Huge loss for drifting Damrak | Financial

After a volatile trading day, the AEX closed 1.7% lower at 540.27 points, bringing the weekly loss to 3%. This year the AEX is 11% lower. The AMX lost 1.2% at 793.00 points.

Elsewhere in Europe, the UK FTSE 100 ended 0.9% in the red, as did the French CAC 40 index; the German DAX fell 1.7%.

The US stock markets opened 0.5% to 0.7% but fell back quickly with the Dow down 0.2%, the S & P500 down 1% and the Nasdaq down 2.5%.

Read the Wall Street report here:

The losses on tech stocks could be the start of the longer-awaited turn from sharply rallied tech stocks to lagging so-called value stocks, analysts say.

Many brokers issued Friday: it has been enough for the pricey technology stocks.

Profit taking or rotation?

“To a large extent, this still concerns profit-taking on the tech funds, which did extremely well in recent months. The losses are not really continuing, ”observes Corné van Zeijl of Actiam Vermogensbeheer.

Investors looked through the prices for signals about the US economy. Van Zeijl: “For the first time, the number of unemployment benefit applications fell clearly below one million. That may mean that you need to stimulate the economy less, and that is also a signal for the stock market. ”

The official job figure this afternoon came in at 1.37 million, against an expected 1.32 million. Unemployment fell to 8.4% – the market expected a decline to 9.8%.

According to Rabobank, this is apparently a favorable signal, but his America specialist Philip Marey sees that the recovery in the labor market is clearly slowing down due to obstacles.

Marey: “Actually, the recovery initiated with a lot of stimulation for American workers is weakening. The economy is simply not powerful enough, the effects of the corona virus are now making themselves felt. ”

The euro became about 0.3% cheaper at $ 1.1812. Gold won 1.3%. Bitcoin was skimmed off an additional 3% to $ 10,445. The yield for the US ten-year government debt rose to 0.662%.

ASML and ASMI for sale

The twisted sentiment in the AEX led to 4.1% slot loss for chip machine maker ASML. Sector colleague ASMI went down 7.1%.

Telecom company KPN lost 4.1%. Tech share Prosus became 3.4% cheaper.

Biotechnology company Galapagos, which has already lost more than a third since the news that its rheumatism drug cannot be sold in the US for the time being, fell another 4.5%.

Payment processor Adyen received a buy recommendation from the British bank HSBC. That advice assumes a price potential of another 27%. After a profit of more than 2.5%, it ended with a 1.6% loss.

Chemical company DSM lost 1.2% at the closing bell. With bus and truck manufacturer VDL it started the joint venture Dutch PPE Solutions for the production of medical mouth masks and parts. DSM has a 50% interest.

Meal delivery company Just Eat Takeaway lost 2.6%. The regulators have given permission for the acquisition of the American industry peer Grubhub.

ING in ABN Amro were at the top of the shrinking leading group, with gains of 2% and 3.3% respectively. The possible merger between the two big Spanish banks Caixabank and Bankia fed the fantasy.

Insurer Aegon increased 1.2%, ASR became worth 1.3% more.

Heavyweight Shell was shaved off 0.5%. Brent’s price went southbound by 2% to $ 43.20 a barrel after losing Thursday.

Signify remains in demand

At the medium-sized lighting business ended Signify with 1.8% profit on top, Stainless steel producer Aperam followed with a plus of 1.7%, fitness chain Basic-Fit left 1.4% profit.

Air France KLM converted loss into a final plus of 0.3%. Ryanair has raised approximately € 400 million with a share issue.

Chip supplier Iron closed the trading day at the bottom of the Midcap with a 6.5% decline.

GrandVision fell 1.9%. Belager EssilorLuxottica is appealing against the decision of the preliminary relief judge in Rotterdam. He previously thought it was not necessary for the eyewear giant to gain more insight into business-sensitive information from the optical chain.

Small-cap Advanced Metallurgical Group became 2.7% more expensive in small caps. Charging station maker Elves lost 6.4%.

JDE Peet’s, Douwe Egberts’ parent company, fell 3% in the local market on the announcement of a new one topman.

The maker of meat and fish processing machine Marel ended up 2.3% after the announcement of a large one takeover in Germany. ING calls this a good step.

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