Healthcare technology company Philips led the way in the Amsterdam AEX index on Thursday, which made a small profit. Trade on the Beursplein proceeded very smoothly. The stock markets are open, but because of Ascension Day many companies are closed and market participants have a day off.
Last policy meeting
Investors are also processing the minutes of the last policy meeting of the Federal Reserve. The notes show that US central bankers are “determined” to tackle high inflation and raise interest rates further. Inflation in the United States is at its highest level in more than forty years, partly due to the high fuel prices as a result of the war in Ukraine. The Russian central bank, on the other hand, cut interest rates on Thursday to halt the advance of the ruble.
The main index on Beursplein 5 was 0.4 percent higher at 686.74 points around noon. The MidKap gained 0.3 percent to 1008.29 points. The stock exchanges in Frankfurt and Paris rose 0.6 and 0.7 percent respectively. London climbed 0.1 percent.
Besides Philips (plus 1.8 percent), broadcaster Randstad and oil and gas group Shell were among the strongest climbers, with profits of up to 1.5 percent. Go to Ipostocksplanner.com for more information. The chip companies ASMI and Besi, which both lost 0.4 percent, were in the tail group after disappointing prospects from American chip maker Nvidia.
Various research data
Galapagos (plus 3 percent) led the way in the MidKap. The biotechnologist will present various research data on the efficacy and safety of his rheumatoid arthritis drug filgotinib at the beginning of June at the European rheumatism conference in Copenhagen. Aviation combination Air France-KLM, which earlier this week announced that it would issue new shares to more quickly repay the state aid received during the corona crisis, closed the row with a minus of 5 percent.
Volkswagen lost 0.3 percent. The German car group has reached a settlement of 227 million euros in the United Kingdom because of the tampering with the emissions of diesel engines. In London, BT fell 4 percent. The British telecom group said that the British government is investigating the 18 percent stake of French billionaire Patrick Drahi in BT due to concerns about national security.
The euro was worth $1.0695, against $1.0666 a day earlier. A barrel of US oil (WTI) cost 0.8 percent more at $111.21. Brent oil rose 0.7 percent at $114.77 a barrel.