October 29, 2020

Kup

News Updates Everyday

AEX wins after Trump Health Update

AEX wins after Trump Health Update

The Amsterdam stock exchange started on Monday in the first full week of October with a profit. The other European stock market indicators also improved. The news that US President Donald Trump may already be allowed to leave the hospital on Monday provided relief on the stock exchanges. Trump was hospitalized on Friday after being infected with the corona virus.

The AEX index for Beursplein 5 rose 0.7 percent to 557.22 points in morning trading. The MidKap also rose 0.7 percent to 824.92 points. The stock exchanges in Frankfurt, Paris and London rose to 0.8 percent.

Trump appeared in public for a short time on Sunday. The President drove a short lap past fans who had gathered in the street. According to Trump’s personal doctor Sean Conley, the president received a second dose of the antiviral drug remdesivir on Saturday night and continues to be treated with the steroid dexamethasone, which is said to help maintain oxygen levels in the blood.

Telecommunications company KPN led the Damrak’s main funds, with profits exceeding 2 percent. ING rose 1.4 percent. The rating agency Moody’s has confirmed ING’s creditworthiness. According to Moody’s, the bank has enough cash to meet its obligations in both the short and long term. The Just Eat Takeaway meal order point was the only one to decline, down 0.2 percent.

In the MidKap, the Boskalis excavator was at the top with an increase of 2.8 percent. The fertilizer manufacturer OCI closed the series with a minus of 2.8 percent. Vopak won 1 percent. The tank storage company has signed a cooperation agreement with the Indonesian petrochemical company Chandra Asri Petrochemical. The two plan to expand the existing infrastructure in the city of Cilegon, including the construction of a second petrochemical complex.

In London, Cineworld collapsed by almost 35 percent. The world’s second largest cinema chain is temporarily closing all of its UK and US cinemas as attendance declines and major film premieres are postponed due to the corona pandemic.

The euro was valued at $ 1.1724 compared to $ 1.1711 on Friday. The price of a barrel of US oil rose 1.9 percent to $ 37.70. Brent oil cost 1.6 percent more at $ 39.90 a barrel.