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Mostboeck: "ATX Valuations Remain Attractive - Catch-Up Potential until Year-End"
The majority of companies in the ATX had to report significant earnings revisions in 2014. In addition, geopolitical risks in the context of the Russia/Ukraine conflict exerted a negative effect. “The significantly improved environment and the digestion of last year's one-off effects are creating notable catch-up potential for the ATX”, notes Fritz Mostböck, Head of Group Research at Erste Group.
Mostboeck: “ECB asset purchase program continues to impart momentum to stocks” / Picture: © Erste Group Bank AG
Catch-up potential for Vienna Stock Exchange
The majority of companies in the ATX had to report significant earnings revisions in 2014. In addition, geopolitical risks in the context of the Russia/Ukraine conflict exerted a negative effect.
There were fundamental reasons for Vienna's disappointing performance last year.
The ECB's asset purchase program…
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