Interest rate fall helps AEX to record | Financial

The AEX closed 0.5% higher at 722.7 points, sharpening its record. The Midkap index rose 0.1% to 1069.2 points.

The other European stock market indicators performed less well. The British FTSE 100 and German DAX lost 0.2% and 0.4% respectively. The French CAC 40 added 0.2%.

When the European stock markets closed, the Dow Jones index was 0.1% higher and the Nasdaq index had gained 0.2%.

Rein Schutte, investment advisor at Noesis Capital Management, emphasized that the main thing to do is wait for the inflation figure from the US. “It remains exciting to see whether the rise in inflation is temporary or not. It will also depend on whether wage inflation is on the way.” Investors seem unafraid, which is reflected in the further decline in bond yields. The 10-year yield on US Treasuries fell to 1.50%, the lowest level in more than three months.

In the ECB decision on Thursday, the wording of the message by President Christine Lagarde is most important, says Schutte. “For now, the Federal Reserve is more likely to act first with a tightening of monetary policy than the ECB.”

Investors also kept their eyes on the US President Joe Biden’s visit to Europe. According to Bloomberg news agency, the European Union and the US president are expected to meet at a summit in Brussels next week with a pledge to quickly resolve their lingering trade disputes. Trade tariffs related to a dispute over steel and aluminum could then be abolished before the end of the year.

The price of crude oil continued its upward trend. The WTI price is back above $70 a barrel for the first time since 2018.

Unibail frontrunner

In the AEX ended Unibail-Rodamco Westfield firmly in the lead with a sprint of 5.7%. Earlier this week, the real estate stock was already on the rise.

The recent recovery at Just Eat Takeaway continued with a plus of 1.5%. On Thursday, the shareholders of the American industry peer Grubhub will vote on the intended takeover by the meal delivery company.

Payment processor Adyen climbed 1.4%.

KPN also gained 1.4%. Analysts from UBS and Citi, among others, believe that after the waning takeover fantasy, investors should focus on the attractive fundamentals of the telecom company.

On the other hand, financial values ​​were less successful due to the further fall in interest rates. ING, NN on Aegon lost 1.5%, 1.1% and 1.2% respectively.

Among the medium-sized funds, biotechnology company excelled Galapagos with a profit of 6.6%. Air France KLM showed a gain of 3.3%.

Pharming thickness 1.7%. The biotechnology company will fall back to the AScX index as of June 21. Steel producer aperam was the largest decliner with a loss of 2%.

InPost was 2.1% higher on the local market. The Polish provider of parcel lockers, which went public on the Amsterdam stock exchange in January, has been promoted to the Midkap index.

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