January 22, 2022

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European stocks lose ground over weekend after US jobs report - Wel.nl

European stocks lose ground over weekend after US jobs report – Wel.nl

Amsterdam (AB) – European stock markets started the weekend with losses on Friday. Equity market sentiment prevailed in the final hours of Friday’s session with new US labor market data. Processes in Amsterdam fell due to price pressure from the Chinese technology sector, in which the technology investor has key interests.

The U.S. government report shows that employment in the United States fell significantly in November from a month earlier. This may indicate that the world’s largest economy is not in a worse position than many experts think. But despite disappointing job growth, the numbers may support the Federal Reserve if the US Federal Reserve decides to cut corona support even faster, which investors are not waiting for. Unemployment fell. The percentage of the American population participating in the labor market also increased.

The Beersplein 5 AEX index ended 0.8 percent lower at 772.22 points. Midcap was down 1.9 percent at 1008.12 points. London, Frankfurt and Paris stock markets lost 0.6 percent. The global turmoil over the Omigron variant of the corona virus has been making the stock markets very tense for a week now.

Sensitivity data

Prosus lost almost 3 percent. Investors have boycotted the announcement of the Chinese taxi service Didi from its New York Stock Exchange. U.S. officials want more information from Chinese companies listed on Wall Street. However, Beijing did not want sensitive data on Chinese consumers to be in the hands of Americans, and had already asked Didi to drop the list. Tencent Music is the music streaming service of the technology group Tencent, which has a high interest in the process, which is listed in New York.

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Healthcare technology group Philips and food delivery company Just Eat Takeaway ended at the bottom of the AEX, with discounts of more than 4 percent. ExxonMobil, the paint maker, is a strong climber with a 2.5 percent profit margin. Shell, an oil and gas group, continued to benefit from the rebound in oil prices, gaining 0.6 percent.

U.S. oil prices rose 1.7 percent to $ 67.67 a barrel. Brent oil is up 2.3 percent at $ 71.23 a barrel. The euro was trading at $ 1.1309, up from $ 1.1318 a day earlier.