Pharming in demand on awaiting stock market | Financial

Around 2.45 pm the AEX index is down 0.1% at 663.6 points. The AMX advances 0.5% to 988 points. The price signs in London (+ 0.1%), Paris (+ 0.1%) and Frankfurt (+ 0.7%) also turn green.

“On Tuesday you saw that investors started to price their risks again because of fear that interest rates would rise further. Tech stocks in particular were affected. But today there is normalization in the markets, ”says wealth strategist Richard Abma (OHV). He therefore assumes that the stock markets experienced a temporary decline in a continuous upward trend in the past two days.

The US stock markets are expected to open 0.1% to 0.3% higher this afternoon. Wall Street took another sprint last night after Fed Chairman Jerome Powell tried to allay concerns about interest rates and inflation. Powell said in a hearing before Congress that he did not fear extremely high or prolonged inflation as a result of the billions the Fed is pumping into the economy. The central banker therefore sees no reason to temper the stimulus policy, which is causing very low interest rates.

Arcelor in the lead, Wolters Kluwer at the bottom

In the AEX is a steel manufacturer ArcelorMittal the largest riser with a plus of 2.9%. Broadcaster Randstad wins 2.3%.

Payment service provider Adyen 1% rebounded after the 8% cue on Tuesday. ASML increases 0.7%. The chip machine maker will supply around € 3.6 billion worth of EUV machines to the South Korean memory chip manufacturer SK Hynix over the next five years, reports. The AEX is also supported by heavyweight Royal Dutch Shell (+ 0.8%), which is benefiting from the higher oil price.

Wolters Kluwer However (-5.3%) is the bottom of the league for the main funds after the cautious outlook for the current year. Industry colleague RELX drops 0.6%.

KPN has to give up another 1.9% after Tuesday’s sharp plunge. Mexican telecom company América Móvil has now successfully placed € 2.1 billion worth of KPN bonds with institutional investors outside the US. Food giant Unilever (-1.6%) also presses on the AEX.

With the medium-sized funds Air France KLM 4% credit. The aviation concern has had an upward trend this week.

Leader Pharming (+ 6.5%) is also doing good business. Asset manager DeGroof Petercam has begun tracking the biotech fund with a buy recommendation.

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