Stock markets are under pressure of the difficult Brexit talks

Most of the European stock exchanges showed small price movements on Friday. Pessimistic views about the difficult Brexit negotiations led to some reluctance on the part of investors. The new records on Wall Street, and the growing hope of an agreement on the additional stimulus measures for the U.S. economy is provided, however some support to the stock.

The AEX index on Stock Exchange Square 5 recorded at noon 0.1 percent higher at 625.47 points. The midcap dropped 0.6 percent to 922.27 points. The Frankfurt Stock Exchange won 0.1 percent and Paris lost 0.1 percent.

The FTSE index in London won 0.2 percent, while the British pound was under pressure. According to the European chief negotiator Michel Barnier, There are only a few hours left for a Brexit deal. British Prime Minister Boris Johnson and President Ursula von der Leyen of the European Commission said earlier that it would be difficult to reach a trade agreement in good time. In the fisheries sector in particular, London and Brussels remain at odds.

In the AEX, Galapagos showed some recovery after the heavy exchange losses in the last two days. The biotechnologist was at the top with a 2.6 percent profit. The largest loser was the Unibail-Rodamco-Westfield Retail Property Fund with a loss of 1.6 percent. The insurance company Aegon was faced with an advisory reduction by Credit Suisse and dropped 1 percent.

Philip’s thickness is 1.7 percent. The health care technology company is buying the US BioTelemetry for about 2.3 billion euros. Philips believes that the creator of remote monitoring systems for heart patients can already provide more revenue and profit next year. Randstad Broadcasting Corporation won 0.1 percent thanks to a JPMorgan advisory increase.

In the medium-sized companies, Pharming took the lead with a plus of 5.7 percent. The biotechnology company expects to be at the American fencing fair Nasdaq from Tuesday. Pharming announced his plans for a second quotation in the United States in October. Air France-KLM Air combination closed the line with a 2.1% min.

The euro was worth $1.2251, compared to $ 1.2256 a day earlier. A barrel of American oil became a fraction cheaper at $ 48.35. Brent oil dropped 0.1 percent in price to $ 51.43 per barrel.

Source link

Add a Comment