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2021/03/26 / Erste Group Research

Aktienmärkte schalten einen Gang zurück


Der globale Aktienmarktindex stieg in der letzten Woche in EUR um +0,3%. Der S&P 500 legte in EUR um +1,1% zu, der Stoxx 600 verlor -0,8% und der Nikkei 225 gab in EUR um -3,8% nach. Der globale Schwellenländer-Index notierte im Wochenvergleich in EUR um -3,2% tiefer.

Für das gesamte Jahr 2021 wird für Europa ein Umsatzwachstum von +9,9% (j/j) prognostiziert. Die adjustierten Gewinne sollten um +38,6% ansteigen. Das für heuer erwartete Gewinnwachstum ist in Europa höher als in den USA (2021e: +25%) und höher als beim für den Weltaktienmarkt (+29,4%). Europäische Aktien sollten 2021 von den guten Perspektiven profitieren und auf mittelfristige Sicht weiter positive Erträge erzielen.

Die mittelfristigen Aussichten sind für den globalen Aktienmarkt positiv. Nach dem Erreichen neuer Rekord-Hochs hat die Aufwärtsdynamik bei vielen Leitindizes allerdings nachgelassen. Wir erwarten in der kommenden Woche eine Seitwärtsbewegung des globalen Aktienmarktes.

Der ATX legte diese Woche mit einem Minus von 2% eine Verschnaufpause ein. Seit Jahresbeginn liegt der Index rund 13% im Plus. In Österreich sorgte heute das nachgebesserte Übernahmeangebot für die S Immo für einen Kurssprung von über 10%. Auch die AT&S legte fast 10% zu, da die Mittelfristziele dank neuer Investitionen früher erreicht werden.

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General information

AuthorErste Group Research
Date2021/03/26
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusAutomobiles & Parts, Construction & Material, Food & Beverage, Industrial Goods & Services, Real Estate, Technology
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