Vienna Stock Exchange Ends Monday with Slight Decline; Trade Volume Low on Whit Monday
Vienna, January 1, 2024 — The Viennese stock exchange experienced a modest downturn on Monday,Z wrapping up the trading day slightly lower on Whit Monday with moderate volume. The ATX fell 0.29 percent to 4,435.93 points. The ATX Prime closed with a minimal decrease of 0.18 percent at 2,230.95 points.
European Stocks Follow Suit Amid Holiday Calm
European stock markets also ended the day in the red. The trading environment was notably calm due to the holiday and took place in moderate sales. The message situation for Austrian companies was relatively thin, and no significant market-moving economic data was released in Europe or the United States.
International Trade Policy in Focus
The focus remained on international trade policy. China and the United States are pushing for negotiations to resolve their ongoing customs dispute. Representatives from both countries met in London, as reported by Chinese state media.
Winners and Losers on the Viennese Stock Exchange
Under individual values, AT&S emerged as a notable winner, surging by 4.4 percent. Construction stocks also performed well, with Strabag rising 1.9 percent and Porr up 1.4 percent. However, supply companies lost ground. Andritz closed 0.8 percent lower and EVN shed about one percent. Oil values saw OMV fall by 0.2 percent, whereas SBO gained 0.7 percent.
Bank values were mixed, with Bawag dropping 0.3 percent, while Raiffeisen saw a 0.7 percent increase. Insurance stocks faced selling pressure, with Vienna Insurance Group (VIG) declining by 1.3 percent and Uniqa down 1.2 percent.
Evergreen Context: The Impact of Global Trade Policies on European Markets
Trade disputes between global superpowers like China and the United States have a ripple effect on European markets. Trade policies influence not just the import and export sectors but also market sentiment and investor confidence. Analysts advise keeping an eye on trade talks as they can significantly impact international stock markets.
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