Philips and Unibail drive AEX profit | Financial


The AEX index recorded a 1% profit at 573.5 points. The AMX lost power and was up just 0.2% at 844.2 points.

Elsewhere in Europe, the UK FTSE was up 0.8%, as did the German DAX and French CAC 40 up 1.1%. Dairy group Danone intervened after disappointing sales and rose 2.5%.

In Asia, the Nikkei closed with a 1.1% gain. Japanese exports fell less sharply than feared in September. The growth of the Chinese economy remained robust at a 4.9% increase in the third quarter, although slightly lower than expected.

Chinese retail sales and industrial production grew faster than anticipated in September.

Stock exchanges in New York open 0.5% to 0.6% in the plus when opening at 3.30 pm according to the futures. Quarterly figures from IBM and Halliburton are on the agenda.

Positive sentiment on Wall Street was fueled after Democratic Speaker of the US House of Representatives Nancy Pelosi declared she was “optimistic” that a deal could be struck with Republicans on an additional corona support package.

Investors were concerned about the increasing number of corona victims, said Salah-Eddine Bouhmidi, head of markets at broker IG. But that was offset by “astonishingly good global economic data,” which offers a bottom line.

Brent oil became 0.4% cheaper at $ 42.75 a barrel. The euro fell a fraction to $ 1.1714.

In the bond markets, investors are anticipating an extension of the European Central Bank’s so-called PEPP purchase program, which takes into account a rate cut.

Philips leads AEX

Healthcare technology group Philips gained 3.3% after better sales and profits in the third quarter. It mainly benefited from increased demand for respiratory equipment due to the corona crisis. CEO Frans van Houten reported that he anticipated steady growth.

“We see an acceleration of the strategy as a result of covid to organize hospital care differently,” he explained at BNR. According to Van Houten, the profit can increase by 60 to 80 basis points per year in the coming years. Strong sales of electric toothbrushes and household appliances strongly boosted sales in the consumer segment. There is “interest from several potential buyers”, says Van Houten. The planned sale will be “completed next year”.

Retail real estate fund Unibail-Rodamco-Westfield after a strong performance last week, became worth 2.6% more.

Payment processor Adyen won 1.6%. Financial institutions like ING, ASR in Aegon also made a profit.

Meal delivery Just Eat Takeaway left the index 0.5% at the bottom of the index after a strong gain last week.

Soil researcher went to the medium-sized funds Fugro met Air France KLM at 2.5% profit in the lead.

ForFarmers sought after.

Cattle feed company ForFarmers (+ 4%) took over industry peer De Hoop Mengvoeders. Financial details of the small cap fund deal were not provided.

Service provider to the oil and gas industry Core Laboratories announced that it had issued bonds worth € 60 million.

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