Code red for KLM on considerably lower stock exchange | Financial

At around 11 a.m., the AEX index was 2.2% lower at 557.7 points. The AMX fell 1.7% to 799.5 points. The price signs in London (-2%), Paris (-2%) and Frankfurt (-1.2%) also turned red.

Elsewhere, the stock markets showed a mixed picture. The Japanese Nikkei index closed 0.2% higher this morning. On Wall Street the Dow Jones index ended 0.3% in the red. Network giant Cisco made a price drop of more than 11% after disappointing quarterly figures. Tech exchange Nasdaq went up 0.3% on the day. The stock exchanges in New York are expected to open 0.2% to 0.8% in the min.

Investors were still awaiting the extension of the bailout package for Americans affected by the corona crisis. No fewer than 322,000 jobs were lost in the Netherlands in the past quarter. This morning also showed that the Dutch economy in the past quarter shrunk by 8.5%.

In the completely red AEX was ABN Amro (-5%) the biggest loser. The bank’s share rose considerably earlier this week hard interventions at the investment bank.

Aegon fell 3.6%. The insurer plummeted more than 15% on Thursday after disappointing quarterly figures.

Real estate fund Unibail-Rodamco-Westfield also gave up 3.6%. Steelmaker ArcelorMittal was written down 3.2%. The AEX was also pushed by heavyweight Royal Dutch Shell (-3,2%).

In de AMX was PostNL the biggest winner with an increase of 2.8% to € 2.49. Asset manager Jefferies increased the target price for the mail and parcel deliverer from € 1.80 to € 2.60 with an unchanged ‘keep’ advice.

Flow Traders plus 2.1%. The trading house benefited again in the second quarter from increased trading volumes due to turmoil in the financial markets during the corona crisis. Well that was benefit considerably less than in the first three months of the year, when the major price drop in March caused many additional trade movements.

Air France KLM (-5.5%) was the largest drop in medium-sized funds. Aviation stocks were also under pressure elsewhere in Europe. Investors were shocked by the UK’s decision to include travelers from France and the Netherlands must be in self-isolation for fourteen days. France was already threatening the British with countermeasures. The fact that Paris and the area around Marseille have been declared ‘red’ zones with a high risk of corona infections, did not help Air France KLM’s course either.

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