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    July 31, 2007

    Carmakers, airlines gain in Europe

    Filed under: Other, Deutsche Bank, DaimlerChrysler, Peugeot, Renault, BNP Paribas, Societe Generale, Agricole, Air France-KLM, Lufthansa, Siemens, Unibail, Man, Hypovereinsbank, Alcatel-Lucent

    European markets were significantly higher on Tuesday as they attempt to recover from last week’s declines.

    The FTSE Eurofirst 300 added 2.01 percent to 1,548.24.

    The Dax was 1.71 percent higher to 7,584.14 in Frankfurt, while the Paris CAC-40 gained 1.85 percent to 5,751.08 and Madrid’s IBEX jumped 2.03 percent to 14,802.4.

    Banks were mostly higher on the session.

    BNP Paribas (Euronext: BNP; TYO: 8665) was 3.1 percent higher to €81.73, while Societe Generale (Euronext: GLE) gained 3.17 percent to €127.44 and Credit Agricole (Euronext: ACA) was up 3.24 percent to €28.35.

    In Frankfurt, meanwhile, Deutsche Bank (FWB: DBK; NYSE: DB) gained 4.02 percent to €100.62 but HypoVereinsbank (FWB: HVM) was down 0.23 percent to €42.84.

    Airlines were higher, with Air France (Euronext: AF; NYSE: AKH) adding 3.07 percent to €33.29 and Lufthansa (FWB: LHA) gaining 3.36 percent to €20.65.

    Car and truck makers also saw gains.

    DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) was 3.45 percent higher to €66.69, while Peugeot (Euronext: UG; OTC; PEUGY) added 3.21 percent to €62.34 and Renault (Euronext: RNO) was up 4.65 higher to €107.06 on a broker upgrade from ABN Amro (Euronext: AAB; NYSE: ABN).

    Truck maker Man (FWB: EDF1) was the day’s best performer on the Dax with a gain of 4.28 percent to €107.09.

    Property investment company Unibail (Euronext: UL) had the best day on the CAC-40 as it added 5.88 percent to €175.30.

    There were few declines on the day, but in the telecommunications sector Alcatel-Lucent fell 9.28 percent to €8.70 on a disappointing earnings report based on costs that were merger-related.

    The worst performance on the Dax came from engineering group Siemens (FWB: SIE; NYSE: SI), which was 1.63 percent lower to €93.71 after rumors circulated that it would issue more shares.





    July 30, 2007

    Banks lower in Europe

    Filed under: Other, Deutsche Bank, Volkswagen, Peugeot, Renault, Societe Generale, Commerzbank, Michelin, Linde, Lagardere, Man

    The European markets were mixed on the session Monday.

    The Eurofirst 300 dropped 0.06 percent to 1,519.09, while the Paris CAC-40 added 0.04 percent to 5,646.36 and the Dax was up 0.6 percent to 7,456.31 in Frankfurt.

    In Madrid, the IBEX was 0.54 percent lower to 14,508.3.

    Banks were lower on the day, largely on concerns about their exposure to the subprime sector in the United States.

    Commerzbank (FWB: CBK) was the worst performer on the Dax, dropping 3.06 percent to €30.73 after it announced provisions it was making for possible losses due to exposure to the US subprime sector.

    Elsewhere in the sector, Deutsche Bank (FWB: DBK; NYSE: DB) was down 0.88 percent to €96.97 on the news that it is a finalist in the bidding for insurer Abbey Life, the closed life insurance unit of Lloyds TSB (LSE: LLOY).

    Societe Generale (Euronext: GLE) fell 1.77 percent to €123.52.

    Car and truck makers were mixed on the session.

    Peugeot (Euronext: UG; OTC: PEUGY) added 0.9 percent to €60.29, while Volkswagen (FWB: VOW; OTC: VLKAY) gained 2.95 percent to €128.46 after Unicredit (FWB: CRI; ISE: UC) raised its recommendation from “sell” to “hold”.

    Truck maker Man (FWB: EDF1) was 2.86 percent higher to €103.11.

    On the other hand, Renault (Euronext: RNO) dropped 0.83 percent to €102.40.

    In a related sector, tire maker Michelin (Euronext: ML) had the best day on the CAC-40 as it added 3.82 percent to €93.52.

