Friday, May 6, 2016

AEX further drops off after disappointing jobs report – Financieele Dagblad

Like most other European stock markets, share prices on the Damrak stand all day under pressure. She sank a little further away, after the increase in employment in the US it down.

For example, the AEX AEX 427.48 – 0.87% – 3.76 Friday over 1 % lower, as are the main indices in London, Frankfurt and Paris. The Midcap Midcap 642.96 – 0.43% – 2.80 and the Amsterdam Smallcap Index AscX 757.14 – 0.39% -2.96 fell slightly.

the price of a barrel of Brent crude oil is close to the $ 45 to. after the jobs report, and quoted around $ 1.1460, the dollar fell even further away. Futures on the US indicators are in the red.

Jobs

Last month there were 160,000 jobs in the US economy. That was less than when economists had expected. They had expected that in April, 200,000 jobs were added in the US, less than a month earlier.

Employment in April will be decent, “said an economist at Deutsche Bank Securities told Bloomberg, ahead of the figures. “If it is within the trend, it will make little difference. A weak figure by contrast, is likely to make change expectations. And that people would ever think to put on a rebound in the second quarter. “

Steel prices

In Amsterdam opened steelmaker ArcelorMittal ArcelorMittal 4.48 – 4.54% – 0.21 the books. The company, which is troubled by the fall in prices of steel and iron ore, operating income saw in the first quarter to a third decline. Gross operating income (EBITDA) amounted to $ 927 million, against $ 1.4 billion a year earlier.

Arcelor thus performed in line with analysts’ expectations, though revenue came to $ 13.4 billion lower than they had anticipated. Bottom line result was a loss of $ 400 million, an amount much friendlier than the minus of $ 6.7 billion from the previous quarter.

in a statement said CEO Lakshmi Mittal of restorative margins, the coming quarters will result in improved outcomes. The steelmaker maintained the outlook for the current year, in which the EBITDA by $ 4.5 billion to come out.

Oil

Arcelor is the largest daler in the AEX

Ook Shell Royal Dutch Shell A Shs 21.76 – 2.07% – 0.46 is among the main decliners. The oil is light Friday under pressure from the rising prices of earlier this week.

Many other corporate news is not there at the Amsterdam main funds, cable operator Altice has come a step closer to approval for the acquisition of Cablevision. Officials of the city of New York, the grantor of Cablevision, rallied Thursday in a draft report behind the deal.

Fagron

the smaller listed companies is Fagron Fagron 6.39 + 3.23% 0.20 + . The company announced that it has reached an agreement with its lenders on adjustment of two credit facilities. A number of institutional investors that had a condition to participate in the necessary capital gain at the supplier to pharmacies.

Value8

Again, the share Value8 the Value8 NV drop off considerably. The investment vehicle of former investors foreman Peter Paul de Vries is Friday the biggest loser in the Midcap. This week there was even almost 20% of the price off, after an analysis of former HSBC analyst Roel Gooskens FTM on the website.

Euronext

Analysts at Citigroup have begun tracking the proportion of stock exchange operator Euronext Euronext 37.11 + 1.19% 0.44 + . They do so with a buy recommendation and a price target of € 44. The closing price was € 36.67 on Thursday.

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