(ABB) closed higher on stock market movements earlier in the day on Wednesday. The lager then systematic made investors press the buy button.
The Bel20 index ended the day with a gain of 0.7 percent at 3,837.90 points.
Consumer prices in the United States rose less sharply in July than feared. The good profit in place on a month-over-month basis, after rising 1.3 percent in June. On an annual basis, prices rose by 8.5 percent, from 9.1 percent a month earlier.
Falling energy prices have been the main relief in the consumer portfolio, largely offsetting the 7.5 percent increase in June, the Monex Europe analyst team said.
Core inflation, ie percentage investment for food and energy prices, will consume 0.3 on a monthly basis in July. On an annual basis, core inflation stood at 5.9%. That was also 5.9 percent a month earlier.
The American historical figures were not disappointing, according to market analyst Philip Marey of Rabobank. “Hopefully the peak is over, it seems now,” said Marey, adding that core inflation is still ongoing.
“The Fed can rest, no 75 basis rate hikes in September, equities, … Risk-on higher points”, Tom Simonts, Senior Financial Economist at KBC. Rabobank also expects a 50 basis point increase in the lease decision, but ING expected 75 basis points. The latter remains far from the future, the economy more than half a million jobs during the month and economic growth looks set to recover in the third quarter.
This morning it was announced that the German remained high in July. It came out in July on an annual basis, as preliminary figures already show. That was 7.6 percent in June.
The euro/dollar currency pair traded around a level of 1.0349. The dollar is about one percent after the data release. Oil prices fell about two percent. Crude oil inventories in the United States rose last week.
Risers and Fallers
Real estate landlords VGP and WDP, drawn up in the main index, lead the way with profits of 4.6 and 4.1 percent based. WDP received a buy recommendation from Kepler Cheuvreux, although the price target went down. Kepler also lowered the price for VGPdoel, but remained on the bank’s buy list.
Colruyt excelled with a price gain of 3.3 percent. For example, the share seems to benefit from the good figures of sector competitor Ahold Delhaize. In Amsterdam, Ahold even won X percent.
Ageas, which came in with much better than expected numbers, rose 2.0 percent. While the market hoped for a share buyback program, the insurer announced an interim dividend of 1.50 euros per share. Ageas also wants to grow the dividend by 6 to 10 percent. Kepler and ING were positively surprised by the half-year figures.
Argenx lost 3.0 percent.
In the BelMid, Melexis won 4.4 percent, Mithra lost 9.9 percent.
Intervest Offices & Warehouses lost 1.7 percent, above the share of the purchase list.
Azelis added 2.3 percent. Jefferies raised the price target for the chemical distributor to 26.00 euros, with a sustainable advice.
In the smaller stocks, Exmar gained another 11.3 percent. The company sold the Tango FNLG week and the share rose very sharply on Monday and is really in the spotlight last week.
Sequana Medical had to fall again 2.4 percent.
Bone therapy and Medsenic will merge to continue as BioSenic. For example, the French biotech company is going to the Brussels stock exchange. The share of Bone gained no less than 27.4 percent.
Wall Street caused euphoria on the lower than result. The broad S&P500 index was up 1.9 percent at 4,202.44 points, and the more sensitive Nasdaq with many tech stocks gained 2.6 percent.
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