Loss for AEX falls sharply | Financial

The AEX is 0.1% lower at 733.6 points at a quarter to four. On Tuesday, the index reached an intraday record of 736.33 points. The AMX is 0.1% lower at 1043 points.

Most other European stock market indicators are losing more ground. The UK’s FTSE 100, Germany’s DAX and French CAC 40 are down 0.4%, 0.8% and 0.6% respectively.

In Asia the Nikkei lost ground this morning. China’s industry is cooling down. The index for its industry fell from 51.0 points in May to 50.9 in June. According to analysts, that was better than the expectation of 50.7 points. China has now experienced three months in a row of slowing growth.

Countries in Asia are extending lockdowns because of the Delta virus.

The US stock markets started almost unchanged. After 15 minutes of trading, the Dow Jones is 0.2% higher and the Nasdaq index 0.1% lower.

The report from payroll processor ADP shows that 692,000 jobs were added in the US in June, clearly more than expected. The official figures will be released on Friday. “Everyone is waiting for new impulses and therefore for Friday’s labor market report,” ING market analyst Simon Wiersma sums up the mood.

Consumer prices in the eurozone have risen, but at a slower pace than expected. The yield for a 10-year US Treasury bond is somewhat lower at 1.46%.

The German bund contracted to -0.191%. German inflation growth slowed to 2.3% last month, from 2.5% in May. That is still above the European Central Bank’s target.

“The current price developments are purely the effect of the end of the month and the half year. Many funds now have to adjust their positions in equities and bonds back to the agreements through rebalancing. That does not suddenly happen at the close of trading, that causes too much price movement,” says Renco van Schie of Valuedge Asset Management. “That rebalancing also explains the movements in the bond markets.”

Gold is down 0.5% to $1758 per troy ounce (31.1 grams). The precious metal has not had such a bad month since 2016.

Adyen leader

At the main funds is meal delivery Just Eat Takeaway with a loss of 1.7% at the bottom. AkzoNobel drops 1.4%, although investment bank Kepler Cheuvreux has removed the paint manufacturer from its sales list. The suppliers to the chip sector ASML on ASMI lose about 1%.

big gritter Ahold Delhaize leads with 0.6% price gain. real estate fund Unibail-Rodamco-Westfield klimt 0,8%.

KPN wins 0.7%.

GrandVision moves 14% higher in the Midcap funds. After legal wrangling, the parent company of optical retailer Pearle has been taken over for €7.2 billion by the French-Italian eyewear group EssilorLuxottica.

“After considering all options, we have decided to proceed with an immediate closing of the deal,” chief executive Francesco Milleri said after trading on Tuesday.

Shareholders of EssilorLuxottica voted Tuesday to sell the 76.72% stake of THING (+6.6%) in GrandVision at €28.42 per share.

The operator of parcel lockers Inpost follows at a distance with 2.3% price gain.

engineering firm Arcadis continues the correction of the past few weeks with a minus of 2%.

Air France KLM drops 0.9% on concerns about travel restrictions in multiple countries.

Smallcap Vivoryon Therapeutics yields 2%. The biotech company rose 10.8% on Tuesday after a licensing deal with Simcere Pharmaceutical Group came closer, allowing it to extend its current cash position for three more quarters.

From spac Climate Transition Capital (CTC) loses 3.5% on its debut on Euronext Amsterdam. The empty stock shell with a bag of money is looking for a takeover that will use its listing.

Would you like to receive the DFT Newsletter automatically every morning by e-mail from now on? Then you can sign up here.

–