Shell limits profit for AEX | Financial

Around 3.40 pm the AEX index was 0.2% higher at 553.1 points. The AMX rose 0.1% to 811.7 points. The price signs in London (+ 0.2%) and Paris (+ 0.6%) turned green, while Frankfurt was almost flat.

“We started the day positively, but the momentum quickly slowed down,” said wealth strategist Richard Abma (OHV). “Still, the stock market is in good shape. The market is not very concerned about covid developments and is looking more at monetary and fiscal stimuli that are still having an effect. ”

Many investors this week are targeting the US Federal Reserve’s interest rate meeting on Wednesday. “The Fed is already on the gas pedal. The central bank is also enjoying the wind, because the dollar is weakening ”, Abma noted.

In Asia the mood was bright this morning. The Japanese Nikkei index closed 0.7% higher. Technology investor SoftBank shot up more than 9% in response to the announced sale of UK chip designer ARM Holdings for up to $ 40 billion to US manufacturer Nvidia.

The US stock markets opened 0.7% to 1.5% higher this afternoon. Investors seemed pleased with the unconfirmed report that Chinese tech company Bytedance signed a deal with software company Oracle on the activities of TikTok in de VS.

In the AEX went banking group ABN Amro with a profit of 2.3% in the lead, partly thanks to a purchase advice from Sociéte Générale. ING went up 1.3%.

ASMI also came up strong. The chip supplier was worth 2.2% more.

Stock market heavyweight Royal Dutch Shell (-1.1%) was the largest drop among the main funds. The oil giant suffered from the lower price of the ‘black gold’.

Galapagos dropped 0.9%. On Friday, the biotechnology company shot up another 7% in response to positive test results for a drug against an autoimmune disease that is common in people with rheumatic diseases. The American partner Gilead is also acquiring Immunomedics for $ 21 billion. This acquisition is concerned with the treatment of (breast) cancer.

Wolters Kluwer lost 0.3%. The information supplier acquires an American company for € 136 million that supplies systems for tax and accountancy firms.

With the medium-sized funds Vopak with a gain of 1.5% at the top. It tank storage company together with investor BlackRock’s Global Energy & Power Infrastructure Fund, acquires three large industrial terminals in the United States for $ 620 million.

Biotech company Pharming (-1.4%) lagged behind in the AMX. Altice Europe fell 0.4% to € 4.11. That rate exactly matches the takeover bid that founder and major shareholder Patrick Drahi made on the cable and telecom provider on Friday. Altice Europe also announced that it would raise € 900 million through the issue of bonds with a term to 2028. The money will be used to repay and refinance loans.

Kiadis Pharma climbed 8.4% on the local market. The biotechnology company has the US drug authority FDA approval for the start of a clinical trial of Covid-19 treatment.

Euronext fell 3.7%. The stock market operator has made a bid for Borsa Italiana together with the Italian state lender CDP and the Italian bank Intesa Sanpaolo. It Swiss stock exchange company SIX however seems to have the best tickets to buy the Milan stock exchange.

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