Economy

Shell runs smoothly on a sunny stock exchange | Financial

At around 9.10 am, the AEX index is 0.7% higher at 658.4 points. The AMX rises 1.3% to 979.4 points.

However, Asian markets showed predominantly losses on Monday, despite very strong growth in Chinese exports. China’s exports increased by more than 60% in the first two months of the year. That was the strongest growth in more than twenty years.

In Washington, the US Senate on Saturday approved the $ 1,900 billion bailout package proposed by President Joe Biden. The billions are intended, among other things, for vaccines and financial emergency aid for the unemployed, companies and local authorities. The plan now goes back to the House of Representatives, which will vote on the package on Tuesday.

After Friday night’s vigorous recovery, the US stock markets are expected to open in the red this afternoon. A 0.2% lower opening is foreseen for the Dow Jones index, while tech exchange Nasdaq is likely to be 1.5% lower from the starting blocks.

In the AEX Royal Dutch Shell the leader with a plus of 2.2%. The energy giant is benefiting from the oil price which rose to over $ 70 this morning. It is the first time since May 2019 that a barrel of crude oil from the North Sea has exceeded $ 70. The price hike came after a drone attack on Saudi oil installations by Houthi rebels. Optimism about the economy and production constraints by oil cartel OPEC is also driving oil prices. Steel manufacturer ArcelorMittal is also worth 2.2% more.

Tech investor Prosus (-1.9%) is the biggest loser in the main funds. Food giant Unilever loses 0.2%.

Bee Heineken (+ 0.1%), financial top executive Laurence Debroux passes the baton after six years. She will be succeeded by Harold van den Broek at the brewer on 1 June. It comes from cleaning agent giant Reckitt Benckiser.

There is a soil researcher in the AMX Fugro (+ 3.4%) the largest riser. Flow Traders (-0.5%) is also in the spotlight. The corona year 2020 has resulted in a bonus party for the flash trader. The two top executives of the company, which benefited greatly from the turmoil in the financial markets, will each receive a bonus of € 7.7 million.

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