Economy

Losses AEX drops with profits for Unibail, Relx and Prosus | Financial

The AEX records a 0.8% loss at 3.15 pm at 658.3 points. The AMX drops 0.5% to 977.6 points.

The UK’s FTSE 100, the German DAX – where Volkswagen is up 4.5% after reporting profit halving to € 10 billion – and the French CAC 40 are running 0.9%, 1.1% and 1.4% respectively.

Germany reports that it expects up to 3% GDP growth this year, which is 1.4% lower than Minister Altmaier (Economic Affairs) expected. UK retail figures hit an all-time low.

In Asia, the Japanese Nikkei is closing 0.5% lower, the Shanghai index has lost 0.4%.

“There is relatively little volume in the market. Investments are also cooling because of some profit-taking, especially with tech funds, ”says investment adviser Rein Schutte (Noesis). “ASML and ASMI are about 2% lower, but were just as good at double-digit gains this year.”

New York to loss

Index futures point to a 0.5-0.8% lower start of the US stock markets, after the net small pluses on Thursday.

Intel published better-than-expected quarterly figures. But the plans for the future did not appeal to investors, as a result of which the chip manufacturer lost solid ground in the aftermarket. Schlumberger, the oil services provider, trumped expectations for its quarterly earnings.

Today’s agenda includes preliminary US purchasing data for January from industry and services. In addition, the sales of existing houses in December and the weekly oil stock level.

Brent oil weighed heavily on the mood with a 2.4% loss to 54.80 per barrel. The euro gained a fraction at $ 1.2173, bitcoin was worth 3% more at $ 31,644. The fee for the 10-year US Treasury bond is slightly lower at 1.090%, the Dutch yield -0.438% and the German bund -0.507%.

Galapagos and Randstad lower

The Dutch main funds have a temporary employment agency Randstad with a minus of 3% behind biotech fund Galapagos (-3.9%).

Shell is the most traded share of 2.6%, influenced by the fall in oil prices.

The US president has in mind a ban on new oil and gas extraction for federally managed land. Good for 10% of production, but 25% of CO2 emissions. However, large oil companies have plenty of permits on the shelf, according to Reuters.

Tech Fund ASMI (-3%) and heavyweight ASML (-1.8%) pull the index down.

The banks ABN Amro and ING losses 2% and 1.8% respectively.

Just Eat Takeaway keeps the loss after the nice plus on Thursday to 0.5%, after a price target increase to € 156 by the US bank Citigroup.

Despite a hefty target price cut to € 54 by Deutsche Bank stands Unibail-Rodamco-Westfield again 2.5% higher. The retail property investor had collapsed on Thursday. Deutsche Bank lowered the target price from € 70 to € 54, with an unchanged advice.

Tech investor Prosus and data provider Relx are behind it with profits of 1.4% and 2% also positive.

Air France KLM hit

In the case of medium-sized loses funds Air France KLM another 4%. The new cabinet measures hit the airline hard.

Soil researcher Fugro follows with a fall of 2.9%.

PostNL increases 1%. ING raised the target price from € 3.85 to € 4.35 with an unchanged buy recommendation. Degroof Petercam also increased the target price, from € 3.40 to € 4 with continued buy advice. His analyst sees his optimism confirmed in the preliminary annual figures. He expects structurally higher parcel volumes now that consumers are getting used to home shopping.

GrandVision wins 0.4%, on news that fourth-quarter revenue decline was limited thanks to strong online sales.

The company behind optical chains such as Pearle and Eyewish expects the takeover by eyewear giant EssilorLuxottica to be completed in the first half of the year.

Altice Europe climbs 1%. The cable and telecom company disappears from the stock exchange, because founder Patrick Drahi has acquired more than 95% of the shares.

Better Bed gains 0.4% on the local market, on the news that turnover increased in the fourth quarter.

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