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VIENNA (dpa-AFX) – The Vienna stock exchange has closed on Friday with lower prices. The Austrian leading index ATX fell by 0.34 per cent easier to 2318,60 points from the trade. A volatile day of trading, the ATX a number of times the sign had changed was gone. According to the witches ‘ Sabbath, to have lunch in the Index was able to expand its share price gains, slipped finally into the negative Terrain.
The majority of ATX-heavyweights suffered losses. First Group fell by 1.36 per cent, Raiffeisen Bank International to 1.60 percent. OMV closed 0.20 percent lower, Voestalpine fell to 1.09 per cent. The European stock market environment, finishing the business-friendly, also in the USA, it went uphill in the equity markets.
Pulses of message side remained in Vienna, the international factors of influence number of goods, but rich. The Covid pandemic and its impact remained the Central theme. Here the market participants are torn between Hope and Fear.
“While in Europe there are signs of a relaxation of the Covid-19-pandemic, is not done, the Infection in other Parts of the world still under control. Nonetheless, some point to early indicators already on a gradual brightening of the global economy. In the United States, there has been a stabilisation of new infections, however, at a high level”, summarized the Economists of the First Group.
The Concerns in the equity markets, remain. “The economic prospects are brightening, though. However, shares seem to have quickly a lot of Positive anticipated. In view of the coming months, the risk-reward ratio is not very attractive,” says Helaba. The First Group is careful to note that “risks to the global stock market, if the reporting season for the second quarter disappointed or containment measures according to increasing Covid-19-new infections would need to be tightened”, – said there.
Such a tightening could be in the United States is necessary. “So far, the efforts in the United States to the containment of the Virus were not particularly successful,” said the President of the Central Bank of Boston, Eric Rosengren, on Friday afternoon. This could ultimately mean that a prolonged Shutdown locking with factory closures would be necessary. This is likely to dampen consumption and investment, unemployment increase, so Rosengren.
US President, Trump also gave further fuel in a trade conflict with China. Trump had threatened on Thursday with a complete rupture of all economic relations. Beijing responded to the Trump threat with the note that a crash of the economy can’t solve relations “the problems of the USA, and only more disadvantages for the normal Americans” will bring.
Also in the focus of today’s trading day was EU summitthat went without a result. EU budget Commissioner Johannes Hahn wishes that the next summit in July to a compromise./cat/dkm/APA/fba