Cheerful AEX continues record series |reeks Financial

The AEX index closed 0.6% higher at 742.86 points. However, the AMX lagged behind and dropped 0.4% at 1054.60 points. The price boards in London (-0.1%), Paris (-0.2%) and Frankfurt (-0.1%) also turned red.

ING investment strategist Simon Wiersma attributes the continued rise of the AEX mainly to the greatly diminished investor concerns about inflation and economic growth. “The encouraging trade figures that came out from China this morning help with the latter. Thanks to the strong economic recovery, there is also hope that the quarterly figures of companies will be better than expected.”

Partly because the comparison with a very weak second quarter of 2020, analysts are counting on strong profit growth. “The consensus for the US S&P 500 is 64% and for the Stoxx Europe 600 even 109%, because Europe went into a lockdown earlier last year. Historically, 70% of US companies are doing even better than expected and I don’t think it will be much different now. But it is a special situation and analysts foresee a clear weakening in earnings growth in the coming quarters due to the more difficult basis for comparison,” said Wiersma.

From US stock exchanges started slightly lower today. Soft drink giant PepsiCo was rewarded by investors for better-than-expected quarterly figures. They reacted coolly to the profit increase of the banks JPMorgan and Goldman Sachs.

In the AEX went Prosus led by a gain of 2.2%. The tech investor benefited from the nice pluses of Chinese tech companies this morning, including its main holding Tencent. In the tech sector, there were also ASML (+ 1.3%) in ASMI (+1,7%) in trek. Informatieleverancier Wolters Kluwer became worth 1.8% more.

Meal Delivery Just Eat Takeaway was initially at a loss, but closed 1.4% higher. Deutsche Bank has lowered its price target for Just Eat Takeaway stock to $100 ahead of its quarterly earnings release Wednesday morning, but has maintained its buy recommendation.

retail property fund Unibail (-2.3%) was the largest decliner among the main funds. Steel giant ArcelorMittal left 1.8%. ING was down 1.6%. The bank sells its consumer activities in Austria.

In the medium-sized funds, trading house Flow Traders with a gain of 1.1% in the lead. The new corona restrictions that many European countries are implementing Air France KLM however, 2.1% lower. Analysts also take into account that European Commissioner Frans Timmermans will come up with environmental measures that affect aviation on Wednesday. In the AMX, real estate fund Eurocommercial (-2.8%) the largest decliner.

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