July 5, 2022

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Stock markets are waiting for US inflation, with Axel and Avantium rising sharply

Stock markets are waiting for US inflation, with Axel and Avantium rising sharply

Investors in European stock markets took small risks on Friday in anticipation of US inflation. The average price level in the world’s largest economy is expected to rise to its highest level since November 1982. Avantium rose significantly in Damrak after the chemical company announced it was continuing to build the long-awaited plant. The trade report of bicycle manufacturer Accel was also well received.

The Beersplein 5 AEX index was down 0.4 percentage points at 788.99. Midcap was down 0.2 percent at 1029.48 points. Frankfurt, London and Paris stock market indices fell 0.3 percent.

Chemical distributors IMCD (minus 3.7 percent) had the biggest decline in the AEX. Steel group ArcelorMittal led with an additional 1.2 percent. Shell won 0.5 percent. Shareholders of the Oil and Gas Group voted on Friday in favor of a previously announced plan to move to the United Kingdom and become a full-fledged British company.

Avantium rose 22 percent. The chemical company has finally decided to set up a factory that will help produce vegetable plastics on a large scale. The company has been working on factory projects at Delfzijl for many years.

Axel became almost 18 percent more valuable. Despite supply chain disruptions, the bicycle manufacturer boosted sales until November, and expects operating profit to be significantly higher this year than in 2020.

The Amsterdam Stock Exchange welcomes the so-called two-spikes or special funds, which raise money to acquire companies and thus provide them with a stock market list. Listed are Pegasus Entrepreneurs and Brigade-M3 European Acquisitions. Sixteen breaks have already gone to Tamrok this year.

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Daimler Truck unveiled its trade show in Frankfurt. German carmaker Daimler’s truck division saw its price rise to nearly 30 euros per share, giving the company a market value of around 24 24 billion. Daimler, a former parent company that will be renamed Mercedes-Benz in early February next year, fell 13 percent due to segmentation in the region.

The euro was trading at $ 1.1265, up from $ 1.1283 a day earlier. U.S. oil prices rose 0.2 percent to $ 71.06 a barrel, while Brent oil rose 0.1 percent to $ 74.46 a barrel.