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2022/01/07 / Erste Group Research

ATX: Gute Aussichten für Substanzwerte und Zykliker

Der globale Aktienmarktindex fiel in der letzten Woche in EUR um -1,3%. Der S&P 500 gab in EUR um -1,9% nach. Der Stoxx 600 stieg um +1,2% und der Nikkei 225 legte in EUR um +1% zu.

Zum erwarteten globalen Gewinnwachstum 2022 tragen vor allem die Gewinnanstiege der Sektoren zyklischer Konsum, Technologie, Energie, Industrie und Gesundheit bei. Beim Rohstoffsektor wird ein stärkerer Gewinnrückgang erwartet.

Am Ende der kommenden Woche beginnt in den USA die Berichtssaison mit den Unternehmensergebnissen der Banken JPMorgan Chase, Citigroup und Wells Fargo. Wir erwarten, dass der globale Aktienmarktindex in der nächsten Woche seitwärts tendieren wird.

Der ATX startet mit einem Wochenplus von 2,5% ins Neue Jahr und lässt damit bereits in der ersten Woche des Jahres 2022 die meisten anderen internationalen Indizes hinter sich. Der Trend zu Value Stocks und zyklischen Aktien scheint sich fortzusetzen, was dem ATX aufgrund seiner Zusammensetzung zugutekommt.

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General information

AuthorErste Group Research
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusBanks, Industrial Goods & Services, Oil & Gas

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