Economy

Damrak: Unibail pops 25% up | Financial

The AEX index quoted around 9:30 am, after a 3.7% gain on Monday, 0.2% lower at 590.9 points. The AMX fell 0.6% at 853.5 points, small cap index AScX rose 1.5%.

Stock markets actually revived in Europe. The German DAX index gained 0.2%, the UK FTSE 100 rose 0.8% and the French CAC-40 returned 0.6%.

In Asia, the Nikkei 225 closed in the morning with a 0.3% gain. Companies badly hit by the corona crisis, such as the airlines Japan Airlines and ANA holdings, were in demand. Cathay Pacific gained 13% in Hong Kong. Many large technology companies that have benefited from working from home have come under pressure.

On Wall Street, the Dow Jones index ended 3% higher on Monday evening. The first futures to open the markets in New York at 3:30 pm were split: technology funds in the Nasdaq will again go into the red, while the Dow Jones and S&P 500 index are heading for profit.

The euro rose 0.1% to $ 1.1826. Brent oil fell 0.8% to $ 42.10 a barrel after gaining nearly 10% Monday. In the interest market, the fee went for a US 10-year Treasury bond

Unibail strong

Shareholders reported from the main funds Unibail-Rodamco-Westfield a victory. Large funds, two activist shareholders as well as the Association of Stockholders voted against the proposed share issue at € 3.5 billion. The stock shot up 25%.

Tech stocks also recorded a loss. The tech investment fund Prosus 5% traded in the red, chip supplier ASMI lost 4.5%, payment processor Adyen, which opened a branch in Dubai, lost 3.3%.

Insurer noted on the plus side Aegon top 2.4% profit, ING became 1.7% more expensive after it announced that ING Bank will buy back bonds. ABN Amro became worth 1.3% more.

Energy and gas concern Shell rose 1%. Telecom concern KPN thickness by 0.9%.

Biotech Fund Galapagos (+ 1%) stated that it had treated its first patient in a pilot phase with its drug candidate GLPG3667, an anti-psoriasis agent.

Real estate fund excelled in medium-sized funds Eurocommercial Properties with 7.5% profit. Air France KLM decreased by 1.1%.

Chip supplier noted at the bottom Besi from Pigeons with a 2.7% loss.

Trading house Acomo (+ 4.8%) in small caps reported the acquisition of a distributor of organic products for € 330 million, expanding its international network.

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