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After an indecisive start to the session, the European markets finally took the path to the rise at mid-session supported by the good performance of US index futures which point to a positive opening on Wall Street.
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The main European scholarships are moving up this Wednesday at noon despite doubts about an agreement in the United States Congress on new measures to support the American economy, weakened by the coronavirus crisis.
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Wall Street Should open sharply higher on reading US index futures around 12:30 pm.
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In Brussels, the Nice 20
was 0.53% around 12:30, with the index of continuously quoted values in tune (+ 0.50%).
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Telenet leads the hikes with a gain of 3.1%. Banking ING (+ 1.8%) and KBC (+ 2.6%) benefit from the positive reception on the stock market of the results ofABN Amro
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For his part, Ageas which benefited from a new buy recommendation increased by 2.6%.
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Aedifica , For its part, is red lantern (-1.4%). Galapagos whose target was lowered, yielded 1.3%. Note again the fold of Cofinimmo (-1.1%) andAvH (-1,1%)
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Excluding Bel 20, Avantium lost 4.8% in the wake of its half-year results. Keyware contracts by 4% just like Montea.
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At the top of the table, we will retain the performances ofAdvicenne (+ 5.6%), of Bone Therapeutics (+ 4.6%) and Vastned Retail (+2,7%).
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The Belgian actions briefing
>Umicore
: UBS reduced its target price to 33 euros against 35 euros before. The recommendation remains to “sell”.
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>Ageas
: Berenberg raised his recommendation to “buy” versus “keep” before. The price target goes from 45.9 euros to 46.90 euros.
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>Solvay
: Morgan Stanley begins monitoring the value with a recommendation to “neutral” and a target price of 76 euros.
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>Galapagos
: Credit Suisse reduced its target price to 157 euros against 166 euros before. The recommendation remains at “neutral”.
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>Jensen
saw its half-year revenues drop 27% to 130.1 million euros due to the impact of Covid-19. Operating income slipped 86% to 2.4 million and net profit 87% to 1.5 million. The press release.
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> For the first six months of its fiscal year, Zenitel
posted revenue down 3% to 36.8 million euros. The communication group is therefore resisting the crisis linked to Covid-19. Our article.
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>Avantium
saw its revenues drop from 7.1 million euros to 8.8 million in the first half. The net loss fell somewhat to 11 million from 12.6 million a year earlier. As of June 30, its cash amounted to 34.7 million euros compared to 45.4 million at the end of December. Our article.
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>To keep an eye on this Wednesday. Euro zones. Industrial production June 11 a.m. USA. Inflation July 2:30 p.m. Cisco Results.
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