{"id":35806,"date":"2023-03-08T12:47:00","date_gmt":"2023-03-08T10:47:00","guid":{"rendered":"https:\/\/economic.karpat.in.ua\/?p=35806"},"modified":"2023-03-08T10:15:22","modified_gmt":"2023-03-08T08:15:22","slug":"lekoroztek-az-europai-nagyvallalatok-az-amerikai-rivalisaikat","status":"publish","type":"post","link":"https:\/\/economic.karpat.in.ua\/?p=35806&lang=hu","title":{"rendered":"Lek\u00f6r\u00f6zt\u00e9k az eur\u00f3pai nagyv\u00e1llalatok az amerikai riv\u00e1lisaikat"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"462\" src=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2023\/03\/guardian-foto.png\" alt=\"\" class=\"wp-image-35812\" srcset=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2023\/03\/guardian-foto.png 768w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2023\/03\/guardian-foto-300x180.png 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Nagyr\u00e9szt fel\u00fclteljes\u00edtett\u00e9k az elemz\u0151i v\u00e1rakoz\u00e1sokat a t\u0151zsd\u00e9n jegyzett eur\u00f3pai nagyv\u00e1llalatok, s\u0151t az amerikai szektort\u00e1rsakat is siker\u00fclt fel\u00fclm\u00falni.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A lassan a v\u00e9g\u00e9hez k\u00f6zel\u00edt\u0151 gyorsjelent\u00e9si szezont \u00e9rt\u00e9kelve a BlackRock alapkezel\u0151 elemz\u0151i keddi elemz\u00e9s\u00fckben kiemelt\u00e9k, hogy az eur\u00f3pai v\u00e1llalatok meglep\u0151en j\u00f3l teljes\u00edtettek az elm\u00falt f\u00e9l \u00e9vben, rendre megvert\u00e9k az elemz\u0151i v\u00e1rakoz\u00e1sokat, \u00e9s lek\u00f6r\u00f6zt\u00e9k az amerikai szektort\u00e1rsakat is.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A bankok \u00e9s az energiaipar a negyedik negyed\u00e9vben kimagasl\u00f3an j\u00f3l teljes\u00edtettek, a Stoxx Europe 600 index az elm\u00falt 12 h\u00f3napban m\u00e9g az energiaszektor v\u00e1llalatai n\u00e9lk\u00fcl is csaknem 8 sz\u00e1zal\u00e9kkal emelkedett.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az eur\u00f3pai v\u00e1llalatok mintegy 60 sz\u00e1zal\u00e9ka fel\u00fclm\u00falta a negyedik negyed\u00e9vi bev\u00e9teli v\u00e1rakoz\u00e1sokat, m\u00edg a nyeres\u00e9gre vonatkoz\u00f3 progn\u00f3zisokat csak a fel\u00fck teljes\u00edtette t\u00fal \u2013 der\u00fcl ki az MSCI febru\u00e1r v\u00e9gi \u00f6ssze\u00e1ll\u00edtott adataib\u00f3l.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201eAz eur\u00f3pai v\u00e1llalatok meglept\u00e9k az elemz\u0151ket a k\u00f6zelm\u00faltban el\u00e9rt eredm\u00e9nyeikkel. A region\u00e1lis r\u00e9szv\u00e9nypiacok id\u00e9n eddig j\u00f3l teljes\u00edtettek, de tov\u00e1bbra is olcs\u00f3bbak, mint kor\u00e1bban voltak, valamint az amerikaiakhoz k\u00e9pest is&#8221; \u2013 mondta Helen Jewell, a BlackRock Fundamental Equities EMEA befektet\u00e9si vez\u00e9rigazgat\u00f3-helyettese a CNBC-nek.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az eur\u00f3\u00f6vezeti r\u00e9szv\u00e9nyek szeptember v\u00e9ge \u00f3ta helyi valut\u00e1ban sz\u00e1molva mintegy 14 sz\u00e1zal\u00e9kkal teljes\u00edtettek jobban, mint amerikai t\u00e1rsaik.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ez r\u00e9szben annak k\u00f6sz\u00f6nhet\u0151, hogy a gazdas\u00e1g az ukrajnai h\u00e1bor\u00fa elh\u00faz\u00f3d\u00e1sa ellen\u00e9re is ellen\u00e1llt az energiav\u00e1ls\u00e1gnak. R\u00e1ad\u00e1sul az exportorient\u00e1lt \u00e1gazatok profit\u00e1lhatnak K\u00edna \u00fajraindul\u00e1s\u00e1b\u00f3l.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A BlackRock k\u00f6z\u00e9pt\u00e1von azt v\u00e1rja, hogy az eur\u00f3pai olajipari nagyv\u00e1llalatok tov\u00e1bbra is hatalmas p\u00e9nzforgalmat gener\u00e1lnak. \u201eEzek a c\u00e9gek az amerikai t\u00e1rsaikhoz k\u00e9pest alacsonyabb \u00e1ron forognak a t\u0151zsd\u00e9n, \u00e9s tov\u00e1bbra is jelent\u0151s beruh\u00e1z\u00e1sokat eszk\u00f6z\u00f6lnek a meg\u00fajul\u00f3 energiaforr\u00e1sokba\u201d \u2013 magyar\u00e1zta Jewell, aki szerint az eur\u00f3pai bankok lend\u00fclete is folytat\u00f3dik.