Continued interest in banking stocks after two good resistance recorded in the session when a letter yesterday, caused by a profit warning issued by Nokia, had hit a bit ‘all sectors. Unicredito is recording a rise of 1, 14% with the title that is trading at 5.33 euros while Sanpaolo Imi-1 is rising, 10% with the action that is trading at 15.66 euros.
A few minutes from the first listing on the Paris stock exchange the freshman Nexans, the cable subsidiary of Alcatel, swap on the same electronic platform Instinet. The title is trading at just 27 euro price of placement officer.
The rumors that they want the heads of Telecom involved in a legal affair so far have not affected the progress of titles. “The negative performance of the stable Colaninno is linked more than anything else in telecoms sector in general than to the rumor,” says Marco Opipari, an analyst at Metzler capital market.
bad day for European manufacturers of semiconductors, in the wake of the negative performance of the Nasdaq yesterday and especially SOXX chip index, which yielded 2.37%. Paris STM yields 2.56% to 39.19 euros in Amsterdam ASM Lithography drops by 3.4% to 28.15 euros and Frankfurt Infineon lost 2.05% to 38.3 euros.
After Nokia also the French-Italian company has revised downwards its estimates on the second trimsestre. In particular, STM expects the turnover to June 30 is between 1.55 and 1.6 billion dollars against estimates 1,65-1,8 billion. The title is losing 8% to 37.40 euros after a minimum at 36.70 euros.
The Nasdaq has yet another negative session today forced the red mark the new European markets. In Paris Nouveau Marché marks a decrease of 3.55% at 1531 points, year to date the list of Paris has lost three times as much as the Nasdaq. In sharp decrease also the German Neuer Markt, which loses 2.46% to 1626 points, the leading European technology index has lost about 3 years from the beginning of the losses in the Nasdaq.
Following the warning from yesterday revenue of STM, a leading manufacturer of semiconductors, has added today warning of Philips’ semiconductor division to contribute to the difficult time of the chip sector. ASM Lithography yields 3.31 to 25.99, Infineon shares drop 37.1 euros by 2.7% and STMicroelectronics to the Paris stock market goes down by 1, 7% to 37.85 euros.
The new season of profit warnings and bad session yesterday of the financial Us are undermining the confidence of investors and thus weigh on the sector of asset management. Starting to forget for Mediolanum (-2.06%), which are changing hands at 11.91 euros, and Fideuram (-1.6%) to 11.08 euros, while it seems to resist Bipop (4.31 euro) which is traveling virtually unchanged over the previous Thursday.
IT Way will present the New Market July 4, the date set for the start of trading, the indicative price range of between 24 and 30.5 euros. The public offer will be launched June 25 to end on June 27.
“The London Stock Exchange (LSE, which is the company that manages the London market) plans to get a listing of all its shares on 20 July, as confirmed in a recent prospectus. The move should allow all’LSE greater financial strength and greater operational flexibility. In fact, with the full listing for its shares, the company London Stock Exchange will have the option to issue new shares or raise capital on financial markets with greater ease.
© 2010 Finance News