left on the ground nearly 4% down so the title Autogrill under 11 euros. The title of the company is headed by the Benetton family are changing hands at 10.88 euros after having touched a maximum of 11.15 euros a day. On the basis of new acquisitions, items weighing obviously unwelcome to the market.
False start for the New Market with the index losing 0.98% share by testing 1,500 points. Rumors (denied) to the effect that Tiscali would come in the crosshairs of Wanadoo and T-Online does not heat up too much under the Sardinian: -0.5% to 6.1 euros. In ground effect among Cairo (-2%), Cardnet (-2.8%), Biosearch (-1.8%), Datalogic (-4.5%) and INet (-1.64%). On the positive side, however, Dada (+3.8%), Digital Bros (+3%), AISOFTW (+1.3%) and Gandalf (+1.3%).
The cyclone struck the WorldCom financial markets in Europe and on the final session were, however, filed their losses. Frankfurt now reports a decline of 2%. Suffer various tech stocks like Infineon (-8.7%) and Deutsche Telekom (-5.6%). Even bad insurance companies exposed to WorldCom: Allianz leaves on the ground for 5.5%, while Marschollek is delayed by 3.9%. Save the car: BMW (+1.32%), Volkswagen (+0.8%) and DaimlerChrysler (+0.48%). Paris, meanwhile, closed the session with a fall of 1, 73%. Plot twist for Vivendi Universal: in a deep crisis until a few moments when he got up from the buy of JP Morgan who led the way to earn 7.78%. Collapse, however, Alcatel (-16.47%) and France Telecom (-8.02%). In general, the Paris market all the big players of the ball tmt have suffered. In London, the black jersey was worn by British Airways which has left at ground level from 5.9%. In red all other squares of the Old Continent: Amsterdam lost 2.43%, Madrid 1, 33%, while the SMI, penalized by the collapse of insurance companies, closed late of 2.64%.
The market now seems no longer looks at anybody and sales of securities on the telecoms sector in Europe often seem unwarranted at this level, as we confirmed Daniel BOTTOLI handler for Euromobiliare. “The market seems not to understand in some cases some companies have now embarked on a major road rehabilitation and why some prices seem unwarranted.” What is certain is that many managers put us in their “In the case of France Telecom talk of a title put in check by speculators, the market is still waiting for signs of a breakthrough in the management of the company. I think the title will go up when the dilute the French state’s share and when the trans Telecom will launch a capital increase. In Europe there are also cases like that of KPN positive: “a case where we clearly see an improvement of the company after the ouster of the old management.” Essentially BOTTOLI for the moment on the European telecoms sector, it is better to stand at the window waiting for the market appear more healthy and stable.
Not good news coming from Germany. The Ifo index, which indicates the health status of entrepreneurs, fell in June to 91.3 points from 91.6 the previous month. This is a bottom-up to the expectations of analysts who had projected a growth of more than 92 points. The market does not seem to acknowledge the blow given that European stocks are traveling on top of the sitting.
The Finnish giant Nokia has cut its growth forecast of sales in the second quarter from 15% to 10% but kept its profit target of 0.83 euros per share. The company reiterated its intention to achieve a 40% global market share in mobile phones (now at 35%). Another goal is to become as soon as the market leader in mobile telephony in China, which seems to be the new land of conquest in the industry.
Claire Kent, an analyst at Morgan Stanley, confirmed his assessment of overweight on the title of fashion house Gucci. The price target was set at an altitude of 135 euros. A better assessment of what Morgan Stanley reserves to the luxury sector, which by 2002 should be in line with the entire market. Today the title Gucci exchanges of 0.59% decrease in passing from hand to 100.90 euros on the Amsterdam bourse.
The Japanese companies Toshiba and Fujitsu have agreed to closer cooperation in the overlapping areas of business, which could lead to a merger of their activities in semiconductors. Such a decision involves a process of ongoing consolidation of the Japanese chip industry for some time, with the aim to specialize in a market not controlled by Intel.
“In May, the U.S. stock markets have suffered from extreme volatility determined by the contrasting economic landscape popular with operators who have varied between hopes for stronger growth and disappointments for a slow economic recovery “explain by Union Investment. “Market participants have maintained a conservative approach to investments in equity-data warnings of new terrorist attacks. In addition, more negative news came from the high-tech sector, with Goldman Sachs has lowered its profit forecast for at least 26 companies software. The future is not exactly rosy. ‘And’ We believe that a marked economic improvement will not be possible so soon, “going on for Union Investment. “This also means that forecasts for corporate profits should be more accurate and realistic. We are confident in the latter part of this year imagining a more sustainable growth. At the moment, however, rimanegono underweight U.S. equities in the portfolios resources than our weight given by the MSCI World Index.
Price lists European technology in a decidedly lukewarm reaction to the good of the Nasdaq closed last night (+3.2%). The new market is in fact only slightly positive (0.6% on Numtel) while the Neuer Markt in Frankfurt is negative. Cash the nouveau Marché. Among major movers list of Italian Tiscali is slightly positive, as well as BB Biotech (+2.2%) continues its strong recovery Dovo reversal of recent weeks. E. Biscom moves equal to 34.8 euros, while smaller titles Trai Freedomland moves the slight decline after the boom of the past, when the stock had risen by 10%. Negative AISOFTW, Cairo and comm Vitaminic that yield more than 3%. Scheduled for today’s quarterly Oracle.