finance
ABB, the Swiss industrial company, has seen profits rising 26% to 381 million dollars compared to last year. Swiss title is experiencing a decline of 1, 5% and is the action that loses less. The SMI, in fact, is down 3% and Zurich Allied (-6.4%), SGS (-5.8%) and CS Group (-5.4%) are among the worst.
Gruppo Editoriale L’Espresso trolling the performance of negative media headlines and editorials, marking a decline of more than 7%. The following are the titles of Poligrafici Editoriale, Class Editori and Monrif, who lose respectively 4.74%, 4% and 3.52%. Lower depreciation instead for Seat and HDP, which limit current losses at 1, 99 and 1%, 50%.
E ‘a market difficult, hard to interpret even for experienced observers, operators and analysts, many of which seem caught in the net uncertainty. “It’sa difficult situation,” said an analyst of a leading international merchant bank, “the U.S. market is under pressure, and currently lacks clear guidance on what might be areas for focus. Even the titles of the banking and insurance, which promised to be able to provide a good shelter in times of market like we are experiencing, are suffering from the prospect of higher interest rates and therefore are also sacrificed. “
Continue SCED Frankfurt marks -0.82% to 7390 points, then exchanging below the threshold of 7400. Deutsche Telekom continues to lose and score 2.73% to 71.2 points, while retrieving Sap and Epcos. On the upside however +3.2% at Commerzbank said yesterday that it was willing to cooperate with Dresdner Bank after the failed merger with Deutsche Bank.
Less than a week after the conclusion of the two pending and Opa Gildemeister, and Consob has asked yesterday to clarify the funding relationship that existed between the two competitors: GI Holding (Group Popolare Verona) and Holding Equipment Tools (controlled by Gildemeister AG). Interbanca owns Gildemeister (15% stake) and announced that he had paid on March 24 to 22 billion bank guarantees designed to cover the raise (in 8750 lire per share) Takeover Holding Machine Tools. For its part, the GI Holding has announced that the Credito Bergamasco will settle the debt to be 10 billion held by Interbanca against the group. This commitment is subject to the successful bid in 9197 dollars. “The availability,” it said in a statement, “aims to put all the shareholders of Italian Gildemeister under conditions allowing their decisions to one of the competing bids might, under equal conditions proposed, be dictated solely by an assessment the economic content of them. “
The FTSE closes at -2.36% in a day of bargaining that has greatly limited the technology stocks in favor of all securities Old Economy. Heavy losses for Vodafone / Airtouch, which closes at -9.75% taking with it many other titles, going against a classic “old economy” the Brit.Amer.Tobacco sticking a +5.43%.
After the stage for a few weeks of nervousness that has diverted the attention of investors from the technological, the title of Turin Intermobiliare Bank (BIM), Internet activity, dating back slowly to quotes from several analysts considered the next his price target (around 21 euros). Currently, the title is trading at 20.77 euros (+4.30%).
E. Biscom and I. Net continue to be prey of high volatility. So I. Net after opening the day stock market is now being traded at 469 euros to 457 euros, after hitting a low of 451 euros. Starting swinging for e.Biscom that after opening at 246 euros having touched a high of 249.45 euros is now being traded at 239.20 euros (-1.85%). “They are securities that will live with the volatility and therefore must be approached with a trading day or at most weekly,” says an analyst with a leading Sim in Milan, “is crucial timing of intervention. E.Biscom For the threshold of purchase may be 220 euro while the output of 260 euros, and in the long run, the title could settle on 250 euros. “