Amsterdam stock exchange closes week higher, Adyen and chip funds win
The stock exchange in Amsterdam has exited trading with certainty. Chip companies ASML, ASMI and Besi were among the winners, as was payment processor Adyen. Investors processed, among other things, the suspicions of American consumers, which may lead to lower interest rate hikes.
The AEX index closed 0.8 percent higher at 748.04 points. The MidKap rose 0.4 percent to 994.17 points. The stock exchanges in Frankfurt, London and Paris gained up to 0.7 percent.
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A poll by the University of Michigan shows that Americans expect less price increases than before. This also boosts consumer confidence. In the markets, speculation may lead to less rigorous intervention with interest rate hikes by the Federal Reserve, which is favorable for equity valuations.
Stronger than expected
A stronger than partial economic growth in Germany also gave more confidence. In addition, it was announced that the economy of the United Kingdom has not yet emerged in November. In an earlier estimate, there was no sign of contraction.
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Adyen discovered the AEX with a plus of 3.6 percent, followed by the supplier for the chip sector ASMI (plus 3.5 percent). Record label Universal Music Group was the biggest faller with a minus 2.7 percent.
Little reads
Banks at the Damrak had little to do with the probably ill-received results of American peers, who opened the quarterly earnings season on Wall Street with their official results. ING higher 1.1 percent higher. ABN AMRO, which saw its financial top man leave earlier this week, won 0.8 percent.
Air France-KLM rose almost 6 percent in the MidKap. Analysts at investment bank UBS are positive about the stock. The aviation group also participated in the strong price jump of American Airlines. The American airline gained almost 10 percent on Wall Street on Thursday after an increase in earnings expectations.
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The euro was worth $1.0804 against $1.0820 the day before. A barrel of US oil became 1.1 percent more expensive at $ 79.27 per barrel. Brent oil also received 0.6 percent more, at $84.60 a barrel.