VIENNA / LONDON (IT BOLTWISE) – The Austrian leading index ATX has reached a new record high, surpassing its previous record from 2007. This development is supported by positive investor sentiment in Europe and the USA as well as hopes for an end to the Ukraine war. The strong performance of bank stocks and companies with a focus on Eastern Europe in particular contributes to this success.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
The Austrian leading index ATX reached a historic milestone on Wednesday by closing at 5,000.70 points, higher than ever before. This impressive performance surpasses the previous high in July 2007, when the index rose to 5,010.93 points during the day. The positive mood among European investors and the strong development on Wall Street contributed significantly to this success.
A key factor in the rise of the ATX is the renewed interest of international investors in European stocks. The ATX was particularly boosted by the robust growth prospects in Eastern Europe and positive trends in heavily weighted sectors of the leading index. Since the beginning of the year, the index has increased by an impressive 36 percent, which puts it at the top in an international comparison.
The strong performance of the ATX is also supported by the high weighting of bank stocks. Banks benefit from a normalized interest rate level and a steeper yield curve, which enables them to achieve higher margins in deposit and lending business. The shares of BAWAG, Erste Group and RBI in particular recorded price gains of between 43 and 79 percent this year.
Another driver of success is the strong orientation of the Vienna stock market towards Eastern Europe. The growth prospects there create a favorable environment for Austrian companies. In addition, there are always vague hopes that the war in Ukraine will end, which also provides positive impulses for the market. The construction companies Strabag and Porr also benefit from the economic stimulus packages from their northern neighbor Germany.
Order an Amazon credit card without an annual fee with a credit limit of 2,000 euros!
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “ATX record high: Vienna Stock Exchange on the rise”.