AEX closes at 1,132.54 points, down 0.2 percent as oil prices fall
Published on 11/02/2026 at 19:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAEX ends lower after oil slide
- The AEX closed at 1,132.54 points on Monday, November 2, down 0.2 percent.
- Shell fell 3.3 percent as Brent crude dropped more than 7 percent amid hopes for renewed US-Iran diplomacy.
- Investors are preparing for Apple and Palantir results, US midterm elections and Friday's US jobs report.
The AEX closed lower on Monday, November 2, as falling energy prices pressured Shell and investors adopted a cautious stance ahead of a busy week. According to De Aandeelhouder, the index ended at 1,132.54 points, a decline of 0.2 percent. The Amsterdam cash session had ended before the configured evening slot.
Oil decline weighs on index
The main pressure came from energy shares. Shell fell 3.3 percent as Brent crude dropped more than 7 percent to roughly 105 US dollars per barrel. The decline in oil prices followed renewed hopes that the United States and Iran could resume diplomatic discussions, according to the same report. Lower energy prices also contributed to lower government bond yields during the session.
Investing.com also reported losses in the oil and gas, telecoms and technology sectors. Ahold Delhaize lost 2.2 percent, while ASM International declined 1.6 percent. The breadth of the session was less negative than the headline index performance: 63 stocks rose, 33 fell and seven finished unchanged on the Amsterdam Stock Exchange.
Selective strength among constituents
CVC Capital Partners was the strongest AEX performer, gaining 7.8 percent. Akzo Nobel advanced 4.5 percent and ArcelorMittal added 3.5 percent ahead of its quarterly results scheduled for November 5. The gains in these shares limited the index decline but did not offset the drag from Shell and other large constituents.
Investors await a busy calendar
Market attention now turns to several potential catalysts. Apple and Palantir were scheduled to report after the US market close on Monday, while US midterm elections were due on Tuesday and the US employment report was expected on Friday. The calendar leaves investors balancing corporate earnings and macroeconomic risk against the prospect of further volatility in technology and energy shares.
The AEX's modest decline therefore reflected a mixed session rather than a broad-based sell-off. The index was supported by selected industrial and consumer names, but the sharp retreat in oil prices and weakness in Shell remained the defining influences on the benchmark.
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