Around 9.30 am the AEX index is 0.5% lower at 625.3 points. The AEX has already set an interim annual record of 633.12 points on Tuesday. That was also the highest level in almost twenty years. During the corona crash in March, the AEX reached a low of 389.60 points. The stock market index has since made a miraculous recovery thanks to strong stimulus measures from central banks and governments. The advent of corona vaccines has also boosted investor confidence.
Adyen top in 2020, Galapagos flop
On balance, the AEX stands at a plus of almost 4% for the year. Payment service provider Adyen (+ 160%) is the big winner among the main funds in 2020. For biotech company Galapagos (-56%), however, 2020 is a year to quickly forget.
The AMX fell 0.2% this morning to 934.8 points. The price signs in London (-1.2%) and Paris (-0.5%) are also red.
Elsewhere, the stock markets show modest results on Thursday. In Hong Kong, the Hang Seng index ended the year with a gain of 0.3%. The US stock markets are expected to open this afternoon just after a slightly higher close on Wednesday.
Wall Street is open all day. Trading on the Euronext markets in Amsterdam, Brussels and Paris is open until 2 p.m. today. The stock exchanges in London and Madrid also hold a shortened trading session on New Year’s Eve. The financial markets are already closed in Frankfurt, Milan and Zurich. All European and American stock exchanges will be closed on Friday 1 January.
US increases import tariffs for EU
On the trade front, an argument over civil aircraft between Washington and Brussels has led the US to set higher tariffs for some EU products. The US Trade Authority said in a statement that tariffs on aircraft parts and certain still wines, cognacs and other brandies from France and Germany are being increased. As of when the rate increases take effect, has not been reported.
Concern in US about new corona variant
Investors also keep an eye on developments in the corona field. The spread of a new variant of the coronavirus is of great concern among experts in the US. That extra contagious variant has now surfaced in two states: California and Colorado. In the meantime, the vaccination of Americans is progressing less smoothly than had been hoped. In fact, 32,552 new infections with the corona virus have been detected in Germany in the past 24 hours. That high number means an increase of about 50% from the day before.
Just Eat Takeaway popular in AEX
In the AEX is a meal delivery company Just Eat Takeaway the leader with a plus of 0.9%. Payment service provider Adyen (+ 0.6%) and tech investor Prosus (+ 0.5%) are also on the rise.
Food giant Unilever However (-1.6%) is at the bottom of the main funds. The AEX is also being pulled down by energy giant Royal Dutch Shell (-1.4%). Information provider RELX also loses 1.4%.
In the AMX state Pharming (+ 3.5%) at the top of the winners. The biotech company was also worth 6.1% more on Wednesday. Retail property fund Eurocommercial (-1.2%), however, is lagging behind the medium-sized funds.
In the local market wins RoodMicrotec 8.2%. The chip supplier was able to refinance a 2014 bond loan. This involves € 2.6 million. RoodMicrotec’s management is also participating in the deal and investing money in the company.
In the special end-of-year episode of the Kwestie van Centen podcast, DFT reporters Martin Visser and Herman Stam look back on a turbulent year. Listen to the podcast here, below or via well-known podcast apps, such as Apple Podcasts and Spotify.
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