Good start for the tech stocks in the United Kingdom, supported by the rally yesterday on the final scored by Wall Street. Between individuals, highlight Arm Holdings (+2.3%), Sage Group (+3.6%), Invensys (+2.5%), Marconi (+6.8%) and Spirent (+2.4 %).
Analysts at UBS Warburg issued a court to hold the title of the French Orange, the mobile subsidiary of France Télécom. Analysts point out that the link with France Telecom is a source of great uncertainty for Orange whose course should fluctuate for some time. The target price has been set at a height of 8.90 euros. Today the stocks traded strongly on the upside, after a few sessions of strong correction, and earn 3.97% to 4.71 euros.
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%.
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.
goes to the Asian financial crisis, the main square that closes the session with a fall of 2.44% to 10,354: the lowest value reached during the past four months. Too bad Topix which marked a setback of 2.02% to 1002 points. Wall Street weighed in particolor way, closing the deficit in the Nasdaq that has kicked the sector of technology stocks, including Sony, which has lost 4.14%.
European stocks are back to smiling. The final recovery on Wall Street yesterday, with the Federal Reserve that said she was cautious about the outlook for the economy but has removed the specter of higher interest rates, it is primarily driving up the titles and telephone technology. Milan Stock Exchange opened as rising 0.74% thanks to the excellent start of STM, Finmeccanica, General and Olivetti. Good start for Session Bipop, Ras and Mediaset. Catching even Numtel with Tiscali rising by more than 2% after the god awful sitting yesterday.
Merrill Lynch maintains a cautious view on the market for office premises in the City of London. Among individual stocks, confirmed a Buy recommendation on the title of British Land, which currently has a discount of 26% compared to fair value. At this time, the title is traded in London at 605 pence a share (-0.2%).
red marks in these early stages of the session for the title of Finland’s Nokia, the world leader in mobile phones. The title, despite the best approach for technology stocks on the Helsinki Exchanges marks a decrease of 1, 87%, passing from hand to 15.2 euros.
The final recovery on Wall Street yesterday el’ennesima positive closing of Tokyo have come back a little ‘optimistic on European markets benefiting from the successful launch of technology stocks and telefonici.Piazza Affairs has meanwhile opened increase of 0.35% due to the positive departure of Tim, Telecom, Olivetti, and STM. Catching too Fideuram, BNL and Unicredito. Negatively, however, Saipem, Mediobanca and Highways.
Black Friday for Numtel (-3.6%) which is now one step away from closing the figure (2,300 points), however both are on low. A push into the underworld of the New Market are among the other Tiscali (-5.14%) to 7.78 euros, e.Biscom (-4.2%) to 48.50 euros, AISOFTW (-3.1%), DMAIL (-4.5%), Finmatica (-5.5%). Freedomland (+1%) and Itway (+0.4%) are the only two stocks in positive territory.