The AEX index in Amsterdam stood on Wednesday afternoon. Especially ING’s solid price gain after numbers helped the leading index in green. Elsewhere in Europe, indicators yielded across a broad front. Investors received a large stream of operating results. In addition to ING’s results, the trade report from stainless steel company Aperam was also received positively at the Damrak.
The AEX index was 0.6 per cent in the plus at 533.38 points shortly after the opening bell on Wall Street. The MidKap won 0.6 percent to 738.27 points. The stock exchanges in London, Frankfurt and Paris lost up to 0.4 percent.
ING clearly topped the main funds with a profit of 6 percent. The financial group made less profit in 2018 due to the mega-fine that the bank received in connection with money laundering. The bank will continue to pay more attention to the costs. Analysts spoke of good results. Biotechnology company Galapagos closed the row with a minus of 1.2 percent.
Stainless steel company Aperam introduced the risers in the Midcap with a plus of 6.5 percent after better than expected results. TomTom, which also came with figures, was at the bottom with a loss of 5.4 percent. The prospects of the navigation company were disappointing.
Maritime service provider SBM Offshore (plus 0.4 percent) also focused attention on itself. Top man Bruno Chabas must testify in a corruption affair, it was announced. It is the legal twist of SBM with a whistleblower for years.
Car maker Daimler saw its profits drop sharply in 2018 and lost 2.3 percent in Frankfurt. Carlsberg received more than 4 percent. The Danish beer giant brought more beer to the man and saw the demand for more expensive beers rising. Carlsberg will also purchase its own shares.
Alstom rose 4.2 percent and Siemens fell 0.7 percent. Brussels does not approve the merger between the train divisions of the French industrial group and its German counterpart.
The euro was worth $ 1.1386, against $ 1,1408 a day earlier. A barrel of American oil fell 0.7 percent to $ 53.26. Brent was 0.5 percent cheaper at $ 61.66 per barrel.
Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by lesley.woutersen@economicinform.com.
