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2021/02/12 / Erste Group Research

Europa startet durch!

Der globale Aktienmarktindex notierte in der letzten Woche in EUR fast unverändert (+0,1%). Der S&P 500 gab in EUR um -0,5% nach, der Stoxx 600 notierte auf gleichem Niveau.

Zahlreiche europäische Unternehmen haben zuletzt besser als erwartete Ergebnisse berichtet. Bei 72% der Firmen gab es positive Gewinnüberraschungen.

Die globale Berichtssaison dauert an. In der nächsten Woche wer-den neben Walmart vor allem viele europäische Firmen über den Verlauf ihrer Geschäftstätigkeit berichten, beispielsweise Daimler, Nestle, Allianz, Credit Suisse Group, Danone, Orange oder Repsol. Nachdem die Berichts-saison in Europa bisher sehr gut ausgefallen ist (72% der Firmen haben bis jetzt ihre Gewinnerwartungen übertroffen), sollten auch in der kommenden Woche die positiven Gewinn-Überraschungen klar überwiegen. Der globale Aktienmarktindex hat zuletzt etwas an Dynamik verloren. Wir erwarten nur einen moderaten Anstieg in der nächsten Woche.

Der ATX konsolidierte diese Woche knapp unter der 3.000-Punkte Marke. Die Berichtssaison brachte auch in Wien diese Woche durchwegs nur über den Erwartungen liegende Ergebnisse so z.B. seitens BAWAG, STRABAG, voestalpine oder Telekom Austria. Mayr-Melnhof überraschte mit einer weiteren großen Übernahme in Polen. Wir sehen den ATX kommende Woche am ehesten weiter seitwärts gerichtet.

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General information

AuthorErste Group Research
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusBanks, Basic Resources, Construction & Material, Industrial Goods & Services, Technology, Telecommunications

Erste Group related products

Name  ISIN# Erste Group products
Addiko BankAT000ADDIKO00
ams OSRAMAT0000A18XM40
Telekom AustriaAT000072000836


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