Real estate and banks pacemakers at AEX party | Financial

The AEX index ended 1.5% higher at 565.51 points after having been more than 2% in the plus earlier in the day. The AMX rose 1.7% to 811.8 points.

There was also a cheerful mood at fairs elsewhere in Europe. The British FTSE 100, the German DAX and the French CAC 40 posted gains of up to 2%.

Investors took courage to step into the market after US President Donald Trump announced that prominent Democrats Nancy Pelosi and Chuck Schumer would like to meet him to negotiate a new economic bailout package. Previously, the Republicans and Democrats could not agree on this. According to Stefan Koopman, economist at Rabobank, all parties are aware of the importance of giving a boost to the US economy with new corona support. “Democrats are also not waiting for the economy to be on its hole, should presidential candidate Joe Biden win.”

Stan Westerterp, asset manager at Bond Capital Management, emphasizes that support from central bankers and governments sounds like music to investors. “With the Democrats reaching out to the Republicans, it is obvious that a deal on new corona support is coming up.” He does point out, however, that the Democrats face a difficult dilemma to help Trump restore the US economy just before the presidential election. According to him, the predominantly strong earnings season still contributes to the good mood. “With the exception of certain sectors, many companies have survived the corona crisis better than expected.”

The news that Russia has a corana vaccine ready, gave prices an extra boost, says Koopman. Although there is great uncertainty about the reliability of the Russian vaccine, he points out that this increases the optimism among investors about the arrival of an effective vaccine against the coronavirus. “That is why you saw especially the shares that were punished earlier this year pick up considerably.”

Koopman expects that Trump’s attitude towards China in particular can play a major role in sentiment. “This weekend there will be an evaluation of the phase 1 trade deal between China and America. It is clearly visible that China is not adhering to the agreements made in all areas. That gives Trump a stick to hit the Asian country with. Furthermore, tensions between the two parties are increasing in view of Hong Kong and Taiwan. ”

Westerterp takes into account that towards the end of the year the AEX will be able to reach the 600 point limit again. “The coming months will mainly be dominated by the American elections that will take place at the beginning of November. With this uncertainty behind us and the increased clarity about a corona vaccine, enthusiasm for the remaining big boys, such as ING and Shell, will increase again. Tech funds are likely to lose momentum due to sector rotation. ”

Leading role Unibail

In the almost entirely green colored AEX zinvestors mainly buy bread Unibail-Rodamco-Westfield with a price jump of 8.4% as a result. The retail real estate group is so far the worst performing AEX fund this year with a loss of almost two thirds. Randstad plus 4.55.1%.

The lagging behind financial institutions were also on the rise. ABN Amro that tomorrow will open the books, thickness is 4.3%. Aegon in ING both prices were up 4.6%.

Shell was also well underway, rising 3.7%, helped by the continued rise in oil prices. Arcelor Mittal sprinted 4.2% forward.

Prosus was 3.7% in recovery, partly thanks to a buy recommendation from Deutsche Bank. The investor has been down in the past few days as Trump banned US transactions with WeChat. This is owned by Prosus’ by far the most important subsidiary Tencent.

Adyen on the other hand, it fell 1.5%, while Unilever fell 0.9%.

Fugro shiner

Soil researcher excelled at the medium-sized funds Fugro with a profit of 7.3%, after being taken off the sales list by ABN Amro.

Pharming fell 2.3%. On Monday, the biopharmaceutical shot up 9% as it started researching the effects of his drug in a larger group of corona patients.

GrandVision slipped 0.8%. The incorporation of the eyewear chain by the Italian peer EssilorLuxottica seems to be increasingly in doubt.

Technology company TKH came under pressure and lost 3.5%, after presenting his half-year figures. The forecast for the entire year was disappointing.

Smallcap Vastned climbed 3.6%, after a hefty price target increase to € 24 by Berenberg. The German bank uses holding advice for the real estate fund.

Wereldhave gained 4.7%. The real estate fund indicated that it had exposure to the bankruptcy of store owner FNG.

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