U.S. government reopens after historic 43-day shutdown as markets rally
The U.S. government has resumed normal operations after a 43-day shutdown, the longest in American history. Federal employees will receive back pay, and the government is funded until January 30. Meanwhile, the AEX index has gained 0.3 percent, reacting positively to the shutdown's end.
Aegon, the Dutch insurer, has seen its capital position grow by 27 percent to €1.9 billion. This growth is partly due to the sale of its stake in ASR. The company will present an update on its strategy, financial goals, and a potential headquarters relocation to the U.S. East Coast on December 10. Lard Friese, Aegon's CEO, will lead this presentation.
In other news, Siemens, the German industrial giant, has reported a record profit for the third consecutive year. Net earnings rose 16 percent to €10.4 billion. The company has also achieved record profits and growth in both order intake and revenue for the third year in a row, according to CEO Roland Busch.
On the stock market, ASML, a semiconductor equipment manufacturer, was among the top performers, rising 1.8 percent. Oil services provider SBM Offshore soared 6.6 percent after raising its full-year guidance to approximately $1.65 billion. Insurer Aegon surged 1.3 percent after reporting it remains on track to meet its annual targets, with sales of individual life insurance policies in the U.S. jumping 39 percent in the third quarter.
The end of the U.S. government shutdown has boosted the AEX index, with Aegon and other companies reporting positive news. Aegon's strategic update and potential relocation, along with Siemens' record profits, highlight the ongoing strength and resilience of these companies.
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