Take the profit taking on the euro. Complice the U.S. stock market rally but not exactly exciting the statements made yesterday by European Central Bank President Wim Duisenberg on the health of the economy, the single currency euro zone ended the eighth to 0.972 against the dollar, leaving the ground almost 3% from the peak of 28 June.
Posts Tagged ‘stock market’
I drew a breath, the euro
Chelini: “For now we remain defensive”
The stock markets can rebound to score and the other between sessions of decline are not fully return to the serene and experts prefer to stay defensive. “Before raising again the weight of shares in our portfolios, we prefer to wait for reassuring news from the earnings season for U.S. companies that will start next Monday,” said Simone Chelini, manager of Nextra, “Perhaps we are approaching the time when recovery will begin, but Currently in the second quarter we have seen little or nothing. This is our sentiment remains defensive. not anticipate any reversal of the market because we still have doubts. “
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Piazza Affari who resist the plus sign ‘
The Milan stock market seems sluggish this morning, in an atmosphere lacking in suggestions specifici.Il Mibtel marks +0.12%, while the leaves on the ground Numtel 1%. To support the market are the titles Fiat (+1.7%), Banca di Roma (+1.5%) and Bipop Carire (+1.44%). In terms of hyphens sitting Mediolanum negative (-1.9%), and Fideuram Olivetti.
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Media breaks my feeling on the rise
After the brilliant performance of yesterday, today, the DJ Euro Stoxx Media does not stand the shock caused by the U.S. stock market lost in this moment the 1, 20%. Slip for TFI, the title of which decreases of 2.97%. Negative developments also Vivendi Universal with the stock price back below the threshold of 55 euros (-1.18%) and Lagardere (-1.14% at 44.22 euros). In great shape, however, Spain’s Sogecable rising, 1, 93% to 28.03 euros.
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“Uncertainty and ’sovereign, waiting for the Fed”
What are the prospects of the stock market? “We are spectators of a very shy recovery, but the scenario remains very uncertain,” said Angella Henry, head of asset management Albertini Kleiwort Dresdner Benson, “The Nasdaq has broken important levels and is now in the quietest area. From here could groped the assault to 3,000 points. Uncertainty remains high in Europe, partly because the data of Nokia were positive. At the same time expects the next meeting of the Fed in general still a possible rate cut will not have immediate effects on the macroeconomic front, and now the recession is certain. “
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LTS: Born in Palermo but he is already thinking ‘on the Milan Stock
It’s called Lts-Telecommunications and Services, and will be the first March, a new operator of fixed telephony. The company, based in Palermo, will operate initially only in Sicily, but aims to further extend the service to the entire national market. LTS will invest 100 billion in the first three years, while the subsequent stock market listing should provide the necessary capital for further expansion. LTS will not only satisfy the users mailbox, because they will be also provided Internet services to highly competitive rates. The aim of the new company is indeed to serve at the initial stage 60 thousand companies and 200 thousand families, and later as it said in a statement, “to become a landmark in the Mediterranean, a bridge between Europe and North Africa .
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No storm in sight for Europe
After the stock market session today the fear of a violent correction has passed or there still uncertainty in the air? The danger seems averted, and the newfound peace could pave the way for an uptrend. “There are the prerogatives for a transfer,” says Daniel Bottoli, manager Gestielle, “The situation leads to positive thinking. European companies are increasingly focused on creating value for shareholders through the listing of some of their assets, liquidity continues to flood the market and mergers are commonplace. We also stress that the European stock markets now tend to go with their legs and no longer follows the U.S.. “