Today the main European financial markets have seen the fireworks, and investors looking for some good buying opportunity, and partly by active coatings have boosted all titles. Paris closes with an increase not seen for some time with the CAC 40, which marks +7.04%. In Frankfurt the Dax 30 marks +6.61% and meesso London has scored an increase of 4.63%.
E ‘the red marker to characterize the evolution of the new markets of the old continent, in the wake of negative closing scored last night by Wall Street. In Paris Nouveau Marché marks a decrease of 2.23% to 648 points. In sharp decrease also the German Neuer Markt, with the Nemax 50 which loses 4.65% to 544 points.
E ‘as the Nasdaq, back in positive terrain, to be pushed up the major markets in the continent back to their time in the plus end of a day of ups and downs. Paris marks +0.20% to 3330 points, Frankfurt’s DAX 30 rose 1% while the 11 London FTSE 100 marks +0.44% to 4012 points.
It seems a bit back ‘optimism on the markets even if the uncertainty and nervousness due to the continuous scandals budgets could to change the mood among traders. “At this point it is important that the Milan Stock Exchange to remain above 27700-27800 points. The market could well make a base, which could push up to the 29,800-resistance of 30 thousand points,” said by Dresdner Bank. “Today, operators are waiting to know what will the United States President George W Bush, on Wall Street. Given that pulls the air, we think it unlikely scare the markets.”
The news came from the United States late on Wednesday on the U.S. giant WorldCom has admitted to having made up the budget for an amount of 3.8 billion dollars and is now at risk of bankruptcy has undermined the lack of confidence that the rebound in European markets showed yesterday and drove back to selling by all sectors. A quick recovery, however, led the final Mibtel to close down, 1, 18%. The exchanges have pushed downwards especially banks that may be involved in the case of Worldcom. First of Banca di Roma and BNL, although the latter has denied. Denials has been voiced by Sanpaolo and IntesaBci. Deep red for Pirelli, always suffered from a second black day of Pirelli Real Estate, Olivetti, STM, Bipop and Mediobanca. Recovered instead toward equality in the end titles of the galaxy Eni. Positive Mediaset, Ras and IntesaBci. In rewriting the title Seat. Seat rumors were circulating about a possible sale of the Yellow Pages division in order to raise cash. A Piazza Affari have pursued other indiscretions, particularly on the supply to Mediobanca 35% of Ferrari. Just the board will meet tomorrow to Fiat, which owns 90% of Ferrari, and an executive committee of Mediobanca, which in all likelihood should evaluate the operation.
While the letter is trampling on the stock markets, money kisses the single currency of Euroland. The euro has indeed conquered the threshold of 95 cents against the dollar, levels not seen in the last 17 months. The bad data yesterday came from Wall Street and the explosion in front of U.S. consulate in Karachi a bomb are pushing the single currency.
Despite a fundraiser in May positive Fideuram is one of the main list of titles most penalized. The action gives 2.7% to 6.65 euros. Even bad Mediolanum, down 2.95% to 6.9 euro, a mirror of a still high uncertainty on the fate of the equity markets.
“The alarms terrorism and fears over the escalation of tensions between India and Pakistan continue to weigh on markets. Mindful of what happened after the attack on the towers, investors tend to relax the qualifications such as insurance , of compagniee airline and tourism, and in general the more cyclical sectors, “says Michele Pezzinga strategist at Eptasim in its daily note.