The Vienna Stock Exchange ended trading on Friday with taxation. The leading local ATX index posted losses for the seventh consecutive day with minus 1.14 percent at 3,056.30 units. And on a weekly basis, it’s down about four percent. ATX Prime fell 1.05 percent to 1,552.10 units.
The weekend was marked by disappointing economic data from the Eurozone. In a monthly survey, the Eurozone PMI was lower than expected in June, but remained just above the 50-point growth threshold. Wall Street’s weak opening in the afternoon was also a negative factor.
“So far, most economists have assumed that the eurozone economy will continue to recover in the second half of the year. According to today’s data, many are likely to rethink,” Commerzbank experts write about purchasing managers. The index is from the Eurozone. “Today’s data should have panicked many members of the ECB’s Governing Council.”
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