Economy – Vienna Closing Shares:

VIENNA (dpa-AFX) – The Vienna Stock Exchange bid farewell at the weekend. The ATX rose moderately by 7.27 points or 0.22% Friday to 3268.94 units

The continuing escalation of the trade dispute between the United States and China has not increased. hardly shaken the market players at the end of the week. US $ 34 billion of new punitive US tariffs came into effect before the weekend. China reacted quickly and imposed retaliation the same day. Meanwhile, the conflict between the United States and the EU has remained calm. The day before, the hope of a slight de-escalation had cleared the market sentiment.

In the afternoon, the attention of investors then turned to the monthly report on US employment. In June, more jobs were created in the US economy than expected. Meanwhile, the unemployment rate calculated independently increased by 0.2 percentage points to 4.0 percent from the previous month.

Agrana provided new news to the Vienna Stock Exchange. For the fiscal year 2017/18, the group Sugar and Starch has decided to increase its dividend from 4.00 euros to 4.50 euros and also provides for a share-sharing of four for one to facilitate trading of his shares. Securities rose 0.67% to 89.90 euros

Voestalpine closed in the profit zone with more 0.85% to 41.29 euros. The support could have come from price gains from the colleague of the German ThyssenKrupp industry . At the start of trading, German steel giant's papers surged by more than four percent, the latest rising to about two and a half percent.

Previously, ThyssenKrupp CEO Heinrich Hiesinger announced his resignation. Hiesinger has recently been exposed to strong criticism from investors. For example, majority shareholder Cevian, US hedge fund Elliott and other investors accused the manager of not sufficiently promoting the restructuring of the group. Who is to follow Hiesinger, is currently still open.

Wienerberger shares closed with 1.42 percent to 21.44 euros. The building materials company has canceled the purchase of a Romanian brick manufacturer. Instead, investments will be made in existing locations in Romania.