The stock exchange in Amsterdam closed slightly higher on Friday, after a rippling trading session. Elsewhere in Europe the picture on the stock markets was variable. The record positions on Wall Street offered only limited support for sentiment in Europe.
The AEX index on Beursplein 5 eventually ended up 0.1 percent higher at 567.41 points. The MidKap increased 0.7 percent to 800.68 points. London and Frankfurt fell 0.1 percent while Paris closed 0.4 percent higher.
Steel company ArcelorMittal led the risers in the AEX with a gain of 2.5 percent, followed by biotechnologist Galapagos that rose 2.4 percent. Takeaway meal order site closed the line at the main funds with a loss of 1.3 percent.
In the MidKap, metal specialist AMG and fertilizer producer OCI led the way with pluses up to 3.1 percent. Soil researcher Fugro surrendered 2.2 percent and was at the bottom of the list with medium-sized funds.
For the smaller funds, foundation specialist Sif was lowered by 2.9 percent. Earlier this week, Sif’s price went up sharply after two large assignments for the company.
In London, Thomas Cook plummeted nearly 60 percent to its lowest rate ever. The Chinese conglomerate Fosun, which owns among other things Club Med and Cirque du Soleil, is considering a substantial financial injection into the ailing British travel company. It would amount to a total of around € 834 million in aid. Fosun is Thomas Cook’s largest shareholder.
Daimler lost 0.7 percent in Frankfurt. The parent company of Mercedes-Benz, among others, is more negative about its results this year. The car manufacturer has to set aside billions of euros more for a major recall and ongoing lawsuits for diesel cars. As a result, the group ended up deep in the red in the second quarter.
The euro was quoted at $ 1,1255 compared to $ 1,1258 on Thursday. A barrel of American oil cost 0.3 percent more at $ 60.39. Brent oil rose 0.4 percent in price to $ 66.81 per barrel.