VIENNA (dpa-AFX) – On the Vienna stock market, the ATX continued its record rally with moderate vigor on Tuesday. After moderate gains from the early stages soon crumbled, the domestic leading index closed with a small increase of 0.04 percent to 5,173.28 points. At the daily high it tested air above 5,200 points for the first time. The ATX Prime rose 0.04 percent to 2,569.99 points. In the European environment, there were mostly taxes to be seen.
The bottom line was that the mixed US labor market data confirmed the prevailing interest rate cut expectations on the market with regard to the US Federal Reserve and did not give any new impetus to share prices. “Ultimately the assessment is confirmed that the… US labor market continues to gradually cool down,” commented Commerzbank economist Christoph Balz. Particularly because of the higher unemployment rate, the Fed will “see itself confirmed in giving priority to the labor market at the moment, especially since the weaker wage growth does not indicate inflationary pressure from the labor market.”
Negotiations to end the Ukraine war also remained in view. After the two-day Ukraine consultations in the Chancellery in Berlin, there were optimistic comments from the Ukrainian and US sides. Moscow, meanwhile, signaled an unchanged stance.
On the company side, the reporting situation remained calm. The ATX again received support from the heavily weighted securities of Erste Group, which gained 1.5 percent in a positive European sector environment. Andritz shares also rose by 2.1 percent. Wienerbergers were also in high demand, increasing by 3.7 percent. Verbund, BAWAG and OMV, on the other hand, lost up to 2.3 percent.
Otherwise, the focus was on analyst assessments. RBI gained 0.4 percent after an “outperform” rating from Oddo BHF. In the weak industry environment, SBO lost 2.5 percent to 27.20 euros after the analysts at Wiener Privatbank reduced their fair value for the shares from 43.8 to 40.5 euros. However, the “buy” vote for the oilfield equipment supplier’s shares was confirmed by the responsible expert Nicolas Kneip./spa/mik/APA/nas