The AEX was 0.3% lower at 550 points at eleven o’clock. The AMX fell 0.1% to 800.4 points.
The other European stock markets also declined slightly. The UK FTSE 100, the German DAX and the French CAC 40 lost 0.5%, 0.4% and 0.3% respectively.
Futures pointed to a slightly lower opening for the US stock markets, following pluses of 1.5% to 1.9% on Monday.
Because the number of corona infections is still rising sharply and many countries such as the Netherlands are forced to take stricter measures, investors seem to be somewhat concerned about the economic consequences. 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. ”
Stood at the Dutch main funds Unibail-Rodamco-Westfield with a loss of 2.4% 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.
ABN Amro in ING fell 1.8% and 1.2%, partly in response to price target cuts by the British bank HSBC to € 11 and € 6.30 respectively.
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 took 1.2%. The biotechnology company has been in demand for the past few days as it was given permission to sell its rheumatism drug in Japan and Europe.
Adyen won 1.1%. The payment processor is giving presentations to investors and analysts this afternoon.
ArcelorMittal added 0.7% to its 10.9% profit on Monday, when the steelmaker announced it would sell its US arm.
Philips rose 0.7%. The medical technology company is taking the Dutch state to court for an order for the supply of defibrillators because of alleged errors in the tendering procedure.
In the case of medium-sized funds lost Air France KLM a further 3.7%, following an advice downgrading to sales by HSBC. The bank has reduced the target price to € 2.50.
Real estate fund Eurocommercial Properties lost 2.8%.
Pharming went down 1.9%. On Monday, the biotechnology company won 5%, after a purchase recommendation in the TV program business class.
Basic-Fit fell 1.3%. On Monday it was announced that many branches in France must close and the fitness chain has started legal proceedings against this. In the Netherlands, the branches may remain open.
Trading house Flow Traders was at the top with a gain of 1.4%.
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