The AEX index ended 0.5% lower at 642.42 points. The AMX fell 0.8% to 964.75 points. The price signs in London (-1%), Paris (-0.8%) and Frankfurt (-0.7%) also turned red.
According to Ralph Wessels, head of investment strategy at ABN Amro, investors are shifting their gaze to the annual earnings season, which will start at the end of this week with the results of the American financial services providers BlackRock, Citigroup, JPMorgan Chase and Wells Fargo. In the Netherlands, fast charging company Fastned will publish results on Tuesday. Next Wednesday, chip machine manufacturer ASML will report the figures for 2020.
According to the statistics, 2021 promises to be a positive stock market year. The US stock market index S&P 500 has risen 76% of the years after the presidential election since 1950 when the first week of January ended in profit.
Wessels himself is moderately optimistic about equities in 2021. “The lockdowns in Europe will take longer. But the vaccines are on the way. There will also be an economic recovery in the course of this year. ” Because the new president Joe Biden can count on a majority in the US Congress, Wessels also thinks that economic growth in the US will be higher.
The US stock markets plunged into losses on Monday after Friday’s record levels. On Wall Street, the Dow Jones index was down 0.2% at the end of the afternoon. Tech exchange Nasdaq fell 0.7%. Twitter got a 6% price hit after the removal of President Donald Trump from the messaging platform. In Asia, the picture on the stock markets this morning was mixed.
Akzo in the lead, ING at the bottom
In the AEX was paint manufacturer AkzoNobel the leader with a plus of 2.2%. Just Eat Takeaway (+ 0.9%) was also popular with investors. The longer lasting lockdowns can work out well for the meal delivery company. Just Eat Takewaway will publish the 2020 turnover figures on Wednesday.
Prosus rose 0.4%. The tech investor had a tough time last week after reports that the US government wants to tackle its main stake, the Chinese Tencent.
ING was at the bottom of the main funds with a minus of 2.9%. The banking group took a step back after last week’s good price gains, when investors bought back bank shares en masse.
Biotech company Galapagos lost 1.3%. Beer brewer Heineken (-1.4%) and broadcaster Randstad (-1.5%) were under pressure from the longer lockdowns in Europe.
In the AMX was JDE Peet’s the biggest climber. The coffee and tea giant managed to turn a morning loss of 3% into a profit of 0.6%. Fertilizer manufacturer OCI was also allowed to add 0.6%.
The medium-sized funds included a real estate fund Eurocommercial (-3.2%) the biggest laggard. Financial service provider Intertrust was dropped 3.1%.
Small cap fund Ajax lost 0.1%. On Sunday, the football club retained the lead in the Eredivisie thanks to a draw against competitor PSV.
Construction company Heijmans climbed 2.3%. His financial director Hans Janssen will leave in three months.
Asset manager Van Lanschot Kempen went down 1.2%. CEO Karl Guha announced his resignation at the end of this year.
Fastned climbed the local market by 7.4%, ahead of the release of its annual results Tuesday. The course of the charging station supplier has flipped five times in the past three months.
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