AEX shows rapid recovery after dip over Trump | Financial

Just after ten o’clock the AEX index stood at 549.61 points, a minus of 0.2%. The Midkap index lost 0.1% at 811.3 points.

Elsewhere in Europe, the stock markets were still quite red. Frankfurt and Paris both fell 0.8%.

Futures now pointed to declines in prices at the start of trading on Wall Street on Friday to 1%.

The main stock market indicators were also under pressure in Asia and Australia. The Australian All Ordinaries fell 1.3 percent and the Nikkei in Tokyo, which could not be traded for a day due to an outage, lost 0.7 percent.

Trump himself announced on Twitter that he and Melania were infected with corona, after it had previously been revealed that an important adviser of his had contracted the virus. The president and his wife are now in quarantine. Trump, 74, is now one of the more than 7.2 million Americans who have become infected with the corona virus. More than 200,000 people in the United States have now died of the lung virus.

Analysts say Trump’s contamination underscores that coronavirus risks are far from gone and that the US election campaign could be disrupted. “The financial markets hate uncertainty and this is what causes it. Not only because of the president, but also because this could mean that the virus is now spreading to the higher echelons of the US government, ”an analyst told Bloomberg news agency.

Philips

In the AEX mainly came Philips under pressure. The medical technology group declined 2.4%.

RD Shell Thursday’s decline continued with a loss of 1%. The price of crude oil (Brent) dipped below $ 40 a barrel this morning.

ABN Amro also ended up in the rear with a price drop of 1.3%. Adyen was 1% lower.

The more defensive KPN fund kept its feet dry. The telecom concern rose 1.2%. ASMI that was already on the rise a day earlier due to a boost in the chip sector, was added 0.1%.

In the Midkap index Air France KLM set 0.2% higher after a weak start. The unions and KLM concluded a deal on a wage sacrifice at the last minute on Thursday evening.

Pharming is hit even harder, with a loss of 2.3%. Flow Traders benefits from the rumble on the stock exchange and goes up 2%.

Oil price

Oil prices fell sharply due to concerns about the Trump contamination and the flaring up of the corona virus. The price of a barrel of oil is 3.3% in the red.

The dollar appreciated against the euro and the British pound. Investors are looking for safe havens, including the US currency, in the event of turmoil in the financial markets.

Support package

Attention will also continue to be paid to the troubles in Washington surrounding the new support package for the US economy. The US House of Representatives on Thursday (local time) approved a new support package for the economy worth $ 2.2 trillion ($ 2,200 billion).

However, it doesn’t appear that the law governing the package will make it in the Senate, where Republicans have a majority. In addition, we are looking forward to the important US jobs report, which will be released later today.

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