UniCredit is Optimistic For ATX

Businessn.a. ♦ Published: October 11, 2011; 10:41 ♦ (Vindobona)

Despite several uncertainties, UniCredit sees the potential of a positive long-term development for the Austrian main index ATX. The new ATX target is 2700 points for the next 12 months.

UniCredit is Optimistic For ATX / Picture: © Vindobona.org

The Austrian equity market came under heavy selling pressure in the third quarter and has already lost 31 percentage points since the beginning of the year. In comparison to the most important European stock indices, this is the second worst result right behind the Greek equity market. The escalation of the debt crisis in the Eurozone and an increasingly cautious outlook for global…