Bloomberg News

Banco Bilbao, Fiat, Intesa Sanpaolo: European Equity Preview

June 14, 2011

June 14 (Bloomberg) -- The following companies’ shares may be active in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index rose 0.2 to 268.71. The Stoxx 50 Index climbed 0.3 percent to 2,516.12. The Euro Stoxx 50 Index, a benchmark for nations using the euro, advanced 0.1 percent to 2,733.95.

Banco Bilbao Vizcaya Argentaria SA (BBVA SM): The risk premium charged on Spanish bonds compared with benchmark German securities limits the country’s ability to grow and create jobs, making steps to boost confidence in the county “urgent,” said Francisco Gonzalez, chairman of Spain’s second-biggest bank by assets. The shares fell 0.1 percent to 7.56 euros.

Fiat SpA (F IM): Sergio Marchionne, chief executive officer at Italy’s largest carmaker, is scheduled to speak at the presentation of the Fiat Freemont car in Gavi, Italy. The shares dropped 0.1 percent to 7.13 euros.

Intesa Sanpaolo SpA (ISP IM): Italy’s second-biggest bank said 99.8 percent of shares offered in its capital increase were taken up, raising 4.99 billion euros for the bank. Shares were unchanged at 1.76 euros.

--Editor: Joanna Ossinger

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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