Cautious optimism in Brussels | Beursduivel.be
(ABM FN) The Brussels stock market rose cautiously on Friday morning, as investors monitor the situation at the Ukrainian border.
At around 11 am, the Bel20 rose 0.3 percent to 4,082.29 points.
“A combination of a planned asset and balance sheet reduction at the Western and Russia stock exchanges,” said Lynx specialist Kevin Verstraete.
“Russia and the US will [elkaar] speaking in Europe next week. This appears to be encouraging the markets,” the analyst continued.
Russian Foreign Minister Sergei Lavrov has accepted an invitation from his American counterpart.
The meeting will take place somewhere in Europe and the US will also take place on Russia in the meantime in the meantime Ukraine does not invade.
This includes, according to investment manager Simon Wiersma of ING, that a war between Russia and Ukraine can still be prevented. “It makes little sense as an investor to anticipate such geopolitical conflicts,” warned ING’s market follower.
Furthermore, it was relatively quiet on a macroeconomic level this morning. The eurozone’s current balance of payments surplus declined slightly in December and the slight increase from the French start in January has been confirmed by the French statistical office Insee.
Later this afternoon, investors will look to US consumer confidence and existing US home sales.
The euro/dollar is quoted at 1.1371.
Risers and Fallers
In the main index, Umicore leads the way with an increase of 1.8 percent. The company sits in the past Wednesday were played.
Ageas lost 1.6 percent.
Proximus increases 0.4 percent. The annual figures and the cautious outlook of the telecom company reassured the analysts ING.
Berenberg lowered the price target slightly for UCB. The stock still gains 1.1 percent.
In the BelMid, Sipef enjoys the positive analyst report from Berenberg, in which the price target went up to 70.00 euros. The share is 3.0 percent.
According to KBC Securities, Befimmo made slightly more profit than expected in 2021. It added 0.5 percent.
Kinepolis would have to give up 4.3 percent, but after an increase of almost 10 percent on Thursday. The cinema operator released strong figures on Thursday morning.
In the smaller stocks, Accentis is up by no less than 13.5 percent. The company announced a capital reduction of 44.5 million euros, without canceling shares. Accentis also wants to pay an interim dividend.
Jensen-Group yields 3.8 percent.
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.