The AEX stands unchanged at a quarter to four at 758.3 points, after having dropped to 751.4 points around a quarter past four. The AMX falls 0.7% to 1055.9 points.
Most other European stock exchanges are doing worse. The British FTSE 100 and the German DAX are down 0.5%. The French CAC 40 fluctuates around Thursday’s close.
The eurozone economy has emerged from recession, thanks to the easing of corona measures and the global economic recovery. In the second quarter there was growth again, after two previous quarters of contraction.
Partly due to the disappointing quarterly report with which internet giant Amazon announced on Thursday evening, the American stock exchanges lose at opening. After fifteen minutes of trading, the Dow Jones is 0.1% and the Nasdaq index 0.7% lower.
Krist Plaizier, asset manager at Fintessa, emphasizes that the US central bank (Fed) in particular has ensured that investors moved into equities across a broad front this week. “Keeping the Fed open on the decision to go” tapering, gave support to the market.”
The mainly good quarterly figures with Shell and Arcelor in the lead also contributed to the good mood, according to Plaizier. “With the substantial increase in its dividend, Shell is back in the picture as a fund for widows and orphans.”
With the sunny stock market climate, Plaizier sees few obstacles in the way for the time being. “Due to the Fed’s reticence and low interest rates, there is still hardly any alternative to equities. Get a good mix of both cyclical stocks and tech funds to get through the summer break with lower trading volumes.”
Prosus sinks again
The AEX states Unibail Rodamco Westfield with a price loss of 4.6% firmly at the bottom. The real estate group released a disappointing half-year report earlier this week.
prosus loses 2.3% as Chinese tech stocks tumbled again this morning. The tech investor could have recovered nicely from the blows at the beginning of this week in the past two days. Payment Processor Adyen is looking at a loss of 1.7%.
RD Shell slips 0.8%. A day earlier, the oil and gas giant was still on the rise after the enthusiastically received results.
lighting company Signify leads the way with a plus of 1.8%. Food and Cleaning Products Manufacturer Unilever gains 1.1%.
The operator of parcel safes is among the medium-sized funds Post with a 6% loss at the bottom, in response to the sale of 9 million shares by major shareholder Templeton to institutional investors.
Soil researcher fugro yields 4.7%.
Air France KLM drops 2.9%. The airline group suffered a loss of almost €1.5 billion in the second quarter, but does see some bright spots.
WDP climbs 1.8%. The logistics real estate group raised its expectations for the full year after an increase in profits in the first half.
aperam increases 1.1%. The steel group almost doubled its net profit in the second quarter thanks to favorable price developments.
AScX fund Brunel likes it with a gain of 2.4%. The secondment company is positive about the second half of the year with an expected growth in turnover.
Going to the local market Euronext 4.2% ahead. The stock exchange operator recorded more turnover and profit last quarter and saw a record number of 62 IPOs.
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AEX completely eliminates morning loss | Financial
Source link AEX completely eliminates morning loss | Financial