neben dem sehr bullischen sentiment macht wohl auch die dollarstärke etwas zu schaffen. darüber hinaus belasten asien, griechenland und citigroup
snippets from Bloomberg:
"Europe’s single currency weakened for a third day after S&P joined Fitch Ratings in downgrading Greece, which has the widest budget deficit in the European Union. S&P lowered the ranking by one level to BBB+ from A-, matching Fitch’s cut on Dec. 8. Greek Prime Minister George Papandreou pledged two days ago to provide “radical” measures to fix the budget.
Greek 10-year government bonds opened lower, sending the yield up 7 basis points to 5.58 percent as of 7:33 a.m. in London. The two-year note yield increased 2 basis points to 3.19 percent."
"Dec. 17 (Bloomberg) -- Citigroup Inc., the last of the four largest U.S. banks to seek funds to exit a taxpayer bailout, raised $17 billion by selling stock for a price so low that the U.S. delayed plans to shrink its one-third stake in the lender.
Citigroup sold 5.4 billion shares at $3.15 apiece, less than the $3.25 the government paid when it acquired its stake in September. The New York-based bank said the Treasury won’t sell any of its shares for at least 90 days.
Investors demanded a bigger discount from Citigroup than Bank of America Corp. or Wells Fargo & Co., which together raised more than $31 billion this month to exit the Troubled Asset Relief Program. Wells Fargo, which trumped Citigroup’s bid to buy Wachovia Corp. last year, leapfrogged its rival by completing a $12.25 billion share sale Dec. 15. JPMorgan Chase & Co. repaid $25 billion in June.
“The market cast its vote and they’re low down on the ballot,” said Douglas Ciocca, a managing director at Renaissance Financial Corp. in Leawood, Kansas. “Citigroup needs to show steps to reinstall the quality of the brand.”
With the sale, Citigroup’s common shares outstanding increased to 28.3 billion. That’s up from 22.9 billion as of Sept. 30 and 5 billion at the end of 2007.
“More shares outstanding means less value per share,” said Edward Najarian, an analyst at International Strategy and Investment Group in New York, who has a “hold” rating on the shares. “The whole structure of their deal to pay back TARP wasn’t very good for common shareholders and that is being reflected in the pricing.” " |
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