Shell Helps Limit #AEX Losses Amid Market Uncertainty
The Amsterdam stock exchange saw a decline on Tuesday, but Shell's stock rise helped limit the damage. The AEX index dropped 0.5% to 920.37 points by late morning. Market sentiment remains heavily influenced by the ongoing conflict between #Israel and #Iran, with fresh missile attacks escalating tensions.
Despite reports of potential de-escalation, new Israeli strikes on Tehran and a warning from former U.S. President Donald #Trump suggest further instability. Trump returned early from the G7 summit, hinting at a larger issue beyond the conflict, though details remain unclear.
Oil prices, which had dipped on Monday, rose by 1% on Tuesday, supporting energy stocks. Meanwhile, the #euro/#dollar exchange rate stabilized ahead of the U.S. interest rate decision, and Germany’s #ZEW index showed improved economic expectations.
Shell led the AEX gainers with a 0.9% increase, followed by $DSFIR (+1.32%) DSM-Firmenich at 0.8%.$UMG (+2.34%) Universal Music Group saw a 4% decline, while $CRBN (+1.83%) Corbion dropped 4.6% due to a large share sale.
Overall, Shell’s performance provided some stability, but broader market concerns persist as geopolitical tensions and economic indicators continue to shape investor sentiment.
