Janet Yellen gives AEX a tap | Financial

The AEX is down 0.4% at 736.5 points. The Midkap drops 0.1% to 1034.5 points.

The indicators in Frankfurt, London and Paris are losing 0.1% to 0.6%.

When the European stock markets close, the Dow Jones and the Nasdaq index are 0.3% lower in the US.

The trading day was initially very quiet, but that changed when Yellen indicated that consumer prices could continue to rise strongly in the coming months. A disappointing US consumer confidence figure also contributed to the stock markets coming under pressure around four o’clock.

Corné van Zeijl, analyst at Actiam, also thinks that the not very strong start to the quarterly earnings season is weighing down the mood. “You saw in the bank shares that a lot was priced in. Expectations are high, although there is also uncertainty as to the extent to which certain companies can pass on the sharp rise in raw material prices. The outlook for the rest of the year will also play a role.”

Van Zeijl also points out that the phasing out of monetary stimulus will come sooner or later. “It is striking that Australia and Canada have already implemented rate hikes, while the ECB and the Fed are still reluctant.”

Signify sinks

In the AEX, Signify for no apparent reason in very gloomy doing with a bloodletting 5.2%. The lighting company is one of the bigger winners this year. Steel giant ArcelorMittal is looking at a loss of 3.5%.

Chip funds also suffer from selling pressure. ASMI on ASML lose 2.4% and 1.7% respectively. According to business newspaper The Wall Street Journal, American chip giant Intel wants to buy its sector competitor GlobalFoundries for $30 billion. It would be the largest acquisition by Intel ever.

Just Eat Takeaway that the previous day fell sharply after a trading update yields 0.3%. The meal delivery company buys a Slovakian industry partner.

real estate fund Unibail Rodamco Westfield leads the way with a 3.3% gain aided by a buy recommendation from HSBC.

Chemicaliëndistributeur IMCD gains 1.2%, in response to an announced acquisition in Mexico.

Food Group Unilever can also count on buyer interest with a plus of 0.9%.

KPN adds 0.9%. Swedish telecom equipment manufacturer Ericsson has won a major contract to accelerate the rollout of the US 5G network.

Charging station manufacturer is among the medium-sized funds Elves with a minus of 4.1% at the bottom. Aalberts must give 0.5%. The industrial supplier will definitively take over industry peer Premier Thermal Solutions.

Galapagos is 3.7% in recovery. The previous day, the biotech fund was hit after a blow to its research results.

Air France KLM rises 2.8%. Earlier this week, the aviation combination showed another weakening.

ASCX fund TomTom bounced 5.8% after the price drop a day earlier in response to disappointing figures from the navigation specialist.

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