Despite the relaxation of the corona measures, the French-Dutch aviation combination still suffered a significant loss. Real estate fund WDP and stainless steel maker Aperam also came up with figures. Outside the Damrak, major European companies such as BNP Paribas, Renault, EssilorLuxottica and UniCredit open the books. In addition to the flow of company results, we are looking forward to the figures on economic growth and inflation in the eurozone.
Based on the opening indicators, the AEX index on Beursplein 5 is heading for a lower start of the last trading day in July. Elsewhere in Europe, the markets also seem to be opening with negatives. In the Asian region, major stock markets posted heavy losses on Friday. The Nikkei in Tokyo ended the week with a minus of 1.8 percent. The Hang Seng index in Hong Kong fell more than 2 percent in the meantime. Chinese technology companies, which showed a strong recovery on Thursday, were again hit hard.
Air France-KLM suffered a loss of almost 1.5 billion euros in the second quarter. However, the aviation combination sees bright spots, because bookings are coming in again this summer now that Europeans want to go on holiday and vaccinated Americans are welcome in the European Union. In the third quarter, with the important summer months of July and August, Air France-KLM is expected to fly at 60 to 70 percent of pre-pandemic capacity.
Aperam saw net profit almost double in the second quarter thanks to favorable price developments. CEO Timoteo Di Maulo expects the positive trend to continue in the second half of the year. In addition, Aperam will buy back 100 million euros in its own shares. WDP raised its expectations for the full year after an increase in profits in the first half of the year. The real estate investor will also pay more dividends.
Euronext also released figures after trading last night. The stock exchange operator recorded more turnover and profit last quarter. The operator of the stock exchanges in Amsterdam, Paris, Brussels, Lisbon, Oslo, Dublin and for some time also Milan saw a record number of 62 IPOs in the second quarter. The stock exchange in Amsterdam is a popular market for so-called spacs, or empty stock exchange shells that are set up to invest in other companies or to make takeovers.
The euro was worth $1.1880, against $1.1885 the day before. The price of a barrel of US oil fell 0.8 percent to $73.07. Brent oil cost 0.7 percent less at $75.52 a barrel.
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‘AEX is slowing down after record hunt with a view to aviation’ | Financial
Source link ‘AEX is slowing down after record hunt with a view to aviation’ | Financial