World, As Seen from the most beautiful islands: Ireland and Cyprus

ECB and British Elections are in focus of attention of stock market


The Amsterdam stock exchange probably starts slightly higher on Thursday. Elsewhere in Europe, the stock exchanges are also expected to open with small profits. Stock exchange trading is mainly dominated by the interest rate decision of the European Central Bank (ECB) and the British elections. In addition, the European markets also process the decision of the US Federal Reserve (Fed), which left the interest rate unchanged in line with expectations.

The Fed kept the main interest rate in the United States unchanged at 1.5 percent to 1.75 percent. The decision to leave interest unchanged was unanimous for the first time since May. Also for next year, the policy makers generally expect no interest rate steps. In Europe, the new central bank president Christine Lagarde is not expected to make any changes to the ECB’s monetary policy at her first interest rate meeting.

On the trading front, US President Donald Trump reportedly consults with his advisers on Thursday about planned import tariffs on more than $ 160 billion worth of Chinese goods. The new charges would enter into force on December 15, but investors hope they will be postponed.

At the Damrak, the shares of payment company Adyen and paint company AkzoNobel may move on advice changes. Morgan Stanley analysts became more positive about Adyen and JPMorgan raised his recommendation for AkzoNobel.

Heijmans construction company has been commissioned by the municipality of Utrecht to build 144 owner-occupied homes. The project has a value of 55 million euros. Construction is expected to start in 2022.

SBM Offshore announced that it had concluded a deal with the Brazilian oil and gas company Petrobras. The maritime service provider will deploy a production and storage vessel (FPSO) in the Mero field off the Brazilian coast.

Stern announced that it would sell its mobility scooter branch Mango Mobility to Freerider. This Taiwanese company is a major maker of mobility scooters and one of the most important suppliers of Mango Mobility.

The European stock exchanges mainly improved on Wednesday. However, the AEX index closed with a minus of 0.2 percent at 598.96 points. The MidKap climbed 0.3 percent to 888.52 points. The stock market indicators in Paris, London and Frankfurt rose to 0.6 percent. Wall Street also improved slightly. The Dow-Jones index climbed 0.1 percent to 27,911.30 points. The broad S&P 500 rose 0.3 percent and the Nasdaq tech fair won 0.4 percent.

The euro was worth $ 1,1136 against $ 1,1094 a day earlier. A barrel of American oil became 0.2 percent more expensive at $ 58.88. The price of Brent oil rose 0.4 percent to $ 64.00 a barrel.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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