Beurs is overdoors Donald Trump, but recovery is brittle

• Ruben Eg

  Editor Economy

If you looked at the stock exchange today, the stock market crash was much longer than five weeks ago due to the American trade war. The first days of April were compared to Black Monday from 1987, the bankruptcy of the Lehman Brothers investment bank in 2008 and the Coronalockdown from 2020.

But with a closing price of almost 902 points, the pain is strikingly quickly over. Almost then. Because how Broos is the trust turned out this afternoon. After the AEX had risen to more than 907 points, the stock market slid down hard when the European Commission came up with a list of measures to reimburse the American import rates.

The storm that investors ended up five weeks ago was intense. “Everyone was on with us,” board member Wendy Winkelhuijzen of Van Lanschot Kempen looks back on the ‘Liberation Day’ proclaimed by President Trump. “Markets do not like uncertainty. And that happened that day,” says the bank’s director from Den Bosch who works for rich customers and pension funds.

Today it turned out how Broos is confidence. Optimism on the stock market, possibly because US President Donald Trump would close a trade agreement with Great Britain, lasted until about 2 hours in the afternoon.

Then the profit of the day disappeared as snow in the sun because the European Commission presented possible countermeasures for the American import rates. Brussels wants to extra burden aircraft, cars and car parts and electrical equipment from the US.

That led to new unrest, although not like last month, when the phone was red -hot at Van Lanschot Kempen. “Customers call us, we call customers themselves actively. Everyone looks at what this means: what we know and what can we still come? We often ask customers: what do you dare, how much risk can you do and what do you get and not nervous about?”

Investors who quickly get nervous have a headache a month later. Anyone who invested in the AEX funds and did everything in the first two weeks could have lost 10 to 5 percent of the profit. Anyone who kept cool by not selling shares is now on a plus of about one percent compared to 31 March.

Last year people who invested in US shares also had to deal with the return of Donald Trump. After his election profit, high profits were achieved through rising stock prices in New York.

Those who still invest in US shares now have to sit on the blisters for a little longer than investors in European shares. Compared to Liberation Day, the most important indicator of the New York stock exchange, the Dow Jones, is about 1.5 percent in the minus. On the other hand, the indicator of American technology companies, the Nasdaq, is more than over the top of almost 4 percent.

Van Lanschot Kempen saw that the unrest on the stock markets also attracted new investors. “There were customers who had savings available and thought:” Hey, this is a good time to get in, “says Winkelhuijzen

She argues for realism: “There has been a lot of unrest, but despite the recovery, the unrest is not yet gone. We think that there are import rates for the EU, but not at the high level mentioned earlier. And even then it is important to look at which companies are touched with a good investing gaze and what that means for their business operations and results.”