indexes in this article
Vienna (dpa-AFX) – The Vienna Stock Exchange ended trading on Tuesday with moderate gains. After the surprise US data in the afternoon, the stock market temporarily rose further, but gave back part of the gains. The index closed up 0.58 percent at 3,224.43 points. ATX Prime improved by 0.57 percent, to 1,616.55 points.
In the United States, producer prices rose less sharply in October than economists previously expected. This should relieve some of the pressure on the US Federal Reserve to raise interest rates significantly. The Empire State index for November also surprised, coming in at 4.5 points instead of the forecast minus six points. A positive reading indicates an improvement in sentiment in the manufacturing sector in New York State.
In Vienna, the focus was on the Vienna Insurance Group (VIG) and Rosenbauer with their respective results for nine months. The Rosenbauer fire-fighting equipment factory slipped into the red. Shares lost about 1.9 percent with relatively low trading volume. Throughout the year the leaves were also much higher in some cases.
At the insurance company VIG, profit before tax increased surprisingly. Erste Group maintains the Buy rating on the stock. The group participation certificates are listed without change.
And voestalpine steel group papers rose 1.7 percent. Wiener Privatbank analysts confirmed their “buy” investment recommendation and the fair value of the stock. The steel group’s numbers were well above the bank’s expectations, analyst Nicholas Kneipp wrote in a study.
Banking stocks headed mixed. Erste Group and BAWAG shares rose 0.7 percent and 0.4 percent, respectively, while Raiffeisen Bank International (Raifeisen) fell 1.3 percent. UBM, Semperit (both up 3.7%) and Marinomed (up 4.1%) saw stronger price jumps, however, the latter saw higher volumes. Frequent made the most important contributions. The shares lost nearly three percent in value. / spo/spa/APA/jha