|2023/01/25 / Erste Group Research|
Optimismus im Unternehmenssegment
Das Unternehmenssegment startet optimistisch ins Neue Jahr. Aktienindizes liegen im Plus, die Volatilität auf niedrigem Niveau, PMI und ifo entwickeln sich positiv. Diese Zuversicht basiert auf sinkende Gaspreise, rückläufige Inflationsraten und die entschärfte Lieferengpassproblematik.
Auf dem Sekundärmarkt äußert sich die positive Stimmung in einem seit Wochen anhaltenden Abwärtstrend der Credit Spreads. Am Primärmarkt ist eine hohe Emissionstätigkeit zu beobachten, die auch High-Yield-Unternehmen umfasst. Hinweise auf die weitere Entwicklung dürften einerseits die anlaufende Berichtssaison zum 4Q 2022 sowie die nächsten Zinsschritte der EZB liefern.
Spezialthemen der Woche:
- OeKB: Indikationen zum Finanzjahr 2022
- Emittent im Fokus: Hypo Tirol Bank AG
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|Author||Erste Group Research|
|Product name||Credit News DE|
|Topic in focus||Credits/ Corporate bonds|
|Economy in focus||Austria, Eurozone|
|Currency in focus||Euro|
|Sector in focus||-|
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