Worsening trends in European stocks in the late morning, because of the sales are concentrated in particular on telephone and insurance. At this time, the Dax in Frankfurt yields 2.48% at 3620.75 points, the Paris CAC40 backs of 2% to 3299.34 points, while London slides, 1, 63% to 4158.30 points. Zurich was also lower (-2.18%), Amsterdam (-1.48%) and Madrid (-1.35%).
“I think the technical rebound led the lists in August, has spent the last two sessions after the negative,” says Patrizio Pazzaglia, chief investment officer of Bank Insinger de Beaufort, opposite to the market the last sessions. “People who bet on a sustained movement begins to think again and operators wonder about what are the titles ‘parachute’ on which point in the next few days. I think that energy, Eni and Saipem in the head, could make good after sales last setimana. The two companies have excellent visibility of earnings and in moments of uncertainty, the market has always rewarded. The only pitfalls for Eni could come from the euro / dollar exchange: the weakening of the greenback, however, is counterbalanced by the high price of oil. An area from which exit could be insurance, after the bad data from Munich Re and Swiss Re are likely rate switch portfolio by insurers and energy to the media, “concludes Pazzaglia.
Tags: Bank, companies, Dollar, euro, exchange, invest, investment, market, Oil, Swiss, Won
The New Market does not avoid the negative end of the Milan Stock Exchange and the Numtel falls on minimum downward by 0.6%. To be affected and: Biscom, BB Biotech, I. Net, Engineering, ePlanet (always suspended downward), while Tiscali and especially Finmatica are rising.
Sitting on the Milan Stock sluggish but also for other European stocks as investors are waiting to know how to move Wall Street and the meantime take profits after yesterday’s increases. The index thus travels in a draw despite the interesting ideas of Fiat and Bulgari. Positive even Eni, Enel and Generali. Sales hit, however, STM, Tim, Olivetti and IntesaBci. It also deflates the new market with the index of technology stocks that Italians are in decline by 0.5%.
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Sitting in the red for the title of the German automobile giant Volkswagen, the number one industry in Europe, which currently leaves on the ground 1, 20%, passing from hand to 49.20 euros. Market players indicate as responsible for the decline, the entry point on the German group would launch a new bond issue.
New company to inference, which was Idvision, active in the design and production of special events and projects of audiovisual communication, the group of the New Market will hold 40%. At the helm Massimiliano Ghelli and Diego De Donà, which cover the charges, respectively, president and CEO.
Seat really difficult than the title of France’s Thomson Multimedia, which right now leaves at ground level from 6.87%, passing from hand to 23.85 euros. Definitely a performance counter than to the European market, which go much higher. Weigh a decision to DigitaTv to divest its stake in the market by 3% in the capital.
Tags: euro, euros, exchange, Franc, France, Lev, market, Real, stock
The capital increase for Alitalia has not convinced the market, which has absorbed only 17%. And now will be the banks which had organized the operation, namely Sanpaolo-Imi, Merrill Lynch and CSFB to acquire 20% of unsold for 286 million euros. In autumn, the exchange with Air France.
Tags: Bank, banks, euro, euros, exchange, Franc, France, market
The production of the euro zone in June rose by 0.5% per month, while the whole EU market fell by 0.4%. This was announced Eurostat, stating that on an annual basis the production in June is decreased both in the eurozone, 1, 2%, both across the EU of 2.2%. The data are in line with the expectations of economists.
The Dax 30 is preparing to close the eighth in a bag with a slight decrease of 0.6%. The week was characterized by a negative profit warning Allianz. The biggest insurance company has, in fact, revised downward its target of annual growth, by linking your ad to poor market conditions and the downturn reported by its subsidiary Dresdner Bank. Allianz is reporting the title in the five trading days, a loss of 9.25%. In the wake of this news are finished in red, other players in the insurance sector, among which are Marshollek who is accusing a crash by 41%. Even the bad bank, as shown by misstep weekly Commerzbank (-10%). Pink jersey, however, that for Lufthansa has received an encouraging quarter full of that permitted the title of the largest German airline of marking an increase for an eighth of 13.3%. Good performance for the sector of the four wheels: Volkswagen, despite the profit warning, is gaining 12%, as well as BMW that is advancing by 6%.