KLM dives down on red exchange | Financial

0
5


At around noon, the AEX index was 0.3% lower at 550 points. The AMX fell 0.01% to 801.1 points. The price signs in London (-0.8%), Paris (-0.5%) and Frankfurt (-0.7%) also turned red.

The US stock markets are expected to open about 0.2% lower this afternoon, after the pluses of 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% 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.

Insurer Aegon gave up 2.4%. The bank shares ABN Amro in ING fell 2.2% and 1.7%, partly in response to price target cuts by the British bank HSBC to € 11 and € 6.30 respectively.

Royal Dutch Shell went down 1.6%. According to the British newspaper The Times the energy giant will come up with a further interpretation of the previously announced reorganization on Wednesday.

Galapagos (+ 1.6%) was the biggest winner among the main funds. The biotechnology company was also popular in recent trading days, as it was given permission to sell its rheumatism drug in Japan and Europe.

Adyen won 1.2%. The payment processor is giving presentations to investors and analysts this afternoon.

ArcelorMittal added 1.1% to profit of 10.9% on Monday. The steel group then announced that it would sell its American branch.

Philips rose 0.6%. 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 a further 4.3% at € 2.86, following 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 https://www.telegraaf.nl/financieel/1253012788/klm-duikt-omlaag-op-rode-beurs

*The article has been translated based on the content of Source link by https://www.telegraaf.nl/financieel/1253012788/klm-duikt-omlaag-op-rode-beurs
. 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!

LEAVE A REPLY

Please enter your comment!
Please enter your name here