Beurs Amsterdam closes lager in the run-up to the evening of packages
The stock exchange in Amsterdam closed lower on Monday in the run-up to Christmas Eve. The following minuses were seen in the other European markets. Investors in Europe focused their attention on, among other things, data on the US services sector and the oil market due to the price cap on Russian oil and the European embargo on the delivery of Russian oil by sea.
The AEX index lost 0.5 percent at 727.09 points. The MidKap fell 0.3 percent to 953.98 points. The main indicators in Paris and Frankfurt yielded up to 0.7 percent. The FTSE in London just gained 0.2 percent.
Tech investor Prosus led the AEX with a plus of 2.2 percent. Prosus benefited from a strong price gain for the Chinese tech group Tencent on the Hong Kong stock exchange. Prosus has a large stake in Tencent. Telecom company KPN received a buy advice from Bank of America and won 0.9 percent. The strongest falls in the main index of the Damrak were paint producer AkzoNobel and meal delivery company Just Eat Takeaway with losses of up to 3 percent.
Oil and gas group Shell is down 0.3 percent. Oil prices retraced the gains made earlier in the day. The price of a barrel of US oil fell 0.6 percent to $ 79.51 and Brent oil became 0.4 percent cheaper at $ 85.28 a barrel. The price cap should reduce Russia’s revenue from oil sales, giving Moscow a chance to supply the world market. The measure means that only oil that is sold at a price of $ 60 per barrel can be supplied less.
In the MidCap, the financial real estate companies WDP and CTP were front runners with gains of up to 3 percent. JDE Peet’s, the parent company of Douwe Egberts, was the last of the medium-sized funds at Beursplein 5 with a price drop of 2.9 percent. Credit Suisse came with a price target reduction for the coffee and tea producer. According to the Swiss bank, JDE Peet’s is facing another potential year.
In London, the share price of the British telecom group Vodafone fell 0.1 percent after the announcement that CEO Nick Read will step down at the end of this year. He will be confirmed on a temporary basis by Chief Financial Officer Margherita Della Valle.
The euro was worth $1.0507, against $1.0513 at the close of European stock exchange trading on Friday.