Tech stocks at the forefront of AEX recovery | Financial

The AEX was 0.9% higher at 540.9 points at ten o’clock. Monday the index experienced the worst day in three months. The AMX climbed 0.7% to 803.3 points.

The other European stock markets also showed some recovery. The UK FTSE 100, German DAX and French CAC 40 climbed 0.5%, 0.9% and 0.4% respectively.

Most Asian stock markets lost this morning.

Index futures pointed to a roughly 0.5% lower opening for US stock market indicators after they managed to limit losses to 0.1% to 1.8% on Monday.

The rising number of corona infections, particularly in Europe, is making investors cautious, fearing that this will nip the recent economic recovery in the bud. Governments are taking more and more measures to slow down economic activities.

Investors also looked forward to the statement that US Federal Reserve Chairman Jerome Powell will make to Congress. In a pre-published statement, Powell argues that many economic indicators are pointing to improvement, but that US employment and economic activity are still well below pre-corona levels. To the disappointment of many investors, the Fed did not come up with additional stimulus measures earlier this month.

In the AEX went Just Eat Takeaway with a profit of 4.2% in the lead. The food delivery company has been on the rise for a week and a half.

The supplier to the chip sector ASMI climbed 3.2%, on the message that ASM Pacific Technologies’ 25% stake may be disappearing from the Hong Kong stock exchange.

Payment processor Adyen won 2,8%.

ING rose 0.9%, after the blow of more than 9% on Monday in response to the disclosure of money laundering practices in Poland. The Russian oil billionaire Roman Abramovich it now appears to have made more than € 1 billion in transactions via bank accounts at ING Netherlands that were seen as suspicious by Deutsche Bank.

Biotechnology company Galapagos lagged with a loss of 1.4%. Broadcaster Randstad fell 1%.

The medium-sized funds shone PostNL with a plus of 3.4% off.

Smallcap Wereldhave rose 3.7%, on the news that investor Aat van Herk has increased his interest in the real estate fund from 15% to 20.2%.

Elves climbed 3%, on winning an order for the delivery of 4,000 charging points to supply energy company Vattenfall.

TomTom will provide maps, navigation software and other services to the car brand Maserati and gained 0.4%.

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