Tap for Shell in lower AEX | Financial

The AEX index was 1% lower at a quarter past twelve at 595.1 points. Technical analyst Nico Bakker expects a slightly further correction, but is quite optimistic for the coming weeks. “The placement of the top at more than 604 points was accompanied by a lot of euphoria and are now being corrected. The span at the top of the playing field has to be cleaned up and that normally happens with a descent, in this case to possibly 580 or 575 points. If there is soil in that region, there are again opportunities to buy. ”

The AMX fell 0.7% to 871 points. The price signs in London (-0.9%), Frankfurt (-1.1%) and Paris (-0.8%) also turned red.

From American stock exchanges went down 0.8% to 1.2% on Wednesday. The mood on Wall Street was weighed down by the temporary closure of schools in New York due to the increasing number of corona infections. Wall Street is expected to open 0.4% to 0.5% lower this afternoon.

Virus concerns returned to financial markets after corona deaths in the US rose above 250,000 on Wednesday. In Italy and Turkey, the number of deaths on a daily basis rose to the highest level since April. Better news came from ING’s economic bureau, which predicted that the Dutch economy will recover from the corona crisis sooner than expected.

Unibail-Rodamco-Westfield was the largest drop among the Dutch main funds with a minus of 4.1%. The retail property fund announced that on Wednesday evening topman Christophe Cuvillier will be succeeded by Jean-Marie Tritant on 1 January. Previously, reports had emerged that the position of the top of the company had become unsustainable due to the failure of a planned share issue worth € 3.5 billion.

The AEX was mainly pulled down by the stock market weight Royal Dutch Shell (-3.1%). Steelmaker ArcelorMittal yielded 2.3%.

Insurer Aegon lost 2.1%, despite a target increase to € 3.30 by the American bank Morgan Stanley.

Ahold Delhaize went with a plus of 1.3% in the lead. The supermarket group buys a majority stake in the online supermarket FreshDirect from New York.

Informatieleverancier Wolters Kluwer was allowed to add 0.9%.

The AMX was a tank storage concern Vopak (+ 1.8%) the front runner. Chip supplier Iron plus 1.5%.

Arcadis (+ 1.4%) this morning unfolded the new strategy. The consultancy and engineering firm wants to increase its profitability and strives for stronger growth of the annual turnover under its own steam. Asset manager KBC Securities called the new targets ‘ambitious’ and raised the target price from € 22 to € 26.50 with an unchanged purchase recommendation.

Pharming (+ 1.2%) late a new production facility build in Oss. With this, the biotech company wants to expand its processing capacity of its main agent Ruconest.

Air France KLM (-3.4%) was the biggest laggard among medium-sized funds. This week reports appeared that the aviation group billions of euros extra wants to collect from the French and Dutch State and from investors. An import tax on Boeing aircraft will cost KLM an estimated € 100 million.

PostNL yielded 1.6%. Employees of the postal company, except for postal workers who have their own collective labor agreement, receive 5.5% more wages in steps. This year the wage increase is 2.5%. Next year, 3% will be added, according to the agreement in principle. The agreement applies to approximately 18,000 employees.

Corbion fell 0.5%, although British bank Barclays put the producer of lactic acid and food ingredients on the buy list.

Smallcapfonds Lucas Bols won 1.9%. The profit and turnover of the beverage manufacturer fell sharply in the first half of the broken financial year. Nevertheless, in recent months, following the relaxation of lockdown measures worldwide, there has been a strong recovery.

Dutch Star Companies Two makes its debut on the Damrak on Thursday with a price gain of 4%. The investment vehicle wants to help a private company to the Damrak, just like with its predecessor Dutch Star Companies One.

What should you do with your savings? Are stocks a good alternative in these uncertain times? Jim Tehupuring and Stefaan Casteleyn from 1Vermogensbeheer will give their vision during a free webinar tonight. Report you for free.

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