The jump in European tech is putting in a good mood even ST. The title of the Italian-French is in fact going up 3.51% of the testing fee 23.90 euro. ST is taking with it upward pressure Finmeccanica: +2.39% to 0.746 euros. To give a hand to STMicroelectronics is also the Nasdaq, which yesterday closed with a gain of more than 2%.
In a market in disarray reappears timidly in positive terrain Title Saipem. The listing of a subsidiary of Eni is marking +0.01% to 7.26 euros. Meanwhile, the company has signed a contract with Norway’s Statoil offshore drilling worth about $ 160 million.
Axa will focus more on internal growth rather than focus on new acquisitions. ” He said this morning Henri de Castries, chairman of French insurance group, who added that by the end of 2002, Axa will be able to reduce its debt of 700 million globally. Morgan Stanley, meanwhile, has downgraded the title insurance company bringing it to underweight from equalweight inline inline, indicating a price target to 15.9 euros. The rating comes from the downward analysts’ doubts about the decision by Axa wanted to give birth to a new capital increase, highlighted by Morgan Stanley, will reduce the ability of the group as they may lack the funding to implement it.
The banking sector started the day badly on the price lists of the Old Continent, after the bad end of Wall Street in the session yesterday. The titles that suffer most are ABN Amro (-4.20%), BBVA (-2.67%), Bsch (-2.61%), Credit Lyonnais (-2.50%) and BNP Paribas (-2, 33%). Deutsche Bank also bad (-2.02%) and Societe Generale (-1.90%).
Jonathan bitter for the main European markets that still left on the field much of their value. Paris is a fighter who stunned with the Cac 40 lost 4.26%. Black jersey for Dassault after the news of his exclusion from the main index has suffered a loss of trans 7.66%. A peak also Alcatel (-7.18%) which still weighs downgrade by Moody’s. Vivendi Universal, meanwhile, has yielded 6.77%. The media group is suffering for allegedly falsifying its balance sheets. I buy rain also on Pinault (-6.57%) and STMicroelectronics (-5.8%). Day of passion for the Dax, pending to address the evening session, reports a delay of 2.48%. Crolla Deutsche Post (-9.46%) after the deduction clash on prices imposed dall’authority German. Many sales even on the insurance: Allianz loses 5.05% to 2.94% and Munich Re. Survivor of the session: Deutsche Telekom is gaining 2.12%. Same gray on the other squares of the Old Continent: London has lost 2.42% and Madrid on 1, 83%), while sinking Amsterdam with the index has lost 4.55%.
Gray day for the telephone industry, which goes head-only Deutsche Telekom. The major German operator, on which persistent rumors of a change to the guard, after a brilliant closing of yesterday is being repeated today and make money right now 3.45% to 11.71 euros. Sonera, for its part, although the EU has the green light to the merger with Telia, a loss of 3.18% bringing the share price below the threshold of 4 euros. Orange also in trouble with the title falling by 1, 86% at 4.74 euros, while France Telecom holds the tooth loss and limiting the hours that is 14.22 euros. Finally, KPN still suffers a crisis of subsidiary KPNQwest and leaves on the ground for 1, 69% to 4.64 euros.
Journey to arm the two telephone giants of Europe, burdened by a heavy burden: debt. Deutsche Telekom, following the ups and downs of the morning, is scoring an increase of more than 2% with the title changing hands at 11.55 euros while France Telecom (after a minimum intraday to 13.5 €) gained 2.46% to 14.60 euros. The good news coming from the States are putting in a good mood the shareholders of the two European giants.
Male mutual funds investment in Italy in 2001, the asset management has indeed lost the race to the performance with both the stock market, both with Bots. According to the annual survey Mediobanca Funds SICAV and these products have experienced a truly terrible year in 2001, with heavy losses for certain groups and, above all, redemption record, which led to the negative balance of 17 billion euros. In the very long term government bonds make more. 20
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Analysts have confirmed the opinion of Rasfin buy the title in the giant Eni. The group has signed an agreement with the state company Croatian INA, for the joint exploitation of oil fields located offshore Croatian 5. Are investments of 320 million euros and the production will be launched at the end of 2004. The operation is judged as positive Rasfin within the terms of the strategic plan recently confirmed by Eni. Furthermore the development of gas reserves offshore in Croatia is synergistic with existing structures and offshore in the industrial area of Ravenna.
Just moved the title Premafin after the announcement that the board of the company, convened on July 11, will take decisions on a capital increase from 250 million euros, partly by issuing new securities (150 million), partly through the issue of convertible warrants (100 million). Among the objectives of the capital to buy a share pacchertto Sai towards the latter’s merger with the land. A sale at 1, 15% at 1.49 euros, exchange content.
