The Vienna Stock Exchange saw the ATX index drop 0.71% to 3,774.20 points amid rising uncertainty over US trade policies and disappointing economic expectations from Germany. Raiffeisen shares fell 4.5% due to a court ruling requiring a significant provision, while other banking stocks showed mixed results. Telekom Austria's recommendation was upgraded despite a slight target price reduction, and DO&CO's shares remained stable with a confirmed "buy" rating.
The Vienna Stock Exchange saw the ATX drop 0.53% to 3,781.01 points amid a cautious environment, influenced by a significant decline in German economic expectations. Raiffeisen shares fell 3.5% following a Russian court ruling requiring a €2 billion provision, while Telekom Austria's stock dipped 0.5% despite an upgraded investment recommendation.
Vienna Stock Exchange Declines as Raiffeisen Shares Face Significant Pressure
The Vienna Stock Exchange opened lower on Tuesday, with the ATX down 0.41% to 3,785.79 points, amid a focus on U.S. President Trump's recent policy actions. Raiffeisen shares fell 4.6% due to a Russian court ruling requiring a significant provision, while Telekom Austria and DO&CO experienced slight declines and gains, respectively.
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