The Amsterdam stock exchange plunged Thursday morning in the red after the Swiss central bank had let her ceiling of the exchange rate of the Swiss franc against the euro to fall. Then shot the Swiss franc up 25%, which triggered a startle response on European exchanges.
Meanwhile, let the Damrak recovering. AEX is a half-hour after the opening of Wall Street about 1% higher, and the Midcap . De ascx is flat.
The US stock market is expected to open lower. After fifteen minutes of trading note the S & amp; P 500, Dow Jones and the Nasdaq 0.4% lower
. DSM in Switzerland
Royal DSM is by far the biggest descender on the Damrak. The chemical company looks at four evaporate about 8% of its market value, due to the rise of the Swiss franc against the euro. The company produces more vitamin E in Switzerland. A higher franc would lead to higher costs.
“The sharp rise of the franc will likely profitability of the nutrition division of DSM Pressuring ‘said analyst Wim Koste of the Belgian branch of KBC Securities. According to analysts, a rule of thumb regarding DSM that a change of one cent in the exchange rate of the Swiss franc against the euro leads to a change of € 5 to 6 million in EBITDA of the Company on an annual basis.
“There is now a change of about 15 cents,” says Koste. “That reflects a change in the profitability of some € 75 million to 90 million annually. Salaries and similar expenses paid by the company in Swiss Francs and sells much of its products outside Switzerland. In euros
Oil Funds
The oil funds are big gainers on the Damrak. Shell is quoted at four in 3.6% higher. SBM Offshore plust 2.8% and Fugro 1.7%.
Wednesday received scholarships a firm tap, in the wake of declines in oil prices and the prices of the most important industrial metals, including copper. Prompted by a gloomy growth forecast by the World Bank dropped the already hard hit commodities further away.
But commodity prices have been showing signs of recovery. So plust London copper prices 1.3%, after a loss of more than 5% on Wednesday. The US oil price (WTI) lost Wednesday night initially a sloppy 1% to scribble and then write at about 5%.
would now cost a barrel US oil (WTI) slightly less than $ 50, an increase of about 2.5%. Also North Sea oil (Brent) quoted a price of just under $ 50.
Losers
After DSM Delta Lloyd is the most dramatically in the main indicator. The fund falls 0.9%. The insurer announced on Thursday to sell a German life insurance company in Athens Holding. That would have a negative impact on equity of 5%.
Within the Midcap builder BAM is the biggest climber. The fund gaining 5.4% after it announced a new order to have dragged the British University of Coventry. Oil Storage Facility Vopak is second, with a plus of 4.3%.
Air France -KLM will win 3%. The airline will announce according to Reuters February 5 savings. Aperam and Imtech are the biggest decliners among Midkappers.
Ahold
Ahold announced bid farewell to Albert Heijn director Sander van der Laan. The supermarket group published the sales figures for 2014. He was replaced by Wouter van der Kolk, who has a long record of service in the group. Half an hour after the opening of Wall Street is the supermarket group at a slight plus of 0.5%.
The position of Van der avenue was under pressure by continuing disappointing results at Albert Heijn. The group has suffered from competition from discounters at the bottom of the market and the emergence of Jumbo. At the same time, the company sees revenue leakage and delivery services to the market for food and drink outdoors.
About the sales at Albert Heijn, Ahold is nothing specifically known, but the figures it can be seen that the last quarter, including the Christmas period, some recovery has occurred. Over the full year, Ahold in the Netherlands saw comparable sales fall by 0.3% to € 11.7 billion. These figures also included the results of Bol.com, Etos and Gall & amp;. Gall
No comments:
Post a Comment