Most European stock exchanges showed small losses on Wednesday. Investors remained cautious following a new recession signal from the bond market and monitored the development of the trade dispute between the United States and China. At the Damrak, the semi-annual reports from foundation specialist Sif Holding, charging station manufacturer Alfen and investment bank NIBC were well received.

The AEX index on Beursplein 5 recorded 0.2 percent in the minus at 546.41 points around noon. The MidKap fell 0.6 percent to 791.46 points. Paris and Frankfurt fell 0.5 percent. London won 0.4 percent thanks to a fall in the British pound. On the bond market, US long-term interest rates once again fell short of interest rates. That usually indicates an upcoming recession.

The largest daler in the AEX was chemical distributor IMCD with a loss of 2.4 percent. Supermarket concern Ahold Delhaize led the risers with a gain of 0.6 percent. Payment company Adyen won 0.4 percent after a collaboration with Alipay from the Chinese web store giant Alibaba.

Thomas Cook overrun by China

Alfen rose 6.6 percent at the smaller companies. The maker of charging points for electric cars and smart energy networks managed to increase sales and profitability considerably in the first half of the year. NIBC investment bank, which saw net interest income rise in the past six months, won over 2 percent. Sif Holding climbed 3 percent. The foundation specialist achieved more revenue in the first half of the year.

Thomas Cook plummeted 15 percent in London. The British travel company has reached an agreement on new capital injections to save the company from bankruptcy. Thomas Cook takes into account that the plans will put an end to his stock exchange listing in London.

Oil prices

The Swedish clothing chain Hennes & Mauritz (H&M) rose 4 percent thanks to an advice increase from RBC. RTL Group won 0.6 percent in Frankfurt. The parent company of a number of Dutch TV channels, among others, has further increased its turnover over the past six months.

The euro remained almost flat at $ 1.1088. A barrel of American oil cost 1.4 percent more at $ 55.69. Brent oil rose 1 percent in price to $ 60.13 a barrel.

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