Loss ASML increases in AEX | Financial

At around 2.45 p.m., the AEX index was down 1.7% to 566.2 points. The AMX went from a 0.9% loss to a flat position at 774.8 points.

In London (-1%), Paris (-1.3%) and Frankfurt (-1.5%), the loss also slightly decreased.

French business activity exceeded expectations for July, according to the purchasing managers index. The German manufacturing sector shrank for the first time in 19 months. In the UK, retail sales fell according to data from IHS Markit / CIPS up 13.9%, the strongest increase in five years, far above consensus (+ 8.3%).

China to close U.S. consulate in Chengdu

But investors remained bleak. Stock market prices plunged due to China’s decision to close the US Consulate in Chengdu. Beijing thus responds to the closure of the Chinese consulate in Houston.

“China and America are waging a new Cold War,” said wealth strategist Richard Abma (OHV). “The previous trade agreement between the two countries was considered extremely important. But the so-called phase 2 trade deal is getting out of sight. It is also worrying that the dollar is becoming weaker. ” The currency is trading at the lowest point since March against the euro. “If the currency deteriorates further, American equities will have a hard time.”

The gold price remained today. Silver prices shot up earlier this week. “That is often a prelude to weaker equity markets,” Abma warned.

European markets also came under pressure, according to investment bank MUFG, over fears that a trade agreement between London and the EU would fail.

The Hanseng index of the Hong Kong stock exchange lost over 2% today. The US stock markets are expected to open 0.5% to 1% lower this afternoon. The stock exchanges in New York closed on Thursday evening 1.3% to 2.3% in red.

5-year US Treasury yields were at their lowest level ever: 0.27%.

Galapagos and ASML plummet in AEX

In de AEX was biotechconcern Galapagos the largest descender with a minus of 5.5%. Payment service provider Adyen surrendered 4%.

ASML gave up 5%. The chip machine manufacturer suffered from disappointing reports from its major customer Intel. Although the American chipmaker delivered strong second-quarter figures, expectations for the current quarter were disappointing. The roll-out of new chips is also delayed according to Intel.

Chip supplier ASMI decreased by 4.9%. Meal ordering group Just Eat Takeaway (-3%) was also a notable drop.

Prosus lost 4.2%. The tech investor has a minority stake in Chinese internet concern Tencent, which today fell 5% on the Hong Kong stock exchange due to the diplomatic feud between China and the US. The headwind in the tech sector did not do Tencent shares any good either.

KPN lost 0.8%. The telecom network has turned on its renewed mobile network with 5G technology for initial tests.

Noted at the top Unilever – after a very positive response to Thursday’s quarterly results – 0.9% profit, Shell won 0.4% and DSM rose 0.2%.

Signify wins almost 4% after quarterly figures

In de AMX was Signify the star with a profit of 7%. The lighting manufacturer managed to limit the fall in turnover in the second quarter thanks to the takeover of the American Cooper. Excluding the acquisition, sales decreased by 22.5%. Signify made a profit of € 81 million on a turnover of € 1.5 billion. Net profit was € 50 million a year earlier. Company gives no expectations for the whole of 2020 because of corona crisis. ING called it “a very strong quarter”, with sales declining less than previously feared by its analyst.

Chip supplier Iron (-3.5%) was the biggest loser in medium-sized funds. Biotech company Pharming 2.4% was written down.

Smallcapfonds Accell (-3.4%) recorded a net profit of € 28.6 million in the first half of the year. The bicycle manufacturer expects operating profit throughout 2020 lower will fall out than in 2019. ING praised the strong results, especially that turnover increased by more than half in June, despite disappointments in the supply chain.

Technology company Nedap (-2.5%) knew its sales despite the corona crisis to keep almost the same in the first six months of this year. The profit turned out somewhat lower. Despite the crisis, according to CEO Ruben Wegman, opportunities have also arisen. Nedap does not provide a forecast for the rest of the year.

Tea, spice and nut dealer Amsterdam Commodities (Acomo) increased sales and profits in the first half of the year, despite the challenging circumstances due to the virus outbreak. The demand for the products Acomo trades in however, remained high and the company has remained fully operational despite the corona measures. The Acomo share was worth 1.8% more.

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