After Thursday’s significant loss, the AEX index stood at a plus of 0.4% around 11.30, with 554.88 points. The midcap index fell 0.2% to 823.6 points.
Elsewhere in Europe, the picture is less positive: London’s FTSE100 is down 0.5%, in Paris the CAC40 is down 0.4% and in Frankfurt the DAX index is unchanged from Thursday’s closing.
Investors are still keeping an eye on developments around the coronavirus. The number of people worldwide who have been diagnosed with the coronavirus has now exceeded thirty million. Most infections have been diagnosed in the United States. The number there stands at more than 6.6 million. The global death toll is over 942,000. More than 1
Attention is also paid to the technical battle between the United States and China. US President Donald Trump does not want the Chinese technology company ByteDance to have a controlling interest in the US branch of the video app TikTok. ByteDance recently signed an agreement with the American software company Oracle. He suggested handling US data. ByteDance would also house all of TikTok’s operations in an American company.
Rein Schutte, investment adviser at Noesis Capital Management, emphasizes that the outcome of options trading plays a role in price movements at Damrak. He points out that the technical funds in particular are in demand again after the sales pressure arose the day before. “During this news period for companies, many investors have already positioned themselves for the fourth quarter. Technically, the headrest for AEX is 530 points. If you break this limit, the door opens to 500 points. There is no good reason to look up, but there is also no reason to be very gloomy, despite the upcoming debates between US presidential candidates Trump and Biden, which may have an impact on sentiment from the end of September. In addition, it is still exciting if there will be new corona support in the US. ”
Unibail down again
In the AEX had ASML tailwind. The chip machine manufacturer won 2.1%. Other technical funds also did well. Leader Adyen thickness 3.9% while ASMI 1.5% higher.
Chemicals distributor IMCD welcomes investors with the acquisition of a Finnish supplier of fiber-reinforced plastics and composites. The company is rewarded with a 3.5% higher share price
The chemical agents Akzo Nobel in DSM both became 1.4% more valuable.
Shell (-0.6%) Unilever (-0.7%) on the other hand lose. The bitten dog is again Unilbail-Rodamco-Westfield.
After Thursday’s boom, another 14% of the real estate company’s market capitalization will be deducted. The share is just over € 30, a historic low. According to Schutte, Unibail itself has brought uncertainty to the market due to doubts about the share issue. “Shortsellers could take their chances.” Midkapper Eurocommercial properties shared in the disease in fell 4.7%.
In the Midkamp index went IRON 1.4% forward.
On the other hand, Air France meets KLM 4.6% lost, Fugro drops 2.4%.
Shareholders’ shareholders Euronext are pleased that the company is able to hold exclusive talks on the acquisition of the Milan Stock Exchange. The fact that new shares are issued in this context obviously makes little difference, as evidenced by the 3.9% higher price.
In Madrid, the banking sector is in focus. The boards of the large Spanish banks Caixabank and Bankia have approved the merger between the two banks. This creates the largest lender in the country, with more than 20 million customers and assets of more than 650 billion euros. Bankia was rescued by the government in 2012 with a rescue package of more than 22 billion euros.