Investors are diving into chips and Prosus; ABN lags behind | Financial

Around a quarter to ten after the start, the AEX index is up 1.1% in the plus at 651.51 points, the highest intraday level since the end of 2000. The Midkap index moves 0.1% forward to 974.39 points.

The stock exchanges in Frankfurt and London are slowing down, climbing to 0.3%. Paris falls a fraction. The main index in Milan fell 0.6 percent, after the fall of the Italian government over billions from the European corona repair fund.

Wall Street showed small results on Wednesday. The new impeachment procedure against President Donald Trump was passed on for notice. His successor Joe Biden will be released on Thursday with plans for a massive new corona run to help guide the US economy through the corona crisis. Intel was booming. The chip giant changed its CEO and said that the performance will be higher than expected in the coming quarters.

China showed better than expected trade figures. Both exports and imports from the country increased more than expected in December. The figures underline the ongoing recovery of the Chinese economy from the corona crisis.

On the corona front, American pharmaceutical company Johnson & Johnson (J&J) expects its vaccine to be available in March. The company expects to be able to share data on the efficacy by early February at the latest. The J&J vaccine was developed by subsidiary Janssen in Leiden. The J&J vaccine, unlike other corona vaccines, consists of a single dose

Good TSMC grades

In the AEX, chip funds are in demand after the Taiwanese chip manufacturer TSMC came up with better than expected quarterly figures. ASML sees the share price picking up 3.5%. Leader ASMI will be worth 5.3% more. Midkapper Iron gets 4.4%.

Prosus is also doing good business with a plus of 3.8%. Tencent, where the tech investor held a major stake, went well ahead of the news that the Trump administration is blacklisting.

Ahold Delhaize advances 0.4% after a lower start. The French government is concerned about a possible Canadian takeover of supermarket giant Carrefour. Minister of Finance Bruno Le Maire points to control over the own food chain and the consequences for employment.

Aegon on the other hand, 0.8% must give up. Société Général has put the insurer on the sales list.

ABN Amro leave 1.3%. Morgan Stanley has downgraded the advice for the banking group.

Biotechfonds Galapagos faces a loss of 1.2%.

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