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Milan shares AFX at a glance outlook


Published :
Wed, 10 Jan 2007 08:45
By : Agencies
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MILAN - Share prices are expected to open lower after the weak close on Wall Street and the fall on Asian markets as the slide in oil prices continues to cause concern for energy stocks, dealers said.

Yesterday, the Mibtel index rose 0.16 pct to 31,939 points and the S&P/Mib was up 0.09 pct at 41,566. Volume was an estimated 5.269 bln eur.

FORTHCOMING EVENTS

Today

- Q3 public accounts (10.00)

- De Agostini, Magnolia press conference (11.00)

- Industry minister Bersani press conference on liberalisation law (11.15)

TODAY'S PRESS

- Minister Bersani wants to end fixed charge on prepaid mobile phone cards

- Citigroup asks for Parmalat's 10 bln eur clawback claim to be shelved (MF)

- Govt plans to create a foundation to control RAI state TV (Sole 24 Ore)

- Prysmian preparing to list (Sole 24 Ore)

- Bank of Italy Tier 1 rules could facilitate bank mergers (Sole 24 Ore)

- Alazraki plan for Alitalia does not convince trade unions (La Stampa)

- Enia shareholder rekindles possibility of integration with Hera (MF)

- Telefonica wants to sell 75 pct Endemol stake by March, Mediaset seen interested (MF)

COMPANY NEWS

- Unicredito CEO Alessandro Profumo says bank will meet 2006 commitments

- Pirelli finesses put and call option to sell Gim stake for 13.1 mln eur

- Zaleski's Carlo Tassara exercises Edison warrants to reach 10 pct stake

MARKET SENTIMENT

- ST Microelectronics upgraded to 'overweight' by Lehman Brothers

stephen.jewkes@thomson.com

sj/lam

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The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

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