The AEX index ended 0.5% lower at 575.52 points after an interim drop below 573 points. The AMX fell 0.2% to 774.86 points.
Elsewhere in Europe, the signs were still colored red. Paris and Frankfurt lost up to 0.7%.
Investors were eagerly looking forward to the quarterly earnings season starting next week. Coronavirus also continued to occupy minds. So goes the Australian city of Melbourne locked for six weeks to prevent the spread of the coronavirus.
Beursplannen Palantir Technologies
The American big data company Palantir Technologies confirmed that it wanted to go public. Palantir uses large software to process large amounts of data to detect, for example, terrorists and criminals. The company also provides software for the financial sector to detect suspicious transactions. One of the founders of Palantir is tech investor Peter Thiel. The billionaire is a co-founder of the payment service PayPal and one of the first investors in Facebook. Named after the dark crystal balls from the Lord of the Rings books, Palantir was valued at $ 20 billion in an investment round in 2015. It is unclear how much the company is worth now.
In the morning, disappointing figures from the German industry were released. Brussels also revised the forecast for the eurozone economy downwards.
Investors are blowing some steam after the enthusiastic start of the week, says Ralph Wessels, strategist at ABN Amro. “We are mainly waiting for the start of the new figures season that will start from next week. It is hoped that companies can make a better estimate of the prospects in the second half of the year, such as the impact of a full or partial lockdown and how production processes can be maintained. The development of profit margins will also be important. For example, sales at Nike rose sharply, but this also increased costs. ”
The stock market climate will partly depend on the course of the figure season, Wessels emphasizes. “Expectations are low, so companies may be able to beat forecasts. On the other hand, valuations have already risen considerably and some recovery has already been priced in. Furthermore, geopolitical risks are still above the market, especially at the end of the summer, when Trump can start targeting Europe and China towards the elections. ”
According to ABN Amro trader Frank Bonsee, investors are currently in a conflict. “On the one hand, you can still see corona infections increasing. On the other hand, there is tension about the prospects companies will release from next week. A recovery was visible in May and June, but the question is whether this will continue in the third quarter. It will differ per sector how great the impact of the virus has been. This week is a transitional period to the start of the new figures season with few directional macro figures, with the cat expected to be looked at from the tree. In addition, central bankers will see this summer whether their policies have worked or whether adjustments are still needed. ”
Loved in the AEX NN (+1,5%), ASR (+ 3.2%) in Aegon (+ 0.6%) the tailwind after De Nederlandsche Bank (DNB) reported that insurers again pay dividends and can buy back own shares. According to the central bank, the impact of the corona crisis on this sector has so far been limited. Supermarket group Ahold Delhaize (+ 1.1%) was also among the small number of winners.
Betalingsverwerker Adyen tapped a new top with a plus of 1.4%, just under € 1,400. The ongoing turmoil surrounding German industry colleague Wirecard seems to have little effect on this year’s stock market gem.
Broadcaster Randstad gained 0.1%. In the Netherlands, the demand for temporary staff has again fallen sharply. Temporary agency workers worked a total of 22% fewer hours in the period between 18 May and 14 June than a year earlier. The turnover of temporary employment agencies fell by 17%, according to figures from trade association ABU.
Real estate fund Unibail slipped sharply with a price decline of 3.3%, good for the red lantern in the AEX. Healthcare technology group Philips was worth 1.7% less. Galapagos headed 1.3% lower.
Banks came under pressure from the gloomy message from Brussels. ING lost 2.1%. In front of ABN 1.7% less was paid.
The AMX had a trading house Flow Traders (+ 2.2%) nice on the rise. Bam was able to count on most buyer interest with a 3.7% improvement. Last week, the construction share was still weak in the market. Real estate fund Eurocommercial was in the rear with a minus of 2.7%. OCI left 1.8%.
The small cap funds tapped The elf set a course record for the second consecutive day. The share of the charging station manufacturer climbed 1.2% to € 39.25, Alfen benefiting from the strong growth in the number of electric cars and solar panels. The company went public in 2018 at a price of € 10.
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