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2020/12/04 / Erste Group Research

Risikobereitschaft der Investoren steigt

In der letzten Woche schwächte sich der globale Aktienmarktindex in EUR leicht ab. Der Rückgang betrug -0,8%. Der Indexrückgang war vor allem durch die Befestigung des EUR begründet.

Die Gewinne europäischer Unternehmen sollten 2021 im Vergleich zu 2020 um ca. +39% steigen. Die Aussicht auf eine mögliche Eindämmung der COVID-19-Ausbreitung beflügelt den Optimismus der Investoren und erhöht deren Risikobereitschaft.

Die Aussichten für die weitere Entwicklung der Leitindizes bleibt auch für die nächste Woche positiv. Die gestiegene Risikobereitschaft der Investoren sollte eine weiter ansteigende Tendenz der zyklischen Aktien zur Folge haben.

Die Zugewinne des ATX im Monat November waren die höchsten seiner Geschichte. Der österreichische Leitindex konnte um 24,3% zulegen und pulverisierte seine bisherige Bestmarke aus dem Jahr 1990 (!). Besonders gefragt waren zyklische Werte. In den ersten Dezembertagen konnte der ATX seinen Anstieg fortsetzten, wenn auch deutlich gemäßigt.

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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, Insurance

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