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Stock Exchange: Shell helps AEX profit Financial



After gaining 0.4% to 520.6 points, AEX closed for more than 520 points for the first time in almost two months. AMX declined by 0.2% to 725.8 points.

The image in the rest of Europe was mixed. The German DAX lost 0.1% and the French CAC 40 closed 0.3% higher.

The fact that the US central bank's pause with new increases in interest rates has only briefly led to jubilation among investors is not surprising investment strategist Simon Wiers of ING. "The reason for this break is the economic slowdown not only in the US, but certainly in Europe, which has again confirmed weak growth figures from Italy and Europe."

Wiersma has doubts about whether a solid rise in stock prices will continue since late last year. "There is a lot of good news at prices, while the macro numbers show a weakening of economic growth, perhaps the outcome of trade talks between the US and China could boost if the US decides to postpone the introduction of higher import rates again."

Against the backdrop of economic cooling, it seems remarkable that quarterly company numbers have fallen. "But here you have to remember that analysts have greatly reduced their expectations in the last few months. Estimates of earnings by 2020 have not yet been adjusted and therefore there is a risk," Wiersma points out.

KPN excelled in the main Dutch funds with a 6.2% profit, saying that the Canadian asset manager is considering a takeover bid with several pension funds.

Shell grew by 4% due to the publication of better-than-expected quarterly profit.

Transmitter Randstad ended with a loss of 3.4% at the bottom after ING was removed from the list.

Financial institutions suffered a decline in total bond yields in response to the Fed's interruption in interest rates. ING and Aegon decreased by 2.3% and 1.7%.

Unilever provided 1.5%. The food producer achieved a basic growth of 2.9% in Q2. This is lower than expected by experts on average. Unilever expects ongoing challenging market conditions in 2019 and expects revenue growth this year to reach the bottom of the band by 3 to 5%.

Supermarket interest Ahold lost 1.3%, on a recommendation for the "underweight" of the US bank JP Morgan. Steel Fig ArcelorMittal has suffered the same fate at Goldman Sachs and declined by 0.5%.

Construction and dredging company BAM earned 5.5% in the mid-size funds, following the increase in "buy-by" advice on Kepler Cheuvreux's purchase.

Real estate funds Wereldhave and Eurocommercial dropped by 4.5% and 1.8% after ING's advisory cuts to "sell" or "hold".

Core Laboratories warned that the results in the previous quarter are lower than previously projected. The service provider for the oil and gas industry provided 0.9% of the local market.

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