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2019/05/24 / Erste Group Research

Equity Weekly

Der globale Aktienmarktindex verlor in der letzten Woche in EUR -1,8%. Die relative Schwäche der Emerging Market Indizes hielt an. Der globale Schwellenländerindex fiel in EUR um -2,7%. Unter den Schwellenländern wiesen jene Osteuropas hingegen eine positive Performance auf (+1,9%).

Die Erwartungen für die Gewinne/Aktie haben sich für die meisten US-Sektoren verbessert. Beim Technologiesektor ist zudem der Überhang an positiven Gewinnrevisionen versus der negativen Revisionen angestiegen.

Wir erwarten in der kommenden Woche eine Fortsetzung der Abschwächung der globalen Leitindizes. Der nicht gelöste Handelskonflikt der USA mit China dürfte das Sentiment der Anleger vorerst weiterhin belasten.

Die Wiener Börse rutschte diese Woche um 4% ab und unterschritt die 3,000-Punkte Marke. Nur drei Titel schlossen mit positivem Vorzeichen. Von den ATX Schwergewichten lastete besonders die schwache Performance der voestalpine und OMV auf der Indexentwicklung. Die Furcht der Anleger vor einer Verschärfung des Handelskriegs zwischen den USA und China drückt weiterhin auf die Anlegerstimmung.

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General information

AuthorErste Group Research
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusConstruction & Material, Industrial Goods & Services, Insurance, Real Estate, Travel & Leisure

Erste Group related products

Name  ISIN# Erste Group products
CA IMMOAT000064135253


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