Erste Asset Management - Blog

Artikel zu Schlagwort: Stocks
Paul Severin am 06th February 2018

Inflation worries weighing on stock exchanges

(c) iStock
Peter Szopo, Erste Asset Management

In the past two days, the stock exchanges, spearheaded by the New York Stock Exchange, have shed the entire previous gains of 2018. Even last week, inflation worries had started to weigh on the markets. But the recent reaction was extraordinarily strong, with experts likening it to the excellent employment report in the US.


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Paul Severin am 14th April 2017

Diversification – why you should not put all your eggs into one basket for Easter!

(c) iStock

“Don’t put all your eggs into one basket” – who has not heard this old stock market adage. With Easter approaching, we are having a closer look at the background of this saying.

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Gast-AutorIn / Guest Author am 12th April 2017

What the Turkish referendum means for the capital markets

(c) Fotolia

Amalia RipflAuthor: Amalia Ripfl
Senior Fund Manager

A “Yes” to Erdogan’s planned constitutional amendment in Turkey would constitute a double-edged sword for investors: the planned presidential system could mean a short-term relief for the markets and for the economy. However, in the long run, this scenario harbours big risks. That being said, a “No” would not help investors either.

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Peter Szopo am 20th January 2017

Equity investors: Are they ignoring risks?


The year 2016 was full of surprises. It was, for example, the year, when an outsider overcame odds of 5000 to 1 to win the Premier League. It was also the year, when the lyrics of three-minute pop songs were acknowledged to be an art form worth the Literature Nobel. Most importantly, however, politics in the Western hemisphere surprised big time with the vote for Brexit and the election of Donald Trump as the next US president.

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Gerhard Winzer am 31st October 2016

Clinton versus Trump


The rising relevance of the anti-establishment movement across many parts of the world has instilled a particular sense of urgency and importance into the upcoming presidential elections in the USA on 8 November.

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Harald Egger am 09th February 2016

Current earnings development advises caution


The international stock exchanges recorded a rather dismal start into the new year. The reasons cited most frequently were China and the declining oil price. A weaker Chinese economy will definitely register also on an international scale due to the mere size of the country. While a weaker oil price is beneficial to consumers, it does cause significant levels of stress in the energy sector as well as among banks that provide credit to the sector.

A factor that has hitherto been more or less disregarded is the general earnings situation of listed companies. Therefore we want to take a closer look at this topic in this article. Without earnings growth, there can be no sustainable rise in share prices.

Earnings cycle has peaked out

In the developed markets equity universe the earnings cycle peaked out in February 2015. Since then, earnings have been on a slow but steady decline.

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Peter Szopo am 24th June 2015

Measuring Greek risk


The longest eleventh hour in recent history is drawing to a close. However, while the negotiations earlier this week seem to have narrowed the gap between Greece and its creditors, a final deal has not emerged yet.

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