The AEX index closed 0.02% lower at 573.80 points. The AMX fell 0.3% to 767.92 points. The stock exchanges in London (+ 0.6%), Paris (-0.4%) and Frankfurt (+ 0.6%) showed a mixed picture.
Today and tomorrow, the 27 EU leaders will be physically reunited for the first time since the coronavirus outbreak. An agreement on the multi-year budget and the recovery fund of € 750 billion for the Member States most affected by the corona crisis does not yet appear to be in place, due to resistance to the Netherlands, Austria, Sweden and Denmark. “But I think the fund will eventually be launched in a clockwise or counterclockwise direction,” said asset manager Renco van Schie (Valuedge).
Van Schie also remains optimistic about shares in Europe and Asia. “You can see that China and the eurozone are returning economically. The corona virus is reasonably under control. Unfortunately, that is not yet the case in the US and Great Britain. ” A further weakening dollar could give European stocks an extra boost, says Van Schie.
Of American tech fair Nasdaq recorded unchanged at the end of the afternoon. Streaming service Netflix made a price drop of 6%, as both the quarterly profit and the forecast for the number of new subscribers are disappointing. The Dow Jones index traded 0.2% in red. A disappointment for investors was that the consumer confidence index in the US unexpectedly fell to 73.2 points this month. Analysts had just counted on a score of 79 points. Last month, this University of Michigan barometer came in at 78.1 points.
Galapagos and Adyen at the top
In the AEX were biotech group Galapagos and payment service provider Adyen the front runners with a profit of 2.7%.
Meal ordering group Just Eat Takeaway advanced 1.7%. Unilever won 0.9%. The food and detergent group will also publish quarterly figures on Thursday. It previously appeared that Unilever was suffering from the corona virus, which meant that the catering industry was temporarily closed. The company also announced last month to become completely British.
ASML was worth 0.4% more. The share price of the chip machine manufacturer was slightly under pressure earlier this week disappointing quarterly turnover.
Broadcaster Randstad (-2.7%) was the biggest loser among the main funds. The financial values were especially important Aegon (-2,1%), ING (-1.8%) in ASR (-1%) backward. Steel manufacturer ArcelorMittal lost 1.7%. Fair weight Royal Dutch Shell (-1.8%) also pushed the AEX.
Heineken fell 1.3%. British bank Barclays has withdrawn the beer brewer from the purchase list in response to Thursday profit warning.
Cable and telecom provider performed in the AMX Altice Europe (+ 2%) the winners. Real estate fund NSI (-4.3%), on the other hand, was the bottom line.
Better Bed climbed on the local market by 3.7%. The bedroom specialist managed to weather the corona crisis in the first half of the year and wrote black numbers with an almost 10% higher turnover.
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