finance
Session Initiation brilliant for Finland’s Nokia, which marks, at the Helsinki Exchanges, a rise of 4.07%, passing from hand to 27.6 euros. Thus, once the money title on the day after, because of its profit warning, had lost over 20% of its value if the downward drag of all European stock exchanges.
He can not recover the company led by Marco De Benedetti after the heavy slip yesterday. Unlike the other titles in the team Colaninno, Tim is in fact registered a decline of 0.11% with the title you are traveling around the threshold of 6.40 euros and volumes that reach 7 million units. According to some traders, Tim would be blaming the lack of development abroad beyond the fact that some headings (Vodafone) are more attractive given the strong reassessment recently. Furthermore, the intention expressed several times by various Deutsche Telekom and British Telecom, the mobile division spinoff makes uncertain the future of Tim.
After the strong increase in prices in France, Germany and Spain, Italy also looks forward to inflation data. Official figures will be announced June 21 but early estimates do not conceal an air of pessimism. Would naturally weigh the high oil prices, the phenomenon of mad cow disease and not least the chronic weakness of the euro. While waiting, however, nobody seems willing to hazard figures.
Another day of passion for the media in Piazza Affari. Earlier this week the industry had reached the downgrade of ABN Amro, because of declining advertising sales forecasts. Significant fall at this moment especially for L’Espresso, which is on the levels of a year and eight months ago the price of 4.6 euros (-1.84%). Too bad all the other titles in the sector: Mediaset gave the 1, 61%, the hdp 1, 45% and the Mondadori 0.89%.
The office studies Commerzbank has confirmed its view to “buy” on the title Alcatel traget By lowering the price, however, falling from above 60 euros to 40 euros. Peter Knox and Robert Ashton, the two analysts that follow the title for Commerzbank, positively assessed the ongoing restructuring which should lead to a significant reduction in costs for the second semester.
After five consecutive sessions spent in the plus-sign, slips this morning in the red marker Deutsche Telekom, which marks a decrease of 0.40% to 24.69 euros pasando hand. Weakens the positive trend that claimed the title from last week, in sharp contrast to the markets.
After an opening session in sharp decline, in the wake of poor performance achieved yesterday, trying to return to the surface the way German Lufthansa. The title marks the Frankfurt Stock Exchange, a decline of 0.94% to 20.02 euros, but it is a slight recovery. Lufthansa has had to revise downwards its estimates for the current year due to extraordinary disbursement following the wage concessions with its pilots.
The British group Granada was considered “market underperform” from Lehman Brothers and with a target price of 170 pence. The outlook for the advertising market remains bleak for the fourth quarter of 2001 and for much of 2002. A recovery in advertising revenues is desirable, but there is uncertainty about when it will occur. There are planned restructuring plans involving cost cuts, with the title does not show a great appeal in this phase of the market. Granada at the moment is 161 pence (-2.99%).
A bad day on the Paris stock exchange (CAC 40 -0.92%) where only 9 titles in 40 exchange in positive ground, stand the strong declines in securities belonging to the technology sector. STM yields 5.15% to 38.15 euros after announcing a revenue warning, Thomson Multimedia drops by 5.76% to 41.07 euros, Dassault Systemes loses 2.38% to 51.25 euros and Alcatel recorded a decrease of 3.26% to 27.04 euros.
red sign for the German Dax, which marks a decline of 0.88% at 6058 points. Primarily responsible for driving diffcoltà index are the titles of the technology sector that exchange all in sharp decline. Sitting decidedly negative for SAP that loses 3.35%, Siemens exchanges the decrease of 2.13%, Infineon and Epcos loses 2.67% loses 3.43%.
