BNP Paribas has raised his recommendation on L’Oreal prorpio from Neutral to Outperform, following the excellent first half results. Brezzo the target set by the French bank is 90 euros a share. At this time, L’Oreal is trading at 74.75 euros (+5.95%), best title of the DJ Stoxx50.
days of heavy declines on European stock exchanges, which have increased losses in the afternoon in the wake of Wall Street. Paris finished with a decline of 4.47%, London has fallen by 3.64%, Amsterdam lost 3.89%, Madrid left the 3.14% and 3.57% of Zurich has retraced. Frankfurt, in evening trading, is losing 4.73%.
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%.
First day of trading in positive terrain for the securities industry self in the old continent, following the European Commission’s decision to liberalize the automotive market at Community level. The most fundamental reform will be to create multi-brand car dealerships with the aim to decouple the retailers by manufacturers to obtain lower purchase prices. Meanwhile the Frankfurt Stock Exchange under the BMW surf the positive terrain with an increase of 0.76%, well even DaimlerChrysler (+1.78%) and Volkswagen, which marks +0.47%. Purchase orders for securities listed on the Paris stock exchange with Peugeot (+0.45%) and Renault, which marks +0.62%.
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It ‘was a black day for the giant Vivendi Universal, one of those who enter the annals of scholarship. The title at the end of trading, and several suspensions for excessive decline, has lost 26.78% to 17.50 euros. Of great importance also the volumes of trade, of the hand are in fact passed 53 million pieces. One operator has reported that during the day were placed in the circuit computerized sell orders for a minimum of 50 thousand at a time. The day started badly with the news that its chairman, Jean Marie Messier, has decided to resign because now discouraged by the Board. Not only that Moody’s has decided to revise downward the assessment of long-term debt, calling garbage. But the worst came in the early afternoon, when the press trans questioned the correctness of the accounts of Vivendi. All these reports together have literally collapse tiotolo and the market has created a panic selling genaralizzato. Damage there are also around Europe, especially on the French banking stocks on suspicion of their financial exposure.
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brilliant start for the main European markets that take advantage of the positive closing quickly on Wall Street. Gears which marks the fourth Frankfurt suffered a rise of 1, 28%. Take good even the CAC (+0.87%), while London is more cautious and marks a step forward content of 0.32% more than the other two squares.