Around a quarter to three, the AEX index was 0.3% higher at 560.11 points. The AMX rose 0.2% to 789.16 points.
Investors’ willingness to buy was fueled in the afternoon after the better-than-expected US jobs report. In the past month, 1.8 million were added, against a plus of 1.5 million previously expected. In addition, unemployment fell to 10.2% of the labor force
Furthermore, it is still awaiting the outcome of the negotiations between Democrats and Republicans about launching new corona support, the deadline of which ends today. “With a view to the upcoming elections later this year, both parties have an interest in not allowing the deal to collapse,” said Cees Smit, trader at Today’s.
US President Donald Trump stepped up tensions with China a little further by signing a presidential decree banning US corporate transactions with ByteDance, the Chinese company behind TikTok, and Tencent, the owner of WeChat, in 45 days. Trump fears that the companies will pass on information about American citizens to the Chinese government via the popular apps.
“Trump’s action was in line with expectations. There is an increasing dichotomy in technology between the US on the one hand and China on the other, ”said asset manager Renco van Schie (Valuedge). “Tech stocks have also performed well in China in recent months. It makes sense you saw some profit taking there today. But it doesn’t mean much to Chinese tech companies, because the market in Asia is big enough for them, ”says Van Schie.
Prosus loses, Adyen beams
In the AEX went stock market heavyweight Prosus down with a bloodletting of 4.1%. The originally South African tech investor is a major shareholder of Tencent, which suffered considerable damage on the stock market due to President Trump’s attack on the Chinese company.
Galapagos faced a loss of 1.2%. The biotech fund has more than doubled its turnover in the past six months. This was mainly due to payments from the American partner Gilead. As a result, the Dutch-Belgian biotechnology company was also able to spend more money on research and development and preparation for the marketing of rheumatism filgotinib in Europe. This did lead to a larger net loss of € 166 million.
Steelmaker ArcelorMittal was also in the rear and went down 2%. Royal Dutch Shell yielded 1.6%.
Betalingsverwerker Adyen peaked with a plus of 2.7% above the € 1,500 mark. ASML also did good business, following the optimism among US tech funds, up 2.6%. Industry colleague ASMI became worth 2% more.
In de AMX zat Corbion on the rise with a plus of 2.2%. The specialty chemical company increased its profit forecast for the year. The company, which supplies products to the food industry, claims to be able to achieve good margins despite the challenges of the corona crisis.
Aviation concern Air France KLM (-3.1%) lagged medium-sized funds after the strong recovery earlier this week. Engineering office Arcadis yielded 1.6%.
Offer launched for NIBC
At the small cap funds NIBC 0.3% higher at € 7.33. The takeover bid for the investment bank in The Hague by the American investor Blackstone has officially been launched. The total price tag that Blackstone has attached to NIBC through the Flora Acquisition vehicle is more than € 1 billion, or € 7.53 per share. Initially, Blackstone offered € 9.85, but that offer was cut during the corona crisis.