AEX under 575 points, ABN and Shell biggest losers Financial


The AEX index was around 11 a.m., after a 0.4% gain on Tuesday, 1.1% lower at 574.2 points. The AMX index went from a 0.8% gain to a 0.1% loss at 775.6 points.

Statistics Netherlands reported virtually unchanged consumer confidence in July, reaching -26 index levels, down from -27 in June.

Statistics Netherlands confirmed the largest decrease in investments ever measured.

Elsewhere in Europe, the German DAX lost 0.2%, as did the British FTSE 100. The French CAC-40 lost 0.5%.

The Japanese largest stock exchange Nikkei 225 ended 0.6% lower on Wednesday. The Japanese stock markets remain closed on Thursday and Friday due to national holidays.

The Dow-Jones index ended 0.6% in the plus on Tuesday at 26,840.40 points. DAF parent company Paccer shot up there. The first futures for the Dow Jones and S&P 500 before the opening of the New York stock exchanges at 3:30 PM were down 0.5%.

President Trump warned that in the largest economy, the corona virus “will get worse before it gets better.” On Tuesday evening, this was seen as a turning point in his vision of tackling the crisis. The number of infections has risen to 14.9 million worldwide, according to the Johns Hopkins Institute, 615,754 people have died.

Investors responded to mounting tensions between China and the United States. Beijing denounced Washington’s demand to close the Chinese Consulate in Houston.

The euro rose briefly to $ 1.1547. Gold took a sprint to $ 1857, then dropped slightly. Silver went to a record. Brent oil fell 1% to $ 43.90 a barrel.

Slight loss AkzoNobel

ABN Amro (-3.5%) led the losers. The bank received a price target increase from Jefferies, from € 8.40 to € 9.50 with unchanged advice to keep the share.

Royal Dutch Shell (-3.1%) remains involved in a case surrounding alleged Nigerian corruption. The Italian judiciary reported that it wanted to impose a prison sentence on a Shell director, as well as CEO Claudio Descalzi of the Italian oil and gas group Eni for alleged corruption in Nigeria.

Financials ING in ASR lost over 2%. With insurer Aegon (-2%) BlackRock reduced its stake slightly to 5.3%. Sector member ASR lost 1.4%.

Philips lost 1.1%. The healthcare technology group would be want to sell household goods division.

Paintmaker AkzoNobel (-0.7%) reported a 19% lower turnover for the second quarter. That was in line with a statement from the paint manufacturer last week. KBC Securities raised its price target from € 85 to € 90 with a continued add-on advice.

Broadcaster Randstad The day after its quarterly results presentation (-0.9%), KBC Securities saw a price target increase from € 38 to € 46, following a holding advice.

The share KPN stayed right after the auction of spectrum for the new 5G network. The telecom company was allocated frequencies with T-Mobile and VodafoneZiggo. KPN paid € 416 million.

The winners were left alone ASMI (+ 0.4%) in DSM (+ 0.3%), but their profits shrank.

Cable company Altice (+2,7%) The medium-sized funds received an advisory increase, from neutral to overweight, from JPMorgan at a price target of € 4.70.

KLM has resumed passenger flights to China after five months. The daughter of Air France KLM (-0.2%) resumed flights to Shanghai via South Korea after the corona outbreak.

Tank storage company Vopak (+ 0.5%) issued bonds worth $ 350 million dollars and $ 150 million euros through private placement of the debt.

Oil company SBM Offshore lost 0.5%. His former CEO Didier Keller acknowledged fault fraud.

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