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Growth of the stock markets after the easing in China - Finance

Growth of the stock markets after the easing in China – Finance

European stock markets overall closed slightly higher after the announcement of further easing of health restrictions in China. Economically, the markets reacted little to the 0.7% increase in durable goods orders in May in the United States. Investors already have their eyes on the inflation data expected from Wednesday in Europe and the United States.

News: Prosus (Amsterdam) – Tencent (Hong Kong)

In corporate news, Dutch tech conglomerate Prosus jumped more than 15% despite falling 20% ​​in its annual trading profit. The markets especially welcomed the announcement of a share buyback program financed by the sale of Tencent shares. Prosus owns 28.9% of the Chinese technology giant, a stake valued at nearly 100 billion euros at the current price. The Dutch group hopes that this share purchase program will reduce its very high stock market discount. The stock has plunged 45% since its highs at the start of last year due to tougher regulations on tech companies in China and a general correction in growth stocks.

Euronext Brussels: ArgenX – Umicore / Ageas – Balta

On Euronext Brussels, ArgenX (+4.7%) continues to align records. The biotechnology company is now worth nearly 19 billion euros on the stock market.

Umicore (+3.1%) rebounded from its fall last week.

On the downside, Ageas (-2.1%) brought up the rear within the Bel 20.

Excluding the index, the flooring specialist Balta Group (-6.6%) tumbled again amid fears of a slowdown in the construction market.

News: Prosus (Amsterdam) – Tencent (Hong Kong)In corporate news, Dutch tech conglomerate Prosus jumped more than 15% despite falling 20% ​​in its annual current profit. The markets especially welcomed the announcement of a share buyback program financed by the sale of Tencent shares. Prosus owns 28.9% of the Chinese technology giant, a stake valued at nearly 100 billion euros at the current price. The Dutch group hopes that this share purchase program will reduce its very high stock market discount. The stock has plunged 45% since its highs at the start of last year due to the tightening of regulations on technology companies in China and the general correction in growth stocks. Euronext Brussels: ArgenX – Umicore / Ageas – BaltaOn Euronext Brussels, ArgenX (+4.7%) continues to align records. The biotech company is now worth nearly 19 billion euros on the stock market. Umicore (+3.1%) rebounded from its fall last week. On the downside, Ageas (-2.1%) closed walking within the Bel 20. Excluding the index, the flooring specialist Balta Group (-6.6%) once again tumbled amid fears of a slowdown in the construction market.

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