The AEX closed 0.7% higher at 576.7 points after peaking at 580.7 points this morning. The AMX finished flat at 775.2 points.
The other European stock exchanges performed less well. The British FTSE 100 closed 0.1% higher and the German DAX ended unchanged. The French CAC 40 lost 0.1%.
At the close of the European stock markets, the Dow Jones index and the Nasdaq index were 0.3% lower.
The news that 1.4 million Americans filed for unemployment benefits last week, compared to 1.3 million, was depressed. For ING investment strategist Simon Wiersma, this is confirmation that the American labor market is not yet doing well. “Some 32 million Americans receive unemployment or other benefits. Many support packages will end at the end of this month. It is certain that something will take its place, but it will probably be smaller than it is today. This could slow the recovery of the US economy. “
The stock markets held up fairly well, thanks to the better than expected quarterly figures that were released last night and this morning. “Several companies passed the stress test better than expected. And by that I mean the second quarter. This certainly applies to Unilever, which achieved a better profit margin, ”says director Koen Bender of Mercurius Vermogensbeheer.
He emphasizes that investing is about the three D’s. “First of all expensive over time. Invest for the long term and don’t try to time. In addition, diversity or spread. Don’t just invest in a company like Adyen, although it is now doing great on the stock exchange and as a third draft. See if you want shares in Shell, for example. The business model is wrong if you are so dependent on the actions of the Russian President and the Saudi Crown Prince. And which company is going to borrow to pay out dividends? So the dividend payment that was high until recently could not be sustained. ”
In the AEX was a food and detergent producer Unilever the star with a price jump of 7.8%, in response to the better profit. Also the announcement of the divestiture of the majority of the tea business, including the Lipton brand, was well received by investors.
Steel manufacturer ArcelorMittal advanced 2.5%.
Relx with a minus of 3.3%, was the largest fall in the main funds. The information and data group had a lot of problems in the first six months from canceling trade fairs. Sales decreased by 10% and operating profit decreased by 29%.
The insurers ASR, NN Group in Aegon also struggled with minuses of 1.9%, 1.9% and 1.5% respectively.
In the AMX ended Signify with a 4.3% profit. The lighting producer will publish quarterly figures tomorrow.
Aalberts won 3.4%. The industrial supplier made considerably less profit in the first half of the year, but orders and sales have recovered since the last week of May. According to Aalberts, there was a ‘solid cash flow’ and the order book at the end of June was again at a higher level than last year.
Glasses and contact seller GrandVision climbed 0.2% to € 24.50. The deadline for the European competition investigation into the acquisition of the parent group of Pearle and EyeWish by eyeglass manufacturer EssilorLuxottica has been suspended until further notice. Brussels reportedly wanted to give the green light to the takeover only when shops are divested. EssilorLuxottica, which owns the Ray-Ban and Oakley brands, announced last weekend that it would go to court to learn more about how GrandVision is addressing the corona crisis. EssilorLuxottica has so far offered € 28 per GrandVision share. But analysts take into account that the buyer will lower the offer or will completely abandon the takeover.
The real estate funds Eurocommercial Properties in NSI were the biggest losers with minuses of 3.5% and 3% respectively.
Smallcapfonds Sligro The first half (-0.8%) closed with a net loss of € 72 million. Because catering establishments had to close the doors as a measure against the new corona virus, that sales market was largely lost to wholesalers. The opening of wholesalers to consumers could not compensate for that loss for Sligro.
Real estate fund Wereldhave lost 4.8%, in response to Moody’s downgrade in credit standing.
Shot in the local market Better Bed Up 13.8%. The bedroom specialist published better than expected quarterly figures at the end of last week.
Marel won 3.2%. The Icelandic maker of meat and fish processing machines managed to maintain the half-year profit reasonably well, thanks to cost interventions.
Core Labs (+ 2.7%) was struggling last quarter with low oil prices and the corona crisis. The oil service provider therefore does not yet give any expectations for the rest of the year. Core Labs does expect to get a little more work in the second half of the year.
Hydratec Industries fell 2.2% in response to the publication of its quarterly report.
Red Microtec closed unchanged, after the publication of a six-month loss. According to the chip supplier, there was less demand from customers due to the corona crisis.
Value8 rose 0.2%. The investment fund of Peter Paul de Vries achieved a modest positive result in the first half of the year.
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