AEX closes above 560 points, ABN wanted | Financial

The AEX index closed a fraction higher at 560.2 points. The AMX took 0.8% off the table and closed at 747.57 points.

Elsewhere in Europe, stock markets performed better: the British FTSE gained 1.6%, the French CAC-40 became 1.4% more expensive and the German DAX index gained 1.2%. In Frankfurt, Wirecard made a price jump of over 150%. The Wirecard Bank component is not covered by the bankruptcy petition, the payment processing activities of Wirecard have been transferred to the bank.

The published eurozone economic confidence rate recovered more slowly than analysts expected. The European Commission’s Economic Confidence Index was 75.7, up from 67.5 a month earlier. Economists expected a score of 80.

The number of people worldwide who have died from the coronavirus now exceeds half a million. The U.S. has the most recorded infections and deaths. The market is counting on more financial support.

More damage

“We are not yet released from corona. That awareness seems to penetrate the financial markets, ”said ING analyst Simon Wiersma. “The economic damage will increase the longer a return to normal takes longer. Support from governments and central banks may ease the pain for a while, but they are not a vaccine or a medicine. ”

New York stock exchanges opened with 0.6% to 1.3% gains. Boeing scored 9% higher; it got permission for flights with the 737 MAX.

“It is quiet. The market is already looking forward to Federal Reserve Chairman Powell’s statements on the economy on Tuesday, ”said ABN Amro trader Frank Bonsee. “On Thursday, the US job data, the non-farm payrolls, will provide more insight: the figures have varied so much in recent weeks. What are the revisions, what are the current figures. That will be exciting. ”

Van Lanschot’s chief strategist Luc Aben is gloomy. It envisages an extension of the economic support package of governments and central banks. “But with a smaller scope,” the economist nuances.

Brent oil rose 0.8% to $ 41.30 a barrel. The euro strengthened 0.2% to $ 1,123 thanks to growing German inflation. The German ten-year government loan rose slightly to -0.470%. Bitcoin remained close to $ 9107.

In the AEX ABN Amro leader thanks to 4.4% profit. Incidentally, financial values ​​were also included Aegon (+3,3%), ASR (+ 1.5%), in ING (+ 4%) positive.

Steel manufacturer ArcelorMittal strength to 3.8% profit. According to daily newspaper Le Figaro, six parties have reported for the takeover of the French steel factory in Hayange, including ArcelorMittal. British Steel, Liberty Steel, Greybull, Saarstahl and Jindal would also prey on it.

Unilever (-2.5%) was the biggest loser among the main funds. The food and detergent group suffered from sales advice from investment bank UBS.

It was in the food corner Heineken (-1.7%) at a loss while heavyweight ASML 0.6% cheaper.

The AEX was propelled by a turnaround from loss to profit at the other stock market heavyweight Royal Dutch Shell (+0,8%).

In the AMX, builder BAM led the winners on 4.9% price point and dethroned lighting producer Signify (+ 4.5%) who led the way for a long time. Air France KLM rose 3.3%.

Industrial supplier Aalberts was allowed to add 1.5%. ING raised its target price for the Aalberts share from € 27.50 to € 35 with unchanged buying advice.

Pharmacy supplier Fagron (-2.3%) was at the bottom of the medium-sized funds. Altice Europe was worth 1.9% less. Asset manager ODDO BHF lowered the investment advice for the cable and telecom provider from ‘buying’ to ‘neutral’ at a price target of € 3.90.

SBM Offshore (-0.4%) announced that they are starting an Australian liquefied natural gas (LNG) project. The maritime service provider signed an agreement for this with Transborders Energy. Financial details were not provided.

Wereldhave rose 6% at the top of the small caps.

Vastned fell 2%. Major shareholder Aat van Herk wants both the full management and the supervisory board of the retail property fund to leave. The investor feels “not taken seriously” and believes that too much money is lost at the company. Van Herk owns almost 25% of Vastned.

Several shareholders of the empty exchange case Lavide (+ 6.8%) have little confidence in CEO Salar Azimi. That became clear during Het shareholders’ meeting last week, according to Het Financieele Dagblad. The company’s commissioners talk to Azimi.

Core Laboratories went from loss to 1.3% closing profit. ING has lowered its price target from $ 33.50 to $ 21.00 with unchanged holding advice, due to the negative impact on the corona outbreak business and the resulting fall in the oil price and lower investment in the oil and gas sector .

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