KPN bright spot on considerably lower AEX | Financial

The AEX index ended 2.1% lower at 534.09 points. The AMX fell 2.8% to 770.80 points. The price signs in London (-2.6%), Paris (-3.7%) and Frankfurt (-4.4%) also turned deep red.

According to Rabobank economist Stefan Koopman, the second corona wave and the increasing number of lockdowns in Europe caused a gloomy mood on the stock markets. “The lockdowns put a brake on economic activity in the fourth quarter.” Next Tuesday’s US presidential elections also led to price pressure. “Investors are less willing to take risks in the run-up to the elections,” Koopman explains.

On this negative trading day, Ralph Wessels, head of investment strategy at ABN Amro, reported that the bank has become more positive about equities and has adjusted its strategy from ‘slightly underweight’ to ‘neutral’. “Stock markets are always looking ahead. We expect the global economy to show a gradual recovery in 2021, especially if several corona vaccines are available from the summer, ”Wessels emphasizes. According to him, this recovery is likely to come with the necessary shocks and volatility.

‘Hints from ECB’

By the way, the ECB will issue its explanation of the interest rate decision on Thursday. Rabo economist Koopman takes into account that ECB president Christine Lagarde will give hints tomorrow that the central bank will announce in December that the buy-back program will be extended until the end of next year due to the corona crisis. The current program will run until June 2021.

Wall Street showed a divided picture on Tuesday evening. The news that a deal between Republicans and Democrats on new corona support is all but out of the question in the short term weighed on sentiment. After exchange, Microsoft came out with figures. The software giant’s forecast for the current quarter was somewhat disappointing. The American stock exchanges prices were 2.6% to 2.9% lower this afternoon. Many investors on Wall Street are already looking ahead to Thursday evening, as the tech giants Amazon, Apple, Facebook and Alphabet will come up with results.

Unibail and Randstad at the bottom

In the AEX was a retail property fund Unibail-Rodamco-Westfield the biggest drop with a loss of 6.5%. Broadcaster Randstad went down 5.8%.

Insurer Aegon (-5%) also suffered a significant exchange rate loss. The AEX was further mainly pulled down by the heavyweights Royal Dutch Shell (-2,3%), Unilever (-3.1%) in ING (-4,3%).

Heineken was worth 3.2% less. The brewer still suffers from the corona crisis. Heineken is therefore going to severely cut its workforce. The decline in beer sales in the third quarter was much less than in the previous quarter, but there is great caution about the outlook.

KPN (+ 0.5%) was the only riser among the main funds. The telecom concern is more positive profitability throughout 2020, after a solid performance in the third quarter.

Dived into the AMX Air France KLM 5.8% down. Chip supplier Iron even lost 6.1%.

Flow Traders was the largest riser among medium-sized funds. The trading house was worth 3.1% more. Soil researcher Fugro was allowed to add 2.6%.

Smallcapfonds Vastned yielded 0.4%. The retail property fund does not think that the new measures against the corona virus will have major consequences for its own business operations.

ICT Group stole the show and shot up 8.8%. The automation company further increased turnover in the past quarter.

Sligro had to give up 6.3%. ABN Amro has removed the wholesaler from the purchase list.

In the run-up to the presidential elections in the US, BinckBank has conducted an analysis, which shows that Dutch investors are investing a quarter of their money in US shares. Tesla, Apple and Amazon are the favorite investments.

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