Arcadis pops up at sunny fair | Financial


At 11 a.m., the AEX was 0.6% higher at 567.9 points. The AMX rose 0.8% to 776.6 points.

Elsewhere in Europe, the mood was also positive. The British FTSE and the German DAX gained 0.5% and 0.6% respectively. French CAC 40 lost 0.1%.

Most Asian stock exchanges gained ground this morning. The Japanese Nikkei index lagged with a 0.3% lower lock.

Index futures pointed to a flat to slightly higher opening of the US stock markets at 4:30 PM, after gains of 0.4% to 1.7% on Monday. Moderna jumped up after announcing that she would start a so-called Phase 3 study of a potential corona vaccine. This also helps the overall mood on the exchanges. The fact that the number of new corona infections and deaths in the US fell on Monday also provided support.

Meal delivery service went to the Dutch main funds Just Eat Takeaway with a 2.7% profit. Shell followed with an increase of 1.9%.

Medical technology company Philips won 1.2%, following a buying advice from Sociéte Générale.

KPN rose 0.2%. On Monday, the telecom company was still struggling in response to a disappointing quarterly report.

The payment service provider sprayed up this year Adyen was at the bottom with a minus of 0.9%.

Banks also lagged following the formal request from the European Central Bank not to distribute dividends or buy back own shares until at least the end of the year.

ABN Amro also suffered an advisory cut by UK investment bank Redburn to hold and lost 0.6%.

ING (-0.1%) is forced by the corona crisis to depreciate about € 300 million on goodwill. Degroof Petercam saw no reason to adjust its price target, as this one-off write-off is not charged to the capital reserve from which the dividend must be paid.

The medium-sized funds excelled Arcadis with a plus of 17.3% off. The consultancy and engineering firm was able to withstand the corona crisis in the second quarter thanks in part to solid cost interventions. Various banks increased their price targets and / or advice in response to the better than expected message.

Iron climbed 5.2%. The supplier to the chip sector recorded solid revenue growth in the second quarter, mainly thanks to the pick-up in growth from China. Investment bank Bryan Garnier took advantage of the positive message to increase the advice to buy.

Trading house Flow Traders, which relies on mobility on the stock markets, was behind with a loss of 2.7%.

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