    The best performer on the Dax was industrial gases group Linde (FWB: LIN), which gained 5.37 percent to €88.37 after it reported that profits were 5.9 percent higher in the second quarter and raised its full-year forecast.

    Media group Lagardere (Euronext: MMB) had the worst day in Paris, falling 1.92 percent to €58.20.





    July 27, 2007

    Semiconductors sector in gains

    Filed under: Other, Infineon, Volkswagen, BMW, Peugeot, Renault, Michelin, Metro, Carrefour, Lagardere, STMicroelectronics, Vivendi, Vinci, Bouygues

    Most European markets were also lower again on Friday.

    The main exception was the IBEX, which was 0.23 percent higher to 14,574 in Madrid.

    The FTSE Eurofirst 300 dropped 0.54 percent to 1,519.59. In Paris the CAC-40 was 0.55 percent lower to 5,643.96, while the Dax fell 0.76 percent to 7,451.68 in Frankfurt.

    The best performance on the session on the CAC-40 came from chipmaker STMicroelectronics (Euronext: STM; NYSE: STM), which added 1.44 percent to €12.66.

    Elsewhere in the semiconductors sector, Infineon (FWB: IFX; NYSE: IFX) was also higher, gaining 0.41 percent to €12.26.

    The Dax saw Volkswagen (FWB: VOW; OTC: VLKAY) rise to the top with a gain of 4.91 percent to €125.40.

    There were other gains in the automobile manufacturing sector as Renault (Eurnoext: RNO) was up 0.37 percent to €103.26 and Peugeot (Euronext: UG; OTC: PEUGY) added 1.17 percent to €59.75.

    Not all carmakers were higher however, as BMW (FWB: BMW) dropped 2.71 percent to €35.77.

    In a related sector, tire maker Michelin (Euronext: ML) had the worst day on the CAC-40 as it fell 3.72 percent to €90.08.

    The worst performance on the Dax came from retailer Metro, which dropped 2.99 percent to €56.39.

    Not all retailers saw declines, however, as Carrefour (Euronext: CA) added 0.62 percent to €51.64.

    The media sector was mixed.

    Vivendi (Euronext: VIV) added 0.29 percent to €31.53, while Lagardere (Euronext: MMB) was down 1.92 percent to €59.34 and Bouygues (Euronext: EN), which has interests in both media and construction, fell 2.09 percent to €57.61.

    Another construction group, Vinci (Euronext: DG), was 0.49 percent higher to €52.86.





    July 26, 2007

    Chems, utilities rise among many declines

    Filed under: Other, BMW, Peugeot, Renault, Michelin, Eon, RWE, BASF, Accor, Man, Altana, Vinci, Pernod Ricard

    European equities markets saw their biggest losses in five years On Thursday.

    The FTSE Eurofirst 300 dropped 2.62 percent to 1,530.56.

    Among continental markets, the Dax was 2.39 percent lower to 7,508.96, while the IBEX was down 2.66 percent to 14,540.4 in Madrid and the Paris CAC-40 fell 2.78 percent to 5,675.05.

    There were no winners reported on the CAC-40, while the best performance on the Dax came from electricity and natural gas utility RWE (FWB: RWE) only amounted to a gain of 1.49 percent to €79.52.

    Elsewhere on the Dax, rival utility Eon (FWB: EOA; LSE: EON; NYSE: EON) was 0.38 percent higher to €117.26.

    The chemicals sector was also a bit higher in Frankfurt as BASF (FWB: BFA; NYSE: BF) added 0.26 percent to €95.07 and Altana (FWB: ALT; NYSE: AAA) gained 0.7 percent to €17.35.

    Car and truck makers were lower on the session.

    BMW (FWB: BMW) was 2.62 percent lower to €36.73 and truck manufacturer Man (FWB: EDF1) fell 2.74 percent to €103.43, while Peugeot (Euronext: UG; OTC: PEUGY) was down 4.28 percent to €59.06 and Renault (Eurofirst: RNO) dropped 4.83 percent to €102.88.

    The worst performer on the CAC-40 was tire maker Michelin (Euronext: ML), which fell 6.07 percent to €93.56.

