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2022/03/11 / Erste Group Research

Ölpreishoch beunruhigt Aktienmärkte


Der globale Aktienmarktindex notierte in der letzten Woche in EUR um -1,9% tiefer. Der S&P 500 verlor im Wochenvergleich in EUR -1,8%, der Stoxx 600 gab um -2,3% nach. Der globale Schwellenländerindex erlitt einen Rückgang in EUR um -5,4%.

Die aktuellen Konsensus-Prognosen für die Umsätze und Gewinne der europäischen Firmen gehen derzeit von Zuwächsen um ca. +7% (j/j) im Jahr 2022 aus. Die Schätzungen dürften allerdings in den nächsten Wochen aufgrund der kriegsbedingten Folgen der Wirtschaftssanktionen gegen Russland und wegen der stark steigenden Energiepreise nach unten revidiert werden.

Der globale Aktienmarktindex befindet sich in einem Abwärtstrend, der aktuell noch nicht beendet ist. Wir erwarten, dass der globale Aktienmarktindex in der nächsten Woche leicht schwächer notieren wird.

Nachdem der ATX am Montag auf fast 2.800 Punkte abgerutscht war, erholte sich der Wiener Leitindex wieder und ging mit nur einem leichten Minus von 1% aus der Woche. Stärkster ATX-Wert diese Woche war die SBO, die vom Ölpreissprung zu Wochenbeginn profitierte. Wieder im Plus auch Verbund und EVN, die letzte Woche stark abverkauft wurden. Die vielen – großteils guten – Zahlenvorlagen blieben leider nur eine Randnotiz. Charttechnisch erwarten wir, dass der ATX seine volatile Phase im Bereich 3.000 und 3.225 fortsetzt. Maßgeblich für die Kursentwicklung bleiben geopolitische Themen.

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General information

AuthorErste Group Research
Date2022/03/11
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusBanks, Chemicals, Construction & Material, Industrial Goods & Services, Insurance, Oil & Gas
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