Investors are less positive about | Financial

The AEX was flat at 568.2 points at four o’clock. The AMX dropped 0.1% to 842.1 points.

The Damrak outperformed most other European stock market indicators. The British FTSE and the German DAX fell 0.7% and 0.4% respectively. The French CAC 40 hovered around Friday’s close.

After half an hour of trading, the Dow Jones index had gained 0.2% and the Nasdaq index 0.5%.

Although Democratic Speaker of the US House of Representatives Nancy Pelosi stated that she was “optimistic” that the new corona support package is coming soon, asset manager Renco van Schie (Valuedge) thinks that an agreement on this will only be reached after the elections. “However, it doesn’t really matter to investors whether it gets a little later, as long as it is large. And it looks like that, especially now one Blue Wave seems to come. Biden becomes president, the Democrats get the majority in the Senate and also strengthen their position in the House of Representatives. ”

Van Schie is not very concerned about the stricter government measures in response to the growing number of corona infections. “The Lockdowns may slow down economic growth, but are unlikely to wipe it out. The measures are of a temporary nature. And in addition, European governments are ready with extra incentives. ”

“Sentiment remains good. Partly because of the prospect of more stimulus from the US and the latest Chinese GDP figure, which is fine ”, trader Frank Bonsee of ABN Amro assesses the markets. “For the news, investors are looking at the latest corporate data presentations this week and the purchasing managers figures. After that you are already facing the US presidential elections, which can determine a lot. ”

Philips leads AEX

Unibail-Rodamco-Westfield went in the AEX with a profit of 4%. Last week, the retail real estate fund already shot up, because a few large investors have turned against the intended share issue.

Biotech company Galapagos, which had to process a setback in its drug test last week, was 2.7% in recovery.

Philips won 2.3%, thanks to a better than expected quarterly report. The healthcare technology group benefited from increased demand for respiratory equipment due to the corona crisis. CEO Frans van Houten reported that he anticipated further steady growth. Strong results, ING assesses, although the analyst finds the outlook for 2021 somewhat pale.

Paint company AkzoNobel lost 1.5% after the announcement of a takeover in Spain. AkzoNobel has, according to analysts, seen sales contract in the third quarter. According to a consensus of the analysts, which the paint company has posted on its website, the operating profit of the concern did increase.

Shell yielded 1.4%. Builder BAM climbed 0.6%, after hitting a record low last week.

The medium-sized funds went Air France KLM with a gain of 2.8% in the lead. Fugro, which plummeted last week after the soil researcher reported being in talks with investors about a possible share issue, fell 0.2%.

ForFarmers sought after

Cattle feed company ForFarmers (+ 3%) acquires industry peer De Hoop Mengvoeders. According to KBC, the expansion fits in perfectly with ForFarmers’ growth strategy.

Better Bed won 10% from local funds. The bed seller has entered into a cooperation agreement with Asian retail chain DeRUCCI, with more than 3,600 showrooms, for premium brands in China, among others.

Stock exchange company Euronext despite a few hours of outage earlier in the day, rose 1.6%.

Service provider to the oil and gas industry Core Laboratories (-3%) announced that it had issued bonds worth € 60 million.

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