Difficult week as the European and world Bags prey to constant change and volatility in the face for the bad news coming once again from the U.S. banking sector.

It was not more than a month after the SEC, in cooperation with the Fed, had not the chance to put a downward pressure on bank securities.

On that occasion it was easy to imagine that the market would not have liked the handling and ruinous collapse of Lehman Brothers is its confirmation.

Helmsmen of American Finance, Treasury and Fed are now engaged in the rescue plan for banks in trouble: the search for viable partner that can provide economic support to avoid bankruptcy.

The closure brings to 28,450 the S & P Mib-future fluctuation range (28000-30000) in a substantially neutral. Recovering these levels the future has shown a willingness to seal despite the negative long-term nurturing and tenuous hopes positive in the very short term. In the week incoming quotes could groped approaching at 30,000.

Dieter Rampl, chairman of Unicredit, responding to those who had asked him if he were concerned about the heavy losses of Unicredit title yesterday after a Piazza Affari gave 8, 16% said: "The fall of the title UniCredit on the stock market depends on the situation international markets. "

Ra spoke mpl entering the headquarters of Mediobanca for the meeting of the Governance Committee of the Piazzetta Cuccia.

As revealed by the International Monetary Fund "financial markets and all the European stock markets and world remain under substantial pressure for the whole of 2008 and for most of 2009."

E 'quanto si legge in the draft of the World economic outlook, anticipated anxiety.

Despite the strong support by the authorities to prevent systemic collapse, "a further deterioration in financial conditions is a serious risk."

According to the director of the IMF, Strauss-Kahn, the recent crisis "represent a potential risk for world economic growth."

The market returns to bet on un'accorciamento of the chain of control of the Fiat group, but this time pointing Ifi privilege licenses. Yesterday, the shares of the holding company on the stock market closed higher at 2.61%, to 15.52 euros, having gained as much as 5% during the session. The growth in one month was 20%. Have lost ground yesterday, the shares Ifil (-2.3% of the ordinary and the least 0.37% savings).

It should be noted that Ifi is controlled by the 'safe' to family, with a share capital Giovanni Agnelli & C., which is distributed among 90 of the descendants of the founder, with John Elkann in the front row with about one third of the capital . In turn, controls the financial Ifi Ifil, which owns 30.45% of Fiat and other holdings including Intesa Sanpaolo, Banca Leonardo, Sequani, Sgs, Alpitour, Cushman & Wakefield and Juventus.

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The Daimler Group, which includes car brands Mercedes-Benz, Smart and Maybach, is likely to fall into the clutches of hedge funds. Or of those funds, colossal, operating from a speculative and that point to very fruitful economic returns through riskier investments.

In Germany it has been talked about more or less quietly for over a week. But to break out the case was yesterday, the weekly Focus. Some banks, according to the magazine, informed the group in Stuttgart that a foreign investor, taking advantage of low stock market value, is raking actions on actions.

The hypothetical climbing to the house of the star is helped by the collapse of the title in Frankfurt, rose from about 80 euros in November to 36.64 last Friday. Only to announce that the turnover of the group this year will suffer a sharp contraction, due to the crisis in consumption and the high-gas that led to a cut in the quarterly return of 25%, Daimler shares were depreciated Last week, 10 per cent.

It's the same reason that led the Bavarian firm Schaeffler launched a hostile takeover bid on Continental, the initiative made easier by the large fall in the title of the group in Hanover. Now, to stir up even more this summer in Germany, has added another Daimler. In Germany unscrupulous financial investors (this is not the case of the family Schaeffler) are nicknamed heuschrecke, ie "locusts." They found fertile ground in societies where there is a pool of investors who are able to block an attempted assault. Daimler, specifically, is particularly exposed to such offensive as the largest shareholder is the Emirate of Kuwait with 7.6% of the shares. The Chairman Dieter Zetsche, therefore, does not sleep easy though, as does the Journal know a spokesman in Stuttgart, "in this moment the group is not considered in the middle of climbing, we are satisfied with the composition of shareholding reference. Nonetheless, he adds, that in case of escalation "could not fight."

Stuttgart has meanwhile launched a program to purchase 10% of the capital (96.4 million of securities), for a maximum of 6 billion. The expiration of the operation is set to 8 April 2009, date of next general meeting of shareholders. The case Daimler us with the memory a few years ago when the Fiat, thanks to the Agnelli family, through the equity swap transaction followed the entry of banks converting shareholding, had removed to run the same risks today the Germans.

Like BMW, which just launched Friday the profit warning, Stuttgart also suffers in particular the American economic situation. The only consolation for Zetsche, is the positive impact on U.S. small-Smart: in 2008, according to the importer Roger Penske, sales will grow to 27,500 units from 20mila provided.

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