Brussels narrowly saves the 4,000 points
(ABM FN) The Brussels stock exchange was under pressure throughout the trading day on Monday due to fears of the conflict in Ukraine.
cases of a 1.2 percent fall.
As the conflict continued over the weekend, European, Swiss and US leaders announced a new round of Russia facing, consistently the Russian economy is largely isolated.
On the European continent, EU investors have agreed at an unprecedented pace on strong anti-Russia attacks, including attacks by banks from the SWIFT system. Several taboos, including funding the German military, have been broken in recent days, several EU policy watchers noted.
“It is still too early to estimate the economic impact of the move to deny Russian banks access to the payment system SWIFT,” said economist Luc Aben of investment bank Van Lanschot Kempen.
This decision, the economist continues, is the chance that Europe’s energy supply will be jeopardized, even if energy payments are theoretically spared.
Paul Jackson, has an impact of 0.5 to 1.0 percent on growth.
expected of the impact on global growth remains a key concern. Wednesday will get a taste of the euro-zone yield figure. “To the income number of more than 5 percent, add only 1 or 2 addition percentages for the coming months,” predicts Aben.
From this, according to the economist, arises another question, which is what the power plant will do. According to Aben, the US Federal Reserve wants its plans arbitrarily. “The US is far from Ukraine, vast as well as economically,” said the deconomist.
Because of the European but also financial consequences, the Central Bank will closely monitor the conflict and its consequences.
Sprinkling Hoop is fueled today, however, by a first meeting between the two countries since Russia’s invasion of Ukraine, though the Ukrainian president isn’t expecting anything. In between, the battles go into the land door.
On the macroeconomic front, as is often the case on Monday, the agenda was calm.
The euro/dollar is trading at the close of European markets at 1.1243. Oil has risen sharply, with crude oil prices around $100 per VAT.
Risers and Fallers
In the main indices, Umicore and Elia finished at the top, with gains of 2.9 and 3.5 percent.
KBC 5.3 percent. The European financial sector is under pressure after the European against Russia. AB InBev also fell 5.3 percent.
Ackermans & van Haaren has made a record profit in 2021, according to the holding company in its morning report. It nevertheless fell 0.1 percent
Zogenix shareholders have been given additional time to write their shares in UCB’s takeover bid. only 2.4 million shares in the body, representing about 4.2 percent of the total share capital. UCB added 1.8 percent.
Euronav rose 4.8 percent in the BelMid. The stock has been on the rise for several trading days. In an environment of oil and gas prices resulting from the conflict between Russia and Ukraine, such as Euronav’s considered safe haven. Among the smaller stocks, Exmar is also doing well, rising 5.7 percent. Kepler sees an increase in the chances of a deal for Exmar’s Tango.
CFE has expected a strong performance in 2021, with a solid increase in revenues to put it at the same level as 2019, although the company does not expect to pay a dividend. The stock gained 1.2 percent.
Among the smaller stocks, MDXHealth rose 5.6 percent, and Wereldhave Belgium 7.1 percent.
Celyad decided today to suspend its Phase 1b trial CYAD-101-002 release after 2 deaths. “Our first is to design patient safety, so we decided to suspend the study while investigating these events,” said Filippo Petti, CEO of Celyad Onology. It contained 12 percent.
Belgian metal specialist Campine achieved record profits in 2021 on the back of strong demand. The stock rose 5.5 percent.
Wall Street
As European markets close, US indices show a mixed picture with the S&P500 falling 0.2 percent and rising 0.5 for Nasdaq.
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.