Chips in demand on strong stock market | Financial

The AEX closed 1.3% higher at 567.2 points. The AMX advanced 0.9% to 849.8 points.

Elsewhere in Europe, the mood was less buoyant. The British FTSE 100, the German DAX and the French CAC 40 won 0.7%, 0.1% and 0.7% respectively.

When the European stock markets closed, the Dow Jones index had gained 0.4% and the Nasdaq index 1%.

The ongoing price rises primarily attributes investment strategist Wim Zwanenburg of Stroeve & Lemberger to optimism about the earnings season. “Samsung and chipproducent NXP the past few days came out with better than expected reports. The price targets and profit estimates for companies have also recently been adjusted upwards, which means that the bar has been raised. I do think that many CEOs will keep a tight eye in their prospects, because of the increasing number of corona infections. ”

Zwanenburg also points to the on balance better than expected economic reports of recent times. “The confidence indicators are generally good. This morning there was also a good figure about the Chinese services sector out. ”

Today’s Beheer director Cees Smit is less positive. “The number of corona infections is still increasing, there is no clarity about Brexit and the US elections are creating uncertainty. I also remain skeptical of the stories of new stimulation in the US. There is still no deal and the $ 1,200 per capita mentioned is not very high either. But investors are especially interested in the good news, such as an envisaged major takeover by chip manufacturer AMD. ”

Zwanenburg also has little confidence in a speedy agreement on additional support measures for the American economy. Donald Trump locked things up early this week and then came out with different voices. The fighting cocks are so fiercely opposed to each other that I don’t think an agreement will be reached quickly. ”

Shell looks up again

In the AEX ended ASMI with an advance of 3.2% in the lead. The supplier to the chip sector benefited from the positive reports from the chip sector and an increase in advice towards buying by Kepler Cheuvreux.

Prosus rose 3.1%. On Thursday, the tech investor lost ground as the US government is considering tackling its by far most important stake, Tencent. KPN followed with an increase of 2.8%.

RD Shell climbed 1.9%, continuing the recovery from the low point in about twenty-five years at the end of last week. Zwanenburg remains cautious for the long term. “The decline in demand continues, there is an abundance of oil and the greening is also affecting Shell.”

Ahold Delhaize won 0.9%, although the American Jefferies took the supermarket group off the buy list.

DSM picked up there 0.8% with. Irish Davy Research has raised the advice for the fine chemicals group from ‘hold’ to ‘considered’.

ABN Amro and steel giant ArcelorMittal ended with minuses of 2.1% and 1.5% respectively at the bottom.

Starring Besi

The supplier to the chip sector excelled in the medium-sized funds Iron with a plus of 6.9%, thanks to the good news in the sector and a buy recommendation by Kepler Cheuvreux.

Basic-Fit strength 4.7%. Investors apparently assume that the fitness chain should not close its doors again in the Netherlands.

Air France KLM ended with a minus of 2.8% at the bottom. The airline had recently recovered somewhat from an all-time low.

The local market declined Euronext 4.4% after the announcement of the acquisition of the Italian stock exchange. According to analysts at ING, Euronext is somewhat cautious with its estimates of the cost benefits of the acquisition.

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