- Today, 08:09 PM
The US Federal Reserve is fighting inflation with the sharpest interest rate hike in decades. The key monetary policy rate rose by half a point to the new range of 0.75 to 1.00 percent, the Fed announced on Wednesday. It initiated the turnaround in interest rates in March and only increased the level by a quarter of a point.
- Today, 06:14 PM
The stock exchanges in Europe ended trading with losses on Wednesday before the evening interest rate decision in the USA. The Euro Stoxx 50 closed down 0.96 percent at 3,724.99 points. Meanwhile, the DAX fell by 0.49 percent to 13,970.82 units. The British FTSE-100 fell 0.90 percent to 7,493.45 points. The domestic leading index ATX fell by 1.06 percent to 3,256.74 units.
- Today, 06:12 PM
The troubled real estate investor Adler Group is now also to be an issue in the finance committee of the German Bundestag. The company, whose 2021 annual financial statements had not recently received an audit opinion from the auditors KPMG, is to be discussed at next Wednesday’s meeting, according to the agenda for the meeting available to Reuters on Wednesday. Information from the Ministry of Finance is expected.
- Today, 04:56 PM
Crude oil prices continued to show significant gains on Wednesday afternoon. A barrel (159 liters) of North Sea Brent rose shortly after 4:30 p.m. by 3.4 percent to $108.49. The US variety West Texas Intermediate (WTI) recently cost $106.14, 3.5 percent more than the day before.
- Today, 04:40 PM
Parent company Just Eat Takeaway exchanges leadership. Criticism of employee ski trips despite billions in losses.
- Today, 04:03 PM
On the day of the next interest rate hike in the USA, Wednesday, Wall Street initially failed to establish a uniform direction. Investors are eagerly awaiting the monetary policy decisions and accompanying statements from the US Federal Reserve. The Dow Jones Industrial was up 0.32 percent at 33,234.16 just before 4 p.m. The S&P 500 rose less than 0.10 percent to 4,179.80 points. The Nasdaq Composite, on the other hand, lost 0.23 percent to 12,534.66 points.
- Today, 02:55 PM
The experts at Erste Group have increased their price target for Strabag shares from EUR 43.6 to EUR 46.2 and confirmed the “buy” investment recommendation. The title of the construction group increased 0.5 percent to 37.1 euros.
OMV share certificates improved by 0.6 percent to EUR 50.54. Here, the Berenberg Bank revised the price target upwards from 52 to 57 euros. The “buy” recommendation was also reiterated.
- Today, 01:09 PM
The RBI share fell by a significant 3.9 percent in the course of trading. RBI started the new year with a clear increase in profits. Net income through March was €442 million, up from €317 million in the fourth quarter of 2021 and double the €216 million in early 2021. The Erste Group writes of an earnings report that is well above market expectations. However, the earnings outlook has been revised downwards due to higher risk costs in Eastern Europe.
- Today, 12:56 PM
The Vienna Stock Exchange showed a downward trend on Wednesday afternoon. The ATX lost 0.82 percent to 3,264.50 units by 12 noon. A restrained mood on the leading European stock exchanges is also weighing on the domestic stock market. In the run-up to the announcement of the US key interest rate decision in the evening, investors are acting cautiously.
On the financial markets, it is expected that the Fed will continue the turnaround in interest rates it started in March with a large hike of 0.5 percentage points. It would be the sharpest monetary tightening in more than two decades.
- Today, 08:42 AM
The Upper Austrian aircraft parts manufacturer FACC benefited from a recovery in the aviation industry in the first quarter of 2022. Sales climbed to EUR 127.5 million, which corresponds to an increase of 7.9 percent compared to the same quarter of the previous year. The EBIT (operating result) was EUR 3.0 million in the same period. For the year as a whole, sales are expected to increase by ten percent, and the aviation supplier wants to more than triple its EBIT compared to 2021.
The company explained the positive development this year in a press release on Wednesday with a good order situation for short and medium-haul aircraft.
- Today, 08:10 AM
In the first quarter of 2022, the Lenzing textile group increased sales from EUR 489.3 million to EUR 615 million, the profit for the period increased from EUR 29.9 million to EUR 34.1 million, and the operating result before depreciation (EBITDA) was 94 in a year-on-year comparison .5 to 88 million euros. Lenzing speaks of a solid sales and earnings development with an extremely tense cost situation.
- 05/03/2022, 06:51 PM
The Steyr tractor parent CNH Industrial closed the first quarter of 2022 with clear growth. Sales rose by 13.4 percent to USD 4.6 billion (EUR 4.37 billion) compared to the same period in 2021. Operating income (EBIT Adjusted) was $429 million, up $36 million compared to the first quarter of 2021. Net income was $336 million, down $27 million from the same period in 2021.
