Stock market report: AEX, overwhelmed by grief by Philips Financière

The AEX index further declined in the afternoon and ended down 1.2% at 519.08. At the beginning of the negotiation, the master's supervisor reached the highest level during the day, namely 527 points. The Midkap limited the damage to a loss of 0.1% at 742.18 points.

Elsewhere in Europe, the stock markets also had to give up their territory. The Paris stock market was to yield 0.4%, Frankfurt facing a loss of 0.2%.

In the afternoon, rising bond yields in Italy led to pressure on sales. Brussels will make a statement tomorrow only on Italy's continued budget proposal, which will result in a much higher budget deficit in 2019 than previously expected. 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 business numbers. 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 strong figure may also receive a negative reception as the focus will be on the tightening of monetary policy by the Fed."

The sentiment sent by Asia did not provide sufficient guidance. 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 firm stance against the Asian country

Philips was hit at 8.7% 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 Altice Europe 1.6% less were paid.

The Randstad employment group returned with a 2.5% gain, on the eve of the publication of quarterly figures. tomorrow Signify also achieved good business with a 1.7% advantage

The Biotech Company The Galapagos grew 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 results showed a predominantly depressed picture due to the uncertainty surrounding Italy's fiscal problems. Aegon recorded another 0.1% profit, while ABN Amro was down 0.3%. The NN group declined in a fractional fashion. ING operated a change with a decline of 1.6%. The insurer ASR was also found in the lower regions with a loss of 3.5%.

Ingenieursbureau Arcadis firmly led the Midkap dance with a leap of 5.1%. Investors have subscribed to this action in light of Wednesday's quarterly figures.

The AScX fund of Wessanen increased by 7.6%. ABN AMRO has updated its purchase recommendation to the food business. The company had previously indicated that all major goals had been achieved in the first phase 3 study.

BinckBank had dropped 10.6% after a sharp decline in earnings in the third quarter by compared to one of the previous years, when the results were due to 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 fell out of favor following Binck and lost 4.3%. Detacheur Brunel – 2% off