Vienna closure: friendly start of the week



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VIENNA (dpa-AFX) – The Vienna Stock Exchange closed Monday with a friendly trend. The ATX increased by 13.43 points, or 0.44%, to 3033.20 units. The European environment also started with gains during the new trading week. Above all, the fact that, in the budget dispute with the European Commission, the Italian government is ready to compromise for the first time. Government sources said on Monday that the government was ready to negotiate with Brussels to reduce the deficit for 2019 from 2.4% to 2.2%.

The issue of Brexit has also been shaken recently: this weekend, the remaining 27 Member States had announced the departure of Britain, but the British Parliament has no majority in favor of the treaty at the moment.

The current economic data are a little behind: the mood in the leading floors of the German economy has faded in November for the third consecutive month.

Verbund shares, which rose 3.15% to EUR 36.62, were strong among domestic individual shares. Telekom Austria was able to grow by 3.86% to 6.45 euros, ahead of the list of winners in the premium market. Zumtobel gained 3.59% to 8.38 euros.

UNIQA shares rose by 2.19% to 8.40 euros and the Vienna Insurance group by 1.72% to 23.66 euros. Insurers and banks have been among the big winners in the European comparative sector.

Bawag shares closed at 1.30% at 37.36 euros. Securities experts Raiffeisen Centrobank (RCB) confirmed their vote with "Buy". The price target has however been reduced from 50 to 46 euros.

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