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2022/11/11 / Erste Group Research

Niedrigere US-Inflation: Aktien fester


Nach dem geringer als erwarteten Anstieg der US-Inflationsrate für den Oktober legte der globale Aktienmarktindex in der letzten Woche in EUR um +2,4% zu. Der S&P 500 befestigte sich in EUR um +1,9%, der Stoxx 600 stieg um +5,5%. Der Nikkei 225 gab in EUR um -0,5% nach.

Die Konsensus-Prognose für das Gesamtjahr 2022 ist für US-Unternehmen ein Gewinnanstieg um +6,5% (j/j) und für 2023 ein Gewinnzuwachs von +3,9% (j/j). Ein negativer Aspekt bei diesem insgesamt positiven Ausblick für US-Aktien ist aber die Tatsache, dass sich die erwartete Gewinnwachstumsrate für 2023 in den letzten Monaten abgeschwächt hat.

Ausblick: In der nächsten Woche berichten die Technologiefirmen Infineon und NVIDIA bzw. Siemens, aber auch Handelskonzerne wie Walmart und Home Depot über ihre Geschäftsentwicklung im 3Q. Wir erwarten, dass der globale Aktienmarktindex in der nächsten Woche weiter ansteigen wird.

Aktien Österreich: In einem starken internationalen Börsenumfeld gewinnt der ATX knapp 8% und überspringt damit seinen gleitenden Durchschnitt der letzten 200 Tage, was als starkes Kaufsignal zu interpretieren ist. Bis auf die S Immo schlossen alle ATX-Werte im Plus. Stärkster Wert war Lenzing mit einem Wochenplus von 42% jedoch ohne fundamentale News. Am österreichischen Aktienmarkt stand die laufende Berichtssaison im Fokus mit etlichen positiven Updates.

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General information

AuthorErste Group Research
Date2022/11/11
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusAutomobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Industrial Goods & Services
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Erste Group related products

Name  ISIN# Erste Group products
Addiko BankAT000ADDIKO00
Austrian PostAT0000APOST431
FACCAT00000FACC226
LenzingAT000064450574
PolytecAT0000A00XX90
voestalpineAT000093750379
WienerbergerAT000083170662
ZumtobelAT000083730736



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