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    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.





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