    Other decliners included hotels operator Accor (Euronext: AC), which was 4.75 percent lower to €62.95.

    Construction group Vinci (Euronext: DG) was down 4.93 percent to €52.60, while drinks maker Pernod-Ricard (Euronext: RI) dropped 5.18 percent to €152.59.





    July 25, 2007

    Siemens lower on sale, purchase

    Filed under: Other, DaimlerChrysler, Peugeot, Renault, STMicroelectronics, Siemens, Man, Vivendi, Fresenius Medical Care

    Most European markets saw declines for the second session in a row on Wednesday.

    The major exception was Madrid’s IBEX, which added 0.16 percent to 14,937.7.

    In Paris, the CAC-40 dropped 1.19 percent to 5,837.11, while the Dax was 1.46 percent lower to 7,692.55 in Frankfurt.

    The FTSE Eurofirst 300 fell 0.92 percent to 1,571.04.

    The biggest decliners on the day were in the semiconductors and engineering sectors.

    Engineering group Siemens (FWB: SIE; NYSE: SI) was down 5.98 percent to €99.34 in Frankfurt after it sold its auto parts unit for a price that was lower than had been anticipated and said at the same time that it will purchase American medical diagnostic products manufacturer Dade Behring Holdings (NAS: DADE) for $7 billion, a price analysts say is too high.

    Siemens’ decline came even though it reported that its net income was up by 54 percent in its fiscal third quarter from the same period last year.

    In Paris, meanwhile, STMicroelectronics (Euronext: STM; NYSE: STM) dropped 6.42 percent to €12.83 after it reported losses for the quarter.

    The biggest winner on the Dax was Fresenius Medical Care (FWB: FREG), which added 1.68 percent to €35.13 on news that the United States Congress is debating whether to expand Medicare dialysis coverage for senior citizens from 30 months to 42 months.

    Meanwhile, media group Vivendi (Euronext: VIV) was the best performer on the CAC-40 with a gain of 1.51 percent to €32.27.

    Carmakers were mixed on the session.

    In Frankfurt, DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) added 1.81 percent to €67.15 after it reported profits that were higher than expected from its Mercedes unit.

    On the other hand, Renault (Euronext: RNO) dropped 3.51 percent to €108.10 while Peugeot (Euronext: UG; OTC: PEUGY) fell 5.93 percent to €61.70 on profit-taking.

    Truck manufacturer Man (FWB: EDF1) was also lower, dropping 2.45 percent to €106.07.





    July 24, 2007

    Insurers, utilties lower in Europe

    Filed under: Other, Axa, BMW, Peugeot, Allianz, Deutsche Post, Eon, Suez, Total, STMicroelectronics, Man

    The European markets saw significant declines on Tuesday.

    The FTSE Eurofirst 300 dropped 1.4 percent to 1,587.23.

    The least of the losers in terms of percentage was the IBEX, which was down 0.98 percent to 14,909.7 in Madrid.

    In Paris the CAC-40 was 1.69 percent lower to 5,907.47, while the Dax fell 1.73 percent to 7,806.79 in Frankfurt.

    Car and truck manufacturers were among the few gainers on the session.

    In Paris, Peugeot (Euronext: UG; OTC: PEUGY) added 0.75 percent to €65.59 for the best performance of the day on the CAC-40.

    Meanwhile truck maker Man (FWB: EDF1) had the best day on the Dax as it added 1.54 percent to €109.02.

    Still, the sector remained mixed with BMW (FWB: BMW) down 2.18 percent to €38.15.

    Insurers had the worst day on both the Dax and the CAC-40.

    In Frankfurt Allianz (FWB: ALV; NYSE: AZ) dropped 2.44 percent to €164.07, while in Paris Axa (Euronext: CS; NYSE: AXA) fell 3.27 percent to €30.50.

    Utilities were also lower, with Eon (FWB: EOA; LSE: EON; NYSE: EON) down 2.12 percent to €120.03 and Suez (Euronext: SZE; NYSE: SZE) closing at €40.33, a decline of 2.58 percent.

    In the semiconductors sector, STMicroelectronics (Euronext: STM; NYSE: STM) was 2.63 percent lower to €13.71, while among oil companies Total (Euronext: FP; NYSE: TOT) fell 2.28 percent to €59.17.

