Economy, Trade & Finance: Vienna Stocks End: Slight losses in holiday trading

Economy, Trade & Finance: Vienna Stocks End: Slight losses in holiday trading

Economy, Trade & Finance: Vienna Stocks End: Slight losses in holiday trading

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Economy, Trade & Finance: Vienna Stocks End: Slight losses in holiday trading

Market participants are currently acting cautiously on several factors. In the Brexit talks between the European Union Market participants are currently acting cautiously on several factors. There are still no signs of a breakthrough in the Brexit talks between the European Union (EU) and Great Britain. Most recently, however, the British government announced that it would withdraw several controversial clauses from its planned internal market law. In the next few days, EU Commission President Ursula von der Leyen and Prime Minister Boris Johnson are due to meet in Brussels to come to an agreement.

The foreign exchange market also continued to face headwinds. The euro remained at a sustained high level and remained above the US $ 1.21 mark. The strong common currency is worsening the export prospects for domestic companies outside the euro area. As the third major stress factor, the situation around the corona pandemic remains tense.

Company news relevant to the price did not materialize on the holiday. However, a new analyst assessment of Semperit was available. The titles of the rubber and rubber manufacturer are included in Baader Bank’s “Top Stock Picks” list for 2021. Baader analyst Christian Obst also confirmed his “Buy” recommendation and price target of EUR 35.00. The shares rose by 1.43 percent to EUR 24.85, making them one of the biggest price winners on the prime market. Only the stocks of the aerospace supplier FACC (plus 3.28 percent) and the shares of the automotive supplier Polytec (plus 1.48 percent) rose even more.

In the narrower ATX leading index, the papers of the oil field equipment supplier Schoeller-Bleckmann took the lead with a plus of 1.25 percent. Among the index heavyweights, Andritz (plus 1.00 percent) and the OMV share, which was already strong in the past trading days (plus 0.88 percent), rose the most.

The weakest ATX value, on the other hand, was Do & Co with a minus of 2.43 percent. Among the larger index stocks, BAWAG stocks posted the strongest discounts, down 1.42 percent. The two other bank stocks in the leading index, Raiffeisen Bank International (minus 0.72 percent) and Erste Group (minus 0.04 percent), also ended the trading day in negative territory.

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