Business Square goes red
Milan Stock Exchange after a brief excursion into positive ground and falls back on his heels in red. The Mibtel index when it loses 0.50%, dragged down by IntesaBci, Bulgari, Mediolanum, Ras and Capitalia.
finance
Milan Stock Exchange after a brief excursion into positive ground and falls back on his heels in red. The Mibtel index when it loses 0.50%, dragged down by IntesaBci, Bulgari, Mediolanum, Ras and Capitalia.
The banking sector is one of the most penalized on European markets today, because of concerns about exposures to Vivendi. Among individual stocks, the worst are Bank of Ireland (-6.02%), SEB (-4.84%), Societe Generale (-4.61%), Allied Irish Bank (-4.55%), Credit Agricultural (-3.93%) and Barclays (-3.92%). In contrast Abbey National (+0.53%) and HSBC (+0.07%).
Session Initiation banner sales for the DAX 30, the flagship index of the Frankfurt Stock Exchange, which marks a decrease of 1, 73% at 4291 points. Leading the red marks and, as often happens the title Infineon this morning leaves at ground level from 3.95% to 14.83 euros. Compounding the posizizone Infineon has also issued a downgrade by analysts at Credit Suisse First Boston on the semiconductor industry. Sales are also killed by intensity on Deutsche Telekom (-1.79%) and Volkswagen, which lost the 1, 5%.
“The situation in the U.S. technology sector is very sensitive,” says Michele Cavagna, manager Gestielle, returning from a mission to work in the United States. “You will notice the almost total lack of business investment for all that is not closely related to essential needs. Those who invest in new technology demand a cost recovery at very short notice, in which it is often structurally impossible return of expenditure. ” All this leads to a lack of visibility for the coming months “which may further penalize the sector on the stock market” continues Cavagna. “It is possible movements of bounce, but will be short of breath. At current prices and with these perspectives is hard to find opportunities to buy on the basis of the basic budget “concluded the manager.
The round scored positive YTD by the sector of driving games of the old continent. Although many players speak of the right time to profit from these titles are still many to move money into the sector because of the difficulties of the technology. A positive trend, therefore, despite the core area not shine, with sales of new cars that are languishing. The Frankfurt Stock Exchange stands out once again the BMW earning 2.33%, passing from hand to 41.7 euros. The Bavarian carmaker remains one of their favorite titles from Lehman Brothers which emphasizes in its report excellent profit margins of its models. On the upside also exchange Daimlerchrysler (+0.75%), Volkswagen (+0.42%) and Porsche. The car manufacturer in Stuttgart shows a good shape, analysts also rely on the fact that the upcoming debut of the new Boxster and the Cayenne (sport utility veichle an innovative, first Porsche sports car is not) can improve even more the margins earnings. The title Porsche is one of 10 titles recommended by Lehman Brothers. Purchases kiss this morning, car titles in Paris. Peugeot marks an increase of 1, 36% at 45.48 euros and rival Renault earns 2.34%, passing from hand to 52.5 euros. For the home of losanche analyst sentiment is improving every day. Morgan Stanley talks about the rescue operation reference model, and the synergies that Renault have scored with the subsidiary Nissan.
E ‘EL.EN the laser to keep the light on (very dim for the truth) on the New Market. The title of Florentine society starts to close in fact a slight rise compared to a Numtel on which fell the most impenetrable fog (-5.5%). Tiscali has fallen by 7% to 6.17 euros. JP Morgan started coverage on the stock with a target at a height of four euros. For the rest of the performance of individual securities, except for Freedomland that remained close to the 11 euro pending developments on takeover bids, it shows nothing more than sales as well as less common.
Proceed towards equality securities group Eni. And ‘the galaxy to give impetus to the Milan Stock Exchange to catch up. Eni traveling on equality in flexion of 0.02% to 15.86 euros. Saipem has a loss to 0.22%, Italgas yield of 0.40% and, finally, Snam Rete Gas lost 0.51%.
The Milan stock exchange trying to resist the plus arduously achieved during the morning. Mibtel marks a rise of 0.4% and Numtel rose 1 67%. Among the titles that support the index guide: Well Tim (+1.2%), Telecom and Olivetti. Sitting also positive for ST Microelectronics gudagna that just over 2%. Instead remain in negative ground: Bulgari (-1.7%), Intesa and Unicredito.Giornata not for the title of Ontario (-5%) and the recent capital increase for both the nervousness surrounding the case Nesta.
Another day of passion enveloped the financial centers of Europe, again penalized by Wall Street still traveling downward. Paris has crashed on the ground, leaving the 2.63%. A peak France Telecom, which has lost 14.07% paying the abandonment by Deutsche Telekom and the difficult situation with MobilCom. For the telecom operator is the new historic low, since the stock is trading at 12.89 euros, a price never been so low. In the wake of France Télécom, Orange, whose title has sold 8, 65%. Flooded sales order also Vivendi Universal has lost a further 8.22%. Among other sconfittti of the day are reported Renault (-6.65%), Dexia (-4.7%) and Alcatel (-4.23%). Head down for the DAX, pending the second round of the evening, is leaving at ground level 2.56%. Again crisis Marschollek (-10.74%) but the day saw the debacle of Allianz (who lost the first license heavier Dax), which now yields 5.26%. Down all the technology sector with Infineon and SAP losing respectively 6.4% and 6.27%. In London, however, the Footsie has accused a decrease of 1, 55%. Alkla city has seen the collapse of Reuters ended the session with a landslide of 12.76% after announcing new cuts to staff.
E ‘the red marker to distinguish today’s sitting of the major financial centers of the continent. In Paris the Cac 40 marks a decline of 1, 77% at 5933 points, even bad in Frankfurt the Dax 30 (-1.91%) and London the FTSE 100, which marks -1.41% to 4635 points.