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    October 10, 2007

    EADS gains on new contract

    Filed under: Other, