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    August 31, 2007

    Infineon has best day on Dax

    Filed under: Other, Infineon, Eon, Suez, Metro, Carrefour, EDF, Gaz de France, Siemens, Vivendi, PPR

    European markets were higher again Friday, helped by talk of a plan to allow the US Federal Housing Authority to guarantee loans for delinquent subprime mortgage holders so that they can refinance their loans at better rates and avoid foreclosure, on the theory that the plan will help relieve chaos in the mortgage marked and improve consumer confidence.

    The FTSE Eurofirst 300 was up 1.12 percent to 1,532.34. Madrid’s IBEX added 1.16 percent to 14,479.8, while the CAC-40 gained 1.25 percent to 5,662.7 and the Dax was 1.57 percent higher to 7,638.17.

    In the retail sector, luxury goods group PPR (Euronext: PPR) had the best day on the CAC-40 as it added 4.14 percent to €126.90.

    The top spot on the Dax, meanwhile, was taken by chipmaker Infineon (FWB: IFX; NYSE: IFX), which gained 3.72 percent to €11.44 after US computer maker Dell (NAS: DELL; SEHK: 4331) reported strong results.

    Other gainers included engineering group Siemens (FWB: SIE; NYSE: SI), which was 2.47 percent higher to €91.93.

    Utilities were mixed.

    Suez (Eurofirst: SZE; NYSE: SZE) added 1.8 percent to €41.74, while Eon (FWB: EOA; LSE: EON; NYSE: EON) gained 2.48 percent to €123.17 and Gaz de France (Euronext: GAZ) was up 3.95 percent to €36.80.

    On the other hand, EDF (Euronext: EEN) was 0.75 percent lower to €74.12.

    There were only two other losers on the CAC-40 on the session.

    Retailer Carrefour (Euronext: CA) fell 1.5 percent to €51.37, while media group Vivendi (Euronext: VIV) had the worst day on the CAC-40 with a decline of 1.74 percent to €30.01 on slow earnings growth.

    Retailer Metro (FWB: MEO) was the worst performer on the Dax with a delcine of 1.01 percent to €63.44.





    August 30, 2007

    Utilities gain in Paris

    Filed under: Other, Deutsche Bank, Infineon, Agricole, Air France-KLM, Suez, Metro, Gaz de France, Lufthansa, STMicroelectronics, Alstom, Fresenius Medical Care, Air Liquide

    European equities markets were higher on the session.

    The FTSE Eurofirst 300 added 1.15 percent to 1,515.76.

    In Madrid, the IBEX gained 0.92 percent to 14,313.4, while the Dax was up 1.09 percent to 7,519.94 in Frankfurt and the Paris CAC-40 was 1.31 percent higher to 5,592.53.

    Utilities were up in Paris, with Suez (Euronet: SZE; NYSE: SZE) gaining 5.32 percent to €41 for the best performance on the CAC-40.

    Gaz de France (Euronext: GAZ) was right behind, adding 3.84 percent to €35.40.

    On the other hand, power generator and manufacturer Alstom (Euronext: ALO) dropped 0.05 percent to €128.96.

    The best performance on the Dax came from retailer Metro (FWB: MEO), which added 4.54 percent to €64.26.

    The semiconductors sector was higher.

    Infineon (FWB: IFX; NYSE: IFX) was up 2.9 percent to €11.02, while STMicroelectronics (Euronext: STM; NYSE: STM) was 3.72 percent higher to €12.65.

    Industrial gases groups gained ground as well.

    Air Liquide (Euronext AI) added 1.77 percent to €92.34 and Linde (FWB: LIN) gained 2.15 percent to €86.02.

    Airlines were mixed.

    Air France (Euronext: AF; NYSE: AKH) was up 2.7 percent to €29.71, but Lufthansa (FWB: LHA) fell 0.37 percent to €21.31. Banks were also mixed.

    Credit Agricole (Euronext: ACA) gained 2.31 percent to €2.31 to €27.51, while Deutsche Bank (FWB: DBK; NYSE: DB) was 0.12 percent lower to €89.89.

    Fresenius Medical Care (FWB: FREG) was the worst performer on the Dax, with a decline of 0.64 percent to €35.46.





