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Confidence remains in order on Wednesday noon on the European markets after the publication of the euro zone PMI. Wall Street is expected to rise.
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The main European scholarships are rising this Wednesday noon. Private sector activity in the euro area returned to growth in July. The uncertainties about the American recovery plan and the persistence of fears surrounding the health situation are taking a back seat.
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Wall Street Should open on a positive note reading US index futures around 12:45 pm.
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In Brussels, the Bel 20
gained 0.51% around 12:45, the index of continuously quoted stocks showing more confidence (+ 1.16%).
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This is Solvay which leads the way within the Bel 20 with an increase of 4%. ING (+1,5%), Aperam (+ 1.5%) and Telenet (+ 1.3%) follow. ING and KBC (+ 0.9%) publish their quarterly results tomorrow morning.
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Despite a purchase recommendation, Umicore (-1.6%) is red lantern. Ageas gives up 1.2% and Ship 1,1%.
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Cofinimmo, for its part, contracted by 0.2%. JPMorgan has reduced its SIR price target.
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Outside Bel 20, it’s a party for post which soars by 16% after results exceeding expectations and despite the absence of dividend this year. Ahold Delhaize (+ 6.7%) also did better than expected and raised its forecasts.
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Note again the advances of Global Graphics (+ 7.1%) and d‘Exmar (+7,7%).
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Kinepolis (-3,3%), Qrf (-3.1%) and Fluxys (-2.5%) are lagging behind.
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The Belgian actions briefing
>Bpost : Degroof Petercam has raised its recommendation to “buy” against “keep” before. The price target goes from 7 euros to 9 euros.
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>Euronext : ING lowered its recommendation to “keep” versus “buy” before. The price target goes from 96 euros to 102 euros.
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>Ahold Delhaize : Degroof Petercam raised its price target to 27.5 euros against 26 euros before. The recommendation remains to “buy”.
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>Umicore
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* Equita SIM has raised its recommendation to “buy” versus “keep” before. The price target goes from 46 euros to 50 euros.
* Goldman Sachs reduced its target price to 47 euros against 49 euros before. The recommendation remains to “buy”.
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>Cofinimmo
: JPMorgan has reduced its target price to 145 euros against 150 euros before. The recommendation remains to “overweight”.
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>UCB
reports that the European Medicines Agency has approved a label extension for Cimzia for use in patients with axial spondyloarthritis (axSpA) at a reduced maintenance dose of 200 mg every four weeks. The press release.
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>Ahold Delhaize
announces a doubling of its profit in the second quarter compared to the same period last year. The group is also increasing its profit forecast for the whole year. Our article.
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>Ahold Delhaize: KBC Securities raised its price target to 28.5 euros against 26 euros previously. The recommendation remains to “buy”.
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>Bpost
is fully benefiting from the boom in online commerce. The performance of bpost is better than expected in the second quarter thanks to parcels and e-commerce logistics. Radial gave off a positive first Ebit. Our article.
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>Bpost: KBC Securities has raised its recommendation to “buy” versus “hold” before. However, the price target goes from 9.5 euros to 8.5 euros.
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>EVS
crossed, upwards, the threshold of 5% in its own capital, its holding amounting to 5.02% on the date of 1is July.
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>Atenor
has concluded a financing of 80 million euros with Deutsche Pfandbrief and Erste Bank. Lasting 5 years, it covers the three buildings constituting the Hermes Business Campus building complex in Bucharest. The press release.
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> Citadel Advisors reduced its short position on Euronav
going from 0.80% of the capital to 0.77% on August 3.
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>To keep an eye on this Wednesday. Belgium. Xior results after market close. Euro zones. July services PMI indicator 10 a.m. Retail June 11 a.m. USA. Employment in the private sector July 2:15 p.m. June trade balance 2.30 p.m. ISM service indicator July 4 p.m.
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