The AEX index is up 0.8% at around a quarter past twelve at 766.2 points, a tightening of the record of the day before. The Midkap index is up 1% to 1068 points.
This afternoon we are looking forward to the jobs report of the American payslip processor ADP, which will be released later in the day. The ADP report is an indicator of the official US government jobs figure, which will be released Friday. Employment plays an important role in the Federal Reserve’s interest rate decision.
to prevent, as in the past with former Fed President Bernanke, a startle reaction if the brakes are applied too early.”
The Rabobank economist also points out that the relationship between China and America remains difficult. “There is a different relationship compared to the era of Trump who flew into it aggressively as a boxer, while Biden in that role revolves more around China with technology as a hot topic.”
Equity markets in Asia were largely ahead on the back of an acceleration of growth in the Chinese services sector. The Nikkei in Tokyo, on the other hand, was down 0.2% on ongoing concerns about the rapid spread of the Delta variant of the coronavirus in Japan.
Shoot in the AEX IMCD
8.5% up after enthusiastically received results. More turnover and profit were recorded in the first half of the year. In the second quarter there was a further acceleration in growth compared to the first three months of the year.
will receive 4.5%, helped by the price recovery at the Chinese tech group Tencent, in which the tech investor has a large stake.
Chip funds are also at the forefront. ASML
thickens 2.1%. ASMI
wins 2.5%. besi
sees the price pick up 2.2%.
makes 0.3% profit
in response to the numbers. Top woman Nancy McKinstry spoke of a faster than expected recovery from the corona crisis, but also warned of additional costs due to the reopening of the economy.
is down from a 3.2% decline amid concerns about the impact of the company’s previous major ventilator recall following a warning from the U.S. Food and Drug Administration (FDA). The regulator has classified the recall from Philips in the highest risk category, the so-called Class 1. For Just Eat Takeaway
investors have 2% less left.
loses 0.2%. The oil and gas group is said to be considering leaving Nigeria after 85 years. During the last shareholders’ meeting of Shell, CEO Ben van Beurden already hinted that the position in Nigeria was no longer sacred.
must give 0.3%. According to the newspaper De Tijd, the Belgian tax authorities are demanding 380 million euros from the Dutch-Belgian supermarket group. The conflict concerns the way in which Ahold Delhaize acquired the American stores of its Belgian subsidiary Delhaize in 2018.
At the medium-sized funds steals JDE Peet’s
the show with a price jump of 5.5%. The coffee and tea maker expects the recovery in, among others, the catering industry to continue in the second half of the year.
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The ADP figure takes into account a job growth of 683,000. Official employment figures are scheduled for Friday. An increase of 875,000 is expected and unemployment will fall from 5.9% to 5.7%. Philip Marey, economist at Rabobank, emphasizes that in the American labor market, a part of the working population has withdrawn to look after the children because schools are closed. “This is expected to improve from September, partly due to the declining government support and the reopening of schools. In addition, there is a shortage of staff in large cities, especially in the catering industry, partly because a migration to the countryside has started during the outbreak of the corona crisis.
Marey takes into account that the Federal Reserve (Fed) will remain on hold for the time being when it comes to reversing the extensive monetary support policy. „The Fed is taking it very easy with the
AEX peaks led by IMCD; pain at Philips | Financial
Source link AEX peaks led by IMCD; pain at Philips | Financial