Caution in Brussels | Beursduivel.be
(ABM) Monday’s stock market session was very quiet in Brussels, just like on the neighboring stock exchanges.
The Bel20 ended the day narrowly in the red at 4,383.83 points.
While stock market optimism was fueled by strong corporate results in October, attention is now returning to the previous one, with the US figure for October on the agenda for Wednesday.
“The picture is expected to change little,” predicts economics Luc Aben of Van Lanschot Kempen. This means that the prices of consumer goods have risen by more than 5 percent. Core inflation, ie food and energy prices, has risen above 4 percent again, the economist said.
Speaking to ABM Financial News chief economist Bernard Keppenne recently, CBC Bank noted that investors will be paying attention to the coronavirus infection in Europe in the coming weeks. “There is a risk that further measures will be taken”. “This is an element that has resurfaced, and one that was no longer expected,” Keppenne added.
Second, the economist also points to supply chain problems that will not be resolved anytime soon. “It’s a structural problem and it will take time to get rid of the congestion,” Keppenne.
The euro/dollar was quoted at 1.1589. Oil prices against light.
Risers and Fallers
In the main index, Galapagos led the way with an increase of 5.7 percent, while Colruyt fell 2.0 percent.
In the BelMid, Titan Cement won 3.1 percent. Econocom lost 4.3 percent.
In a report, ING insists that Euronav for a strong 2022 “Spot prices are still at a level, but we could be at the forefront, sustainable recovery lasting well into 2023,” said analyst Quin Quin Quin. The stock rose 1.0 percent.
Bpost fell 2.8 percent, probably in response to the somewhat disappointing figures from Dutch sector competitor PostNL. The Belgian postal company will publish figures on Tuesday after the close of trading. Analysts contributing to the consensus expect the stock to fall sharply, with the outlook only marginally lower.
Agfa-Gevaert, which will publish figures on Tuesday morning, 2.2 percent. Analysts expect some result improvement in the third quarter.
Nyrstar added 3.1 percent to the smaller stocks. Bone Therapeutics application 7.2 percent.
Wall Street
At the close of the European stock markets, the American indices complete in one place.
Source: ABM Financial News
From Beursplein 5, the editors of Financial news from ABM keep a close eye on developments on the stock exchanges, and the Amsterdam stock exchange in particular. The information in this column is not intended as professional investment advice or as a recommendation to make.