At five to eleven, the AEX is 2% lower at 658.5 points. The AMX drops 1.5% to 977.8 points.
The other European stock market indicators keep the loss much more limited, aided by the less heavy weighting of technology shares. The British FTSE 100, the German DAX and the French CAC 40 drop 0.2%, 1.2% and 0.3% respectively.
In Asia, the mood was quite positive this morning.
The index futures point to a 0.1% to 0.8% lower opening of the US stock market indicators at half past three this afternoon. On Monday, the Dow Jones index gained 0.1%, while the Nasdaq index fell 2.5%.
Investors are looking forward to Jerome Powell’s statement to Congress on the Fed’s monetary policy later today. He will likely confirm that current stimulus policy will remain unchanged for as long as necessary to boost the economy and boost inflation. In the run-up to this, bond yields worldwide are on balance slightly higher. The rapid rise in recent weeks was a major cause of the recent price pressure, particularly in technology stocks.
With the Dutch main funds KPN with a loss of 8.4% at the bottom. America Movil sells € 2.2 billion in bonds that can be converted into shares of the Dutch telecom company from 2024. This seems to have lost the chance that the company of Mexican billionaire Carlos Slim, which had built up a 20% interest, will make a takeover bid in the foreseeable future.
Adyen falls 8.2% to € 1976. An unnamed early investor sold 450,000 shares of the payment processor at $ 2,077 per share. This brings the proceeds to € 935 million.
The suppliers to the chip sector ASMI and ASML suffer from the downturn among technology stocks, dropping 5.5% and 3.3% respectively.
‘Old economy stocks’ are actually winning. Retail property fund Unibail-Rodamco-Westfield leads with a progress of 3.3%.
The financial institutions ING, ABN Amro, ASR and NN Group take advantage of rising bond yields and gain 1.4%, 0.7%, 0.5% and 0.3% respectively.
Shell climbs 0.6%, helped by the further rise in oil prices.
The supplier to the chip sector is the supplier of the medium-sized funds Besi with a loss of 6.9% at the bottom. PostNL follows with a minus of 3.5%.
GrandVision yields 0.4%. The optical chain sMonday for the second time in court opposite EssilorLuxottica. The French-Italian eyewear giant is trying to get out of the agreed takeover of € 7.3 billion.
Air France KLM excels with a gain of 6.6%. Basic-Fit strengthens 2.1%.
Smallcap Alfen falls 8%. The charging station supplier that has risen rapidly in recent months is also suffering from profit-taking.
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AEX under the leadership of Adyen down | Financial
Source link AEX under the leadership of Adyen down | Financial