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    July 5, 2007

    Carrefour gains in Paris

    Filed under: Other, Axa, Allianz, Eon, Sanofi-Aventis, Metro, Carrefour, EDF, EADS, Alstom, MLP

    In Europe, equities markets were lower on Thursday on interest rate concerns.

    While the European Central Bank held interest rates at 4 percent, as had been expected, investors are worried that rates could go up again soon.

    The FTSE Eurofirst 300 dropped 0.61 percent to 1,610.24. The IBEX was 0.55 percent lower in Madrid to close at 14,907.4, while the Paris CAC-40 fell 0.63 percent to 6,059.53 and the Dax was down 1.09 percent to 7,987.13 in Frankfurt.

    There were only four gainers in Paris on the session, with retailer Carrefour (Euronext: CA) having the best day with a gain of 2.81 percent to €54.23.

    Others seeing gains included aerospace group EADS (Euronext: EAD; FWB: EAD) up 0.21 percent to €24.10.

    Drug maker Sanofi-Aventis (Euronext: SAN; NYSE: SNY) gained 0.44 percent to €61.44, while power generator Alstom (Euronext: ALO) added 0.89 percent to €128.03.

    In Frankfurt, financial planner MLP (FWB: MLP) performed best on the session as it added 0.52 percent to €15.44, while retailer Metro (FWB: MEO) gained 0.41 percent to €62.01.

    The biggest losers on the day in both Pairs and Frankfurt were in the utilities sector.

    In Frankfurt, Eon (FWB: EOA; LSE: EON; NYSE: EON) dropped 2.38 percent to €121.51, while EDF (Euronext: EEN) was 3.7 percent lower in Paris, to €77.52.

    Insurers had a tough day of it as well. AXA (Euronext: CS; NYSE: AXA) was 1.23 percent lower to €32.12, while Allianz (FWB: ALV; NYSE: AZ) dropped 1.76 percent to €171.21.





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