Investor outlook focused on Just Eat Takeaway and the chip companies
At the Amsterdam Stock Exchange, attention will be paid to Just Eat Takeaway on Wednesday. The company behind Thuisbezorgd.nl benefited from stringent anti-Corona measures last year and had significantly more sales. Despite Corona’s success, the meal deliverer suffered a year-long loss due to heavy investments in expanding the organization. Chip companies are also in the spotlight after strong price gains in the US technology and chip sector.
Based on the opening indicators, the Amsterdam AEX index is heading to a slightly lower start of the new trading day. Other European stock market indices are also expected to open with some minor defects. Asian markets showed a divided picture again on Wednesday.
The dispute over the vaccine between the United Kingdom and Brussels is also a matter of concern. According to the President of the Council of the European Union, Charles Michel, the British are preventing the export of Corona vaccines, just like the United States. Thus, Michel responded to the European Union’s accusation of vaccine nationalism. The UK and the European Union have been blaming each other for some time about using vaccines. The European Union is receiving a lot of criticism because the British are rushing to vaccinations.
An exceptional year
Topman Jitse Groen of Just Eat Takeaway describes 2020 as an ‘exceptional’ year. As restaurants were forced to close and people were forced to stay home due to the shutdown, food delivery was often done at home. The meal delivery company, which arose last year from the merger between the Dutch website Takeway.com and Britain’s Just Eat, has had to bear many of the costs in connection with the merger. Much money was also invested in the acquisition of the American Grubhub, which is not yet complete. In 2021, the company is counting on further accelerating order growth.
Basic-Fit stake may move when a tip is changed. RBC analysts have scaled back their fitness chain recommendation in response to the company’s findings, which were released on Tuesday.
European stock markets closed higher again on Tuesday. The AEX index rose 1.4 percent to 675.10 points, and the Med Cap index rose 0.4 percent to 984.77 points. Indexes in Frankfurt, London and Paris rose to 0.6 percent. Wall Street also gained. The Dow Jones rose 0.1 percent to 31,832.74 points. The broad S&P 500 index rose 1.4 percent and the tech Nasdaq exchange rose 3.7 percent.
The Euro was worth $ 1.1874, compared to $ 1.1885 the previous day. The price of a barrel of US oil fell 1.1 percent to $ 63.29. The price of a barrel of Brent oil is 1.3 percent lower at $ 66.66.
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