(ABM FN) The Brussels stock exchange closed 0.7 percent higher on Monday evening at 4,293.44 points and has the 4,300 points very clearly in its sights.
Shares also did well in New York, in the run-up to the publication of the American inflation report and the last bit of corporate figures, including those from Disney.
The ‘Trump trade’ still dominates the stock markets, but “it remains to be seen what Donald Trump’s concrete policy plans are when he returns to power,” said Van Lanschot Kempen chief economist Luc Aben.
“Trump promises lower corporate taxes and deregulation, for example for the energy sector and for banks. These sectors, among others, attracted [afgelopen week] then also the fair cart.
Furthermore, according to the economist, we are looking forward to new American inflation figures. “We expect little change in the picture of inflation that, although crumbling, still shows some persistence,” Aben said.
“On the other hand, other sectors such as renewable energy and real estate have struggled.”
In addition, the economist is eagerly awaiting new data on American inflation. “We expect little change in the inflation picture, which, while eroding, still shows some persistence,” Aben said.
A barrel of Brent oil became almost 2 percent cheaper, in the run-up to the publication this week of the monthly report of oil cartel OPEC.
The oil price is under pressure due to the disappointing stimulus measures that Beijing announced on Friday.
“Markets may have been hoping for a bigger stimulus,” ING economists said in response to the measures. But Beijing may introduce additional measures once there is more clarity about what the new government led by Donald Trump will do next year, especially in the area of import duties.
Risers and fallers
In the Bel20, Galapagos took the lead with a gain of 4.5 percent.
Syensqo also did well with a gain of 2.4 percent, helped by UBS, which slightly increased the price target to 90.00 euros, repeating the buy recommendation.
Solvay went 1.3 percent into the red, after the share was also punished for its quarterly results last week.
Outside the main index, EVS performed well with a price gain of 3.5 percent. The imaging specialist will report quarterly results later this week.
DEME, which will also publish results in a few days, gained 2.2 percent. The specialist in maritime technology and wind energy was still under pressure last week after Donald Trump’s election win.
Aperam, which traded ex-dividend on Monday, gained 1.8 percent, if corrected for the coupon cut.
Bpost became 3.4 percent cheaper.
Care Property Invest gained 2.4 percent, helped by Berenberg, which increased the price target for the healthcare real estate investor from 15.50 to 16.00 euros.
Exmar rose 4.4 percent after the shipping company reported after hours on Friday evening and presented a profit increase.
Among the small caps, Unifiedpost fell by 1.8 percent. Just like EVS and DEME, Unifiedpost will also release figures this week.
Source: ABM Financial News ABM Financial News is a supplier of stock market news, video and data, both for real-time trading platforms and dealing rooms as well as for online and offline media publications. The information in this article is not intended as professional investment advice or as a recommendation to make certain investments.
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Stock Market Shenanigans: A Comedy of Gains and Losses
The Brussels stock exchange closed up 0.7% at an impressive 4,293.44 points. You know what that means? The 4,300 threshold is now staring us down like an old school teacher with a yardstick—posh, intimidating, and with an air of inevitability!
Meanwhile, over in New York, shares are strutting their stuff ahead of a HUGE American inflation report and corporate figures, with Disney making a cameo like a well-loved character. I mean, who wouldn’t want to see Mickey Mouse giving business advice? “Invest in stocks, not in Goofy!”
This whole ‘Trump trade’ business still has the stock markets in a headlock, but chief economist Luc Aben wisely says, “Let’s not count our chickens before Donald tweets.” It seems that Trump’s promises of lower corporate taxes and deregulation are like the last donut in the office—the temptation is real, but the consequences can be sticky!
And speaking of sticky situations, we’re all hoping for a change in the inflation picture, but alas, it appears it’s going to be a persistence contest. “Like that one friend who just won’t leave the party,” as Aben might say.
Now, let’s talk oil—it’s slumping like a sad puppy, down nearly 2% in anticipation of the OPEC report. Thanks, Beijing, for the disappointing stimulus measures! Economists were probably sitting there with a bowl of popcorn, waiting for a blockbuster but only got a documentary. “Hope they bring out the sequel once they’ve sorted out what Trump’s going to do about import duties,” says ING economists, and let’s be honest, we’re all waiting too!
Risers and Fallers: The Stock Market Showdown
Let’s dive into the main players in this little stock market drama, shall we? In our beloved Bel20 index, Galapagos has taken the lead with a cheeky 4.5% gain. Must be celebrating a good hair day or something! Syensqo followed, up 2.4% thanks to UBS bumping up their price targets. I wonder if they threw in a complimentary coffee with that recommendation?
On the flip side, Solvay went 1.3% into the red. Clearly, they weren’t feeling as cheerful after their quarterly results. It’s like turning up to a party to find out it’s not a costume party. Disappointment is real!
Outside of the main index, EVS is looking promising, with a 3.5% leap. They’re all set to report quarterly results later in the week—talk about building suspense! Meanwhile, DEME is also performing well with a 2.2% rise, even after Trump’s win left them looking a bit like deer in headlights. We’re all waiting with bated breath!
Now, if we consider Bpost, they’ve decided “Why rise when you can fall?” at a dismal 3.4% drop. This isn’t a bungee jumping event; one can only wonder if their mail is delayed again. And Care Property Invest gained 2.4% after Berenberg gave them a price boost. Who needs a personal trainer when you’ve got analysts in your corner?
