The AEX index ended 1.2% higher at 566.48 points. The AMX rose 0.5% to 759.76 points. The price boards in London (+ 0.2%), Paris (+ 0.9%) and Frankfurt (+ 0.5%) also turned green.
According to wealth strategist Simon Wiersma (ING), stock prices were on the rise thanks to confirmation that central banks such as the US Fed continue to provide support, while investors also hope for more stimulus from governments. Tuesday’s macro data from the US also gave hope for a stronger-than-expected economic recovery. These factors are enough to drown out all the negative things at the moment, such as fears of a second corona wave and geopolitical tensions. ”
The current volatile stock market trading with strong increases one week and sharp drops the next week resembles a “kangaroo market”, Wiersma emphasized. “You can continue to expect this volatility for the time being.”
The American stock exchanges showed a divided picture at the end of the afternoon. The Dow Jones index was down 0.4%. Tech fair Nasdaq climbed 0.4%.
Investors are focused on the Bank of England on Thursday. The big question is whether the central bank will comment on negative interest rates, emphasizes Jordan Rochester from investment bank Nomura. Earlier this month, Andrew Hauser, Head of Markets at the Bank of England, said negative interest rates will not materialize in Britain for the time being. These would be too detrimental to the profitability of British banks.
In the AEX went Adyen in the lead with a plus of 3.4%. The payment service provider reached a new price record of € 1288.50. The payment service provider went public in 2018 at a price of € 240.
ASML (+ 3%) also tapped a course record. The share price of the chip machine manufacturer peaked at € 325.75.
Galapagos advanced 2.4%. Just Eat Takeaway won 2.2%. Bank of America resumed following the meal delivery business with buying advice, including a price target of $ 100.
Royal Dutch Shell lost 1.1%. ING expects the oil and gas group to receive the dividend is not going to increase the coming years. ABN Amro (-1.6%) was the last person in the main funds.
Shot in the AMX PostNL Up 18%. In the trading update, the postal company became much more positive about the current financial year. The parcel delivery performed better than expected. Because of the corona measures, many people are at home and also order more online. Degroof Petercam gave buying advice for the PostNL share.
Lighting company Signify took 2.1% profit. A special type of UV light from lamps from the Dutch lighting company has proven effective in disabling the new corona virus in offices.
Aviation concern Air France KLM (-3.9%) was the largest fall among medium-sized funds. Air France would be working on it a voluntary departure scheme for 8,300 employees.
Technology company Nedap (+ 5.7%) expects a slight decrease in turnover in the first half of this year due to the corona crisis, with a stronger decrease in the operating result.
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