Earnings season in focus: ATX and DAX head higher into the weekend -- Profit-taking on US stocks -- Asian stocks close higher - No trading in Japan |4/29/22 |finanzen.at

2022-06-03 22:47:54 By : Mr. Johnny Sun

The domestic and German stock markets were very strong on Friday.Wall Street was down on Friday.The stock exchanges in the Far East posted gains on Friday.The Vienna Stock Exchange continued its upward movement on Friday.The ATX climbed shortly after the start of trading and then continued to increase.His final score: 3,286.05 points (+0.52 percent).The domestic leading index thus tied in with the recovery course from Thursday.According to market observers, the mood brightened significantly towards the end of the week.Above all, the good course of the reporting season so far has put investors in a buying mood again.A large number of economic data were followed with excitement on the markets on Friday.On the one hand, the inflation data for the euro zone for April were published.The increase in consumer prices reached a record high of 7.5 percent compared to the previous year.Inflation continued to be driven by high energy costs.In Austria, too, inflation continued to rise to 7.2 percent.Meanwhile, the domestic economy got off to a strong start in the year.Compared to the previous quarter, the gross domestic product (GDP) from January to March increased by 2.5 percent in real terms, compared to the same quarter of the previous year by as much as 8.7 percent.At the same time, the economy in the euro zone grew moderately in the winter, as expected.In the first quarter, gross domestic product (GDP) increased by 0.2 percent compared to the previous quarter.In Vienna, the current reporting season reached its preliminary peak on Friday.With the Erste Group and OMV, two ATX heavyweights presented their figures for the past quarter before the IPO.Andritz, STRABAG and other companies have also opened their books.Investors continued to access the German stock market before the weekend.The DAX gained at the start and remained firm.It ended up 0.84 percent at 14,097.88.The previous day's recovery on the German stock market continued on Friday.The leading German index was thus able to make up for the losses it had accumulated this week.Before the weekend, prices on the German stock market continued to rise."Sentiment brightens towards the end of the week," wrote portfolio manager Thomas Altmann of QC Partners."Some are getting braver".The regular course of the season of quarterly reports so far has lured investors back into shares.The DAX, which is characterized by many export companies, also received a tailwind from the ever weaker euro.The clearly positive trend on the New York stock exchanges on the previous day also had a supportive effect.There were after-hours company figures from the online retailer Amazon and the iPhone manufacturer Apple."With Amazon, the current US reporting season has its second major disappointment," wrote expert Altmann.US markets were seen discounting ahead of the weekend.The Dow Jones opened with a narrow loss and then increased it to 2.77 percent and thus 32,977.40 points.In the meantime, the NASDAQ Composite tech stock index went down significantly, closing 4.17 percent weaker at 12,334.64 points.At the end of the week, profits were taken on the US stock exchanges.On Thursday, the quarterly report from Facebook parent Meta made investors optimistic, especially for the technology sector, but Amazon's figures now show that confidence may have been premature.The online mail order company closed the first quarter with a loss.The negative result reflects general economic trends: declining online purchases, high inflation and supply chain problems.Stock exchanges in Asia turned green on Friday.The leading Japanese index Nikkei remained closed at the end of the week due to a public holiday.Most recently, it closed with a gain of 1.75 percent at 26,847.90 points.In mainland China, the Shanghai Composite closed up 2.41 percent to 3,047.06 points.Hong Kong's Hang Seng ended the weekend 4.01 percent higher at 21,089.39 points.Asian stock markets followed positive guidance from Wall Street on Friday.Another positive impetus came from Apple's quarterly figures, which were announced after the trading day and turned out better than expected.Strong gains in tech stocks, particularly in Hong Kong, were a driver.In the US, the tech-heavy Nasdaq indices had clearly increased the most, fueled by some good business figures from the tech sector.Editorial office finanzen.at / APA / Dow Jones Newswires / dpa-AFXTrade stocks, ETFs, derivatives, cryptos and more for 0 euros per trade now!Oskar is the simple and intelligent ETF savings plan.He takes over the ETF selection, is tax-smart, transparent and cost-effective.Contact - Imprint - AdvertisingSitemap - Privacy Policy - Disclaimer - Terms & Conditions - Privacy Settings