    August 29, 2007

    Accor adds almost 6 percent on session

    Filed under: Other, DaimlerChrysler, Peugeot, Renault, Eon, Metro, Carrefour, EDF, Accor, Lufthansa, Man

    European markets were higher Wednesday after Tuesday’s losses.

    The FTSE Eurofirst 300 was up 0.47 percent to 1,497.28.

    In Frankfurt, the Dax gained 0.12 percent to 7,439.18.

    Madrid’s IBEX added 0.42 percent to 14,183.6, while the CAC-40 was up 0.84 percent to 5,520.02 in Paris.

    Hotels operator Accor (Euronext: AC) was the best performer on the CAC-40, adding 5.86 percent to €62.91 on first half profits that were more than double and on the announcement of a stock buyback worth €500 million.

    Airline Lufthansa had the best day on the Dax, gaining 3.29 percent to €21.28. Retailers saw gains.

    German retailer Metro (FWB: MEO) was up 2.9 percent to €61.36, while Carrefour (Euronext: CA) added 3.39 percent to €52.14. The car and truck manufacturing sector was mixed.

    In Paris, Peugeot (Euronext: UG; OTC; PEUGY) dropped 0.34 percent to €60.70 and Renault (Euronext: RNO) was the worst performer on the CAC-40 as it fell 2.34 percent to €97 after its CEO said that “unprecedented” growth would be needed if it is to meet its goals for 2009.

    In Germany, however, Daimler Chrysler (FWB: DCX; NYSE: DCX; TYO: 7663) was up 0.9 percent to €63.26 after it raised its profits forecast and announced a stock buyback that could be worth as much as €7.5 billion.

    Truck maker Man (FWB: EDF1) was 1.16 percent higher to €101.45.

    Utilities declined on the session, with EDF (Euronext: EEN) 0.05 percent lower to €73.90 and Eon (FWB: EOA; LSE: EON; NYSE: EON) down 0.54 percent to €118.60.





    August 28, 2007

    CAC-40 drops more than 2 percent

    Filed under: Other, Deutsche Bank, Axa, BNP Paribas, Societe Generale, Agricole, Air France-KLM, Eon, RWE, Lufthansa, Lagardere, Siemens, Vinci

    European markets declined substantially on Tuesday after over a week of steady gains.

    The FTSE Eurofirst 300 dropped 1.81 percent to 1,488.92. In Frankfurt, the Dax fell 0.74 percent to 7,430.24.

    Madrid’s IBEX was 1.26 percent lower to 14,124.8, while the CAC-40 was down 2.08 percent to 5,474.17.

    Banks saw substantial declines, with BNP Paribas (Euronext: BNP; TYO: 8665) in the biggest drop on the CAC-40, falling 3.36 percent to €75.86.

    Societe Generale (Euronext: GLE) dropped 2.88 percent to €116.54, while Credit Agricole (Euronext: ACA) was 2.81 percent lower to €26.97.

    Deutsche Bank (FWB: DBK; NYSE: DB) was down 1.7 percent to €90.05, its lowest level in nearly a year.

    Other decliners included engineering group Siemens (FWB: SIE; NYSE: SI), which fell 1.91 percent to €88.94 in advance of a meeting between German and US investigators in regard to a corruption probe at the company.

    Insurer Axa (Euronext: CS; NYSE: AXA) dropped 3.05 percent to €28.90, while builder Vinci (Euronext: DG) was 2.99 percent lower to €50.32.

    Airlines were mixed, with Lufthansa (FWB: LHA) up 0.29 percent to €20.64 but Air France down 3.13 percent to €28.52.

    Media group Lagardere (Euronext: MMB) was the only gainer on the CAC-40 as it added 0.8 percent to €57.87.

    Utilities were higher in Frankfurt. RWE (FWB: RWE) was up 0.37 percent to €80.65, while Eon was 1.2 percent higher to €119.87 for the biggest gain on the Dax.





    August 27, 2007

    Banks gain in mixed day in Europe

    Filed under: Other, Deutsche Bank, Infineon, Volkswagen, DaimlerChrysler, Renault, BNP Paribas, Agricole, Commerzbank, Air France-KLM, STMicroelectronics, Alstom, Iberia, Man

    European markets were mixed on the day.

    The FTSE Eurofirst 300 added 0.33 percent to 1,514.43, while in Paris the CAC-40 gained 0.38 percent to 5,590.54.

