Erste Asset Management

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Labour day: High unemployment challenges economic policy-makers
Labour day: High unemployment challenges economic policy-makers
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Labour day: High unemployment challenges economic policy-makers

It is now that we are becoming acutely aware of how important work is for us, with the job market data taking to centre stage on this year’s Labour Day. The number of people who are out of a job because of the pandemic has increased drastically. Numerous measures, such as reduced working hours in Austria, have been taken in an effort to contain the situation. We expect a positive trend reversal later in the year.

Stock market rally– Update from the Investment Division
Stock market rally– Update from the Investment Division
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Stock market rally– Update from the Investment Division

What has occurred since yesterday ? Markets Stock markets continued to rally yesterday. Europe was up slightly by 0.65%. USA clearly in positive territory at approx. 3%. Asia is slightly in negative territory as of this morning. The oil price fell back down to USD 20.30 (WTI). Gold remained strong at USD 1720 per ounce. […]