Stock Exchange Update: AEX climbs to the top of the Financial New Year



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The AEX index ended up 0.4% higher at 572.20, just above the previous highest annual lock level set in mid-May and also at a record high in seventeen years. In the afternoon, the main meter fell to less than 570 points. The AEX gained 2.2% on a weekly basis. The Midkap index suffered from the 1.1% drop to Wessanen at 774.84 points

. Paris and Frankfurt had to sell 0.6% and 0.9% respectively.

The resounding concerns over a further escalation of the trade conflict between America and China lasted a long time in the afternoon. President Trump told the CNBC commercial channel that he was ready to impose import duties on Chinese products with a total value of $ 500 billion.

According to Teeuwe Mevissen, an economist at Rabobank, Trump first tweeted a message accusing the European Union and China of manipulating their own exchange rate. "It seems that Trump is looking for a distraction from China and Europe with his new offensive after the harsh criticism of his appearance in the meeting with President Putin."

Mevissen takes into account that in the coming period concerns about the consequences of the trade war will weigh more heavily than business performance in the new digital season. "The luck seems to be much greater than at the end of August, the already announced US import duties of $ 200 billion on Chinese products will come into effect."

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completed Arcelor Mittal on the back with a rate of 2.1%. Signify saw 1.8% of the exchange rate. For the cyclical share Randstad investors had 3.3% less after the badly received results of the American industrial partner Manpower.

Aegon sank 0.7% below last Finally, while Philips opened the books next Monday, 1% was lost

Galapagos on the other hand was up 1.8%. A heavyweight from AEX Unilever was worth 1.2% more. The food business started with the second tranche of its € 6 billion share buyback program. Unilever has already made good progress on Thursday thanks to positive expectations for the current semester. The group is currently enjoying, among other things, the huge demand for ice cream. KPN introduced the list of winners with a more than 2.1%. ASML was also able to obtain a good buyer's interest with a 1.3% increase. Last Wednesday, the slot machine manufacturer was put on a pedestal after receiving enthusiastic quarterly figures.

AkzoNobel who also attracted investors Wednesday, gained 1% more.

is underway with the project to buy digital security Gemalto (+ 0.4%). According to Thales, the purchase should be completed before the end of this year, if all the supervisors have agreed

Tank storage concern Vopak (+ 0.1%) has an interest minority in the Pakistani part of Engro. taken. This is a 29% stake in Elengy Terminal Pakistan

Midkapper Wessanen was under-crowded by investors after a worse than expected second quarter with a loss of 26.6%. The natural food producer has suffered from unfavorable market developments, particularly in France and the United Kingdom, and has reduced its forecasts for the full year of 2018. Analysts said talked about "much lower than expected results".

Sligro (+ 1.9%) the greatest climber. The food wholesaler scribbled after the sharp drop in prices the day before due to the moderate half-year figures. Navigation Specialist TomTom gave a good follow-up earlier this week and added 0.4% more

In smallcap funds Accell lost 0.4%. The parent company of bicycle brands such as Batavus, Sparta and Koga, saw its profits decline slightly in the first half, with a relatively stable business figure. Profitability was under pressure because of the costs of the reorganization of the company

Amsterdam Commodities (Acomo) also opened the books. Tea, spices and nut merchants are still struggling with difficult market conditions. As a result, the turnover and profits decreased in the first half compared to the previous year. In particular, the decline in prices in a number of important product groups has led to a deterioration in results. The share of Acomo has decreased by 5.3%

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