    On the other hand, Madrid’s IBEX fell 0.2 percent to 14,305.5 while the Dax dropped 0.28 percent to 7,485.99 in Frankfurt.

    Banks were higher.

    Commerzbank (FWB: CBK) was up 0.41 percent to €29.59 and Deutsche Bank (FWB: DBK; NYSE: DB) was 0.55 percent higher to €91.53, while Credit Agricole (Euronext: ACA) added 0.95 percent to €27.75 and BNP Paribas (Euronext: BNP; TYO: 8665) gained 1.02 percent to €78.50.

    The automobile manufacturing sector also saw gains.

    DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) was up 0.1 percent to €63.12 after having been as much as 1.6 percent higher earlier in the session.

    Volkswagen (FWB: VOW; OTC: VLKAY) added 0.68 percent to €150.06, while Renault gained 1.6 percent to €101.85 on a report that it will form a “strategic partnership” with General Motors’s (NYSE: GM) Opel division that is expected to save money for both companies.

    On the other hand, truck maker Man (FWB: EDF1) dropped 1.16 percent to €102.39.

    Airlines were mixed, with Air France (Euronext: AF; NYSE: AKH) 0.79 percent higher to €29.44 but Iberia Lineas Aereas de Espana down 1.8 percent to €3.24 after news that a bid from British Airways (LSE: BA; NYSE: BAB) and TPG Inc could be cut back. The semiconductors sector saw declines.

    STMicroelectronics (Euronext: STM; NYSE: STM) was down 0.24 percent to €12.40, while Infineon (FWB: IFX; NYSE: IFX) fell 1 percent to €10.92.

    Power generator and manufacturer Alstom (Euronext: ALO) gained 0.7 percent to €130.13 on the news that it won two new contracts to make power turbines for power plants in the UK an the United Arab Emirates.





    August 24, 2007

    Financial services groups see declines

    Filed under: Other, Peugeot, Allianz, BNP Paribas, Societe Generale, Agricole, Commerzbank, Saipem, Total, Dexia, Man, Lafarge, MLP

    European markets were mostly higher, but the Dax dropped 0.06 percent to 7,507.27 in Frankfurt.

    The FTSE Eurofirst 300 added 0.34 percent.

    In Madrid, IBEX was up 0.29 percent to 14,334.4 while the Paris CAC-40 gained 0.83 percent to 5,569.38.

    Banks and other financials service groups saw declines on the session.

    Credit Agricole (Euronext: ACA) fell 0.11 percent to €27.49, while Societe Generale (Euronext: GLE) was down 0.33 percent to €119.24, Dexia (Euronext: DEXB; Euronext: DX) dropped 0.5 percent to €19.86 and BNP Paribas (Euronext: BNP; TYO: 8665) was down 0.88 percent to €77.71 for the worst performance on the CAC-40.

    Commerzbank (FWB: CBK) was 1.01 percent lower to €29.40.

    Insurer Allianz (FWB: ALV; NYSE: AZ) fell 0.92 percent to €157.22, while financial planner MLP (FWB: MLPG) had the worst day on the Dax with a decline of 2.67 percent to €12.02.

    Truck manufacturer Man (FWB: EDF1) was the best performer on the Dax, adding 4.46 percent to €103.59.

    Elsewhere in motor vehicle manufacturing, Peugeot (Euronext: UG; OTC: PEUGY) gained 1.55 percent to €61.11.

    Other gainers included cement maker Lafarge, which was up 1.42 percent to €115.09, helped by a US Commerce Department report that showed new home sales gained 2.8 percent in July over the previous month.

    In the oil sector, Total (Euronext: FP; NYSE: TOT) added 1.39 percent to €54.14 and Saipem (ISE: SPM) gained 3.9 percent to €26.33 as crude oil prices saw gains.





    August 23, 2007

    Peugeot lower on recall

    Filed under: Other, Deutsche Bank, Infineon, Volkswagen, Peugeot, Agricole, Deutsche Borse, STMicroelectronics, Lafarge, Vinci, MLP

    Most equities markets were higher in Europe on Thursday, but in Madrid the IBEX dropped 0.46 percent to 14,292.5.

    The FTSE Eurofirst 300 added 0.38 percent to 1,511.08, while the CAC-40 was up a bare 0.09 percent to 5,523.33 and the Dax gained 0.15 percent to 7,511.96 in Frankfurt.

