Shell and Prosus push AEX down | Financial

At around 10.20 am, the AEX index was 1.7% lower at 562.5 points. The AMX fell 1.2% to 841.3 points. The price signs in London (-1.9%), Paris (-1.7%) and Frankfurt (-2.3%) also turned red.

US Secretary Steven Mnuchin (Finance) put Wall Street under pressure on Wednesday evening. He stated that he was quite gloomy about the likelihood of a new corona support package for the presidential election on 3 November. The American stock exchanges closed Wednesday evening 0.6% to 0.8% lower. The stock markets in New York are expected to open 0.6% to 1.2% in the red this afternoon. The Japanese Nikkei index ended this morning with a loss of 0.5%.

In addition, investors today are focusing on the stricter corona measures in many European countries. For example, France has declared a public health emergency, which will take effect on Saturday. The French authorities can therefore take all kinds of strict measures. A record number of new corona infections has been detected in Germany in the last 24 hours. The number of new infections per day is also increasing rapidly in Great Britain. The British capital London is expected to take stricter measures in the foreseeable future to contain the spread of the corona virus.

On the Brexit front, another important deadline threatens to be missed. The moment will expire on Thursday for which, according to British Prime Minister Boris Johnson, an agreement must be reached on a trade agreement with the European Union before the departure of the British. However, both parties have barely come together during months of negotiations.

ABN Amro in the spotlight

In the AEX the price shot up from Unibail 10.8% up. A group of shareholders led by former Unibail boss Léon Bressler has launched the attack on the retail property fund’s plan to issue shares worth € 3.5 billion.

Just Eat Takeaway plus 0.2%. The meal delivery company was already worth 6.5% more on Wednesday after a cheerful quarterly update.

The AEX was mainly pulled down by the heavyweights Royal Dutch Shell (-3.4%) in Prosus (-3.4%). Broadcaster Randstad yielded 3.5%.

ABN Amro yielded 2.3%. The Public Prosecution Service has almost completed the money laundering investigation against the banking group. According to De Telegraaf, this allows negotiations about a settlement with the bank to start. Analysts suspect the settlement for ABN Amro will amount to about € 400 million.

Technology group stood in the AMX TKH (-3.8%) at the bottom. Aviation concern Air France KLM went down 2.5% due to stricter corona measures in France, among others. Cable and telecom provider Altice Europe (+ 0.3%) was a positive exception for the medium-sized funds.

The supplier of software for customer contact centers CM.Com a chip supplier RoodMicrotec came up with numbers. CM.com (+ 3%) posted a gross profit of € 9.1 million last quarter on a 67% growth in turnover of € 38.5 million. RoodMicrotec (+ 5.7%) achieved a turnover of € 3 million in the third quarter.

It’s noted locally AND (+ 5%) announced to change its company name to GeoJunxion. The navigation manufacturer will focus more on specific route information, such as areas with environmental zones.

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