Interest rate rise helps banks and real estate in flat AEX | Financial

At 1.30 pm, the AEX is 0.1% lower at 697.8 points, after tapping 701 points at the opening.

On Monday, the index reached just above 700 points for the first time in over twenty years. The highest closing position was reached on September 4, 2000 with 701.6 points and a day later the AEX set an absolute record of 703.2 points.

The AMX climbs 0.3% to 1019.2 points at low volumes.

The UK FTSE 100 index, the German DAX and the French CAC 40 are climbing 0.5%, 0.7% and 0.7% respectively.

The most important Asian stock markets progressed this morning.

The index futures point to a nearly flat opening of the US stock markets at 3:30 this afternoon. On Monday, the Dow Jones index closed 0.3% higher and the Nasdaq index 0.6% lower.

“With modest volumes and some major macro news, US interest rates will again dominate. The fee for the 10-year government bond increases 5 basis points, and 10 basis points in 24 hours. A few weeks ago, an increase of that size was still cause for great concern, ”says investment adviser Rein Schutte of Noesis Capital. “Now it is taken as a sign of strength.”

The dollar is strengthening against the euro. “The market is waiting for President Biden’s bailout package that he will present tomorrow,” says Schutte. “In the meantime, the rotation continues, from growth to value stocks. Although there is no clear structure to be seen: not everyone suddenly switches. ”

Bitcoin gains 3% to nearly $ 59,000. Oil drops 1.5%, gold around 1.3%.

Vaccination on steam

The hopes for a strong economic recovery from the corona crisis and the acceleration of the vaccination program in the United States continue to inspire optimism.

The problems at the American hedge fund Archegos have little effect on general stock market sentiment, but do affect large banks such as the Japanese Nomura, the Swiss Credit Suisse and the American banks Goldman Sachs, Morgan Stanley and Citigroup.

In the fight against the corona virus, Janssen’s vaccine will be delivered to Europe from April 19. The Netherlands expects nearly 170,000 Janssen vaccines next month. An American study indicates that when someone has received a single shot of the corona vaccines from Pfizer / BioNTech or Moderna, the chance of infection already drops by 80%.

Aegon leads

Listed with the Dutch main funds Aegon thanks to 2.1% price gain at the top. “That fund has the most exposure to rising US interest rates,” says economist Dieperink of investment manager Auréus. Followed by ING (+ 1.5%). Also going retail real estate investor Unibail-Rodamco-Westfield with a gain of 1.8%.

Financial institutions are also in demand, buoyed by the rise in bond yields. In the US, the interest rate on 10-year government bonds stands at 1.77%, the highest level in almost two years.

Aegon, ASR, ING, NN Group increase 2.7%, 2%, 1.8% and 1.6% respectively.

Payment processor Adyen shows a modest recovery of 0.3%, after the sharp drop in the past month and a half from a record level. The German investment bank Berenberg has raised its target price to € 1,700 and has maintained its holding advice.

Food and cleaning products manufacturer Unilever drops 0.3%, in response to US investment bank Bernstein’s enforcement of sales advice.

The supplier to the chip sector Iron loses 0.1%. Degroof Petercam has used the enormous sprint in recent months to reduce the advice to keep.

AMG wanted

The supplier of rare metals is among the medium-sized funds AMG at the top of 4.4% price gain Basic-Fit increases 2.9%, Air France KLM takes 2.2% exchange rate gain.

Boskalis earns 1.5% extra. The refloating of the container ship Ever Given in the Suez Canal will not generate millions for the dredger and maritime service provider. “This has no effect on Boskalis’ annual profit,” said CEO Peter Berdowski. He is, however, aware of the extra brand awareness that the job can generate.

The smaller funds are alive Heijmans with 2% price gain on. Smallcap BAM climbs 0.7%. The construction company announced the sale of its Swiss subsidiary.

InPost is almost 1.2% lower in the local market, in response to the publication of its annual figures. The Polish provider of parcel lockers opened more than 3% higher.

DGB Group loses 7% today, after Monday’s share price rise by nearly 20% on the alliance with Brexit campaigner Nigel Farage.

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