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Tech shares cause AEX a substantial loss | Financial

The AEX is 1.2% lower at 663.9 points. The AMX drops 0.6% to 987.8 points.

The other European stock market indicators are doing better. The British FTSE 100 and French CAC 40 climb 0.3% and 0.2% respectively. The German DAX lost 0.4%.

In Asia, the mood was quite positive this morning.

The index futures point to a flat opening of the US stock market indicators at 3:30 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 7.2% at the bottom. America Movil of Mexican billionaire Carlos Slim sells convertible bonds in the Dutch telecom company for € 2.2 billion.

Adyen falls 6.3% to € 2016. 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 3.2% and 1.8% respectively.

Heineken returns 0.2%, after a write-down by the Canadian bank RBC.

Many ‘old economy stocks’ are actually winning. Retail property fund Unibail-Rodamco-Westfield leads with an improvement of 4%.

Shell climbs 1.8%, helped by the further rise in oil prices.

The financial institutions ABN Amro, ASR, NN Group and ING are benefiting from rising bond yields, gaining 1.3%, 1.2%, 1% and 0.9% respectively.

The medium-sized funds are shining Air France KLM with a gain of 5.4% off. Basic-Fit follows with an increase of 3.9%.

GrandVision increases 0.2%. Doubts remain whether the takeover by the Franco-Italian eyewear giant EssilorLuxottica will continue.

The supplier to the chip sector Besi loses 5.4%.

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Tech shares cause AEX a substantial loss | Financial
Source link Tech shares cause AEX a substantial loss | Financial

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