    Deutsche Post (FWB: DPW; LSE: DPO) was down 2.26 percent to €22.07 after a report that United Parcel Service (NYSE: UPS) has seen strong growth internationally.





    July 23, 2007

    Carmakers see gains in Europe

    Filed under: Other, Infineon, DaimlerChrysler, Peugeot, Michelin, Suez, Carrefour, Total, SAP, Unibail, Alstom, Man, Altana, Cap Gemini

    Most European markets were higher on Monday.

    The FTSE Eurofirst 300 was 0.58 percent higher to 1,609.07.

    In Madrid, the IBEX added 0.85 percent to 15,056.7, while the CAC-40 gained 0.87 percent to 6,009.16 in Paris and the Dax was 0.88 percent higher to 7,944.21 in Frankfurt.

    Carmakers saw gains, with DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) up 2.73 percent to €66.82 ahead of its second quarter report.

    Peugeot (Euronext: UG; OTC: PEUGY) added 1.78 percent to €65.10 after a broker raised its target share price.

    On the other hand, truck manufacturer Man (FWB: EDF1) dropped 0.31 percent to €107.20.

    In a related sector, tire maker Michelin (Euronext: ML) had the best day on the CAC-40 as it gained 2.75 percent to €104.73.

    Meanwhile, the best performer on the Dax was software group SAP (FWB: SAP; NYSE: SAP), which was 2.85 percent higher to €41.07 on rumors that it could be a target of private equity.

    In energy-related sectors, utility Suez (Euronext: SZE; NYSE: SZE) was up 1.42 percent to €41.40, while power generator Alstom (Euronext: ALO) gained 1.52 percent to €136.59.

    In the oil sector, Total (Euronext: FP; NSYE: TOT) added 1.82 percent to €60.55.

    The worst performances of the day came from Infineon (FWB: IFX; NYSE: IFX), which was 0.62 percent lower in Frankfurt to €12.87, and property company Unibail (Euronext: UL), which dropped 1.75 percent to €184.86 in Paris.

    Other decliners included chemical group Altana (FWB: ALT; NYSE: AAA), which was 0.34 percent lower to €17.61.

    IT services group Cap Gemini (Euronext: CAP) fell 0.55 percent to €55.64, while in the retail sector Carrefour (Euronext: CA) was down 0.19 percent to €53.26.





    July 20, 2007

    European builders see declines

    Filed under: Other, Volkswagen, DaimlerChrysler, Peugeot, BNP Paribas, Societe Generale, Commerzbank, Schering, Sanofi-Aventis, Total, Lafarge, Vinci, Vallourec

    European markets saw big losses on the session Friday as investors worried about problems in the US housing sector.

    The FTSE Eurofirst 300 dropped 1.16 percent to 1,599.63. In Frankfurt the Dax was 1.46 percent lower to 7,874.85, while the CAC-40 fell 1.79 percent to 5,957.16 in Paris.

    Madrid’s IBEX dropped 1.82 percent to 14,930.1.

    The Dax and the CAC-40 each had only two gainers on the session.

    The best performer on the Dax was in the pharmaceuticals sector, where Schering (FWB: SCH) added 0.28 percent to €104.83.

    The other gainer there was Volkswagen (FWB: VOW; OTC: VLKAY), which gained 0.21 percent to €121.79.

    In Paris, meanwhile, the automobile manufacturing sector had the biggest winner of the day as Peugeot (Euronext: UG; OTC: PEUGY) was up 1.36 percent to €63.96.

    Carmakers remained mixed, however, as DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) fell 2.47 percent to €65.16.

    As on the Dax, the other gainer of the day on the CAC-40 was in the pharmaceuticals sector.

    Sanofi (Euronext: SAN; NSYE: SNY) was 0.32 percent higher to €62.46.

    The worst performance came from steel good manufacturer Vallourec (Euronext: VK), which was 4.89 percent lower to €216.18 on the news that it will sell two firms to Arcelor-Mittal (Euronext: MT; NYSE: MT).

    The construction sector in Paris was lower, with Vinci (Euronext: DG) down 2.48 percent to €55.77 and Lafarge (Euronext: LG) falling 3.64 percent to €126.75.

