Windfall Galapagos gives AEX profit | Financial

The AEX index recorded around 11 am, after a 0.8% loss yesterday, a 0.3% gain at 542.8 points. The AMX was then heading 0.2% in green at 787.4 points.

The German main index fell 0.5%. German exporters’ confidence had doubled in September, according to the latest Ifo figure. The French CAC 40 index (-0.7%) lagged the DAX and the UK FTSE which rose 0.1%, despite the 44% decline in car sales in August.

On Wall Street, the Dow Jones index closed 0.2% higher. The Nasdaq gained 0.4%, the S&P 500 gained 0.3%. The first futures for the opening of the New York stock exchanges at 3.30 pm are flat. Production figures for durable goods are on the agenda.

ING reported that several economists have already lowered their expectations for US growth in the fourth quarter.

Democrats in the House of Representatives on Thursday proposed a new $ 2,400 billion bailout package. But that magnitude is still far beyond the wishes of the Republicans in the Senate.

In Asia, Japan’s Nikkei ended the week with a 0.5% gain. In China, bonds of Evergrande, one of the largest Chinese real estate developers, plummeted. It may not be able to meet its payment obligations.

In addition to concerns about the second wave of corona with an increase to 32.1 million people infected, brokers also referred to record sales at online suppliers in Europe for the sentiment, according to research by GfK.

The euro was down 0.2% at $ 1,165. Brent oil gained 0.7% at $ 42 a barrel, gold and silver rebounded 0.3%.

Good luck for Galapagos

The Dutch-Belgian biotech fund went to the Dutch main funds Galapagos (+ 3.2%) in the lead. It reported that its drug filgotinib or Jyseleca, developed with partner Gilead, has been approved in Japan for the treatment of rheumatism. It markets it with the Japanese Eisai. Good news for Galapagos, said the KBC Securities analyst. However, the American market remains a question mark.

Shop landlord Unibail-Rodamco-Westfield, which will issue € 3.5 billion in shares later this year, followed with 2.5% profit.

Oil and gas supplier Shell (+ 1.5%) responded to the report that it is not using the acquired drilling rights off the coast of Northern Alaska.

Telecom company KPN (+ 2.1%) was in the footsteps.

The broadcaster listed at the bottom of the AEX Randstad with a 1.4% loss. Philips lost 1.2%. Technology stocks Prosus, ASML in ASMI declined by 0.3% to 1%.

Financial Institutions Aegon (+ 1.3%), that would like to sell its Eastern European parts, NN Group (+1%), ASR (+ 0.8%) in ABN Amro (+ 0.3%) remained positive. Aegon’s sales would not surprise, according to KBC Securities.

The medium-sized funds included bioplastic producers Corbion (+ 3%) in SBM Offshore with 1.3% profit at the top, just behind soil researcher Fugro, where JPMorgan has sharply reduced its stake to 0.6%. Fugro’s Norwegian sector colleague PGS reached an agreement with creditors.

Fitness chain Basic-Fit 1% reacted negatively to a report from ING. The bank points out that the fitness chain has had to close branches in nine major cities in France due to tougher corona measures, but that its growth strategy remains strong.

Air France KLM, that may require a share issue, was downgraded by an additional 4%. This brought the airline to under € 3 for the first time.

Builders BAM (-2.1%) in Heijmans (+ 0.4%) were in the spotlight. ABN Amro has calculated that the fall in turnover for the coming year is greater by 3% than the -2% previously expected. The strongest fallers are in non-residential construction (-4%), according to her sector economist Madeline Buijs.

Bram Schot, ex-CEO of Audi car brand, will not become a supervisory director at the navigation service provider smallcap TomTom (-0.1%). He is relinquishing the position “for personal reasons”.

More relevant financial news in your mailbox in the morning for free? Sign up here On.

–