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2021/04/16 / Erste Group Research

US-Investment Banking Boom


Der globale Aktienmarktindex erreichte in der letzten Woche, unterstützt von steigenden Unternehmensgewinnen, einen neuen Höchststand. Der Zuwachs betrug in EUR +1%. Der Anstieg seit Jahresbeginn ist in EUR +11,8%. Der S&P 500 stieg in EUR um +1,2%, der Stoxx 600 legte um +0,4% zu.

Das Sentiment der Aktien-Investoren ist derzeit sehr positiv. Das ist nicht überraschend, wenn die Aktienmärkte auf Rekordhochs angelangt sind und die voraussichtliche Gewinnentwicklung heuer und im nächsten Jahr ebenfalls positiv ist. Der S&P 500 tendiert in solchen Situationen hoher Zuversicht in der Folge meist schwächer oder seitwärts.

Die US-Berichtssaison geht in der kommenden Woche weiter. Coca-Cola, IBM, Johnson & Johnson, Procter& Gamble, Abbott Laboratories, Verizon und AT&T werden über die Geschäftsverläufe des letzten Quartals berichten. Wir erwarten, dass auch diesmal die Ergebnisse mehrheitlich gut ausfallen werden. Die Gewinnzuwächse werden voraussichtlich höher sein als im Quartal zuvor. Der globale Aktienmarkt erscheint derzeit allerdings schon viel von der positiven fundamentalen Entwicklung der Unternehmen vorweggenommen zu haben. Wir erwarten daher in der nächsten Woche eine Seitwärtstendenz des Weltaktienindex.

Der ATX wagte sich mit einem Wochenplus von 0,5% zaghaft über die 3,200-Punkte Marke. Während der US-Markt mit fiskal- und geldpolitischem Rückenwind weiter von Rekord zu Rekord eilt, hinken ATX und andere europäische Indizes noch hinterher. In Österreich stach vor allem die Palfinger mit +6,5% nach positiver Gewinnwarnung hervor. Kommende Woche erwarten wir eine weitere Aufwärtsbewegung des ATX.

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General information

AuthorErste Group Research
Date2021/04/16
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusHealth Care, Industrial Goods & Services, Technology
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Erste Group related products

Name  ISIN# Erste Group products
Kapsch TrafficComAT000KAPSCH90
Marinomed Biotech AGATMARINOMED60
PalfingerAT00007583054



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