Archive for the ‘market’ tag
Final triumph for European shares
European markets conclude the week in the best possible way, scoring increases supported despite the close weekend. Paris shares ended at 3863.28 points (+4.49%), London to 4615.60 points (+3.23%), Madrid at 7078.40 points (+5.86%), Amsterdam 437.36 points (+4.15%), Zurich to 6024.20 points (+3.02%). Frankfurt, in evening trading, gains 4.53% at 4451.59 points.
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European stocks begin with plus sign ‘
Successful launch for European markets, on a day that could be subdued for the semi-holiday in the United States. Frankfurt currently earns 0.71%, Paris 1, 38%, the 0.70% City of London, Zurich 1, 08% and Madrid on 1, 27%.
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The euro gets his breath waiting for the ECB
Continuation of profit taking on the single currency euro zone. After last touched the highest octave, with the currency that has touched parity, the euro is passing from hand to 0.976 against the dollar. Remember that the ECB is meeting today but the market expects to nothing on the face of interest rates.
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Chelini: “Nationalization of France Telecom, from the 3rd World”
“The possible nationalization of France Telecom would be an unprecedented, comparable only to the financial legerdemain of the 3rd world countries in a way that violates all rules of free market competition” Simone explained Chelini respondió shareholder of Nextra Europe. Chelini goes on to explain that “the real problem is not buying back the entire capital of France Telecom by the French government (now the biggest shareholder), but the subsequent recapitalization of the company and required that appears collapsed with debts.” According Chelini is incredible that the French state can expect to solve the issue in this manner, considering the fact that the main responsibility for this situation is the chairman Michel Bon inisediato by the government itself. “The company has been unable to manage cash flow huge and ever-tougher competition, nationalization would be a convenient way to gain market share at the expense of free competition”, concluded Chelini.
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Milan Stock Exchange closed the eighth with a smile
European shares were soaring in the black. A sprint to the gas markets are also positive data came from the University of Michigan on consumer confidence. Piazza Affari thus gained 2.84%. Dominating trade through the operation Ferrari Fiat. The automaker has sold 34% of the “Red Maranello” to Mediobanca to 775.2 million euros. A task well received by the market. Budget positive for Eni, STM, Tim, Unicredito, Olivetti and Pirelli. Rolo Banca well even in his last days on the list. His place will be taken in Mib30 by AEM. Spotlights insurers, which are favored by the securities market experts, and asset management. Less positive opinions on banks, particularly IntesaBci and Banca di Roma, which could be involved in the WorldCom scandal. The pole instead of the list Midex who has been slowed by L’Espresso and Tod’s. Excellent seat for another title instead of luxury, Bulgari, which to a large dusting is back firmly on share EUR 6.
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Milan Stock Exchange soars
European shares opened sharply upward through the brilliant start of technology stocks but also finanziari.Piazza Affairs has thus opened gaining 1, 60% due to the great start of STM, Telecom, Tim and Sanpaolo -Imi. Leap forward for Fiat, which also benefited from the sale of 34% of Ferrari to Mediobanca to 775 million. Buying back the new market with e.Biscom rising by almost 5%.
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Vivendi Universal, JP Morgan upgrade to buy
Analysts at JP Morgan raised its recommendation on the purchase of Vivendi Universal, bringing it from Market Perform to Buy. The broker believes too much in particular the descent of the title in recent weeks, despite the bad news regarding the company average. At this moment, Vivendi exchanges in Paris to 21.59 euros (+8%).
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Mediobanca insensitive hypothesis Ferrari
Not too much seems to excite the market the possibility that the company purchases the Piazzetta Cuccia 35% of Ferrari. Mediobanca is preparing to close at 9.18 euros in fact, practically on the levels of yesterday. Volumes in the media. Indiscretion assumed pay approximately 870milioni euros, then an estimate of the total Maranello 2.5 billion.
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France Telecom against all
It ‘a difficult time for the French company France Telecom seems to have many opponents. Michel Bon, a number of telecom trans, this morning he wanted the houses of rapping on the debt rating yesterday after Moody’s cut its rating on the stock. According Bon fact analysts are looking with too much attention to the short term and give too little consideration to the prospects in the long. Operators of the bag seems to be opposed strongly to the management of M. Bon, asking aloud the launch of a capital increase so as to limit the power of action of speculators. Always Bon said this morning that the operation is not necessary. The title meanwhile continues its descent into the Paris stock market testing new lows. Today, the session is positive and the title, after an uncertain start, marks +3.5%.
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Merrill Lynch: possible consolidation of short
Analysts at Merrill Lynch, the rebound on Monday, albeit short, could be a first sign of a bottoming process in the short term (1-3 weeks). However, we must be cautious because the market’s reaction was almost obligatory given the oversold levels achieved at both weekly and daily. Merrill believes that the minimum of 2002 will hold in July, but the situation could precipitate in the third quarter.