At around 3:40 PM, the AEX index was 0.2% higher at 574.9 points. The AMX fell 0.3% to 768.2 points. The stock exchanges in London (+ 0.5%), Paris (-0.3%) and Frankfurt (+ 0.3%) showed a mixed picture.
Today and tomorrow, the 27 EU leaders will be physically reunited for the first time since the coronavirus outbreak. An agreement on the multi-year budget and the recovery fund of € 750 billion for the Member States most affected by the corona crisis does not yet appear to be in place, due to resistance to the Netherlands, Austria, Sweden and Denmark. “But I think the fund will eventually be launched in a clockwise or counterclockwise direction,” said asset manager Renco van Schie (Valuedge).
Van Schie also remains optimistic about shares in Europe and Asia. “You can see that China and the eurozone are returning economically. The corona virus is reasonably under control. Unfortunately, that is not yet the case in the US and Great Britain. ” A further weakening dollar could give European stocks an extra boost, says Van Schie.
Of American tech fair Nasdaq opened 0.2% in the plus this afternoon. Streaming service Netflix fell 5%, however, as both the quarterly profit and the forecast of the number of new subscribers are disappointing. The Dow Jones index started 0.1% higher.
Tech funds at the top
In the AEX was payment service provider Adyen the leader with a profit of 3%. ASML was worth 1.9% more. The share price of the chip machine manufacturer was slightly under pressure earlier this week disappointing quarterly turnover. Former sister company ASMI was allowed to add 1.2%. Biotech group Galapagos also rose 1.2%.
Meal ordering group Just Eat Takeaway advanced 0.9%. Unilever won 0.6%. The food and detergent group will also publish quarterly figures on Thursday. It previously appeared that Unilever was suffering from the corona virus, which meant that the catering industry was temporarily closed. The company also announced last month to become completely British.
Aegon (-2.3%) was the biggest loser among the main funds. Financial values also went with it ING (-1.8%) in ASR (-1.4%) backward.
Broadcaster Randstad (-2.2%) and steel manufacturer ArcelorMittal (-1.6%) were also noticeable declines. Fair weight Royal Dutch Shell (-1.5%) also pressed the AEX.
Heineken dropped 1.4%. British bank Barclays has withdrawn the beer brewer from the purchase list in response to Thursday profit warning.
Cable and telecom provider performed in the AMX Altice Europe (+ 2.9%) the winners. Real estate fund NSI (-4.1%), on the other hand, was the bottom line.
Better Bed climbed on the local market by 4.3%. The bedroom specialist managed to weather the corona crisis in the first half of the year and wrote black numbers with an almost 10% higher turnover.
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