Business KPN leads red Damrak | Financial

KPN leads red Damrak | Financial

-

The AEX index lost 0.9% at 572.1 points around 2 p.m. The AMX index lost 0.6% at 768.3 points.

In the Netherlands, one historical unemployment rise on the table. In addition, the European statistics agency Eurostat reported an almost 30% drop in exports in May.

Elsewhere in Europe, the German DAX fell 0.7%, online store Zalando (+ 5.2%) stood out because of good sales, the British FTSE 100 lost 0.5%, the CAC-40 fell 0.8%.

Chinese GDP recovered by 3.2% last month, according to analysts. However, major retail sales were down 1.8%, which was on the rise. This led to profit-taking, which according to ING is quite normal after the sharp increase recently.

The New York Times also reported that Washington is going to freeze accounts of Chinese party leaders, sparking fires under the trade feud. President Trump reported on Wednesday that he does not need the second phase of the trade agreement.

Wall Street closed with a profit on Wednesday evening. The Dow-Jones index ended 0.9% higher at 26,870.10 points. Technology degree meter Nasdaq climbed 0.6% to 10,550.49 points.

Futures for the opening of the New York Stock Exchanges at 3:30 PM are down 0.8% for the Dow Jones, but 1.4% for the Nasdaq.

The European Central Bank left its benchmark rates unchanged.

The euro lost 0.2%. Brent oil went down 0.5% after Wednesday’s OPEC meeting. Demand for oil will fall less than expected in 2020, according to ABN Amro oil specialist Hans van Cleef. Even with economic growth, the current barrel price of $ 43.55 will not go above $ 45 on average by the end of this year, he says. ABN sees too many ‘downside risks’.

ASML recovers

Heineken started with a 5.9% loss and later dropped to -2.7%. Based on provisional figures, the brewer said that turnover fell by 16.4% in the first half of the year. The beer volume decreased by 11.5%. The brewer depreciated € 550 million, leading to a loss of € 300 million in the first six months of the year.

Analysts were mixed. The operating result was particularly disappointing, according to investment banks KBC Securities and Kepler Cheuvreux. But Jefferies highlighted the good recovery during the second quarter with an eye on cost control. Kepler praised revenue retention. The stock then recovered slightly. KBC lowered the price target from € 95 to € 90.

Investeringfonds Prosus lost 2.6% profit, Philips went down by 2%, and biotech fund Galapagos– Wednesday day winner – fell 2.7%.

Few winners in the AEX. Wolters Kluwer won a few tenths. KPN plussed with 0.2%.

Chipmachinemaker ASML went down -0.4% after Wednesday’s strong loss. ASMI fell by 0.6%. Sector peer TSMC reported 81% more profit in the second quarter. ING increased the target price for ASML increased from € 350.00 to € 400.00, with an unchanged purchase recommendation.

Real estate was also popular with medium-sized funds: NSI (+ 2.1%) in Eurocommercial Properties (+ 2%) headed upstairs.

Real estate fund WDP (-0.1%) enables further growth in Romania with the help of a new € 150 million financing package. Analysts at KBC Securities concluded that the new loan is seen as positive news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

ONLINE: On Thursday, the most cases of coronavirus increased in the Czech Republic since the beginning of April

The highest daily increase in covid-19 cases occurred on March 27, when there were 377 more infected, and the...

Fortnite: here’s how to install the banned app

Fortnite, the famous battle royale of Epic Games, was banned from the App Store and the Play Store on...

BMW show, here is the most powerful Dragster ever

ROMA - Bmw Motorrad, just a few...

Auvergne-Rhône-Alpes: one in three infected people is under 30

The strongest spread of the virus within the young population is confirmed in the region, according to the latest...

Fans are all set with Netflix series ‘Avatar: The Last Airbender’

Now that the creators of the animated series have left, they no longer believe in it at all. Michael Dante...

Must read

You might also likeRELATED
Recommended to you