European shares tested new lows of the day just as they get ready to face the last moments of trading. Paris strikes a decrease of 4%, even bad Frankfurt lost almost 3% while the FTSE 100 in London marked a decrease of 3.22%. European stock market is worse than that of Amsterdam marking -5%.
Excellent sitting at the Paris stock exchange for the title of the company aircraft EADS, the European group that monitors the famous manufacturer of Airbus airliners. The title marks an increase of 3.04%, passing from hand to 16.25 euros, for this is the fifth straight session Eads spent in the plus sign. To support the title is the news that after a good quarter Lufthansa has decided to purchase 10 new Airbus aircraft.
Air One filed a complaint against the Antitrust agreement between Alitalia and Volare. The news was revealed by the same group of top Air One at the press conference on results.
Another bad day for the banking sector of the Old Continent, plagued by bad news came from HypoVereinsbank sull’outlook the third quarter. Negative influences from the States too, where we witness the collapse of the Titans (Citigroup and JP Morgan Chase). Among individual stocks, just slip HypoVereinsbank (-9.76%), Baer Holding (-7.30%), Commerzbank (-7.21%), Societe Generale (-6.70%), Barclays (-5, 22%) and Deutsche Bank (-5.18%). In controtenenza are reported HSBC Holdings (+0.58%) and Credit Agricole (+0.48%).
The group Arquati tries to leave the shallows of a corporate delicate situation, which resulted in non-certification of the 2001 budget, and returns to the financial community with a new business plan, which already in 2002 a return to profitability as “moderate”, to arrive at 2005 to a planned turnover of 200 million euros, u EBITDA (EBITDA) of 18% of revenues and operating income (EBIT) of 15%. The guidelines to follow, talk about cost containment, corporate reorganization and focus on its core business. This profile will be developed both in terms of products (rest of the tents and frames), both geographically, with concentration in countries with higher participation rates, such as Italy, Germany, France, Switzerland, USA and Brazil . The group structure will be reviewed and will be given space to the role of team leader on all of its subsidiaries.
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.
The Panavia consortium, which includes the subsidiary of Finmeccanica’s Alenia Aeronautica, signed an agreement with the Agency NETMA for the modernization of the Italian Air Force Tornado. The transaction value is 45 million.
“Despite the opening is negative, the Fib 30 is still at a stage side,” said Alberto Ieralla, technical analyst Infochart. The futures market currently cedes the Italian 1, 5% at 27,500 points, “For the derivative on the MIB 30 to monitor the proportion is represented by 26,700 points, which represents the least touched last week. Only a close below that level would signal a downhill slide, but my prediction is that the stage side is not yet complete. On Wall Street the Standard & Poor’s 500 Index yesterday closed a gap opened up previously, stopping completely on that level, from which it may bounce today if there will be negative news, “concludes Ieralla.