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2020/12/18 / Erste Group Research

ATX im vorweihnachtlichen Hoch

Der Aufwärtstrend des globalen Aktienmarkes hielt auch letzte Woche an. Der Weltaktienindex legte in EUR um +0,6% zu. Der Stoxx 600 befestigte sich um +1,1%.

Die Aufwärtstendenz des europäischen Aktienmarktes sollte im Q1 andauern, da das erwartete Gewinnwachstum positiv ist (2021e: +38%) und das Niedrigzinsumfeld voraussichtlich noch jahrelang andauern wird.

Der US-Aktienmarkt ist derzeit in einer stark übergekauften Situation. Das kurzfristige Steigerungspotenzial erscheint begrenzt. Wir erwarten in der kommenden Woche eine Seitwärtsbewegung des globalen Leitindex.

Der ATX setzte diese Woche seinen Aufholkurs weiter fort und schloss mit einem Wochenplus von 2,7% erstmals seit März wieder über der 2,700-Punkte Marke. Von den ATX-Schwergewichten waren insbesondere die zyklischen Titel voestalpine und RBI stark gesucht, kein Titel schloss mit negativem Vorzeichen. Auch charttechnisch steht einer Fortsetzung des Aufwärtstrends über die letzten Handelstage bis zum Jahreswechsel nichts im Weg.

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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, Financial Services, Food & Beverage, Insurance, Technology

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