Shell and ABN deliver AEX lower lock | Financial

The AEX index closed 0.8% lower at 561.75 points. The AMX fell 2.4% to 774.72 points. The price boards in London (-1.9%), Paris (-1.6%) and Frankfurt (-1.4%) also turned red.

“We caught our breath,” said Ralph Wessels, ABN Amro’s chief investment strategy, of the AEX, which slowed down after losing as much as 7.5% last week. Stock market prices skyrocketed last Friday after the number of jobs in the US grew unexpectedly last month. “The US economic recovery is coming sooner than expected. That is positive, but there is no question of a V-shaped recovery, ”emphasized Wessels.

The US stock markets dipped in the late afternoon. The Dow Jones index fell 0.8%. Technology fair Nasdaq rose just 0.2%.

Experts don’t expect the U.S. Federal Reserve to announce any new stimulus on Wednesday night. They are, however, looking forward with interest to Fed Chairman Jerome Powell’s view of the US economy. “Powell will likely say that he will continue to pursue an expansionary policy to support the economy,” expects ABN Amro strategist Wessels.

More and more investment experts are now calling the exchanges very expensive. The famous investment strategist Jeremy Grantham of the American asset manager GMO even warned about a strong stock market correction a few days ago. He points out that while policymakers have responded unprecedentedly to the corona crisis and the economies are opening up further, the recession will still be very deep.

According to Ken Fisher, a new bull market may have emerged this spring after the March corona crash. “In April, global stock prices rose 11.1%. That is the highest monthly return since April 2009, the first full month of the previous bull market, “explains the US billionaire.

In the AEX ABN Amro the biggest loser with a minus of 5.5%. ING (-4%) and ASR (-3.4%) were also significantly reduced. The financial values ​​thus gave up ground again after having just made up for the past two weeks. Bank shares also had a call today from the European Systemic Risk Board to European banks not to pay dividends and buy back shares until the end of this year. This influential body is chaired by ECB President Christine Lagarde.

Fair weight Royal Dutch Shell The AEX also declined (-4.5%). ArcelorMittal lost 2.5%. Top executives of the European steel companies believe that the European Commission should further reduce the amount of steel that can be imported from outside Europe. According to them, the EU administration is not taking sufficient account of the reduced demand due to the corona virus.

Tech investor Prosus led the main funds with a 2.5% gain. Biotechnology group Galapagos (+ 2.3%) was also positive.

Aviation group was among the medium-sized funds Air France KLM (-8.3%) at the bottom. Soil researcher Fugro was reset by 6% after increasing by more than 14.5% on Monday.

Basic-Fit decreased by 3.9% to € 24.35. The gym manager has raised € 133.3 million in money at € 25 per share from mainly institutional investors. Pharmacy company Fagron kept the feet dry in the AMX with a plus of 2.1%.

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