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2020/11/06 / Erste Group Research

Konjunkturerholung stärkte Q3-Zahlen in Österreich


Der globale Aktienmarkt-Index befestigte sich in der letzten Woche in USD um +6,4%. Der S&P 500 stieg um +6,1%, der Stoxx 600 notierte um +7,4% höher.

Mittel- und langfristig ist der Trend der US-Leitindizes moderat aufwärts gerichtet. Die Umsatzentwicklung (2021e: +7,8%) und die Gewinnentwicklung (2021e: +21%) sollten im nächsten Jahr voraussichtlich wieder deutlich positiv sein. Nach einem Wegfall der Unsicherheit über den Wahlausgang dürfte die starke COVID-19-Ausbreitung in den USA und in Europa wieder zu einem wichtigen Thema werden.

Die US-Berichtssaison geht langsam zu Ende. Nächste Woche werden vermehrt europäische Firmen über ihre Umsatz- und Gewinnentwicklungen berichten. Wir erwarten, dass der globale Aktienmarkt nach den starken Zugewinnen der Vorwoche seitwärts tendieren wird.

Mit einem Plus von 7% bügelte der ATX die Verluste von letzter Woche, in der viele neue Corona-Lock Downs beschlossen wurden, wieder aus. Obwohl in den USA immer noch kein Sieger der Präsidentenwahlen feststeht, gingen die Anleger ab Dienstag wieder ins Risiko. Bis auf Lenzing schlossen alle ATX-Werte im Plus, allen voran AT&S (+20,6%), die mit ihren Halbjahreszahlen und einem starken Ausblick die Erwartungen übertraf und der Verbund (+11,2%), der ebenfalls seine Guidance anhob.

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General information

AuthorErste Group Research
Date2020/11/06
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusAutomobiles & Parts, Banks, Chemicals, Construction & Material, Industrial Goods & Services, Technology, Utilities
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Erste Group related products

Name  ISIN# Erste Group products
-AT0000652011111
Addiko BankAT000ADDIKO00
amsAT0000A18XM40
AndritzAT000073000750
AT&SAT00009699853
LenzingAT000064450554
PolytecAT0000A00XX90
SemperitAT00007855550
VerbundAT000074640961
WienerbergerAT000083170656



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