AEX shoots up due to vaccine boost | Financial

At half past one, the AEX was 3.4% higher at 592.4 points, after having already increased by 7.3% last week. The AMX was heading 4.3% higher at 862.3 points.

Elsewhere in Europe, investors also celebrated. The British FTSE 100, the German DAX and the French CAC 40 won 5%, 6.1% and 6.8% respectively.

Index futures pointed to a 1% to 5% higher opening of the US stock market indicators at 3:30 pm this afternoon.

Pfizer reported that its corona vaccine had a effectiveness of no less than 90%. The pharmaceutical company is therefore hopeful that it will be on the market at the end of this year.

The ongoing equity rally also attributes ING’s investment strategist Simon Wiersma to the election results in the US. Investors were pre-positioned for one blue wave, but it seems that Republicans retain a majority in the Senate. However, that is not yet certain. A reelection will take place in Georgia on January 5, and if the Democrats win two seats, the score will come to 50-50. Vice President Harris will then be decisive. ”

In a divided Congress, it becomes difficult for Biden to implement the tax increases and stricter regulations he intends. “This is good for technology funds, but not the only reason why their prices are now going up extra fast. They are also benefiting from the fall in interest rates, which are generating higher valuations, especially in growth stocks. Moreover, technology is the sector with the most upward profit revisions, ”Wiersma reports.

The investment strategist expects the stock markets to remain volatile in the coming weeks. “The high number of new corona infections in the US and several European countries is a cause for concern. Moreover, the outcome of the Brexit negotiations is highly uncertain. ”

ArcelorMittal in the lead

Stood at the Dutch main funds Unibail-Rodamco-Westfield with a plus of 23.5% at the top. The retail property fund will benefit greatly from the rapid introduction of the corona vaccine. In addition to two activist shareholders, the Vereniging van Effectenbezitters (VEB) also protested against the announced share issue. This dilutes the interests of existing investors, but would not be necessary and surrounded by unclear assumptions, according to the VEB.

Financial institutions also skyrocketed. Aegon, ING and ABN Amro won about 9%.

Biotechnology company Galapagos recovered at 4.5% from Friday’s notable tap.

Shell won 10%.

Meal delivery company Just Eat Takeaway, which actually benefits from the closure of the restaurants, was a negative outlier with a loss of 5.6%.

Fintechbedrijf Adyen lost 3.2%.

Signify sterk

With the medium-sized funds Air France KLM with a gain of 28% at the top. Basic-Fit took 13.8%.

Biotechfonds Pharming won 2.9%, in response to the arrival of a new CEO Jeroen Wakkerman from Nutreco.

Bee Altice Europe (+ 2%), more shareholders of the telecom company opposed a bid that major shareholder Patrick Drahi made for the company.

Smallcap B&S Group gained 6.5% after a trading update. The distributor and wholesaler saw sales decline in the first nine months of the year.

It’s not indexed DPA rose 0.8%. The secondment agency has to deal with less demand for the services of its professionals and expects the impact of the virus on the economy and the labor market to continue for some time.

More relevant financial news directly in your mail every day? Sign up here On.

–