Posted by admin on September 24, 2009 under finance | 
According to the Area Research & Intelligence Bmps the housing market and mortgage glimpse signs of recovery that lead to look at the next two years with a cautious optimism.
Just in between late 2008 and early 2009 the sector showed the greatest and indisputable signs of their illness: Sales Down 20%, prices declining by 3.5%, times the average sales than 6 months, the average price gap between required and the final selling close to 15% decline in the mortgage of 20%, the mortgage rate of 40% of the income of Italian families. He reads a note from the bank of Siena. Grim, but certainly better than those seen in other European countries, the result of greater balance with which the Italian market has moved in the early stages of expansion cycle, and that today requires acts of “deleveraging” less intense.
Accomplices the progressive reduction in the level of interest rates (which has fostered the demand) and by supportive measures undertaken by the government, in the second quarter of 2009 seems at least stop the bleeding: returns greater interest of private individuals in the “brick “improves the trend rate of decrease of both the disbursements of loans it into trading. In view of the above the “budget” of the sector by the end of the year, though not, it would be somewhat better than bending levels seen in late 2008 and early 2009.
In the study drawn from the Research & Intelligence Bmps it contains a brief overview of the situation in the housing market and mortgage in 2008 and early 2009, focusing on the latest trends and prospects expected by year-end. Among the main findings are reports such as home loans for purchases of homes are being restored as the form of business with the best performance among the forms of employment such as banking and, consequently, their relative weight on the bank’s portfolio is growing again ( from 15.4% in April 2009 to 15.7% in July 2009).
From a first quarter 2009 in which he had seen a decline year over year by about 23% of disbursements, it was passed in June 2009, with the trend towards a decrease of 15%. Among the findings from the 2008 data, it also indicates the increase of their payments to fixed rate (from 53% of the total in 2007 to 67% of the total in 2008) and the growth of the operations of “substitution” (13% of the total in 2008, 4% in 2007).
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In suffering on Wall Street on the technology sector, which marks a loss of over half a percentage point. Among the titles that are worst performance record stands out Electronic Art that yields more than 3%, in the wake of news of interest not the acquisition by Microsoft. Does better AMD is a loss of almost 7%. Intel flexes too bad that more than one percentage point. Falling by more than half a point Apple.
A positive momentum of the tech sector has received the title Red Hat Inc, which, on the NYSE, exchanges at $ 28.19 per share, up by over 13%. The group benefits from good quarterly results and the upgrade of Bank of America-Merrill Lynch which has improved its assessment to “buy”.
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Revenue increased 3% to 3.2 billion euros for the group Danieli year to 30 June 2009, with consolidated net income slightly decreased by 7% to 135.1 million. These were the key approved today by the board of the company.
The outlook for the Danieli Group on the steel market deemed most likely in Europe / USA is a slow recovery in 2010 with the first few months like in October / November 2008 before improving gradually and bring to an end in 2010 – 15 / 20% compared to 2008.
In essence, in late 2010 / early 2011 the consumption of steel in the world will return more or less as in 2008, but differ substantially between developed and developing countries.
As for the Danieli Group, the company expects a good performance for 2010 – although a decrease compared to 2009 – in making plant and still in pain for steel making. Following that, the positions should gradually reversed.
The Board of Directors, in addition to the approval of the budget, will propose to the shareholders meeting convened at the registered office on October 28, 2009 at 14.00 in first meeting (October 30, 2009 same time and place in second call): the distribution a dividend of Euro 0.225 per ordinary share and Euro; 0.2457 per savings share for a total of Euro 18.1 million against the ex dividend 31 – for both classes of shares – on November 9, 2009, payable on 12 November 2009.
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The ECB decided in agreement with other central banks including the Fed, to continue the operations of dollar liquidity in the period October 2009-January 2010.
The ECB will continue lending in Swiss francs to 1 week break from October 6 while the longer-term dollar (84 days), due to low demand and improved supply conditions of the funds. Will be reintroduced if necessary, the ECB said in the note.
Similar decisions were taken by the Bank of England and the Swiss National Bank.
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Session in negative territory for Electronic Arts which, on the Nasdaq, showed a decline of about three percentage points to $ 19.27 per share. A drag downwards under the news that Microsoft has no interest in acquiring the company that makes video games.
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Fractional increase in the license Abbott Laboratories that, on the NYSE, exchanges at $ 46.28 per share, better performance of the sector which shows a decrease of 0.74%.
According to rumors reported by The Wall Street Journal, Abbott is among those concerned to acquire Solvay’s pharmaceutical unit for a value of between 4 to 5 billion euros.
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ACSM-AGAM considered appropriate to clarify a statement it had already completed full payment of taxes due for the years covered by the tax recovery and therefore will not be called upon to make any further payment of taxes. This clarification was deemed desirable in reference to news that appeared yesterday on some national newspapers, where ACSM-AGAM is likened to other former municipal, now listed on the possibility of being called too large to make any further disbursements to heal the cd tax moratorium. It said in a statement.
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Virata in negative territory for the U.S. market in the wake of bad macro data on existing home sales in August, a decline of 2.7% to 5.1 million units, compared to 7.2% made in the month of July.
The Dow Jones shows a contraction of -0.65% at 9684.77 points, the S & P500, a decrease of ‘1.1% to 1049.19 points and the Nasdaq lost 1, 49% to € 2140.1.
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Significant innovations in the field of work. Confcommercio with Filcams-CGIL, CISL and Fisascat-Uiltucs-Uil signed the first national agreement only sull’apprendistato professionalizing the company.
“The signing of this agreement – says Francesco Rivolta, President of the Labor Committee of Confcommercio – represents a great opportunity to facilitate the use of apprenticeships and boosting the role. The agreement allows the possibility of using a specific tertiary vocational apprenticeships on throughout the country, tailored on the real needs of professional firms, investing in development, is confirmed as places designated for employees to form and grow. ”
“Furthermore – continued Revolt – streamlining the many organizational complexity and bureaucracy that have led companies to activate these contracts, to have to disentangle between the various laws, or worse, having to do without in the absence of a specific regional legislation, this agreement allows the relaunch of the apprenticeship contract, which contract the primary tool to reconcile the one hand the revival of business competitiveness, including through the use of the relief provided for this form of contract facilitated, and also improve the integration of young people in stable market work.
“If then we consider that our industry, as demonstrated by the recent report ISFOL, today is the first to use vocational apprenticeships, with 43% of the total recruitment of apprentices Italians, one can well understand the possible economic and social an agreement that allows you to develop the full potential of this form of contract.”
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Wall Street turns negative after U.S. data sales of existing homes, which in August decreased by surprise. Previously, the New York Stock Exchange was raised after the positive macro data on the U.S. labor market. The Dow Jones arrears of 0.23% and the Nasdaq down by 0.75%.
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