At around 9.25 am, the AEX index was 0.2% higher at 549.9 points. The AMX fell 0.1% to 800.4 points. The price signs in London (-0.1%), Paris (-0.9%) and Frankfurt (-0.5%) turned red.
Elsewhere, stock markets were also under pressure. The Japanese Nikkei index closed 1.5% lower this morning. According to the Chinese government, activity in the manufacturing and services sectors increased in September. Figures from market researchers Caixin and Markit also showed that the Chinese industry has continued to grow this month. Growth was slightly lower than in August.
The American stock markets ended on Tuesday evening 0.3% to 0.5% in the red. The stock markets in New York are expected to open 0.6% to 0.8% in the minus this afternoon. The first election debate between US President Donald Trump and his Democratic challenger Joe Biden was unprecedentedly hard and chaotic. Trump not only ran into hard work with Biden, but also with debate leader Chris Wallace because of his many interruptions.
In the AEX was DSM the largest riser with a plus of 4.4%. The specialty chemicals group announced it would sell a large portion of its materials business to Covestro for € 1.6 billion.
Royal Dutch Shell was allowed Add 1.5%. The oil and gas concern announced this morning that it would cut between 7,000 and 9,000 jobs. The intervention should lead to cost savings of $ 2 billion to $ 2.5 billion by 2022.
Steelmaker ArcelorMittal (-2.8%) was the biggest loser among the main funds. Biotechnology concern Galapagos yielded 1.7%.
In de AMX won BAM 1%. The construction group is almost certainly going to cut more than a thousand jobs. The builder expects the reorganization program to generate cost savings of € 100 million per year. According to the builder, the intervention is necessary because of the corona crisis and the disappointing results in the first half year.
Corbion (+ 0.3%) said it had issued $ 170 million worth of debt to five institutional investors. The proceeds are used to repay loans and for general corporate purposes.
Smallcapfonds Ajax (-1.1%) came on Tuesday after the closing bell with results. The listed football club made a profit of € 20.7 million last season. That was a lot less than a year earlier, when the club achieved almost € 52 million profit, partly thanks to the good results in the Champions League.
It’s noted locally Kiadis Pharma (-3.9%) opened the books. The biotechnology company suffered a smaller loss in the first half of the year than a year ago, helped by lower operational costs. Kiadis’ cash position stood at € 19.8 million at the end of June.
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