bank
Square Business dress in red, the bad financial
Brusca turnabout for Piazza Affari. The debacle of the bank is pushing into the Mibtel negative territory (-0.1%) and Fib, fell to 26,630 points, the lowest of the day. Unicredito (-2.8%), Sanpaolo-Imi (-3.5%), Capitalia (-3.3%) and insurance Ras (-3.8%) and Generali (-2.76%) are among the worst of Milan.
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European financial sheer
Thursday to forget for the European banking sector. The letter is in fact breaking down heavily on ABN Amro (-7.8%), BBVA (-4%), Deutsche Bank (-3.7%), SocGen (-3.3%), Bsch (-3%), . Too bad too as Axa Insurance (-5.48%), ING (-5.3%), Munich Re (-4.2%), but also the financial and especially Fortis (-4.9%) . The market fears that the continuing corporate scandals and bad information on the collection of funds can erode the margins of large groups.
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ECB believes in the revival of Euroland
The European Central Bank, the euro zone economy had already started on the road to recovery and towards the end of the growth of gross domestic product should match the potential. The latest figures available, highlights the monetary institute, confirmed a gradual recovery in the euro, with growth rates of GDP in the second half slightly higher than the first.
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Banking in the storm at the Milan Stock
are once again the securities of the banking sector to show the way to Piazza Affari. Even today, the session begins in deep red for the sector which now has lost all the gains scored in the first rally of the year. Male IntesaBci which yields 3.3% to 2.5850 euros. Below Unicredito (-2.08%) and Sanpaolo (-1.98%) but not saved even Mps (-2.91%) and BNL (-1.91%).
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Joint European bank in the territory
development contrasts for European banking stocks, which are still outstanding in the last hour of trading as all other market sectors. Among the positive signs, are reported Bank of Ireland (+1.46%), Commerzbank (+1.11%), Credit Lyonnais (+0.73%), Societe Generale (+0.55%) and Lloyds TSB ( +0.40%). Credit Suisse Group will drop (-2.74%), Bsch (-2.18%), BBVA (-2%), BNP Paribas (-1.74%) and HSBC Holdings (-1.12%).
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Thud of Capitalia and Bipop
This break down sales on duo Capital-Bipop. The news that the Bank of Italy and the Antitrust Authority opened an investigation on Capital to evaluate the concept of competition in the merger with Bipop and bad data released on fundraising during the month of June are shunning the two titles. Capitalia is giving 5% with the action that passes from hand to 1.755 euros while Bipop is leaving the ground on 5.11% to 0.67 euros. Both titles are on minimum day.
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M. Stanley: possible upside of 20% for BBVA and SCH
Morgan Stanley believes that Spanish banks have been overly penalized in recent months, in a scenario that is moving increasingly toward a global economic recovery. There remain some risks to South America, but when the financial situation of Argentina and Brazil is absolutely dramatic. The U.S. broker sees scope for upside of more than 20 percentage points on BBVA and SCH.
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Banca di Roma in red, weighs Worldcom
Part 1% loss in the title of Bank of Rome, which is traveling at 1.84 euros. The bank Capitoline, according to indiscretions, would be involved in financing the giant Worldcom for a figure of about 50 million dollars. WorldCom would be bankrupt by false accounting.
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FT’s agony continues
He can not lift his head France Telecom, after the news of the departure from two of Deutsche Telekom and its capital of banks to issue financing necssario to keep alive MobilCom. The title of the trans now lost 2.67% to 14.6 euros, a day after it was left on the field the 7.98%.
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Credit Suisse increases the share sull’azionario
Credit Suisse has changed the asset allocation by increasing the share of 2% and has reduced from 3% to 1% exposure to bond, keeping both shows overweight compared to the benchmark. A change in content because, they explain the investment bank, there is no confidence in a net change in the trend of the market as had happened the other hand September 21 when Credit Suisse’s position sull’azionario had increased by 10% compared to the benchmark. The revival in the meantime is proceeding but this year also include the strategist at Credit Suisse, the Fed will raise interest rates.
