Lima almost all gains and falls under the title The 3 euro Fondiaria, the focus of investors’ stock market in recent sessions. The title insurance company Florentine thus marks an increase of 2.56% to 2.97 euros after having touched the 3.23 euros as the maximum of the day.
“In this particular phase of the market rather stay at the window because, from a technical standpoint, we find ourselves in a situation not too good,” says Edoardo Mosca of New Investments sim. “It ‘important that the Milan Stock Exchange to remain above the minimum last Wednesday (24,550 points Fib NDR).. If it holds, it could also be a bounce. Ideally, though, is that for at least a week, the market remains on these levels, thereby developing a phase of accumulation. ” But the eyes of investors have turned everyone on Wall Street, and in particular the S & P500. “The Standard & Poor’s is oversold and held 850 shares, could also bounce with an initial target of 900 points and the Next at 940,” says Moscow.
The general situation of the awards seems now to be closed circle. “The descent of a sector drags the other,” says Paola Brunelli, manager of Credit Suisse Asset Management, “To see a bounce it will take an exogenous factor, but difficult to detect. It could be the intervention of the government as France Telecom or new injections of liquidity, or finally tax reforms. But they are assumptions. However, if the season of the results to be better than expected, as happened at the end of the first quarter, then it reports confidence to investors. In this case evaluations of securities would be cheap compared to its historical context and therefore interesting. “
The exploits of Repsol (+10%) and renewed confidence among investors are pushing on the maximum day the title of the six-legged dog. Eni is rising by 4% testing fee 16.80 euros even though volumes are lower than the daily average last month.
Excellent show of force on the UK insurance sector, the sector remains the focus of investors after the scandal that hit telecoms giant WorldCom. At this time, Prudential earns 7% to 599 pence, CGNU up by 6.6% to 524 pence, Legal & General surplus of 4.8% at 131.5 pence, while Royal & Sun Alliance jumped ahead by 5.9 % to 252 pence.
Shares of the French group Vivendi Universal collapsed ieir the Bourse in Paris, losing about a quarter of its value and sliding toward its lowest level in 13 years. Investors have penalized the title as concerned about the liquidity of the company after a complex series of financial transactions.
“Given the uncertainty that hovers on the market and the sharp reassessment in recent days by Bipop, investors have rediscovered Banca di Roma. But in this case pushing downward.” And ‘this is the explanation that comes from a trader of a note that indicates sim Milan as arbitrageurs are doing “dance” the two titles. Bipop is preparing to close in upward of 1, 2%, while Bank of Rome gives 3.63%.
Still in difficulty, the London Stock Exchange, which weighs in particular the negative performance of two big cap as mmO2 (-15.5%) and ARM Holdings (-12.4%). Henk Potts, investment manager at Barclays Private Clients, says that investors are still worried about the income prospects of the companies and the timing of an eventual recovery, while beginning to emerge as fears of future increases in interest rates. “It ‘hard to understand what will bring the market out of this impasse,” said Potts.
The desire for the airline, pending snap holidays. The Alitalia continues to benefit from the return of investors after the good quarter, which also enshrine the “twinning” with Air France. Francesco Mengozzi will sit in the board because of the French company while Jean Cyrille Spinetta will land in Rome. Title growing by 3.3% to 0.85 euros. From early May, the thiol has gained nearly 25%.
In about an hour after the close of the market, Paris decisamnete chooses to remain in negative ground. After a day playing well because of investor confidence, at midday, the market has declined from which he was able to recover. A glimmer of hope in a recovery, came after the publication of U.S. data with the CAC 40, which followed the U.S. market in its recovery for a few minutes. The index of leading of the square aprigina marks -0.44% to 6503 points.
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