Attention to tech sector on Damrak after significant loss Nasdaq

Photo: ANP

On Monday, the Amsterdam stock exchange will focus, among other things, on the technology sector. The US tech gauge Nasdaq fell sharply on Friday on fears that interest rates in the United States will rise sharply this year after years of historically low interest rates. Higher interest rates are bad news for equity investments and especially for the prices of the fast-growing tech companies.

Investors are also closely monitoring the mounting tensions surrounding Ukraine. As the situation deteriorates, more and more Western countries want their citizens to leave Ukraine. They are considering a Russian invasion, although Moscow continues to emphasize that it does not intend to. Geopolitical tensions are pushing up oil prices further.

The AEX index on Beursplein 5 is heading for a negative start to the new week. The other European stock markets also seem to open lower. Stock markets in the Asian region were mostly down on Monday. The Nikkei in Tokyo closed 2.2 percent in the negative due to significant price losses in the tech sector. The stock market in Sydney ended 0.4 percent higher thanks to significant gains at the Australian oil companies.

Unilever continues to be in the spotlight at Damrak. The food group rose by more than 4 percent on Friday after a report that American activist investor Nelson Peltz will probably soon come up with a report on Unilever. Various shareholders demand better results from Unilever, otherwise the group would be better off splitting up.

Oil and gas group Shell announced that it would allocate $1.6 billion to buy out the other shareholders of Shell Midstream Partners. In the past, the operator of pipelines in the United States had been independently floated on the stock exchange to make it easier to raise money.

Maritime services provider SBM Offshore announced that the oil production vessel (FPSO) Liza Unity produced its first oil on 11 February and was formally commissioned. The FPSO is installed on the Liza field, which is located about 200 kilometers off the coast of South American Guyana in the Stabroek Block. The FPSO has been leased to ExxonMobil, Hess Guyana Exploration and China’s CNOOC.

The euro was worth $1.1342 against $1.1400 on Friday. The price of a barrel of US oil rose 1.2 percent to $ 94.20 and Brent oil cost 1 percent more at $ 95.33 a barrel. On Friday, oil was already about 4 percent more expensive.

Attention to tech sector on Damrak after significant loss Nasdaq
Source link Attention to tech sector on Damrak after significant loss Nasdaq

Back to top button