    Some carmakers were lower on the day.

    Peugeot (Euronext: UG; OTC: PEUGY) was down 0.86 percent to €60.18 after it issued a recall for 240,000 cars, while Volkswagen (FWB: VOW; OTC: VLKAY) fell 1.2 percent to €149.62.

    Chipmakers saw declines as STMicroelectronics (Euronext: STM; NYSE: STM) dropped 0.64 percent to €12.36 and Infineon (FWB: IFX; NYSE: IFX) was 1.16 percent lower to €11.05.

    Among banks, Deutsche Bank (FWB: DBK; NYSE: DB) was the biggest loser on the Dax as it fell 2.12 percent to €91.17.

    In Paris, Credit Agricole (Euronext: ACA) dropped 0.65 percent to €27.52.

    However, elsewhere within financial services, financial planner MLP (FWB: MLPG) had the best day on the Dax as it added 4.3 percent to €12.43.

    Construction-related shares were higher, with construction materials group Lafarge (Euronext: LG; NYSE: LR) leading the CAC-40 as it added 2.2 percent to €113.48.

    Builder Vinci was 1.24 percent higher to €51.63.

    Other gainers on the day included Deutsche Boerse (FWB: DB1), which was up 2.74 percent to €81.53 on consolidation within the sector.





    August 22, 2007

    Builder Vinci adds over 6 percent

    Filed under: Other, Infineon, ThyssenKrupp, Air France-KLM, RWE, Lufthansa, SAP, Mittal Steel, Vinci, Vallourec, Fresenius, Bouygues

    European markets were higher on the session Wednesday.

    The Eurofirst 300 gained 1.57 percent to 1,505.51.

    In Madrid the IBEX added 0.84 percent to 14,359.2, while the Dax was 1.02 percent higher to 7,500.48 in Frankfurt and the Paris CAC-40 was up 1.83 percent to 4,418.17 and had no losers on the day.

    The biggest gainer on the day in Paris was construction group Vinci (Euronext: DG), which added 6.41 percent to €51.

    Buoygues (Euronext: EN), which has interests in both construction and media, gained 4.05 percent to €53.93.

    The steel sector was also higher.

    ThyssenKrupp (FWB: TKA; LSE: THK) was 2.14 percent higher to €41.92, while Mittal Steel (Euronext: MT; NYSE: MT) was up 4.98 percent to €44.45.

    In addition Vallourec (Euronext: VK), which manufactures steel products, was up 4.47 percent to €190.71.

    In the semiconductors sector Infineon (FWB: IFX; NYSE: IFX) gained 2.76 percent to €11.17 on the news that it is looking to buy.

    Among airlines, Lufthansa (FWB: LHA) added 2.29 percent to €20.64, while Air France (Euronext: AF; NYSE: AKH) was up 3.82 percent to €29.38.

    Fresenius Medical Care (FWB: FREG) was the biggest decliner on the Dax, dropping 1.89 percent to €34.85.

    Other decliners included utility RWE (FWB: RWE), which fell 0.44 percent to €80.65.

    Software maker SAP (FWB: SAP; NYSE: SAP) was 0.21 percent lower to €38.71.





    August 21, 2007

    Banks, utilities oil sector lower

    Filed under: Other, Deutsche Bank, Volkswagen, Renault, Agricole, Repsol, Air France-KLM, Eon, Carrefour, EDF, Total, Banco Santander Central Hispano, Bayer, Acciona, Dexia, Alstom, Man, PPR, Banco Bilbao

    European markets were mixed Tuesday.

    The FTSE Eurofirst 300 was 0.15 percent lower to 1,479.61.

    While the Dax and the CAC-40 were higher, by 0.23 percent to 7,424.75 and by 0.36 percent to 5,418.78 respectively, Madrid’s IBEX fell 0.21 percent to 14,239.8.

    Credit Agricole (Euronext: AGA) was 0.26 percent lower to €27.82, while Spain’s Banco Santander (IBEX-35: SAN; NYSE: STD; LSE: BNC) dropped 0.5 percent to €13.39, Deutsche Bank (FWB: DBK; NYSE: DB) fell 0.81 percent to €92.38, Banco Bilbao (IBEX-35: BBVA; NYSE: BBV) was down 1.1 percent to €16.80 and Dexia (Euronext: DEXB; Euronext: DX) dropped 1.76 percent to €19.59 for the worst performance of the day on the CAC-40.

