VIENNA (dpa-AFX) – The Vienna Stock Exchange ended trading on Friday almost unchanged and inconsistently. The domestic leading index ATX was able to completely make up for its losses and even reversed the signs in the auction: there was a slight increase of 0.05 percent to 3203.66 units. The broader ATX Prime, on the other hand, lost a very moderate 0.02 percent to 1607.47 points.
Predominantly negative information from Asia and the USA had weighed on the mood from the start of the meeting. Statements from US Federal Reserve Chairman Jerome Powell had weighed on Wall Street the evening before. The US monetary authorities are “not convinced” that interest rates are sufficiently restrictive to combat inflation, Powell said in a speech at a conference of the International Monetary Fund (IMF). “If it should be appropriate, the monetary policy “We will not hesitate to do so,” he added.
On the data side, the focus was on the consumer survey from the University of Michigan against the background of further monetary policy decisions. Consumer sentiment in the USA deteriorated more than expected in November. Consumer inflation expectations, on the other hand, rose surprisingly. Over the course of one year, they increased from 4.2 percent to 4.4 percent. Economists had forecast a decline here. In the USA, inflation expectations are particularly under observation, as the US Federal Reserve makes future interest rate decisions dependent on the development of economic data.
In Vienna, reports on individual values remained scarce before the weekend, and the reporting season also took a break. It became known that Erste Group was buying back a 15 percent stake in the subsidiary bank Erste Bank Hungary that it had taken over from the Hungarian state in 2016. Erste Group shares closed 0.1 percent lower.
An analyst voice came to Raiffeisen Bank International. Deutsche Bank has raised its price target from 15 to 17 euros and confirmed its “Hold” investment recommendation. The financial institution’s shares ended the session 0.20 percent lower at 15.24 euros. Papers from industry colleague BAWAG also lost 0.3 percent.
Oil stocks were in strong demand across Europe ahead of the weekend. The shares of index heavyweight OMV climbed 2 percent, shares of oil field equipment supplier Schoeller-Bleckmann followed closely behind with a premium of 1.7 percent. Warimpex led the list of price winners on Friday with a price increase of 7.4 percent./kat/ste/APA/nas