Finally, let’s delve into the small caps. Unifiedpost fell by 1.8%—tough crowd! Meanwhile, Exmar rose 4.4% after reporting a profit increase, which means their inbox is filled with “Congratulations!” emails, while Unifiedpost is left wondering why they’re still being ghosted.
In summary, the stock market is like a game of chess with far too many pieces and not enough time on the clock. Whether you’re a rising star or a falling rock, it’s clear that investors are in for a wild ride. Just remember: when in doubt, the stock market always needs a bit of humor!
Keep your portfolios close and your cheesiness closer!
(ABM FN) The Brussels stock exchange exhibited a positive trend, closing 0.7 percent higher on Monday evening, reaching a level of 4,293.44 points. The market is clearly eyeing the psychological milestone of 4,300 points, as investor sentiment remains optimistic.
Meanwhile, shares in New York also performed well in anticipation of the impending release of the American inflation report and key financial releases from major corporations, including the entertainment giant Disney.
The market is still heavily influenced by the so-called ‘Trump trade,’ with traders closely monitoring any developments regarding former President Donald Trump’s potential policy initiatives should he return to the political arena. Luc Aben, chief economist at Van Lanschot Kempen, noted, “It remains to be seen what Donald Trump’s concrete policy plans are when he returns to power.”
Economist Aben highlighted that Trump has made promises concerning lower corporate taxes and deregulation across several sectors, particularly in energy and banking. These sectors notably attracted significant investments last week, reflecting the market’s response.
As anticipation builds for new American inflation figures, Aben anticipates that the data may reveal little in the way of significant changes. “We expect little change in the picture of inflation that, although crumbling, still shows some persistence,” he mentioned, providing insight into current economic conditions.
In the commodities market, a barrel of Brent crude oil dropped nearly 2 percent ahead of the highly anticipated monthly report due this week from the Organization of the Petroleum Exporting Countries (OPEC). This dip in oil prices is largely attributed to disappointing stimulus measures introduced by Beijing last Friday.
ING economists remarked, “Markets may have been hoping for a bigger stimulus,” suggesting that the measures taken by China might not meet investors’ expectations. They further speculated that additional economic supports could be introduced by Beijing once there is more clarity surrounding the policies of the new U.S. administration under Donald Trump, particularly regarding import duties.
Risers and fallers
In the Bel20 index, shares of Galapagos led the gains with an impressive increase of 4.5 percent, highlighting strong investor interest.
Syensqo also saw a positive performance, climbing 2.4 percent, buoyed by an upward revision of its price target by UBS, which now stands at 90.00 euros and reiterated its buy recommendation.
Conversely, Solvay experienced a downturn, slipping 1.3 percent after facing scrutiny over its quarterly results released last week.
Apart from the main index, EVS made noteworthy gains, advancing by 3.5 percent ahead of its upcoming quarterly results announcement later this week. Similarly, DEME gained 2.2 percent, showing resilience after a challenging week prompted by Donald Trump’s election victory.
Aperam, which traded ex-dividend on Monday, experienced a 1.8 percent gain when adjusted for the coupon cut, reflecting ongoing investor interest.
However, shares of Bpost fell sharply, decreasing by 3.4 percent, as market sentiment shifted away from the company.
Care Property Invest saw a positive trajectory, rising by 2.4 percent, thanks to Berenberg raising its price target for the healthcare real estate investor from 15.50 to 16.00 euros, a sign of strengthened confidence in the sector.
Exmar exhibited significant growth, climbing 4.4 percent after the shipping company reported an increase in profits following its after-hours announcement on Friday.
Among the smaller market players, Unifiedpost faced challenges, declining by 1.8 percent ahead of its upcoming financial results supply, mirroring the movements of EVS and DEME.
In the realm of stock market movements, the Bel20 index showcased a vibrant performance on Monday. Leading the charge was Galapagos with an impressive rise of 4.5%, clearly riding a wave of optimism. Following closely was Syensqo, which saw a 2.4% increase buoyed by an upgrade in price targets from UBS. Sounds like they might be enjoying a celebratory sip of coffee after that good news!
However, not all was rosy. Solvay experienced a 1.3% decline, indicating some disappointment after their quarterly results. Talk about a buzzkill at the party! Meanwhile, in the small caps segment, EVS shone brightly with a 3.5% increase as they gear up to announce their quarterly figures, creating quite the anticipation among investors. On the other hand, Unifiedpost found itself on the decline, down by 1.8%. Perhaps the crowd wasn’t warmed up enough for their performance this time!
In terms of other notable mentions, Care Property Invest enjoyed a 2.4% uptick, thanks to an optimistic forecast from Berenberg which suggests they might be on the right path. Exmar, the shipping company, celebrated with a notable 4.4% increase following a positive profit announcement, indicating they must have some good news to share with their investors.
On the downside, Bpost’s shares took a hit, dropping 3.4%. It appears they struggled to keep pace amid the market’s fluctuations, leaving investors questioning what might be causing this downturn.
Summarily, the stock market is a diverse stage filled with various tales of triumphs and tribulations. Whether you’re riding high like Galapagos or grappling with a dip like Bpost, it’s clear that the journey remains unpredictable. As always, the world of investing thrives on insights, analysis, and perhaps a touch of humor! So, dear investors, keep those portfolios ready; the market is full of surprises.
