BAM is chiseled on the red exchange | Financial

At around 10.15 am the AEX index was 0.5% lower at 546 points. The AMX fell 0.1% to 801 points. The price signs in London (+ 0.2%), Paris (-0.3%) and Frankfurt (-0.3%) showed a mixed picture.

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.

Of American stock exchanges ended 0.3% to 0.5% in the red on Tuesday evening. The stock markets in New York are expected to open 0.8% to 1.1% in the minus this afternoon. The first election debate between US President Donald Trump and his Democratic challenger Joe Biden went unprecedentedly hard and chaotic. Trump ran into hard not only 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 3.5%. The specialty chemicals company announced a large part of the materials branch to be sold to Covestro for € 1.6 billion.

Royal Dutch Shell was allowed 1% credit. The oil and gas company announced this morning between the 7000 and 9000 jobs to be deleted. The intervention should lead to cost savings of $ 2 billion to $ 2.5 billion by 2022. Tech investor Prosus (+ 1.5%) also supported the AEX.

Biotechnologieconcern Galapagos (-2.8%) was the biggest loser among the main funds. Steelmaker ArcelorMittal lost 2.7%.

In de AMX won BAM 4%. The construction group is almost certainly going 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 (+ 0.7%) 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.

Soil researcher Fugro (-2.3%) was the biggest laggard among medium-sized funds. Chip supplier Iron left 1.7%.

Smallcapfonds Ajax (-1.1%) came on Tuesday after the closing bell with results. The listed football club booked last season € 20.7 million profit. 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 (-7%) 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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