Concerned investor puts AEX considerably lower | Financial

The AEX fell 1.4% to 552.4 points on Thursday, the lowest close of this month.

Technical analyst Nico Bakker emphasizes that a volatile game is going on on the daily chart. “There is room down to 543 points, but I don’t rule out a recovery to 565 points either. That fits within the growing turbulence. So quite interesting 8-track rides for active investors. On the week chart, there is a side shuffle in anticipation of another significant movement. Below 543 points, the bears strike mercilessly. ”

The Midkap index fell 0.2% to 801.7 points.

Elsewhere in Europe, the mood was also depressed. The stock market indicators in London, Frankfurt and Paris lost 1.1% to 1.6%.

When the European stock markets closed, the Dow Jones index was 0.2% lower and the Nasdaq index 0.4% higher.

This afternoon it turned out that more than 1.1 million Americans last week Unemployment benefits have applied for, while it was expected to be 925,000. This means that the recent improvement in the labor market will not continue. And that while investors hoped for this, especially since the Democrats and Republicans have still not reached an agreement on a new corona support program.

In addition, disappointment over the minutes of the US central bank’s last monetary meeting, released on Wednesday, lingered over the market. “An important part of the recovery rally in recent months is due to the enormous support packages from governments and especially central banks. If there are no announcements about new measures by the Fed, while the corona virus nevertheless flares up again and economic indicators weaken, this could cause price pressure. Especially when the valuations are on records ”, ING investment strategist Simon Wiersma reports.

Tough day Adyen

In the AEX steel group ended Arcelor Mittal with a loss of 4.1% at the bottom, followed by ABN Amro which lost 3.7%.

Adyen closed 2.7% lower, after having lost 6% at the start of the trading day. The profitability of the payment processor came out slightly lower than expected in the first six months, which KBC used to reduce the advice to phasing out. The bank believes that the half-year figures presented show resilience during the corona crisis. Nevertheless, the market researchers believe that the figures are not good enough to justify the enormous rise on the stock market in recent months. Experts call the sector in which Adyen is active “very competitive” with a high pace of innovation.

Biotechfonds Galapagos, that fell a day earlier after bad news from the US, climbed 2.9% after being more than 5% higher in the morning.

The retail real estate investor recently sank sharply due to fears of a share issue Unibail-Rodamco-Westfield was also 2.9% in recovery.

Boskalis high flyer

Midkapper Boskalis shot up 13.1%. The dredger and maritime service provider performed better than expected with the increase in the operating result and the almost stable turnover. Boskalis will resume the buyback of its own shares. KBC foresees that the whole of 2020 will be clearly better than previously thought and also points out that the financial situation is solid.

BAM was raised 4.1% by investors. It construction company suffered a lot from the corona pandemic in the first half of the year and ended with a substantial loss. For the second half of the year, the builder anticipates a positively adjusted result before tax. ING emphasizes that it is important for BAM to get the balance in order. According to the bank, the bank has to wait for Ruud Joosten to take office as the new CEO, who will then draw up a strategic plan.

Smallcap Ajax closed 0.5% lower after a strong start. Thanks to Bayer Munich’s victory over Lyon, the Amsterdam football club guaranteed participation in the lucrative Champions League. However, investors had already anticipated this on Wednesday and were now taking a profit.

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