- 05/03/2022, 06:35 PM
London stock indices were mixed on Tuesday. The leading British index FTSE-100 turned positive shortly before the end and ended the trading day almost 0.22 percent higher at 7,561.33 points. The broader market FTSE-250, on the other hand, fell by a significant 0.91 percent to 20,520.76 points. Investors are likely to have exercised restraint ahead of the Fed’s interest rate meeting on Wednesday.
Some economic data surprised positively on Tuesday. US industrial orders rose more than expected in March. Unemployment in the euro zone fell to a record low in March. Producer prices in the currency union, on the other hand, have risen sharply.
- 05/03/2022, 06:35 PM
Most of the major markets in Central and Eastern Europe closed tighter on Tuesday. The premiums on the stock exchanges in Budapest and Moscow were particularly clear. The Polish stock market, on the other hand, recorded a clear minus. Investors in Eastern Europe are also now focusing heavily on the US Federal Reserve’s interest rate decision due on Wednesday, which is worrying investors because of the high inflationary tendencies.
In Prague, the leading Czech index PX ended trading up 0.96 percent at 1,329.51 points. Most of the bank stocks, which were rather weak yesterday, recovered on Tuesday. Erste Group shares closed 2.6 percent higher and Komercni Banka gained 1.7 percent. However, the Moneta Money Bank stocks were again down 0.9 percent.
- 05/03/2022, 06:24 PM
Thanks to friendly US stock exchanges, the DAX made up for part of its losses at the start of the week and closed above the 14,000 point mark. The leading German index ended trading on Tuesday up 0.72 percent at 14,039.47 points. The MDAX of medium-sized stocks rose by 1.39 percent to 29,932.77 points. Gains were also posted across Europe.
- 05/03/2022, 05:57 PM
KTM boss Stefan Pierer is to become the next president of the Federation of Austrian Industries (IV) Upper Austria. This is the proposal presented at the board meeting on Tuesday. As before, the company bosses Elisabeth Engelbrechtsmüller-Strauß (Fronius), F. Peter Mitterbauer (Miba) and Herbert Eibensteiner (voestalpine) as well as Thomas Bründl (Starlim injection molding) are listed as Vice Presidents.
As part of the general assembly, the board and the presidency of IV Upper Austria will be re-elected, according to a press release on Tuesday. Pierer, whose Pierer Industrie AG includes Pierer Mobility with KTM, Husqvarna and GasGas, has been Vice President of IV OÖ since 2016. The nine-year term of office of the incumbent President Axel Greiner, Chairman of the Family Board of Directors of the Greiner Group, ends as planned on June 13th.
- 05/03/2022, 05:49 PM
The Vienna Stock Exchange closed today, Tuesday, with a very firm trend. The leading domestic index ATX rose by 55.24 points or 1.71 percent to 3,291.52 points compared to the end of Monday (3,236.28). The ATX Prime closed up 1.51 percent or 24.56 points at 1,654.64 units.
The European environment was also in the green. Market observers spoke of a recovery after the weak start to the week. However, some investors held back in the run-up to the US Federal Reserve decision due on Wednesday.
- 05/03/2022, 05:48 PM
The CEOs of the companies listed in the leading German stock exchange index DAX drew an average salary of 8.3 million euros in the past financial year. A direct comparison of salaries was made more difficult by new European transparency rules and the expansion of the DAX to 40 companies, as the management consultancy HKP reported on Tuesday.
- 05/03/2022, 05:22 PM
After the difficulties with its controversial Alzheimer’s drug, the US biotechnology company Biogen is taking personal action and wants to replace its boss. The company announced on Tuesday that it had started looking for a successor for Biogen boss Michel Vounatsos. The US drug agency approved Biogen’s Alzheimer’s drug Aduhelm last summer, despite its controversial effectiveness.
However, the US state health insurance system then severely restricted coverage for the immense costs of the drug. In Europe, the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency EMA had spoken out against approval. The outgoing Biogen boss Vounatsos expressed his disappointment with the decision of the US health insurance company, according to the company announcement. The manager, who has been in charge of Biogen since 2017, is now to remain in office until a successor is appointed. According to the information, his position on the company’s board of directors will remain until then.
- 05/03/2022, 03:56 PM
The US stock exchanges started Tuesday trading with a weak trend. A much-attended meeting of the US Federal Reserve starts today, from which the market is expecting a rate hike of 0.5 percentage points. However, the decision will not be announced until Wednesday, so investors should not expose themselves too much on Tuesday. At 3:45 p.m., the Dow Jones was down 0.23 percent at 32,985.62 points. The broader S&P 500 fell 0.19 percent to 4,147.59 points. The tech-heavy Nasdaq Composite was down 0.51 percent to 12,472.67 units.