AEX almost wipes away tech dip with leading role Aegon | Financial

The AEX noted around a quarter to three 0.1% lower at 557.18 points, after opening at almost 560 points. The AMX did a lot better with strong support from PostNL and gained 1.1% on 837.5 points.

Other European stock markets looked up. The German DAX and the French CAC 40 thickened up to 0.5%.

On Monday, investors were still very confident that the Democrats and Republicans will reach an agreement on a new stimulus package this week, as this is being negotiated at a high level. But the optimism about this decreased, due to the lack of positive signals. The package is necessary to be able to continue the economic recovery of recent months.

Trump, infected by the corona virus, returned from the hospital to the White House on Monday evening (local time). He reported on Twitter that he was not afraid of the virus and promised that a vaccine will be available soon.

ECB President Christine Lagarde expressed in a digital interview with The Wall Street Journal that she was concerned about the progress of the economic recovery in the eurozone. In addition, Lagarde said that, if necessary, the ECB will be ready with extra monetary stimulus.

According to Cees Smit, trader at Today’s Group, sector rotation will play a role on the Damrak on Tuesday. “The expensive tech funds in particular, including Adyen and ASML, are under pressure and this year’s laggards, such as Shell, are being picked up. This trend is expected to continue in the coming months. In the general stock market climate, the focus is on the American elections. Furthermore, we are waiting for the start of the new earnings season, with most companies likely to be cautious about the forecast in the fourth quarter due to the corona effects. ”

AEX funds that did very well on the stock market this year were at the bottom. IMCD dangled at the bottom, losing 2.5%. Fine chemicals company DSM followed with a minus of 2.1%.

Payment processor Adyen fell 2%, despite a buy recommendation from Credit Suisse.

Investors dived into the biggest laggards of this year. Retail real estate fund Unibail-Rodamco-Westfield posted a profit of 1.7%.

Financial values ​​showed a cheerful picture ABN Amro gained 4.5%. The bank announced at the end of November that it would provide more clarity about the new strategy. After the recent merger in the Spanish banking sector, Smit anticipates that the takeover fantasy among investors will increase for further consolidation in Europe. ING saw the price pick up 4%. Insurer Aegon led the list of winners and shot up 5.1%.

Shell gained 2.9% buoyed by the further rebound in oil prices (Bnrent) to above $ 42 a barrel. Last week, the energy giant landed at its lowest level in about 25 years. Smit calls the price drop in recent weeks ‘excessive’. He points out that the oil and gas concern is taking steps with the transformation to clean energy, such as making electric fueling possible.

The medium-sized funds shone PostNL from. The stock shot up 11.9% after the postal company raised its forecast for annual profit and its dividend distribution is going to resume. KBC emphasized in a response that the new profit forecast that PostNL has announced for 2020 is higher than expected.

Maritime service provider Boskalis continued the strong march of the last days with a gain of 3.7%. Fugro also joined the front runners with 3.8% progress.

Smallcap Elves fell 1.1% despite winning a contract to supply charging stations for electric cars in London. Lucas Bols slowed down at a minus of 3.2%. On Monday, the beverage manufacturer shot up even more because the company was named as a takeover candidate.

Stock market operator Euronext lost 1% on the local market, after being taken off the purchase list by KBC.

JDE Peet’s was down%. Credit Suisse has put the coffee supplier on the sales list.

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