Posts tagged: eu
B. Sella: “Probably the minimum test of 21 / 9 for the Mib30″
“The Mib30 index, after a first test at an altitude of 26.00 last June 26, he moved for about two weeks at a lateral distribution and today provided a first hint of an additional thrust “says Romano De Bortoli Banca Sella. “We expect the index breaches 26,000 shares downward in the coming days, with subsequent targets which go down to the smallest of last Sept. 21. At the moment this is the most likely scenario, considering the weakness of some very heavy on the securities’ index as Eni and banking. De Bortoli suggested to be absent from this market, unless you want to work downwards. “The volatility remains at very high values and risks associated with a market like the current one are large, even for those who commit only trading operations. On the currency market, the analyst believes in a further strengthening of the euro against the dollar. “The euro is now parked for several days between 1 and 0.9850 against the dollar. The movement in trading range is expected to last for a few more weeks, then we should see the breakout of 1 share, with next target at 1.04 reached in a few months “says De Bortoli.
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Insurers affected by the data on confidence Us
The data showed a decline in consumer confidence in the United States is affecting even the field of securities insurance. AGF collapses and leaves the road for 5.76% to 38.6 euros. Groos gaps for Axa leaking now 3.66%, passing from hand to 14.47 euros. Resoistono, however, the two German titles: Allianz is an increase of 3.12% to 190.26 euros, while Munich Re takes a leap forward, 1, 57% at 223.26 euros.
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VU ignore the rumors and continued on its way
continues his ascent to the title of Vivendi Universal at this time is gaining 5.25% and are changing hands at 17.05 euros. There seems, therefore, have detrimental effects the announcement of Xavier Couture has suggested a specific sale of Canal + where he held the post of President of the Directory. Other rumors of the press, moreover, suggest an immediate release from the group VU Guillaume Hannezo, the current finance director of media group cabarets. Also rising Tf1 (+2.65%) and M6 (+0.76%), as well as traveling in green mark too Lagardere (+2.97%) and Havas (+1.8%).
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Brilla STM, well even Finmeccanica
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%.
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Saipem back to tie ‘on the final
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.
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De Castries: “Axa points to internal growth and not to acquire”
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.
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European bank in the red right from the start
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%).