Brussels scores flat | Market Screener
(ABM FN) The Brussels stock exchange quoted on Thursday just after a nice green close on Wall Street on Wednesday. The performance has slowed down a bit after a better than expected US figure and the results season coming to an end was not bad either.
The Bel20 index recorded without major points at 3,836.84. The Brussels stock market also went higher on Wednesday, and then the enthusiasm was even greater.
A lot has to do with the result figure from the United States yesterday. After all, the most important costs had been bombed last year to the greatest concern of investors, consumers and policymakers.
“Investors are very enthusiastic about the latest figures. In July the periodic on an annual basis came in at 8.5 percent, percent analysts had previously expected at 8.7. A month earlier in June, it was still at 9.1 percent and on a monthly basis at 1.2 percent. Now the monthly CPI has remained unchanged,” explained Justin Blekemolen, investment specialist at Lynx.
“The decline in the annual payment has been made possible by the Federal Reserve and made it possible to raise interest rates by 50 basis points instead of 75 at the end of September. This is an origin of 8.5 still shockingly high. Food prices rose 10.9 percent year-on-year, the strongest increase since 1979,” the analyst added.
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 percent, up from 5.9 percent a month earlier.
The dollar already got a good Wednesday on top of that. The currency pair is trading at 1.0330. Oil gained slightly on a decline on Wednesday.
Risers and Fallers
In the front row, Elia Group was up 1.3 percent, KBC had to give up 1.0 percent. The stock was unable to benefit from the banking group’s figures reporting.
KBC saw its profits rise in the second quarter and thus performed much better than analysts’ expectations. The outlook for the whole year therefore went up. KBC’s revenues amounted to 2.12 billion euros, compared to 1.85 billion a year earlier in the same period. Analysts expected 2.07 billion euros. The net profit of the banking group reached 811 million euros. Analysts had expected on average only 719 million euros. Last year there was 793 net left over. For the full year, KBC now expects 8.4 billion euros, compared to 8.0 billion earlier.
In the BelMid index, Compagnie du Bois Sauvage won 2.0 percent and Mithra fell 2.9 percent.
Kinepolis has reached a lease with real estate company General de Galerías Comerciales to take over the operation of two Spanish cinemas. The cinema group added 0.1 percent. Analyst Kris Kipper of Degroof Petercam was enthusiastic about the resumption of the acquisition strategy.
In the smaller stocks, Biocartis rose 2.2 percent. Oxurion then returned 2.5 percent.
Hot drink specialist Fountain is on track to achieve its estimated turnover of 23 million euros in 2022. The share is listed on the double fixing market and has therefore not yet formed a first price.
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