,” the economist said. As the number of unemployment benefits soar, political disagreement in Washington over the emergency lending program could therefore have a negative impact on the largest economy.

The AEX contained retail property fund Unibail with a plus of 3.6% at the top. The stock market heavyweight Royal Dutch Shell rises 3.2%. The oil giant was in demand thanks to the higher price of the ‘black gold’. Steelmaker ArcelorMittal plus 3.8%.

Bank ABN Amro was picked up for a 3.4% share price gain. ING rose 2.4%. Financials rose on takeover news from Credit Agricole, which made an offer for Italian bank Credito Valtellinese from Lombardy.

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. Goldman Sachs called the results better than expected. Investec lowered its advice from buy to hold to a target price of € 98.

Speciaalchemieconcern DSM (-1.6%) was a decrease among the main funds. Chemical distributor IMCD lost 2.8%.

KPN left 1.7%. 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 17.8% 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 3.5%. Soil researcher Fugro was allowed to add 2.7%. Arcadis increased 3.6%, TKH Group met 2,9%.

Pharming won 0.2%. 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.

The small caps rose ICT Group met 11%.

It’s noted locally Fastned (+ 27%) 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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