The Vienna stock market is expected to start trading on Tuesday with a weak trend. The domestic leading index ATX was indexed half an hour before the start of the session by a good 1.2 percent.
The European environment is also seen today with clear discounts after the friendly start of the week. Market observers referred to the negative requirements of the overseas stock exchanges. Growing corona concerns in the United States and the renewed tensions between the United States and China could also cloud the mood on the European stock exchanges, it said.
On the data side, the German ZEW survey is an important leading indicator for publication today. The data on industrial production in the eurozone and, in the afternoon, US consumer prices could also provide impetus for the financial markets.
The reporting situation in Vienna initially remained rather thin. Vienna Airport today announced traffic results. In the evening, after the close of trading in Vienna, Telekom Austria presents figures for the first half of the year.
On Monday, the ATX closed 1.04 percent higher at 2,301.70 points. According to market observers, investors’ hopes for the upcoming reporting season and a better-than-previously feared Corona quarter provided for a boost on the stock markets.
Support has recently also been given encouraging economic data, it said. Attention was also drawn to the growing hope of a vaccine against the coronavirus.
An industry comparison in Europe showed steel stocks among the larger winners. JPMorgan analysts pointed to a sharp rise in steel production in China at prices at the highest level of the year. In Vienna, voestalpine shares rose 2.39 percent.
Among the bigger winners were the titles of the Verbund with a price increase of 4.77 percent. EVN shares, on the other hand, were found at the lower end of the price list at minus 2.17 percent.
The biggest price winners in the prime market on Monday:
Zumtobel +7,64% 6,48 Euro
Verbund +4,77% 43,08 Euro
Palfinger +4,06% 20,50 Euro
The biggest losers in the prime market on Monday:
Porr -2,93% 14,58 Euro
s Immo -2,82% 16,52 Euro
EVN -2,17% 14,42 Euro
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