The AEX index ended 0.2% lower at 663.26 points. The indicator closed 2.1% in the plus on Monday. The AMX fell 0.6% to 989.46 points. The price signs in London (+ 0.6%), Paris (+ 0.4%) and Frankfurt (+ 0.2%) did turn green.
“Calm is returning to the markets,” said wealth strategist Renco van Schie (Valuedge). Last week, the high interest rates caused a sell-off in the stock markets. On Monday, however, prices recovered after interest rates fell.
“However, it was a bit cautious today. I am not convinced that the stock markets have completely shaken off inflation fears, ”said Ralph Wessels, head of investment strategy at ABN Amro.
Van Schie is watching with extra interest this week speeches by the American central bankers Jerome Powell and Lael Brainard. “They will try to reassure the markets and probably say they are watching interest rates and will continue to stimulate the economy.”
Of scholarships in New York headed lower at the end of the afternoon. Tech exchange Nasdaq fell 0.9%. The Dow Jones index fell 0.2%. The indices closed sharply higher on Monday: the Dow Jones posted a 2% gain, with one outlier for Warren Buffett’s Berkshire Hathaway.
ArcelorMittal at the top, ASMI at the bottom
Steel manufacturer was in the AEX ArcelorMittal the leader with a plus of 3.1%. Telecom concern KPN rose 2.6% after also gaining value by 3% on Monday.
Specialty chemical company IMCD was allowed to add 2.1%. The financial values ING (+ 2%) in NN (+ 1.8%) were also positive.
Chip machine manufacturer ASMI (-2.6%) was at the bottom of the main funds. Former sister company ASML became worth 2% less. Retail real estate fund Unibail lost 2.1%.
Beer brewer Heineken (-1.4%) responded to reports about the severance pay of former CEO Jean-François Van Boxmeer of € 5.5 million. That would deviate from the code for business. According to Heineken, the agreement with Van Boxmeer before the code applies.
Meal delivery company Just Eat Takeaway fell 0.6%. Takeaway founder Jitse Groen is one of the investors who are investing € 30 million Crisp online supermarket.
Stainless steel producer shone in the AMX Aperam met a gain of 1.3%. Coffee and tea manufacturer JDE Peet’s also went up 1.3% higher the day.
Soil researcher Fugro (-2%) was the biggest loser among the medium-sized funds. Biotechnologist Pharming (-1.8%) started a genetic testing program with the American Invitae that helps doctors identify patients with APDS, an abnormality of the immune system.
Metals supplier to the small-cap funds AMG 3.2% on. Asset manager Berenberg raises the price target for the AMG share from € 30 to € 36, with an unchanged buy recommendation.
Secondment DPA rose 7.9% to € 1,705 thanks to it takeover bid van Gilde. The investor wants to take DPA off the stock exchange for € 79.8 million. This amounts to € 1.70 per DPA share.
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