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2021/03/09 / Erste Group Research

Moderate Abschwächung erwartet


Der globale Aktienmarktindex notierte in der letzten Woche in EUR um -0,2% tiefer. Der Stoxx 600 tendierte seitwärts, der S&P 500 stieg in EUR um +0,2%, der Nikkei 225 verlor in EUR -3,7%. Der globale Schwellenländerindex gab in EUR um -0,9% nach.

Die Global Economic Surprise Indizes zeigen, dass in allen wichtigen Ländern bzw. Regionen derzeit die positiven Überraschungen der Wirtschaftsdaten überwiegen. Dies trifft insbesondere für die Eurozone zu. Auch die Daten aus den USA überraschen mehrheitlich positiv.

Ausblick. Nach dem bisher sehr guten Verlauf der Firmen-Berichtssaison in den USA und in Europa richtete sich die Aufmerksamkeit der Investoren zuletzt auch verstärkt auf das steigende Niveau der Renditen in den USA. Der Renditeanstieg und Gewinnmitnahmen hatte eine erhöhte Volatilität an den Aktienmärkten zur Folge. Wir erwarten in der kommenden Woche eine moderate Abschwächung des globalen Aktienmarktindex.

Der ATX legte diese Woche weiter leicht zu vor allem dank der erneut starken Performance der Ölwerte. Die Berichtssaison ging auch in Österreich mit Andritz, Zumtobel und Flughafen Wien weiter. Medial im Fokus stand hingegen die Lenzing infolge von Umetikettierungsvorwürfen bei ihrem Masken-JV Hygiene Austria.

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General information

AuthorErste Group Research
Date2021/03/09
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusBanks, Basic Resources, Chemicals, Construction & Material, Industrial Goods & Services, Technology
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Erste Group related products

Name  ISIN# Erste Group products
Addiko BankAT000ADDIKO00
amsAT0000A18XM40
AndritzAT000073000749
LenzingAT000064450558
Mayr-MelnhofAT00009382047
SemperitAT00007855550
Vienna Int. AirportAT00000VIE620
ZumtobelAT000083730735



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