ING topper on sunny election day | Financial

ING topper on sunny election day | Financial
ING topper on sunny election day | Financial

The AEX was 1.4% higher at 551.5 points after eleven o’clock. The AMX climbed 2.2% to 809.2 points.

The other European stock markets also continued the strong recovery that started on Monday after a few weak weeks. The UK FTSE 100, German DAX and French CAC 40 climbed 1.7%, 2% and 1.9% respectively.

Index futures pointed to a 0.9% to 1.5% higher opening of the US stock markets at 3:30 pm, following gains of 0.4% to 1.6% on Monday.

Investors have pinned their hopes on Joe Biden. He is ahead of the national polls and is in favor of a larger corona support package for the US economy. The election results in the United States will arrive in phases tonight, partly due to the fact that voting by post is more frequent this year. It is therefore uncertain when the final result is known. President Donald could also contest the result in the event of a loss.

Went to the Dutch main funds ING and steel producer ArcelorMittal with pluses of 4.1% in the lead.

Galapagos won 3.7%. The biotech company may submit an application for authorization from the European Medicines Agency for its drug filgotinib for the treatment of chronic inflammation of the intestines.

Shell climbed 2.5%, after being put on the buy list by the American bank Morgan Stanley. Since the figures were published last Thursday, the energy giant has been on a strong recovery.

Specialty chemical company DSM gained 2.2%, after the publication of better-than-expected quarterly figures.

Meal delivery company Just Eat Takeaway was at the bottom with a minus of 1.1%.

The medium-sized funds went Basic-Fit with a plus of 6.2% in the lead. Investors are relieved that the cabinet is not going to temporarily close gyms again. Soil researcher Fugro, which comes with a share issue in December, followed with an increase of 6%.

Air France KLM rose 4.2%. Investors continued to assume that the cabinet will come up with the full support package of € 3.4 billion for KLM, although the VNV pilot’s union has still not signed up to give up salary longer.

The manufacturer of electromagnetic components included in the AScX index Kendrion fell 0.8%, as revenue in the third quarter fell more than expected.

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In de podcast Matter of CentsWho better to pull the US economy out of the doldrums: President Trump or his challenger Joe Biden?

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