The AEX opens 0.3% higher.European investors can respond to better than better American labor market figures and developments on Trump’s trade policy. For example, higher import duties on steel and aluminum are in force. Furthermore, Trump wants to close new trading deals quickly, may call with Chinese President XI and has asked countries to hand in their ‘best bid’ today.
Elsewhere in Europe, the stock markets also open lightly in the Plus, with a push of positive figures from Asia and Wall Street. The ECB starts its two -day interest consultation. The expectation is that an interest reduction will be chosen again to give the struggling economy some air.
NN Group Is the biggest winner with a plus of 1.4%in the main funds. JPMorgan increases the advice for the insurer from ‘Neutral’ to ‘considered’ and lowers that of the industry party ASR Just to ‘neutral’. ASR drops 0.2%. NN gets a higher price target (€ 70) due to better growth prospects, especially in Japan, and more room for share purchasing. ASR’s price target goes up slightly to € 60.
The United States has increased the import duties on foreign steel and aluminum from 25% to 50%. The measure must prevent cheap, surplus steel to flood the American market and thereby put pressure on domestic industry. Although the stricter rates seem bad news for the global steel trade, opens
ArcelorMittal just 1% higher. Investors may count on higher steel prices in the US and shift of steel flows towards cheaper markets such as Europe, which can turn out favorably for customers in the region in the short term.
Shell 0.5% now drops the oil prices a little again.
With the smaller funds delivers Sligro 0.3% in. The wholesale company announced that it will take over the Utrecht hospitality and wholesalers. This year it is expected to be about € 15 million turnover and has forty fixed employees. What Sligro pays for the company has not been announced.
In Paris wins Airbus More than 2%. China is considering placing an order for hundreds of Airbus planes, Bloomberg news agency reported based on insiders. That would clearly opt for China for European -made devices, now that deliveries of the American Boeing could be politically sensitive to the trade war.
