At around 4.35 pm, the AEX index is 0.3% higher at 666.4 points. The indicator closed 2.1% in the plus on Monday. The AMX is heading 0.2% lower at 993.2 points. The price signs in London (+ 1%), Paris (+ 0.7%) and Frankfurt (+ 0.6%) turn green.
“Calm is returning to the markets,” says wealth strategist Renco van Schie (Valuedge). Last week, the high interest rates caused a sell-off in the stock markets. On Monday, however, prices recovered after interest rates fell.
“However, it is a bit cautious today. I am not convinced that the stock markets have completely shaken off the inflation fears, ”says Ralph Wessels, head of investment strategy at ABN Amro.
Van Schie is watching with extra interest this week speeches by the American central bankers Jerome Powell and Lael Brainard. “They will try to reassure the markets and probably say they are watching interest rates and will continue to stimulate the economy.”
Of scholarships in New York rates divided this afternoon. Tech exchange Nasdaq is 0.4% lower. The Dow Jones index is climbing 0.1%. The indices closed sharply higher on Monday: the Dow Jones posted a 2% gain, with one outlier for Warren Buffett’s Berkshire Hathaway.
ArcelorMittal at the top, Unibail at the bottom
In the AEX is a steel manufacturer ArcelorMittal the leader with a plus of 3.3%. Telecom concern KPN rises 2.3% after having already become worth 3% more on Monday.
Specialty chemical company IMCD may add 2%. The AEX is also helped by heavyweight Unilever (+1,2%).
Retail real estate fund Unibail (-3%) is at the bottom of the main funds. The chip machine manufacturer ASMI (-1.2%) in ASML (-1.1%) are also among the losers.
Beer brewer Heineken (-1%) responds to messages about the severance pay of former CEO Jean-François Van Boxmeer of € 5.5 million. That would deviate from the code for business. According to Heineken, the agreement with Van Boxmeer before the code applies.
Meal delivery company Just Eat Takeaway drops 0.1%. Takeaway founder Jitse Groen is one of the investors who are investing € 30 million Crisp online supermarket.
The lighting manufacturer shines in the AMX Signify met a gain of 1.9%. Financial service provider Intertrust is 1.7% higher.
Aviation concern Air France KLM (-2%) is the biggest loser among medium-sized funds. Biotechnologist Pharming (-1.7%) starts a genetic testing program with the American Invitae that helps doctors identify patients with APDS, an abnormality of the immune system.
At the small cap funds, the metal supplier is springing up AMG by 3.5% on. Asset manager Berenberg raises the price target for the AMG share from € 30 to € 36, with an unchanged buy recommendation.
Secondment DPA rises 7.3% to € 1.70 thanks to it takeover bid van Gilde. The investor wants to get DPA off the stock exchange for € 79.8 million. This amounts to € 1.70 per DPA share.
CM.com, provider of cloud software for e-commerce, wins 0.7% on the acquisition of payment platform PayPlaza for € 10 million.
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