Corona ruins the fair lunch | Financial

The AEX index fell 0.5% to 538.4 points. The AMX dropped 0.6% to 780.9 points.

The other European stock markets also continued the decline of recent weeks. The UK FTSE 100, German DAX and French CAC 40 index fell 0.3%, 1% and 1.1% respectively.

The futures for the opening of the New York stock exchanges at 3:30 pm are trading lower.

ING reported that several economists have already lowered their expectations for US growth in the fourth quarter.

OHV asset manager Richard Abma points out that the ever-increasing number of corona infections, in particular in Europe, is causing uncertainty, because additional government measures could nullify the fragile economic recovery. “And the upcoming presidential elections in the US are also creating uncertainty, also because Trump threatens not to accept a possible defeat just like that. I think he will be re-elected myself. He may have made mistakes in tackling the corona epidemic, among other things, but he has delivered on many election promises. ”

Abma notes that the Democrats’ proposal for a new $ 2,400 billion bailout package on Thursday provided only brief support for the stock markets. “An agreement could be gasoline for the market, but the question remains whether it will be here before the elections.”

Good luck for Galapagos

The suppliers to the chip sector were among the Dutch main funds ASMI in ASML at the bottom with losses of 2.5% and 1.5% respectively. Tech investor Prosus also had a hard time with a decline of 2.2%.

Galapagos went ahead with a plus of 2.3%. The biotechnology company reported that its filgotinib drug has been approved in Japan for the treatment of rheumatism. Good news for Galapagos, said the KBC Securities analyst. However, the American market remains a question mark, because the FDA will not allow introduction for the time being.

Oil and gas supplier Shell (+ 1%) responded to the report that it is not using the acquired drilling rights off the coast of Northern Alaska.

Unibail-Rodamco-Westfield was 0.8% in recovery, after the announcement of a share issue tipped the retail landlord earlier this month.

Aegon (+ 1.3%), which would like to sell its Eastern European parts, climbed 0.7%.

Air France KLM, that may require a share issue, was downgraded by an additional 5%. This brought the airline to under € 3 for the first time.

Builders BAM fell 2.5%. ABN Amro has become more gloomy about the construction market for next year. The strongest fallers are in non-residential construction (-4%), according to her sector economist Madeline Buijs.

Basic-Fit fell a further 2.4% after losing 9% on Thursday. ING points out that the fitness chain has had to close branches in nine major cities in French cities for two weeks due to stricter corona measures and fears that it will not stop there. The bank nevertheless maintains the purchase recommendation.

Bioplasticproducent Corbion was standing with 1.3% profit at the top.

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