AEX climbs out of the valley | Financial


At around 1.20 pm the AEX index was almost unchanged at 551.5 points. The AMX rose 0.2% to 802.7 points. The price signs in London (-0.5%), Paris (-0.2%) and Frankfurt (-0.4%) turned red.

The US stock markets are expected to open almost flat this afternoon, following plusses from 1.5% to 1.9% on Monday. According to experts, the strong gains on Monday were partly due to the rebalancing of investment portfolios. Because equities performed much worse than bonds in September, the weighting had fallen below the desired size and institutional parties bought extra.

Investors were also waiting for the first TV debate between US presidential candidates Joe Biden and Donald Trump, set to take place next night. “The uncertainty surrounding the elections is troubling the stock markets,” said Ralph Wessels, head of investment strategy at ABN Amro.

However, a hot topic, according to Wessels, is whether the emergency aid in the US will be extended for victims of the corona crisis. “The markets have benefited in recent months from the liberal policies of central banks. But the Fed is a bit played out at the moment. That is why it is imperative that the Republicans and Democrats make a deal on this. That can give the stock exchanges a boost. ”

In the AEX was Unibail-Rodamco-Westfield with a loss of 3.2% at the bottom. The retail property fund announced that its shareholders will be able to comment on plans to strengthen its financial position on 10 November.

The insurers ASR (-1.6%) in Aegon (-1,5%) were also among the laggards. The bank shares ABN Amro in ING fell 1.6% and 0.8%, partly in response to price target cuts by the British bank HSBC to € 11 and € 6.30 respectively.

Royal Dutch Shell went down 0.8%. According to the British newspaper The Times the energy giant will come up with a further interpretation of the previously announced reorganization on Wednesday.

Manufacturer AkzoNobel (+ 1.7%) was the biggest winner among the main funds. ArcelorMittal added 1.3% to Monday’s 10.9% gain. The steel group then announced that it would sell its American branch.

Adyen also won 1.3%. The payment processor is giving presentations to investors and analysts this afternoon.

Philips rose 1.1%. The medical technology company is taking the Dutch State to court for an order for the supply of defibrillators due to alleged errors in the tendering procedure.

In the case of medium-sized funds lost Air France KLM 3.2% at € 2.89, after an advice cut to sales by HSBC. The bank has reduced the target price to € 2.50.

Flow Traders was the biggest climber in the AMX. The trading house traded 1.7% higher.

Would you like to know more about the financial and sustainable returns that green bonds can deliver? Then register for the online seminar on Thursday evening.

Source link by

*The article has been translated based on the content of Source link by
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!


Please enter your comment!
Please enter your name here