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While European stock markets are losing steam, the Vienna Stock Exchange closed on Wednesday with gains. However, volume was low in Europe as US stock markets remained closed due to Independence Day. The ATX rose 30.69 points or 0.95% to 3,255.09 units
By comparison, the main stock indices at 5:30 pm: Dow Jones / New York -0.54%, DAX / Frankfurt -0.24%, FTSE-100 / London -0.27% and CAC-40 / Paris + 0.03%
Investors are turning away from the political turmoil over the asylum dispute in Europe. Now, concerns over the trade dispute between the US, China and the EU could again be a burden. Because Friday, US import tariffs on Chinese products are expected to come into effect. Beijing has already threatened to take countermeasures.
In this context, the economic data had no influence on the market. For example, the sentiment of service providers in the euro area was mixed in June. The index of the corresponding purchasing managers of the IHS Markit sank in Spain, while it has increased in Germany, France and Italy. However, market expectations have been missed in France. In contrast, the indicator for the euro area as a whole rose for the first time in four consecutive declines.
KTM with good numbers
The heavyweight recovery of banks in particular has pushed ATX up. Raiffeisen increased by 4.23% and Erste Group by 1.88%. Both shares had left the day before with trading losses. Also Bawag showed with 1.28 percent in the most.
In addition, there was before all the news of the second row. During the first half of 2018, KTM sold 15% more motorcycles than during the same period of the previous year. The manufacturer's shares of motorcycles and sports cars have increased by 1.25% compared to the previous day – today they have remained unchanged.
Wolford also grew more than ten percent to 16.40 euros. At the manufacturer Vorarlberg low, the share of German billionaire dotcom Ralph Bartel has increased to more than 30 percent. Bartel had risen 25.38% in 2013.
Verbund shares gained 2% to 29.60 EUR. Erste Group badysts have increased their price target for utilities from $ 17.00 to $ 30.50.
Meanwhile, the CRS research experts confirmed their purchase recommendation and $ 50.00 UBM course goal. The papers of the real estate company were set at 0.73% to 41.30 euros of the market. After a cheering start to the year in 2018, the company with its strong real estate development and record-breaking portfolio for years to come, well positioned, writes SRC badyst Stefan Scharff.
(APA)
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