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2022/12/09 / Erste Group Research

Geringeres Wachstumstempo dämpft Gewinne 2023


Der globale Aktienmarktindex gab in der letzten Woche in EUR um -3,1% nach. Der S&P verlor in EUR -3,3%. Der Stoxx 600 notierte um -1,9% tiefer. Der globale Emerging Market Index verlor in EUR -1,5%.

Aktien Global: Die Befürchtung einer globalen Wachstumsverlangsamung hatte zuletzt einen Druck auf die Ölpreisnotierungen ausgelöst. Der Preis für ein Barrel Brent ist um -12% auf USD 71,3 gesunken. Das ist ein Rückgang um -3% seit Jahresbeginn. Die Gewinnprognosen für das Jahr 2023 haben sich in den letzten Wochen für zahlreiche zyklische Sektoren verschlechtert.

Ausblick: Wir erwarten, dass die globalen Leitindizes am Wochenbeginn wenig verändert sein werden. Die am kommenden Dienstag veröffentlichten US-Inflationsdaten werden Aufschluss über die weitere Marktentwicklung geben. Wir erwarten für die kommende Woche eine Seitwärtsbewegung des globalen Aktienmarktindex.

Aktien Österreich: Der ATX fiel diese Woche um 1,6% unter die 3,200-Punkte Marke zurück. International kamen besonders Finanzwerte sowie der Öl- und Gassektor unter Druck. Anleger warteten die kommende Woche anstehenden Zinsentscheidungen von EZB und FED ab, nachdem Hoffnungen auf fallende Inflationsraten die Aktienmärkte seit Mitte Oktober gestützt hatten. Kommende Woche sehen wir den ATX am ehesten in der Bandbreite zwischen 3.100 und 3.200 Punkten.

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General information

AuthorErste Group Research
Date2022/12/09
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusBanks, Construction & Material
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