Vienna stock market is expected to be clearly weaker ahead of trade | 10/15/20



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The Vienna Stock Exchange should open clearly weaker on Wednesday. An indication in the Austrian ATX index fell 0.80 percent about three-quarters of an hour before the start of trading. There are also signs of losses in the main European exchanges. Market watchers point to negative patterns from Wall Street and Asia.

Furthermore, the record rise in new infections in some European countries is weighing heavily on mood. According to Helaba analysts, the fact that an economic aid package will probably no longer be approved in the United States before the US presidential election is also a burden. “Risk aversion is increasing again,” experts said.

At the corporate level, the lack of news in the national stock market continues. Internationally, upcoming US labor market data could provide a boost throughout the year. The downward trend has recently slowed for initial jobless claims.

On Wednesday, the ATX closed 0.75 percent higher at 2,210.23 points. In the national stock market, there was a very limited information situation at the company level. Among Vienna heavyweights, Verbund shares gained 3.1 percent. voestalpine won 1.9 percent. In OMV there was a price increase of 1.5 percent.

The biggest winners in the main market on Wednesday:

Zumtobel + 4.44% 5.65 euros Semperit + 3.86% 22.85 euros Verbund + 3.10% 54.80 euros

The biggest losers in the main market on Wednesday:

Agrana -2.84% 16.42 Euro FACC -2.49% 5.10 Euro AMAG -2.24% 26.20 Euro

(Final) ste / sto

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