Stock Market Report: Philips and Italy reject the AEX at 520 | financial

The AEX index posted a 0.9% drop to 520.4 points after four hours, after an imminent start of the trading day. The Midkap saw the profit disappear from the table and recorded a score unchanged at 743.09 points.

Elsewhere in Europe, the stock markets also had to give ground. The Paris Bourse has lost 0.4%, Frankfurt has always made only a fractional profit.

The Italian Government has responded to the request just before the deadline set by the European Commission to clarify the draft budget for 2019. Brussels is only tomorrow that the position on the plans for the year. Italy producing a much larger budget deficit than previously forecast will only be published. In the afternoon, the slight rise in bond yields in Italy after the sharp drop in the morning undermined confidence. Philip Marey, an economist at Rabo, pointed out that initially, investors had been somewhat relieved by the fact that the S & P rating agency had kept the outlook for Italy stable. "There is also hope that Brussels will not remedy the disagreement over Rome's budget plans, although it remains to be seen if any of the parties will prove too tough. Italy is fully accountable for its financial problems because, despite low interest rates, labor market reforms, for example, have not been implemented. whistling and there will be a compromise on the table that the Italian government will be able to sell in its own country. "

On the Brexit front, British Prime Minister Theresa May will address the British Parliament on Monday. the occasion of the departure of the British Parliament. the European Union. According to her, an agreement with Europe represents about 95%. Marey predicts that an agreement between the United Kingdom and the European Union will only be reached at the last moment because of the persistent deferral of the British and Europe and that it can not wait to see what the negotiations will bring.

During the week, investors will continue to deal with an avalanche of numbers on companies. We look forward to the results of major US technology funds, such as Intel, Google and Microsoft. According to Marey, US third-quarter growth and US durable goods orders will also be followed with interest to see if shipments to America are still good. "However, a high figure may also receive a negative reception as the focus will be on the tightening of monetary policy by the Fed." Wall Street has slipped slightly into the red after a higher start.

Vote well again. The Chinese government wants to implement tax cuts, as in the US, to stop the decline in economic growth, said Marey. "With these stimulus measures, China is moving away from its usual trajectory." Marey assumes that Trump will pursue the aggravated trade dispute with China after the US mid-American elections early next month, given his strong stance against the Asian country

Philips received a 7.4% rise in the AEX index. Health technology was negatively impacted in the third quarter and saw sales grow at a slower pace than expected. Bernstein's analysts were disappointed. For KPN 1% less was paid.

The working group Randstad made a profit of 1.5% in the period preceding the publication of the quarterly figures of tomorrow. Signify held the leading position with a 1.9% advantage.

The Galapagos biotechnology company increased by 1.4%. The Galapagos have announced at a congress in Chicago the detailed research results of a study on the drug filgotinib against rheumatism. Unilever added 1.4% to the final result generated last week.

Financial data showed a shared image. Aegon recorded a profit of 0.5%, while ABN Amro received at 0.2%. The NN group was able to credit 0.4%. ING did not let it dry any longer and dropped by 0.4%. The insurer ASR ended up in the lower regions with a loss of 2.6%.

Ingenieursbureau Arcadis firmly led the Midkap dance with a gain of 4.4%. Air France KLM gained 0.6%

The AScX fund Wessanen increased by 9.8%. ABN AMRO has updated its purchase recommendation to the food business. The company had previously indicated that all major objectives were achieved in the first phase 3 study.

BinckBank had dropped by% after a sharp fall in third-quarter earnings compared to the year before. the results were fueled by a tax boon and accounting profits. Compared to the second quarter, the number of transactions decreased by 3%, reaching more than 2.3 million people.

Bank Kas also did bad business after Binck and dropped 4.2%. Brunel decreased by 2%