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2021/02/26 / Erste Group Research

Positive Aussichten für Europa


In der letzten Woche gab der globale Aktienmarktindex in EUR -2,6% nach. Der Stoxx 600 zeigte mit einer geringfügig negativen Performance von -0,2% eine relative Stärke zum Gesamtmarkt. Der S&P 500 notierte in EUR um -3,2% tiefer.

Im Verlauf der aktuellen Berichtssaison haben 68% der europäischen Firmen besser als erwartete Gewinne berichtet. 53% der Firmen haben besser als erwartete Umsätze berichtet. Für Q1 und Q2 2021 werden zudem im Jahresvergleich sehr hohe Gewinnanstiege erwartet.

Die europäische Berichtssaison geht mit bisher mehrheitlich guten Ergebnissen weiter. Nächste Woche werden Prudential, Vivendi, Henkel und Sberbank über den Verlauf ihrer Geschäfte berichten. Die Aussichten für Gewinnsteigerungen der europäischen Unternehmen sind für die nächsten Quartale positiv. Der Anstieg der Renditen von Staatsanleihen in den USA und in Europa verursacht voraussichtlich auch in der nächsten Woche eine höhere Volatilität der Leitindizes. Wir erwarten, dass der globale Aktienmarktindex in der nächsten Woche moderat tiefer notieren wird.

Der ATX kletterte diese Woche auf ein neues 12-Monats-Hoch angefeuert durch die starke Performance von OMV, die von hohen Ölpreisen profitierte, und Erste Group, die heute über den Erwartungen liegende Ergebnisse präsentierte. Damit schlug der österreichisch Leitindex seine internationalen Pendants, die von steigenden Renditeniveaus und Inflationssorgen ausgebremst wurden. Kommende Woche geht die Berichtssaison in Österreich mit Andritz, Zumtobel, Flughafen Wien und BAWAG weiter.

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General information

AuthorErste Group Research
Date2021/02/26
Languagede
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusBanks, Basic Resources, Construction & Material, Industrial Goods & Services, Technology
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