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The Vienna Stock Exchange continued to show clear price gains around noon on Friday. The national benchmark ATX was able to further expand its progress and traded around 12.00 with a premium of 1.86 percent at 2,256.41 units.
The ATX has been prepared mainly due to the good performance of bank stocks. The Spanish financial institutions Bankia and Caixabank want to merge to form the largest institute in the country. The merger should occur through a pure stock agreement.
In response, shares in the Erste Group, in which Spain’s Caixabank has 9.9 percent, rose 3.46 percent. Raiffeisen Bank International moved 3.99 percent to the top of the main market price winners and BAWAG gained 2.90 percent.
Wienerberger also posted clear gains, increasing by 2.31 percent. The building materials manufacturer withdraws from Switzerland and sells its subsidiary there, ZZ Wancor, to the Swiss building materials group swisspor, it was announced in the morning. Currently, the group sees better growth opportunities in other regions, it was said to justify. The parties agreed not to disclose the exact terms of the transaction.
Shares of the Austrian Post were up 0.53 percent to 28.60 euros. In a recently published analysis, Goldman Sachs confirmed the “Sell” rating and lowered the price target from EUR 28 to EUR 27.
Later on, investors’ eyes will be on the US employment report for August, which will be released this afternoon. “On average, a 1.4 million job increase and a slight decrease in the unemployment rate are expected. It appears that labor market data is increasingly leading to asymmetric impulses. While on the positive side, small surprises are enough to produce a positive To trigger a reaction in the market, it takes a strong negative surprise to do the opposite, “writes IG market analyst David Iusow ahead of release.
(End) kat / ger
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