Corbion in demand on red stock | Financial

At around 12.25 pm, the AEX index was 0.4% lower at 543.5 points. The AMX fell 0.4% to 789.5 points. The price signs in London (-0.5%), Paris (-0.5%) and Frankfurt (-0.2%) also turned red.

“Investors fear that stricter corona measures will disrupt the economic recovery,” said asset manager Jan-willem Nijkamp (Fintessa). This has been causing turbulence in the stock market for several days, with sharp declines alternating with strong recovery movements. “The bears and bulls are fighting each other at the fair. But the negative news is now starting to dominate. ” Nijkamp expects the stock market volatility to continue until the start of the quarterly earnings season in the course of next month.

The most important indicators on Wall Street fell hard on Wednesday evening, with tech exchange Nasdaq even having to give up more than 3%. The depressed mood among US investors was fueled by the gloomy statements by Fed Chairman Jerome Powell about the state of the US economy. The message was urgent extra support from the government to deal with the blow of the corona crisis.

On Wall Street, the Dow Jones index is expected to open 0.1% lower this afternoon. An approximately 0.6% lower opening is foreseen for the Nasdaq. An hour before stock market trading starts in New York, weekly unemployment claims in the US are announced.

Bank shares for profit

Bank shares went into the AEX ABN Amro (+ 1.3%) and ING (+ 1%) in the lead. ING was out of favor with investors early this week due to stories about the Polish arm, which helped send billions in criminal money out of Russia.

Royal Dutch Shell progressed 0.9%. The oil and gas concern said it was considering a sale of its stake in the Malampaya gas project in the Philippines. Food giant Unilever became worth 0.5% more.

Biotechconcern Galapagos (-2.2%) was the biggest loser among the main funds. The tech funds ASML (-2.2%) in Prosus (-1.7%) were also among the laggards.

Adyen was worth 0.3% less. Technology CEO Arnout Schuijff will step down from his board position at the digital payment processor on 1 January. He is one of the founders of the Amsterdam fintech company.

In the AMX went aviation concern Air France KLM 5% down. Gym chain Basic-Fit was written down 4.3%.

Corbion (+ 5.2%) was the leader among medium-sized funds. The chemical company and the French oil company Total will merge build a new factory for the production of polylactic acid bioplastic, PLA bioplastic.

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