    Utilities were also lower.

    EDF (Euronext: EEN) was down 0.66 percent to €70.40, while Eon (FWB: EOA; NYSE: EON; LSE: EON) fell 1.14 percent to €117.47. Power generator Alstom (Euronext: ALO) was 0.15 percent lower to €122.19.

    The oil sector was down as oil prices fell as Hurricane Dean seemed to become less of a threat to Gulf of Mexico oil facilities.

    Total (Euronext: FP; NYSE: TOT) dropped 0.4 percent to €52.47, while Repsol (IBEX-35: REP) was 0.8 percent lower to €26.03.

    Car and truck makers were mixed.

    While Volkswagen (FWB: VOW; OTC: VLKAY) added 2.09 percent to €150.74, Renault (Euronext: RNO) fell 0.64 percent to €94.29 and Man (FWB: EDF1) was down 0.89 percent to €94.17.

    The best performance on the day on the Dax came from drug maker Bayer (FWB: BAY; NYSE: BAY; TYO: 4863), which added 3.82 percent to €56.72 on continuing rumors that Novartis (NYSE: NVS) is about to make an offer.

    Air France had the best day on the CAC-40 with a gain of 3.66 percent to €28.30.

    The retail sector saw gains in Paris.

    Luxury goods retailer PPR (Euronext: PP), whose subsidiaries include Gucci, was 1.12 percent higher to €115.73, while Carrefour (Euronext: CA) added 1.65 percent to €48.79.





    August 20, 2007

    Most European utilites see gains

    Filed under: Other, Deutsche Bank, Societe Generale, ThyssenKrupp, Air France-KLM, Iberdrola, Suez, RWE, EDF, Deutsche Telekom, Deutsche Borse, Telefonica, Mittal Steel, Alstom, Hypovereinsbank, Alcatel-Lucent

    European equities markets saw gains on Monday.

    The FTSE Eurofirst 300 was 0.54 percent higher to 1,481.43, with Madrid’s IBEX adding 0.22 percent to 14,269.1, the Dax up 0.4 percent to 7,407.53 in Frankfurt, and the Paris CAC-40 gaining 0.67 percent to 5,399.38.

    Utilities were mostly higher.

    The exception was RWE (FWB: RWE), which fell 1.2 percent to €80.72 in Frankfurt.

    In Spain, Iberdrola (IBEX-35: IBE) added 0.6 percent to €39.27.

    Among Paris-listed utilities Suez (Euronext: SZE; NYSE: SZE) was 1.56 percent higher to €37.65 and EDF (Euronext: EEN) was 2.18 percent higher to €70.87, while power generator Alstom (Euronext: ALO) had the best day on the CAC-40 with a gain of 3.54 percent to €122.37.

    The telecommunications sector was also higher.

    Spain’s Telefonica (IBEX-35: TEF; Euronext: TEF; NYSE: TEF; LSE: TDE; FWB: TEF; TYO: 9481) was 0.4 percent higher to €17.43 on the news that its O2 unit in German will drop its Internet services fee to a flat monthly rate.

    Alcatel-Lucent (Euronext: ALU; NYSE: ALU; TYO: 6687) was up 1.81 percent to €7.87, while Deutsche Telekom (FWB: DTE; NYSE: DT; LSE: DEU; TYO: 9496) gained 2.12 percent to €13.45. The steel sector made gains.

    ThyssenKrupp (FWB: TKA; LSE: THK) gained 2.05 percent to €40.88, while Mittal Steel (Euronext: MT; NYSE: MT) was 3.43 percent higher to €41.28.

    Banks were mixed.

    While HypoVereinsbank (FWB: HVM) was 1.1 percent higher to €40.21, Deutsche Bank (FWB: DBK; NYSE: DB) was the worst performer on the Dax with a drop of 1.45 percent to €93.30.

    On the CAC-40, Societe Generale (Euronext: GLE) fell 0.18 percent to €117.95.

    The worst performance on the session on the CAC-40, however, came from Air France (Euronext: AF; NYSE: AKH), which fell 0.8 percent to €27.30.

    Deutsche Boerse (FWB: DB1) had the best day on the Dax with a gain of 3.51 percent to €79.75.





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