The AEX index ends 0.4% higher at a record closing position of 728.48 points. The AMX is trading 0.4% higher at 1068.47 points.
According to broker IG, it is strange that markets do not bounce back faster in response to that inflation rate of more than 5% increase.
Investors are right to be concerned about the magnitude of inflation
IG expects ‘inflation could spiral out of control this fall. And that could put a lot of pressure on the euro and tech stocks by then,” said analyst Robbert Manders.
“Investors are rightly concerned about the magnitude of inflation; I doubt whether the strong increase in inflation will remain temporary,” says Marc Langeveld, analyst at Econopolis. “The reopening of the economy, with shortages in certain commodities and the rising oil price, are driving inflation up. The inflation increase to 2% as the ECB’s target seems to me to be the bottom line in the coming period.”
Taxi app Didi Chuxing confirms that he is seeking a listing on the New York Stock Exchange, which will reach $70 billion according to US media. This is potentially the largest IPO of the year.
Among the main funds is ArcelorMittal with a gain of 2.2% at the top.
LED lighting producer Signify has 0.7% exchange rate gain. shell trades 0.5% higher.
The share Ahold Delhaize strengthens 0.2%. The supermarket chain received a price target increase from Berenberg from €22.90 to €24. Berenberg maintains the keep advice.
Insurer Aegon sprints and wins 1.3%.
The investment fund prosus sees the price pick up 1%. It expects 48% higher annual earnings per share for the full fiscal year ending March 31.
At the bottom of the main index, meal delivery Just Eat Takeaway (-0.9%) the exchange rate loss, following the acquisition of Grubhub in the United States.
Among the medium-sized funds, AMG is in the lead with a plus of 2.8%.
Newcomer NX Filtration makes a stop. The company from Twente lists 15 million shares at a price of €11, which should yield €165 million for its growth plans.
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Leaning on Arcelor, AEX crosses the line | Financial
Source link Leaning on Arcelor, AEX crosses the line | Financial