Viennese stock market with slight losses: ATX fights before the weekend!

Viennese stock market with slight losses: ATX fights before the weekend!

On Friday, the Vienna stock market completed the trade week with slight taxes. The leading index ATX fell by 0.02 percent and landed at 4,485.47 points. This marks the fifth loss day in the last six trading days, but the ATX has a small weekly plus of 0.05 percent. The European environment became weaker after a friendly morning and the investors were behavioral, especially in view of the irritated mood from the USA.

A look over the large pond shows that US President Donald Trump again attacked the US Federal Reserve and demands a reduction in the key interest rate to 1 percent. However, the majority of the members of the Offenmarkt Committee (FOMC) seem to resist political pressure, which further increases uncertainty on the market. Nevertheless, US Federal Reserve Director Christopher Waller pleaded for an interest rate reduction in the next FED session at the end of July. Waller is also traded as a possible successor to Jerome Powell, whose term of office ends in May 2026. This could have long -term effects on the markets that are already suffering from these geopolitical tensions.

upswing in the US economy?

While the discussion about interest reductions is underway in the United States, there are positive signals from the US economy. So the number of construction starts rose unexpectedly in June and the mood of the US consumers improved in July. This gives hope that despite the political turbulence in Washington there is a certain resilience in the American economy.

In Austria, Economics Minister Wolfgang Hattmannsdorfer (ÖVP) pleads for a harder gait of the European Union in the customs dispute with the USA. The concerns about trade relationships between the two economic areas remain a sensitive topic that also affects the domestic market.

stock performance at the Vienna Markt

As far as the domestic stocks are concerned, some values were able to grow while others ended up in the loss zone. Telekom Austria was provided by the analysts of Deutsche Bank with the "Hold" evaluation and a price target of 11.00 euros, but the share closed 0.2 percent lower at EUR 9.64. Raiffeisen Bank International (RBI) also received a “hold” rating with a price target of EUR 22.0, but fell by 1 percent to 25.16 euros. The price development at BAWAG and Erste Group, which increased by 0.5 percent or 0.2 percent, was positive.

The strongest winners of the day were frequentis with an increase of 4.8 percent, RHI Magnesita (+3.9 percent) and Semperit, which were added by 2.9 percent. Wienerberger also had an increase of 2 percent. On the other hand, DO & Co and FACC had to accept 3.3 percent or 1.3 percent. The providers also suffered: Verbund gave up 2 percent, EVN by 0.8 percent.

The mood on the Vienna Markt remains tense. All eyes are aimed at the upcoming decisions of the US Federal Reserve, while the European economy has to face the challenges of global trade. The forecasts show that the S&P 500 and some European values for the near future cause cautious hope for profit growth, which could be a certain support for the markets.

While we look into the weekend, it remains to be seen how the geopolitical developments and economic framework conditions will affect the stock exchange.