Nice lunch AEX with appetite Shell and banks | Financial

Just before twelve o’clock, the AEX is 0.9% higher at 606.5 points, the highest level since the end of February. The AMX rises 0.9% to 897.1 points.

The other European stock markets are also clearly higher, after the mostly minor minuses on Monday. The UK FTSE, German DAX and French CAC 40 climb 0.8%, 0.9% and 1.1% respectively.

The index futures point to a 0.3% to 0.9% higher start of the US stock markets at 3:30 pm, after the pluses of 0.2% to 1.1% on Monday.

In Asia the mood this morning was also positive. The Japanese Nikkei index closed 2.5% higher.

Investors are increasingly getting the idea that the lockdowns that are still in the way of the economy will end in the course of next year.

The news that the transfer of power in the United States to the new administration of President-elect Joe Biden can officially begin is also causing optimism on the stock exchange floors.

Cees Smit, trader at Today’s, emphasizes that investors on the Damrak view the world through rose-colored glasses, partly because of the prospect that the end of the pandemic will be in sight with the successful tests of a number of vaccines against the corona virus. He also points to the news that former Fed boss Janet Yellen will be heading the US Treasury Department. “The only question is whether a younger person would not be better at this post, also in view of the developments around digital currency.” He also said that he played a role in the stirring sentiment that President Trump seems to be gradually throwing in the towel. “Although Trump has not yet officially recognized his defeat, the transfer of power is already underway.”

After the successful course of events in recent weeks, Smit is questioning whether the stock markets will continue to pick up towards the end of the year. “The rotation from tech stocks to value stocks is expected to continue, but the heavier weighting of the tech sector could still slow the index. Furthermore, Trump could possibly do crazy things in the coming weeks, including towards China. So there are still pitfalls to hinder an end-of-year rally. ”

With the Dutch main funds Unibail-Rodamco-Westfield with a profit of 7.5% in the lead. The retail property fund stated in an update that it remained concerned about the effects of the corona pandemic.

Financial institutions are also doing excellent business. ING, ABN Amro climbing 6.3% to 4.8%.

Shell takes up 4.6%, helped by the further rise in oil prices.

Tech investor Prosus wins 2%, after the target increase to € 135 by the US bank Citigroup.

The companies benefiting from the corona crisis are having a hard time. Payment processor Adyen delivers 2.8% to a meal delivery company Just Eat Takeaway drops 1.2%.

Biotech company Galapagos loses 0.3%, in response to the sale of a business unit.

KPN drops 0.2%. The telecom company announced that it would be € 3.5 billion over the next three years to invest in digitization, including the further roll-out of the fiber optic network. From next year, approximately 500,000 new fiber optic lines will be rolled out annually.

The medium-sized funds are booming BAM another 12.4% up after the strong profit on Monday, building on the enthusiasm about a deal with pension provider PGGM. This means that the builder’s equity has increased by approximately € 125 million, which has significantly reduced fear of a share issue.

Air France KLM hits the vaccine wings with an advance of 12.6%.

FastNed is booming another 38.7% on the local market. The company announced on Monday that it was about to realize its first nine fast charging stations along the French highways, which also yielded a substantial price gain.

Would you like to receive the DFT Newsletter automatically by email every morning? Sign up here for free.

–