The European stock markets seem to start the trading day with small results on Friday. Investors’ eyes are on the US jobs report to be released later on Friday. The developments in the labour market play an important role in the monetary policy of the US central bank umbrella Federal Reserve.
On Wednesday, payslip processor ADP released its jobs report, a preview of the official government figure. This showed that employment in the United States is not yet picking up as fast as experts generally expected. This positively affected the markets, as it may take longer for the Fed to unwind its support policy.
In addition, new figures are released on the services sector with, for example, hospitality, retail, aviation and tourism in major economies such as Germany, France, the United Kingdom and the eurozone that may affect prices. That sector has previously been hit hardest by the corona pandemic due to the lockdowns and travel restrictions.
Airline Lufthansa does not expect strict US travel rules to be relaxed for European travellers anytime soon. The transatlantic routes are also important for the revenue model of Air France-KLM, among others.
Companies will continue to focus on the automotive industry due to the ongoing shortage of computer chips. This time, the American automaker General Motors announced that it had to stop production at some of its factories because of the shortages.
In Amsterdam, oil and gas group Shell, among others, is drawing attention to itself. The company has signed a long-term agreement to charter a liquefied natural gas (LNG) bunker vessel from Crowley Maritime.
Speciality chemicals company DSM, in turn, announced the acquisition of dairy-based flavour supplier First Choice Ingredients for a consideration of USD 453 million. In addition, investor HAL reached an agreement on the purchase of an almost 10 percent interest in the Paris-listed Technip Energies for an amount of 196 million euros.
The AEX index on Beursplein 5 ended on Thursday 0.4 percent in the plus at 793.32 points. The MidKap was raised 0.2 percent at 1111.69 points. The stock exchanges in Frankfurt, London and Paris gained up to 0.3 percent. The indicators on Wall Street rose to 0.3 percent.