Investor sees plenty of opportunities to buy again | Financial

The AEX noted, after a 3% loss last week, 0.6% higher at 543.5 points at half past ten. The AMX rose 0.8% to 799.4 points. The US stock exchanges are closed today due to Labor Day.

The British FTSE 100 was up 1.3%, the French CAC 40 gained 1.1%. The German DAX rose 1.4%.

Analysts point to the increase to the German industrial production figure, which in July amounted to 1.2% growth. The positive outlook in particular apparently gave investors hope.

They also looked ahead to Thursday’s ECB interest rate meeting. On Tuesday, the growth figures for the eurozone will be announced for the second quarter. The consensus in a decrease of 12.1%.

The British pound contracted by 0.6%. According to the Financial Times, the British would throw negotiations with the European Union on a post-Brexit trade deal out the window.

‘Not much potential’

Broker IG warns customers, it puts on the brakes. “I don’t expect much potential in the equity markets in the short term. European corporate earnings fell by more than 50% in the second quarter, ”said Salah-Eddine Bouhmidi, IG’s head of markets.

SoftBank share ended 7.1% lower this morning. The Japanese company is said to have invested a record amount of call options on American technology companies as ‘Nasdaq Whale’, speculating on further price gains. Whether this story is correct, hedge fund manager Etienne Platte of Antaurus is afraid to say. “Software does have billions on the shelf, but the company could also invest them in new tech. It is clear, however, that options trading increases volatility in technology stocks. ”

The euro traded a fraction lower at $ 1,183. Brent oil fell 0.8% to $ 42.10 a barrel. Oil cartel OPEC cut prices for its October contracts.

Galapagos back again

At the main funds went payment processor Adyen with a 2.2% rise in the lead. Just Eat Takeaway, a favorite of Platte, became 2.4% more expensive.

Galapagos 2.1% was in recovery, after losing a third in a few weeks because his rheumatism drug is not allowed to be launched in the US for the time being.

ABN Amro fell 0.7%. According to calculations by the Central Planning Bureau, the Dutch banks have sufficient buffers to deal with problems with bankruptcies due to the corona crisis.

Chipmachinemaker ASML (-0.6%) responded to the report from the Wall Street Journal that the United States wants to impose export measures on Semiconductor Manufacturing International Corp (SMIC), a customer of the Veldhoven group. According to Citi, expansion for SMIC is thus blocked. China’s largest semiconductor fell 20% on the Hong Kong stock exchange.

ASML is still waiting for an export license for a new EUV machine. But that effect is limited for ASML, according to ING. A recent meeting with CFO Dassen reassured analyst Marc Hesselink about the outlook for the rest of the year.

The medium-sized funds involved specialty chemicals Corbion with a plus of 3.4% in the lead. Basic-Fit and Industrial subcontractor Aalberts followed with 2.6% and 2.4% price gain.

Fertilizer producer OCI was at the bottom with a minus of 1.4%.

Charging station manufacturer Elves led the small caps on an 8.3% gain. Retail real estate fund Wereldhave (+ 2.6%) responded positively to the increase in its debt facilities to over € 130 million. All debt obligations are covered until the third quarter of 2022.

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