VIENNA (dpa-AFX) – The Vienna Stock Exchange closed with losses on Tuesday. The domestic stock market came under pressure due to fears of inflation moving into the middle, which had already resulted in heavy sales in the USA the day before. Figures published today on inflation expectations in the euro zone were in the same direction.
The domestic leading index ATX lost 0.74 percent to 3351.46 points. The ATX Prime fell 0.75 percent to 1707.83 points.
The barometer for long-term inflation expectations in the euro zone, the so-called five-year-five-year forward, climbed to 1.6075 percent on Tuesday. For the first time since December 2018, the 1.60 percent mark was exceeded. The number means that investors on the stock exchange expect an average inflation rate of just over 1.60 percent between 2026 and 2031.
In the US, inflation expectations had risen to their highest level in ten years on Monday and had weighed heavily on the Wall Street indices. In today’s late trading, the downward slide on the US stock exchanges continued: The market-wide S&P 500 recently lost 0.4 percent.
Among the individual stocks, attention is directed, among other things, to Agrana, whose shares had trended up for large parts of the trading day and ended up trading 0.32 percent lower. The fruit, sugar and starch group earned significantly more in the past fiscal year 2020/21 and increased its profit by 76.3 percent to 55 million euros compared to fiscal year 2019/20, the company announced. The Erste Group experts spoke of no surprise in the Group’s final results.
The shares of Erste Group, however, rose by 0.79 percent. According to information from the Slovenian business newspaper “Finance”, the domestic financial institution is interested in buying the second largest Slovenian bank, Nova KBM (NKBM). Neither the US fund Apollo, which wants to sell its 80 percent stake in NKBM, nor the Erste Group have so far confirmed the information, according to the newspaper.
The analysts of Erste Group, however, have resumed their rating for the shares of the domestic Kapsch TrafficCom with “hold” after the stocks were initially “under review”. The target price was set by analyst Daniel Lion at EUR 15.0. The titles lost 0.28 percent to 14.42 euros, but had at times trended significantly lower.
The field of losers in the prime market segment was led by the shares of FACC (minus 3.55 percent). Right behind, Polytec closed 3.37 percent lower after they had clearly tightened the day before after a positive analysis. AT&S were also 2.99 percent weaker from the trade./sto/pma/APA/fba
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