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Profit AEX calves under pressure from ASML | Financial



About a quarter to four, the AEX index was 0.8% higher at 562.4 points. AMX rose 1.2% to 783.1 points.

Elsewhere in Europe, the signs also became less green. Paris and Frankfurt still had small pluses.

In the afternoon, a disappointing figure was released on employment in the American corporate sector. The number of new jobs measured by payroll processor ADP was significantly lower in the past month than economists had expected. According to Stefan Koopman, an economist at Rabobank, it is increasingly apparent in the economic figures that the resilience of the US economy is weakening. He points out that this has further opened the door for Republicans and Democrats to come up with a new stimulus package. “It is important to maintain consumer purchasing power in the United States to avoid further deterioration of macro data for the third quarter.”

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In the morning, the service sector was cleared in several European countries in July after the sharp fall in April and the first stabilization in May and June. Koopman states that tax incentives in Europe will continue to be necessary to limit corona damage this year as much as possible.

Rein Schutte, Investment Advisor at Noesis Capital Management, emphasizes that investors have primarily been supported by better-than-expected operating results and recovery in the European services sector. “A week earlier, there was still fear of an economic downturn, but this week investors have been shaken by the unrest.”

Schutte takes into account that AEX will hardly go into balance this month. “I see little reason why prices will rise sharply if there is no short-term coronary vaccine. On the other hand, there is no major reduction in waiting for the planned US government support package.”

Ahold Delhaize stands out

In the AEX fell Ahold Delhaize still in good taste with a price jump of 5.9% after the highest level ever dropped above € 26 earlier in the day. The food group doubled its earnings during the second quarter and increased this year’s profit forecast. The parent company of Albert Heijn and bol.com once again benefited from consumer protection due to the coronavirus outbreak, as in the first quarter. CEO Frans Muller also stated that Ahold has not made an offer to industry colleague Hema. The increase in the dividend gave the share extra support, says Schutte.

Wolters Kluwer continued to be demand and received 3.8% more. The information provider achieved a turnover of EUR 2.3 billion in the first six months of the year. Organic revenue growth amounted to 3% during the reporting period. Wolters Kluwer did not predict the rest of this year. steelmakers ArcelorMittal also performed well and advanced 3.9%.

ASR received 3.1% according to the insurer’s report resume its dividend and repurchase program. Both have previously been suspended due to the corona crisis, but following an announcement from De Nederlandsche Bank (DNB), it is possible for the listed company to distribute money to shareholders again. ASR will pay EUR 1.20 per share as a special dividend, which is equal to the deferred final dividend in 2019.

Shell rose 1% with a sharp rise in oil prices, which rose to its highest level in five months after an unexpected fall in US oil inventories.

The number of losers gradually increased. telecoms Group KPN fell 1.5%. ASML also had a smaller day with a decline of 1.1%. Heineken slipped 0.7%.

Fertilizer manufacturers stole in AMX OCI the show with a price jump of 8.6%. The company benefited from good quarterly figures from the American industrial colleague Mosaic. Air France KLM skyrocketed 5.9%. The airline was also 5% in recovery on Tuesday. PostNL improved by 4.4% in the wake of rally with Belgian comrades Bpost.

Arcadis (+ 1.5%) announced that they had sold their shares in the Brazilian Sustainable Gas Cooperation Project ALEN to their local partner Porto de Cima Concessões. In December last year, the consulting and engineering company already announced that it would stop investing in the project, as the results were disappointing. Arcadis then made a provision of EUR 85 million. The company is now paying off 6 million euros in debt and releasing part of the provisions. “I am very pleased with the agreement,” said Arcadis CEO Peter Oosterveer. “Once the transaction is completed today, we can finally put this old question behind us.”

Grand Vision led 0.2% at min. The owner of optical chains, such as Pearle and Eye Wish, threw himself into the red during the first half of the year. Due to the corona outbreak, many stores were closed temporarily, which puts a lot on sales. According to the company, however, a solid recovery has taken place since the opening of the branches in different countries. GrandVision still emphasized its support for the deal with EssilorLuxottica despite the legal battle with the eyewear giant.

Atrium European Real Estate (-0.8%) saw their rental income fall sharply during the first half of the year due to the corona crisis. In early May, it became clear that Atrium was suffering from the virus outbreak. The company then indicated, for example in Poland, that it was obliged to reduce rents due to the crisis.


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