The Vienna Stock Exchange closed on Tuesday with significant price falls. The ATX slipped 4.30 percent to 2,114.22 points.
In international comparison, this was a deep red runaway down: The leading German index The DAX, which started with a strong plus, was ultimately able to save a small plus of 0.15 percent at 11,075.29 points across the finish line.
Heavyweights under pressure
After the strong start of the week, the ATX suffered significant price losses again on Tuesday. The ATX was burdened by the sometimes massive discounts on some index heavyweights. So slipped Raiffeisen-Paper 8.8 percent now and then voestalpine lost 9.4 percent in value. Shares of Composite closed almost ten percent lower and BAWAG lost 5.6 percent.
In Vienna the current reporting season also caused movement. So the shares of the Vienna Airport after a more solid course at the end of the session by 0.39 percent. The Vienna Airport suffered significant losses in sales, earnings and passenger numbers in the first quarter.
Shares of Addiko bank 2.78 percent fell into the red. Addiko Bank, which has been listed on the stock exchange since July 2019, was hit hard by the corona crisis at the beginning of the year. The institute slipped deep into the loss zone and cut the outlook.
The share certificates of Rosenbauer improved by 0.94 percent. The group, which specializes in fire engines and fire engines, achieved a significant increase in profits in the first quarter. The order books are full.
International environment
While positive news about a possible vaccine candidate against the lung disease Covid-19 had boosted the stock exchanges on Monday, some experts have already warned of rash euphoria.
According to the head of the central bank Jerome Powell the corona virus pandemic has made the US economy into the worst recession since then second World War overthrown. There has been no model in recent history for “the scale and speed” of the current downturn, said Powell on Tuesday in U.S. Senate.
Current economic data also came into focus. Despite the severe recession Stock market professionals are surprisingly optimistic about the prospects for the German economy. The barometer of their expectations for the next six months rose by 22.8 to 51 points in May. Economists had only expected an increase to 32 points. However, the stock marketers rated the situation worse than last
Construction activity in the United States crashed massively in April due to the Corona crisis. The number of housing starts fell 30.2 percent month-on-month. This is the sharpest decline since the start of the 1959 survey. Economists had expected an average decrease of 26.0 percent.
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