Recovery rally on European stock markets |


Published on 11 augustus 2020 11:44 |
Views: 4.615| Subjects: Europe

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AMSTERDAM (AFN) – The European stock markets gained considerable ground on Tuesday. The hopes for a recovery of the global economy after the corona crisis and a possible new round of stimulus for the US economy caused a rally on the stock exchange floors. Investors also processed President Vladimir Putin’s claim that Russia was the first to develop a vaccine against the corona virus. TKH had to suffer on the Damrak after disappointing prospects from the technology group.

The AEX index on Beursplein 5 made a gain of 2.1 percent at 568.56 points around noon. The MidKap also rose 2.1 percent to 814.61 points. The stock exchanges in Frankfurt, London and Paris thickened to 2.8 percent.

The big winner among the Amsterdam main funds was real estate group Unibail-Rodamco-Westfield with a profit of 9 percent. The financial companies ING, ABN AMRO and Aegon followed with pluses of more than 4 percent. Payment company Adyen was the only one to fall with a minus of 0.1 percent. In the MidKap, soil researcher Fugro benefited from an advice increase by ABN AMRO and led the way with a plus of 5.7 percent.

TKH bottom of the league

TKH Group (minus 2.6 percent) was the last among medium-sized funds. The technology company feels the corona crisis in its results, but was able to keep the damage in the first half of the year somewhat limited, partly thanks to lower costs. TKH does expect that the current economic uncertainty and its impact on the activities will continue in the second half of the year.

In Frankfurt, HelloFresh thickened 3.5 percent. The German meal box delivery company benefited fully from the corona crisis and posted record results in the second quarter. The company also raised its expectations for the whole of 2020. Industry colleague Just Eat Takeaway, who will publish figures on Wednesday, won 1.7 percent in Amsterdam.

New customers for Zalando in corona time

Zalando climbed 2 percent. The German webshop saw the number of customers grow significantly in the past quarter. Due to the virus outbreak, more people shopped online. European automakers were in demand thanks to picking up Chinese car sales in July. BMW, Daimler and Volkswagen rose to 5 percent in Frankfurt and Renault won 4.6 percent in Paris. In Copenhagen, Vestas increased in value by 6.5 percent thanks to strong growth in the world’s largest windmill builder in the past quarter.

The euro was at $ 1.1779 against $ 1.1789 a day earlier. A barrel of American oil became 1.3 percent more expensive at $ 42.49. Brent oil climbed 0.9 percent in price to $ 45.41 a barrel.



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  1. What stupid bullshit. “The hope for a recovery of the global economy after the corona crisis”

  2. Russia says it has a corona vaccine: everyone euphoric!

  3. Recovery rally, of which recovery? Big bullshit, there is no reason whatsoever.

  4. You should never take these kinds of messages seriously. If the stock markets were in the red, the explanation would have been that the stimulus measure had not yet been approved or that the number of corona cases is increasing worldwide. In other words, there is always something going on around it.

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