First bars of the day full of shopping in the markets of the old continent. Frankfurt marks a rise of 0.11% at 3364 points, the Paris gains 0.91% at 3193 points while the FTSE 100 in London marks +0.41%. Plus for Amsterdam and Zurich.
The sales do not let go this afternoon and one of the areas most affected is certainly that of technology stocks. Ericsson to pay and especially the Stockholm Stock Exchange leaves on the ground more than 5%. In sharp downward moves also Finnish rival Nokia, which on the Helsinki Exchanges marks -2.08% to 14.14 euros.
Until just a few months ago the directions that came from Europe on the economic front were positive, with a recovery on track directed and guided by corporate profits, now the scene seems partly changed, “said Zafar Ahmadullah, fund manager SISF Euro Equity Fund. “The latest economic data have been less exciting and now, while remaining confident of the resilience of the euro zone, we believe that growth will be slower than originally expected. Investor confidence is also undermined by the risks of a military conflict between U.S. and Iraq, which currently represents a significant uncertainty factor. “Given this scenario – added Ahmadullah – securities on which bets are those companies financially stronger and with a good track record behind him. The recent free fall bags have made it more attractive valuations of many companies, especially when viewed in light of prospects for future growth. In this respect, to those medium and small cap companies compared to big European cap, which currently poses the greatest challenge. “
Analysts at Lehman Brothers have confirmed the title for Nokia’s list of favorites at the European level has been maintained at the same time the negative view on the entire mobile phone industry. Therefore remain unchanged even the opinion of equal weight and the target price of 15 euros. The report was issued after the Finnish giant disclosed its forecast for the second half.
Brilliant start for Mediaset, which rises of 2.80% with the title that is approaching the threshold of 7.30 euros. The very positive view expressed yesterday by Lehman Brothers and the new law coming in the media are turning the spotlight on a title that year to date has lost “only” 14%, but outperforming other European players.
Antonveneta it does not seem to benefit from future entry into the list of blue chips. The title of the bank is in fact losing slipping 1% to 16.43 euros. Very high trade: over 164mila pieces against a daily average of 142mila. Be noted that the low of Antonveneta has fallen to 15.65 euros.
The U.S. carmaker Chrysler reported in August surge by 24% in sales and reached to 210,855 vehicles. Sales of trucks were 164,313, while car sales totaled 46,542. At this moment the title is DaimlerChrysler shares traded in Frankfurt at 41.2 euros (+2.9%).
plus sign to the title of the group De Longhi who has known since the end of June to present a substantial period downhill. In June, De Longhi it was worth around 5.70 euros, while today, despite an increase of 2.56%, the title to browse share 4.8 euro.
Travel on the highest of the day the title of the company led by Paolo Scaroni. Enel is in fact rising of 2.69% with the action that reaches almost 5.20 euros. Very high trade: 19 million pieces, already higher than the daily average last month. There is great expectation for the meeting of the financial community (September 12, ndr) but also for the positive view came yesterday from Morgan Stanley that the approval of the decree March could push up the price target for Enel 32% ( when the target price is 6.2 euros).
Seat opposed to the European technology sector, caratterrixxato here today by a high nervousness after the closure of ugly on Wall Street. On the positive side, it highlights Wanadoo (+2.51%) after a good six months, while negative changes are made to score from Infineon (-2.45%), Alcatel (-1.07%) and Nokia (-0, 56%).
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