Piazza Affari in trouble

Declined to Piazza Affari, the Mibtel index fall by 0.90%. Positive session for Wall Street where the Dow Jones, shows a +0.18% and Nasdaq +1.20%, led by Citigroup stock (+6%), General Motors, which earns 3.97% and Bank of America (+2.05%). The attitude of American investors remains cautious following several negative corporate news: first of all giant Nokia, the undisputed leader in the mobile market which has announced job cuts.

The Tokyo Stock Exchange in the morning yesterday had recorded an increase of 3.18% in the wake of the optimism of investors to relaunch the global economy. Milan Stock Exchange was driven by Tiscali who has registered an increase of 7.89% reaching peaks of 18% and having also been suspended from trading, after


reaching the minimum price of 0.15 shares of the company founder Renato Sardinian Soru, the shares have continued to rise thanks to the encouraging news emanating from the group. Buzzi also continued its upward run after the session on Monday: closed yesterday at +5.08%. Unlike securities that have recorded strong increases in the session on Monday, have seen decreases, Bulgari hit by strong sales lost 5.27%, declining by Geox 2.79%, 5.1% Italcementi, Pirelli on 2 , 65%. Unicredit in the day the Board, opens leap forward, but on the final session ends with a slight increase of 0.26%.

Excellent performance of Mediaset, which ended with a +2.28% at 3.36 euros news today is the growth in revenues for the year 2008 of the Mediaset group of 4.2%. Decreased profits, but the company has clearly explained that this figure was influenced by the depreciation of the goodwill carried by Edam, the ultimate holding company of Endemol. Mediaset announced the firm to improve its market share in the pay-TV, that is on DTT even if forecasts of advertising are planned for the current year declined compared to 2008. The board will propose to distribute a dividend of 0.38 euro per share.

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