Banks quickly sink; BAM gets hit | Financial

The AEX index is trading 0.1% lower at 606.91 points around half past nine. The Midkap index declines 0.5% to 896.5 points.

The stock exchanges in London, Paris and Frankfurt are also taking it easy.

On Wall Street, the Dow Jones index landed above 30,000 points for the first time in history on Tuesday. The broad S&P 500 also reached a record level partly due to the diminished political unrest in the US after President Trump appears to be paving the way for Biden to the White House.

Oil (Brent) continues its vigorous recovery above $ 48 a barrel. The value of oil is up more than a quarter in November alone, helped by positive test results from corona vaccines. According to experts, the oil price will rise further in the coming months, now that the road to recovery from the crisis seems to be on track.

Banks quickly sink

After a positive start, popular banks in the AEX had to give up ground quickly. ING price 0.9% lower. higher. ABN Amro becomes worth 2% less. The ECB wants to allow financial institutions that are in good shape next year to possibly start paying dividends to their shareholders again. At the end of March, the ECB asked banks not to pay a dividend during the corona crisis.

RD Shell sees the opening profit also evaporate to a minus of 0.5%.

Unibail-Rodamco-Westfield loses 0.6%. The real estate fund will issue new bonds in two tranches, with terms of 6 and 11 years.

Arcelor Mittal gets 0.6% more. The steel concern is the favorite stock at Deutsche Bank.

In the Midkap sinks Altice 2% gone. The private investor Next Private made a formal offer for the cable and telecom group. The investment vehicle of businessman Patrick Drahi, the founder of Altice, has 2.5 billion euros available for this.

Air France KLM in trek

Air France KLM is a high flyer with a price jump of 2.7%. Fugro is also sought after with a 6% gain. BAM was hit by profit taking and is down 8%.

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