Omikron continues to determine stock market sentiment, ASR loses place in AEX

Asia's Tech News Daily

Omikron continues to determine stock market sentiment, ASR loses place in AEX

Photo: ANP

European stocks appear to start the new trading day higher on Wednesday. The Omikron variant of the coronavirus continues to determine sentiment on the stock exchange floors. In Amsterdam, the focus of investors is on ASR, among other things. The insurer will lose its place in the AEX index later this month.

ASR must relinquish its spot to Universal Music Group (UMG), stock exchange operator Euronext announced. The world’s largest music label made its debut on the Damrak in September. The label’s IPO of stars such as Taylor Swift, Billie Eilish and Lady Gaga was one of the largest on Beursplein 5 in years.

ABN AMRO can also count on investors’ attention. The bank is said to have sold the current head office on the Zuidas to a consortium with asset manager Victory Advisors, G&S Vastgoed and builder VolkerWessels. The deal would be worth just under 750 million euros, sources close to the negotiations say.

Secondment Brunel, in turn, announced that it would take over recruitment specialist Taylor Hopkinson. This company specializes in recruitment in the field of renewable energy. Taylor Hopkinson is valued at 32 million euros. Brunel initially buys 72 percent of the shares. The rest may be bought after three years.

Ajax will lose its position in the ACsX index for smaller funds. The listed Amsterdam football club also won its last group match in the Champions League on Tuesday evening. Ajax was already assured of wintering in the lucrative European competition.

European indicators saw a strong recovery on Tuesday. Concerns about Omikron’s economic impact eased with reports of mild symptoms. The AEX index closed 3.5 percent higher. In Frankfurt, London and Paris, pluses of up to 2.9 percent were noted.

In addition, Japan’s economy contracted more sharply in the third quarter of this year than previously reported. This was partly due to the large chip shortages, which made products such as cars and electronics less available.

In addition, the chip sector is in the spotlight. A new study finds that China’s rapid progress in semiconductor technology poses a national security risk to Europe. That is why governments in Europe should invest more in the chip sector.

Omikron continues to determine stock market sentiment, ASR loses place in AEX
Source link Omikron continues to determine stock market sentiment, ASR loses place in AEX

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