KPN topper on strong Damrak | Financial

The AEX was 0.7% higher at 571 points at eleven o’clock. The AMX rose 0.4% to 853.3 points.

The other European stock markets performed less strongly, but amply held on to last week’s good profits. The UK FTSE 100, German DAX and French CAC 40 climbed 0.1%, 0.3% and 0.4% respectively.

Index futures pointed to a 0.1% to 1% higher opening of the US stock markets at 3:30 pm this afternoon.

Recent positive corporate reports have reinforced investor optimism for the quarterly earnings season. This will officially start on Tuesday with the figures published by major American banks.

Investors also remained confident that the Republicans and Democrats will reach an agreement one of these days on a new bailout package in the US. They were also little concerned about the continued strong advance of the corona virus in many European countries.

The Dutch main funds shone KPN with a profit of 7.4% off. Swedish investor EQT is interested in a takeover of the telecom company, according to Bloomberg news agency. In response to this, investment bank KBC increased its advice towards buying.

Tech investor Prosus climbed 1.9%, helped by a target increase to € 112 by British bank Barclays.

ING rose 0.4%. The bank wants the salaries of its staff for the next three years.

Shell lagged behind with a minus of 1.4%, partly due to the drop in oil prices.

Supermarket chain Ahold Delhaize fell 0.6%. UBS raised the target price from € 20 to € 21, which is still well below the current price. The Swiss bank therefore maintained its sales advice.

Unilever yielded 0.4%. The British shareholders of the laundry and food group to vote this afternoon about the planned move to the United Kingdom.

The medium-sized funds went Arcadis with a profit of 8.5% in the lead, after a price target increase to € 26 by ING on a repeated buy advice. The bank points out that the engineering firm is profiting fully from the demand for sustainable solutions and is in good financial position.

Maritime service provider Boskalis won 1.7%, in response to winning orders in Germany worth € 45 million.

Basic-Fit lost 8%. Trader Daan-Martijn van Holst (ABN Amro) attributes this to fears among investors that the cabinet will announce on Tuesday evening that the fitness chain must close its doors.

The beverage maker included in the AScX index Lucas Bols was unchanged after the purchase of the US distribution rights for the Italian liqueur Pallini Limoncello.

Technology company CM.com grew 2.5% in the local market following the announcement of the acquisition of e-commerce customer service provider RobinHQ.com.

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