AEX drops on oil and steel selling pressure | Financial

AEX drops on oil and steel selling pressure |  Financial

The AEX index closed down 0.7% at 769.78 points. The AMX index fell 0.5% to 1089.4 points.

The mood in Damrak was weighed down by Chinese retail sales and industrial production, which rose less sharply in July than expected. As a result, the Chinese economic recovery appears to be weakening, in part due to the delta variant of the coronavirus and floods.

Despite a poor start to the new week, asset manager Richard Abma (OHV) still sees a bright future. The stock climate remains good. Most of the company’s numbers have been positive in recent weeks. Central banks are also continuing to stimulate and interest rates are low.”

The Taliban’s invasion of Afghanistan caused slight turmoil in stock markets on Monday. “This could pose a risk of turmoil in the world in the long run,” Obama warns.

Earnings season, in which many companies report results, is now over. Later in the week, Dutch builders BAM and Heijmans and payment firm Adyen will report results.

Investors are also looking forward to the minutes of the meeting of the Federal Reserve, the US central banking system, which will be released on Wednesday. β€œIt’s still too early for the Fed to hit the brakes hard. They’ll probably confirm that in minutes,” explains Aba, the wealth strategist.

The pros are below

Dive in AEX Positives 3.8% down. The tech investor suffers a 4% drop in the price of his Tencent stock on the China stock exchange. Prosus also reported that a capital restructuring has been completed, increasing the number of freely tradable shares from 27% to about 60%.

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Royal Dutch Shell (-2.3%) It is also under pressure due to a significant drop in the price of oil. The energy giant also received a buy recommendation from analysts from AlphaValue/Baader. steel manufacturer Arcelor Metal It loses 2.1%.

Chemical distribution IMCD It posted a gain of 0.6%. New favorite Egon It’s still up 0.9% after the good run last week.

There is an ejection connector in the AMX PostNL (+1.6%) The biggest bullish. TKH However, in the stern with minus 2.4%. The technology group will release its semi-annual numbers on Tuesday.

flight group Air France KLM drops of 2%. Germany will reduce its stake in KLM’s competitor Lufthansa. In the coming weeks, 5% of the shares will be put on the market. Berlin received a fifth of Lufthansa as part of a multi-billion dollar aid package to guide the group through the Corona crisis.

In Small Funds, Real Estate Logistics Developer and Operator CTP (Onv.) In the purchase of the Amsterdam City Hub logistics complex for businesses under construction. Billionaire Remon Vos will pay 307 million euros for it, which, according to the company, is the largest amount ever paid in the Netherlands for a single piece of logistics real estate. CTP has been listed on the Amsterdam Stock Exchange since March.

There may soon be a newcomer at Beursplein 5. Trade newspaper Handelsblatt reports that German media group Bertelsmann wants to list its Luxembourg subsidiary Majorel Majorel this fall. Will Bertelsmann op Business value of up to 3 billion euros for a call center operator.

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