Sun comes through on Damrak; investors embrace Neways | Financial

The AEX trades 0.5% in the plus at 712 points around a quarter past twelve. The Midkap index is up 0.2% to 1067.2 points.

The stock exchanges in Frankfurt, London and Paris are also still turning green.

Wall Street crossed the line with small gains last night. Janet Yellen, former chairman of the Federal Reserve, told Congress that inflation in the United States is likely to remain high until the end of this year, but then ease.

US President Biden will unveil massive budget plans on Friday. Investors hope Washington’s projected $6 trillion spending plans will accelerate recovery from the coronavirus crisis. The Japanese stock market entered the weekend cheerfully.

Stan Westerterp, asset manager at Bond Capital Partner, emphasizes that Biden’s decisiveness is particularly striking. He points out that everything is being done to guide the American economy through the corona crisis, but on the other hand, the national debt in the US is rising rapidly. Biden pushes even harder than Trump. In addition, the upcoming elections to Congress will play a major role in maintaining his majority in both houses.”

Westerterp assumes that there may be even more in store for the stock markets towards the second half of the year. “After a very good start to the year, the AEX has recently moved sideways in a trading range between 690 and 718 points, with a rapid recovery following each correction. It is positive for the market that China and America are returning to the negotiating table. The corona story hardly plays a role for the stock markets anymore.”

Insurers in demand

In the AEX, insurers show a good picture, supported by the rising interest rate. NN Group is at the top with a plus of 1.9%. Aegon klimt 1,6%.

Chipfonds BESI can also count on buyer interest and will receive an additional 1.5%.

Ahold Delhaize is doing less. The supermarket group is down 0.8%. Randstad must relinquish 0.6%.

Mid-hairdresser and frontrunner Galapagos is 2.7% higher. During the virtual congress of the European League Against Rheumatism (EULAR), the biotech fund will present new data on the safety of the anti-inflammatory agent filgotinib as a treatment for rheumatism.

Air France KLM (+2.6%) is also doing good business. There will be no forced dismissal of seven hundred cabin employees of subsidiary KLM.

Local Fund ICT Group wins 0.7%. The consortium led by investor NPM Capital has launched a takeover bid of €14.10 (excluding dividend) per share for the IT service provider. Earlier this year, both parties had already given the green light on approval of the offer.

Neways shoots up 6% to €13.40 after industrial group VDL’s renewed attempt to acquire the company by launching a public offer of €13 per share.

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