    Banks also declined.

    Societe Generale (Euronext: GLE) was 2.29 percent lower to €135.54, while Commerzbank (FWB: CBK) was down 2.77 percent to €33.73 on concerns about the US housing market and BNP Paribas (Euronext: BNP; TYO: 8665) dropped 2.99 percent to €84.24.

    In the oil sector, Total (Euronext: FP; NSYE: TOT) fell 2.73 percent to €59.47.





    July 19, 2007

    Dax adds 1.24 percent on session

    Filed under: Other, BMW, Peugeot, ThyssenKrupp, EDF, SAP, STMicroelectronics, Siemens, Vinci, Pernod Ricard, Cap Gemini

    Equities markets in Europe were higher on Thursday, with the FTSE Eurofirst 300 rising 0.92 percent to 1,617.76.

    The IBEX added 0.99 percent to 15,207.3 in Madrid, while the Paris CAC-40 gained 1.16 percent to 6,065.5 and the Dax was 1.24 percent higher in Frankfurt to 7,991.21.

    The best performer on the Dax on the session was software group SAP (FWB: SAP; NYSE: SAP), which gained 6.06 percent to €40.14 after it reported that software licensing sales were up 18 percent in the second quarter.

    IT Services company Cap Gemini (Euronext: CAP) had the best day in Paris, adding 3.95 percent to €57.11.

    Other gainers on the session included STMicroelectronics (Euronext: STM; NYSE: STM), which was 2.14 percent higher to €14.34 and builder Vinci (Euronext: DG), which was up 2.13 percent to €57.19.

    Engineering group Siemens (FWB: SIE; NYSE: SI) gained 2.85 percent to €108.35, while in the steel sector ThyssenKrupp (FWB: TKA; LSE: THK) added 1.7 percent to €44.34.

    The automobile manufacturing sector was mixed, with Peugeot (Euronext: UG; OTC: PEUGY) up 2.29 percent to €63.10 but BMW (FWB: BMW) down 0.08 percent to €38.94.

    There were only two decliners on the CAC-40.

    Drinks maker Pernod-Ricard (Euronext: RI) dropped 0.04 percent to €164.53, while utility EDF (Euronext: EEN) fell 0.63 percent to €77.02.





    July 18, 2007

    Automakers biggest losers in Europe

    Filed under: Other, DaimlerChrysler, BMW, Peugeot, Renault, Schering, Accor, Linde, Bayer, Unibail, Pernod Ricard

    European equities were lower on Wednesday, in some cases significantly lower on the session.

    The FTSE Eurofirst 300 dropped 1.09 percent to 1,605.06.

    In Madrid, the IBEX fell 0.63 percent to 15,058.6, while the Paris CAC-40 was 1.69 percent lower to 5,995.97 and the Dax dropped 1.8 percent to 7,893.61 in Frankfurt.

    Carmakers were the worst performers both on the Dax and in Paris.

    In Frankfurt, DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) dropped 3.09 percent to €66.51 for the worst performance on the Dax, with BMW (FWB: BMW) right behind it for the second worst of the day as it fell 2.54 percent to €39.07.

    Meanwhile in Paris, Peugeot (Euronext: UG; OTC: PEUGY) was the biggest loser, dropping 3.05 percent to €61.69.

    Renault (Euronext: RNO) was also lower, falling 2.8 percent to €112.50.

    The carmakers were hurt by the strength of the euro, which makes exports more expensive.

    Also seeing declines were hotels operator Accor (Euronext: AC), which was 2.95 percent lower to €68.10 after it reported low growth in the US.

    Industrial gases group Linde (FWB: LIN) was down 2.48 percent to €87.28, while pharmaceuticals giant Bayer (FWB: BAY; NYSE: BAY; TYO: 4863) dropped 2.18 percent to €55.77.

    On the other hand, Schering (FWB: SCH) was 0.08 percent higher to €104.27 as the only gainer on the Dax for the day.

    There were only two gainers on the day in Paris.

    Property group Unibail (Euronext: UL) was up 0.41 percent to €187.25, while drinks group Pernod-Ricard (Euronext: RI) had the best performance of the day on the 40, adding 0.59 percent to €164.59.





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