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az Euro Stoxx Banks index az \u00e9v elej\u00e9t\u0151l keddig tart\u00f3 id\u0151szakban t\u00f6bb mint 23 sz\u00e1zal\u00e9kkal emelkedett, de Jewell megjegyezte, hogy<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">az \u00e1rfolyam-nyeres\u00e9g ar\u00e1ny tov\u00e1bbra is a szektor hossz\u00fa t\u00e1v\u00fa \u00e1tlaga alatt maradt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az \u00e1rfolyam-nyeres\u00e9g ar\u00e1ny egy olyan mutat\u00f3, amellyel meghat\u00e1rozhat\u00f3, hogy egy v\u00e1llalat t\u00fal- vagy alul\u00e9rt\u00e9kelt. Ehhez a r\u00e9szv\u00e9nyek aktu\u00e1lis \u00e1rfolyam\u00e1t az egy r\u00e9szv\u00e9nyre jut\u00f3 nyeres\u00e9ghez viszony\u00edtj\u00e1k.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00dagy t\u0171nik, hogy ezeknek a c\u00e9geknek is sz\u00e1molniuk kell azzal, hogy a munkaer\u0151piac sz\u0171k\u00f6ss\u00e9ge tov\u00e1bbra is fennmarad.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A m\u00e1rcius elejei adatok meger\u0151s\u00edtett\u00e9k, hogy az eur\u00f3\u00f6vezetben a munkan\u00e9lk\u00fclis\u00e9g rekordalacsony szint k\u00f6zel\u00e9ben van.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az EKB-nak kem\u00e9ny kompromisszummal kell szemben\u00e9znie a munkan\u00e9lk\u00fclis\u00e9g n\u00f6vel\u00e9se vagy a tart\u00f3s infl\u00e1ci\u00f3val val\u00f3 egy\u00fctt\u00e9l\u00e9s k\u00f6z\u00f6tt. A BlackRock arra sz\u00e1m\u00edt, hogy az EKB az \u00e9v k\u00f6zep\u00e9ig emeli a kamatokat, \u00e9s 2024 m\u00e1sodik fel\u00e9ig szinten tartja azokat.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A jelek szerint c\u00e9gek a b\u00e9remel\u00e9sek k\u00f6lts\u00e9g\u00e9t a lassul\u00f3 gazdas\u00e1gi n\u00f6veked\u00e9s miatt kev\u00e9sb\u00e9 tudt\u00e1k \u00e1th\u00e1r\u00edtani a fogyaszt\u00f3kra. A BlackRock szak\u00e9rt\u0151je felh\u00edvta a figyelmet arra, hogy a magasabb b\u00e9rk\u00f6lts\u00e9geknek jobban kitett v\u00e1llalatoknak 2023-ban is neh\u00e9zs\u00e9geik lehetnek. A m\u00e1rcius elej\u00e9n publik\u00e1lt adatok tov\u00e1bbra is magas eur\u00f3\u00f6vezeti infl\u00e1ci\u00f3t mutattak.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Blackrock elemz\u0151i id\u00e9nre is optimist\u00e1k a bankszektorra n\u00e9zve, mivel az Eur\u00f3pai K\u00f6zponti Bank tov\u00e1bbra is elk\u00f6telezett az infl\u00e1ci\u00f3 megf\u00e9kez\u00e9s\u00e9re, ehhez magasabb kamatokra van sz\u00fcks\u00e9g, a magas kamatk\u00f6rnyezet pedig lehet\u0151v\u00e9 teszi, hogy t\u00f6bb bank magasabb osztal\u00e9kot juttasson vissza a r\u00e9szv\u00e9nyeseknek \u2013 mondta Jewell.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">European stocks have outperformed their U.S. peers so far this year. But we don\u2019t see that lasting. Sticky <a href=\"https:\/\/twitter.com\/hashtag\/inflation?src=hash&amp;ref_src=twsrc%5Etfw\">#inflation<\/a> could instead favor some fixed income assets like credit and short-term government bonds. <a href=\"https:\/\/t.co\/TnSR4dw06y\">https:\/\/t.co\/TnSR4dw06y<\/a> <a href=\"https:\/\/t.co\/hqCprDYPW8\">pic.twitter.com\/hqCprDYPW8<\/a><\/p>&mdash; BlackRock (@BlackRock) <a href=\"https:\/\/twitter.com\/BlackRock\/status\/1632839459430445066?ref_src=twsrc%5Etfw\">March 6, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.vg.hu\/nemzetkozi-gazdasag\/2023\/03\/lekoroztek-az-europai-nagyvallalatok-az-amerikai-rivalisaikat\" target=\"_blank\" rel=\"noreferrer noopener\">Forr\u00e1s<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nagyr\u00e9szt fel\u00fclteljes\u00edtett\u00e9k az elemz\u0151i v\u00e1rakoz\u00e1sokat a t\u0151zsd\u00e9n jegyzett eur\u00f3pai nagyv\u00e1llalatok, s\u0151t az amerikai szektort\u00e1rsakat is siker\u00fclt fel\u00fclm\u00falni.<\/p>\n","protected":false},"author":4,"featured_media":35812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,41,49,39],"tags":[5626],"class_list":["post-35806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-a-nap-hirei","category-cikkek","category-hirek","category-vilag","tag-gazdasagi-fellendules"],"_links":{"self":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/35806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35806"}],"version-history":[{"count":1,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/35806\/revisions"}],"predecessor-version":[{"id":35813,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/35806\/revisions\/35813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/media\/35812"}],"wp:attachment":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}