Most of the European stock market environment also went deeper into the weekend – overnight drone attacks on Iran had caused anxiety in the markets since the beginning of the session. The international community called on Iran and Israel and their allies to avoid escalation in the Middle East.
“It is absolutely essential that the region remains stable and that all sides reject other actions,” said EU Commission President Ursula von der Leyen. The seven major Western industrial nations (G7) also warned against the escalation of the conflict in the Middle East and called on “all sides to avoid escalation.”
“Even without the recent events in the Middle East, recently things have become more uncomfortable on the financial markets. The US inflation news has led to disillusionment with the interest rate cuts that investors had previously flagged. the global stock markets,” wrote Helaba experts on the current market situation.
In Vienna, the news situation before the weekend was still poor. Due to a reversal in heavily weighted bank stocks, the ATX changed sign for late trading. Despite interim losses, financial stocks largely left the session stronger – only Raiffeisen Bank International still had a small loss of 0.4 percent. Bawag gained 0.1 percent, Erste Group climbed 0.8 percent and Addiko Bank climbed to the top of the price chart with a gain of 5.8 percent.
Shares in resources also supported the main index. EVN shares rose 2.3 percent, Verbund rose 0.3 percent. However, some industrial stocks such as Wienerberger (minus 1.5 percent) and Andritz (minus 1.4 percent) were weaker. The OMV heavyweight index also lost 0.7 percent.
Lenzing also closed with a discount of 2.5 percent. A fire broke out at the fiber manufacturer’s site on Friday morning. One person was injured. According to the company, there was “no risk to residents or the environment.” The reason was not clear at first.
On the data side, there were no market-moving releases scheduled before the weekend. German producer price figures came out this morning. These weakened further in March, but not as much as recently and not as much as analysts had expected. There were also speeches from central banks in the data calendar, which, according to Helaba, should not give any surprise, since the central bankers of the Fed and the ECB have positioned themselves very clearly in the a few days ago, it was said. /kat/APA/stw
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AXC0277 2024-04-19/18:35
2024-04-19 22:51:17
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