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Austrian Currency Markets Headlines

Grexit: Maximum Loss for Austria EUR 9.3 Billion, According to FAZ

The maximum loss in case of Greece's default amounts to EUR 317 billion - this is the total value of the Greek state's debts. According to "Frankfurter Allgemeine Zeitung", which relied on data from UBS, Ifo and Eurostat, Germany would have to bear most of the burden, i.e. EUR 87.6 billion. According to the newspaper, Austria could lose up to EUR 9.3 billion (USD 10.328 billion).


VSE's Operating Income Up 17% in 2014, CEESEG also Slightly Up

The Vienna Stock Exchange (VSE) and the CEE Stock Exchange Group report solid FY 2014 results. Vienna Stock Exchange's operating income is up 17% in 2014, mainly driven by the steadily increasing trading volume. Also, new members have been elected to the supervisory board.

June 23, 2015

Nowotny Hopes for Decision on Greece Soon

Austria's central bank governor and the ECB governing council member Ewald Nowotny hopes that the eurozone decision makers reach a decision regarding Greece, he said on the sidelines of a lecture given by ex-ECB head Jean Claude Trichet on Monday in Vienna.

June 22, 2015

Austrian Industry Still Slowly Growing

The situation in Austrian industry keeps improving. However, the pace is rather modest. In May the sector expanded production more than in the preceding month, even though there was sllight contraction in orders.

May 28, 2015

Wifo - Depreciation of Euro Partially Compensates for Trade Slump

The development of global trade was weak at the beginning of the year. However, depreciation of the Euro partially compensated for the negative effects on Austrian exports, according to Wifo. Exports maintained the moderate dynamics from the end of 2014. Sinking import prices caused by lower oil prices stimulated imports.

May 11, 2015

Purchasing Managers' Index: Austrian Industry Shows First Signs of Recovery

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. At the end of the first quarter in 2015 subtle signs of a pick-up in Austrian economic activity were detected for the first time in about six months.

May 5, 2015

Bank Austria: Market Downswing of Austrian Industry Stopped

The downswing in the industrial sector in Austria has been stopped. Companies get more orders both in Austria and abroad, leading to higher output figures. Still, companies continue downsizing, economists of Bank Austria report.

April 29, 2015

Austrian Investment Funds Increased Positive Performance in March

In March most Austrian investment funds recorded positive performance. Out of 1,573 funds with a history of at least a year, 1,486 recorded positive oneyear performance. Only 83 funds recorded negative performance, according to the Association of Austrian Investment Companies (VÖIG). Four funds broke even.

April 9, 2015

Vienna Stock Exchange: ATX Upswing Drives Up Equity Trading in Q1

The Vienna Stock Exchange has seen the strongest monthly equity turnover since August 2011. The average monthly trading volume to date in 2015 is EUR 5.04 billion which represents a gain of 26.61% over the average monthly trading volume of the year 2014 (EUR 3.98 billion).

April 2, 2015

ECB Unleashes Quantitative Easing - How does it work?

Today, the ECB finally commenced on a large scale sovereign bond-buying programme. The €60bn monthly asset purchases include covered bonds and asset backed securities. Due to the flood of cheap money, the DAX was boosted. The index increased by up to one per cent to a record high of 10,399.67 points. Quantitative easing is a monetary policy where a central bank creates new money electronically to buy financial assets. The aim is to stimulate an economy when standard monetary policy has become ineffective. How does it work?

January 22, 2015