Economy

Loss AEX shrinks, ASML and ASMI recover quickly | Financial

The AEX records a 0.4% loss at 654.9 points around a quarter to ten. The AMX is 0.4% lower at 971.9 points.

Stock markets in Asia are recording a loss. The Nikkei loses 0.2%, the Hang Seng falls 0.4%.

Investors are also responding to Prime Minister Li Keqiang’s announcement that Beijing is counting on 6% annual growth for its economy. Economists are disappointed: they counted on an 8% increase.

The first futures for the opening of stock exchanges in New York at half past three are more than 0.6% lower.

Powell confuses

Federal Reserve Chairman Jerome Powell was unable to reassure investors concerned about rising inflation on Thursday. The stock markets then plummeted. The S&P 500 ended 1.3% lower after some recovery.

The iconic US 10-year Treasury yield rose above 1.5%.

The price of Brent oil rose 1.7% after a 5% increase on Thursday to $ 67.90 a barrel, the high in thirty months. Oil cartel OPEC surprised the market by not increasing production. It sees too many uncertainties in demand due to the corona virus.

Randstad is also losing

Loses at the main funds Randstad bottom 2.1%. Retail real estate investor Unibail-Rodamco-Westfield drops 2%. Food delivery person Just Eat Takeaway loses another 2%.

Shell initially benefited from the oil price, but the share price quickly dropped to a loss of 0.5%.

On the plus side are chip machine makers ASML and AMSI with a 0.9% exchange rate gain.

Chemical distributor IMCD rises a fraction.

Listed with medium-sized funds Corbion, which came with quarterly figures, more than 8% lower. ING is disappointed: the company falls short of expectations, also of other analysts.

air France KLM drops with a 4% loss.

On the plus side is liquidity provider Flow Traders 3% higher. Offshore company Boskalis Westminster is picking up at the top with 5.4%.

ICT Group rises 30% at the top of the small caps. In recent days, the share price has already increased by 7%. It announced today a takeover bid of more than € 140 million from NPM Capital, which is supported by ICT’s board of directors.

Bicycle giant Accell is 9% higher on better than expected quarterly figures. ING analyst Tijs Hollestelle, confirming a buy recommendation, rates the annual results as “very strong”. Accell also trumps the average consensus of analysts. Especially the limited debt of € 79.2 versus € 219 million in expectations ING calls favorable in corona time.

Construction company BAM increases 5%. It announces collaboration with

IT service provider Ctac (+ 3.3%) improved its fourth quarter sales by 17% to € 24 million. Its operating result rose 67%.

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