The AEX falls 0.5% to 754.3 points, after closing on a record on Thursday. The AMX falls 0.9% to 1053.7 points.
The other European stock markets also fell. The British FTSE 100 and the German DAX are down 0.8%. The French CAC 40 keeps the loss limited to 0.4%.
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.
At four o’clock it turned out that American consumers have clearly become less optimistic compared to a month earlier, partly due to the sharp rise in prices. This weighed on the sentiment. The stock market indicators in the US were also affected by the disappointing quarterly report with which Amazon came out on Thursday evening. The S&P 500 and the Nasdaq index, in which this internet giant is located, lost 0.5% and 0.8% respectively when the European stock markets closed.
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 3.8% firmly at the bottom. The real estate group released a disappointing half-year report earlier this week.
Payment Processor Adyen is looking at a loss of 2.8%.
prosus loses 2.1% 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.
RD Shell slips 1.3%. A day earlier, the oil and gas giant was still on the rise after the enthusiastically received results.
Chemicals distributor IMCD and lighting company Signify lead the way with pluses of 1.6% and 1.4%. Food and Cleaning Products Manufacturer Unilever gains 0.7%.
The operator of parcel safes is among the medium-sized funds Post with a loss of 5.8% at the bottom, in response to the sale of 9 million shares by major shareholder Templeton to institutional investors.
Air France KLM drops 4.6%. The airline group suffered a loss of almost €1.5 billion in the second quarter, but does see some bright spots.
Soil researcher fugro yields 4.2%. aperam drops 0.4%. The steel group almost doubled its net profit in the second quarter thanks to favorable price developments.
WDP climbs 1.7%. The logistics real estate group raised its expectations for the full year after an increase in profits in the first half.
AScX fund Brunel likes it with a gain of 2.8%. The secondment company is positive about the second half of the year with an expected growth in turnover.
Going to the local market Euronext 5.3% ahead. The stock exchange operator recorded more turnover and profit last quarter and saw a record number of 62 IPOs.
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Decline in consumer confidence lowers AEX | Financial
Source link Decline in consumer confidence lowers AEX | Financial