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Research Detail

2019/11/08 / Erste Group Research

Equity Weekly


USA bewegen sich im Handelsstreit mit China. Globale Aktien +1,8%. DAX: ca. 2% unter neuem All-time High. USA: 76% der veröffentlichten Q3-Gewinne über den Erwartungen.

Die positiven Entwicklungen der Handelsgespräche zwischen den USA und China beflügelten diese Woche den Aktienmarkt. So war es das erste Mal, dass die US-Regierung zugestimmt hat, einen Teil der Zölle auf chinesische Waren im Wert von EUR 360 Mrd. Dollar zu streichen. Der globale Index legte im Wochenverlauf in EUR um +1,8% zu. In den USA notiert der S&P 500 auf einem neuen Allzeithoch. Der DAX liegt mit 13.270 Punkten knapp 2% unter dem Höchststand aus 2018. In der kommenden Woche erwarten wir eine Konsolidierung am Aktienmarkt. Unsere mittel- und langfristige Prognose für Aktien bleibt positiv.

Die Annäherung zwischen USA und China im Handelsstreit beflügelte auch den ATX. In Österreich lieferte zusätzlich die Berichtssaison Impulse. So legte die voestalpine trotz Gewinnwarnung um rund 10% zu in der Hoffnung, dass die Talsohle durchschritten wurde. Der Verbund hingegen fiel trotz guter Quartalszahlen da die hohen Markterwartungen nicht erfüllt werden konnten und positive Ergebnisüberraschungen schwieriger werden. Charttechnisch erwarten wir nach einer Verschnaufpause des ATX eine Fortsetzung der Aufwärtsbewegung, wobei es dann den Widerstand bei knapp über 3,300 Punkten (zugleich Jahreshöchststand vom April) zu knacken gilt.


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General information

AuthorErste Group Research
Date2019/11/08
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusAutomobiles & Parts, Basic Resources, Chemicals, Construction & Material, Industrial Goods & Services, Media, Technology, Telecommunications, Utilities
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Name  ISIN# Erste Group products
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voestalpineAT0000937503-
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WienerbergerAT0000831706-



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