Thursday, February 25, 2021
Home Business Shell speeds up the lower stock market | Financial

Shell speeds up the lower stock market | Financial

Around 4.20 pm the AEX index is 1% lower at 671.5 points. Article link

The AMX drops 0.4% to 992.9 points. Article link

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The price signs in London (-0.4%), Paris (-0.2%) and Frankfurt (-0.4%) also turn red.

According to investment strategist Simon Wiersma (ING), the rising interest rate is leading to significant price fluctuations on the stock markets. “Article link

The financial markets especially find the speed of the interest rate rise somewhat difficult. That leads to volatility, ”he explains. “You can now also see that the price of high-value tech stocks is under pressure, while financials are doing better again.”

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The stock exchanges must absorb the higher interest rates,” agrees asset manager Renco van Schie (Valuedge). While growth stocks are under pressure, value stocks could be catching up. “You see growth and value stocks coming closer together again.”

Elsewhere, the equity markets show a mixed picture. In Asia, the Nikkei in Tokyo ended 0.5% higher this morning. On Wall Street, the Dow Jones index is in the red by 0.3% this afternoon. Nasdaq tech exchange down 1%.

By the way, a signal of economic recovery is the copper price, widely used in construction, car production and infrastructure. Article link

The price of a ton of copper tapped a level of $ 9187 on the Singapore commodity market on Monday, the highest level since 2011.

Aegon in the lead, Prosus at the bottom

In the AEX, the higher interest is a factor for insurers Aegon (+2, 5%) in NN (+ 2.1%) in the map. Aegon is also in demand due to a report from Bloomberg news agency that the insurer plans to sell its Asian operations. Aegon is active in Singapore and Hong Kong, among others, under the name Transamerica. Article link

The division should bring in at least $ 700 million.

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The financial values ​​are also included ABN Amro (+ 0.7%) in ASR (+ 0.7%) on the rise. ING however stands almost unchanged.

Stock market heavyweight Royal Dutch Shell (+ 2.4%) benefits from the higher oil price. Telecom concern KPN (+ 1.2%) and broadcaster Randstad (+0,7%) are also among the winners.

Retail real estate investor Unibail-Rodamco-Westfield becomes worth 0.6% more. Asset manager Berenberg took € 6 off the target price to € 54, but advises to keep the Unibail share.

Heavyweight Prosus is at the bottom of the main funds. Article link

The tech investor is written down 4.1%. Food delivery company Just Eat Takeaway (-3.4%) is also in the lower regions. Article link

The chip machine manufacturers ASMI (-2.5%) in ASML (-2.1%) are also reset.

In the AMX is coffee and tea manufacturer JDE Peet’s the leader with a plus of 2.2%. Maritime service provider SBM Offshore klimt 1,7%.

Iron received a significant increase in price target from ING, from € 50 to € 75 with an upheld buy recommendation. Article link

The chip supplier is up 0.8%.

Air France-KLM goes up 0.6%. Article link

The travel industry accuses KLM of abusing state aid now that the airline is launching holiday packages. Deutsche Bank has lowered the target price for the Air France-KLM share from € 3.50 to € 2.70. A sales advice remains. Article link

The airline company is burning much more cash than previously expected.

Lighting producer Signify (-2.5%) is the biggest loser among the medium-sized funds. Parcel deliverer PostNL (-1.7%) is also one of the laggards.

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The supplier responds to the small cap funds B&S with 0.8% profit on its quarterly results presented. It is considering divesting its cruise branch after disappointing results due to the corona pandemic.

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