AEX lower again on new trading week after Brexit – NU.nl

Thus, the heavy price losses on Friday were expanded.

Investors are uncertain about the consequences of a British exit from the European Union and therefore remain cautious. The AEX index in Amsterdam recorded towards the end of the morning 1.5 percent lower at 417.81 points.

Friday closed the main indicator in Amsterdam 5.7 per cent in the minus. That was one of the 25 worst trading days ever.

The MidKap went down 3 percent to 591.65 points. Paris, Frankfurt and London dropped to 1.3 percent.

Aftershocks

Following the outcome of British membership of the European Union is now entering a period of great uncertainty for investors about what will be the consequences of a Brexit. That ambiguity exchange trading will continue to overshadow the time being, market experts think.

In London EasyJet tumbled more than 20 percent. British budget airline has revised its forecasts downward because of the brexit. EasyJet also struggling with the consequences of strikes and bad weather.

The British pound

moves to the lowest level in 31 years, while the price of gold continues to rise to the highest level in two years.

Furthermore, fleeing investors considered safe investments such as gold, the Japanese yen and German and US government bonds. Also, the euro value against the dollar gave.

The price of a barrel of American oil fell 0.1 percent to 47.60 dollars and Brent oil climbed 0.1 percent to $ 48.48. The euro dropped to 1.1036 dollars, against 1.1114 dollar at the close in Europe on Friday.

The Tokyo Stock Exchange said Monday some recovery after the heavy price losses last Friday by the Brexit. The exchange trading benefited from steps taken by the Japanese government to return calm to the exhibition

By:. ANP