Like most other European stock markets, stock prices are on the Damrak Friday under some pressure. We are waiting for the monthly jobs report from the US, that afternoon is announced.
For example, the AEX AEX 427.71 – 0.82% – 3.53 a faction in the less, as the main indexes in London, Frankfurt and Paris. The Midcap Midcap 644.46 – 0.20% – 1.30 and Amsterdam Smallcap Index AscX 760.19 + 0.01% +0.09 waddle around their teeth closing on Thursday.
The price of a barrel of Brent crude oil is close to the $ 45 to. The dollar a little further collapses and is listed on $ 1.1417. Futures on the US indicators are very light in minutes.
Jobs
the business is dominated by the jobs report that the US Department of Labor published Friday. Economists expect that 200,000 jobs were added in April in the US, less than a month earlier.
“The employment in April will be robust, “said an economist at Deutsche Bank Securities told Bloomberg. “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 4.47 – 4.77% – 0.22 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 21.86 – 1.62% – 0.36 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.
Midrange
In the Midcap there are few large rate results. OC CB NV 14.74 – 2.22% – 0.34 I is the most dramatically, followed by Aperam Aperam 33.66 – 0.96% – 0.33 , the former subsidiary of ArcelorMittal and manufacturer of stainless steel. Air France-KLM Air France-KLM 7.26 + 1.02% +0.07 at the top in the middle.
Fagron
the smaller listed companies is Fagron Fagron 6.26 +1.08% 0.07 + . 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 37.06 + 1.05% 0.39 + . 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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