Milan in deep red
Milan Stock Exchange opens week under the banner of red and so the rest of Europe. Alongside those who believe that the correction has come some people think that the market can hold the position at least until year-end. Milan Stock Exchange closed today in decline, 1, 07%. In red even the New Market who finished 1 down, 80%. Poor performance for banks caught in the crisis between Argentina and the low interest rates. Compounding the situation, even the bankruptcy of Enron, that Italian banks had funded. Especially bad BNL, Sanpaolo, Unicredit and IntesaBci. Budget also negative for the Galaxy Telecom, the asset management and Bulgari. They resisted rather positive Snia, who still benefit from the reorganization and the focus on biomedical, Mediobanca has changed hands in 0.37% of Eni’s capital, and finally, in the wake of oil prices and the impending listing of Snam Rete Gas, which will debut on 6 December in our portfolio STAR 2.80 euros per share. On shields also Italgas for which return items Opa. To underline the interest of Edison, Italenergia and Gas de France, which has proposed a stock exchange.
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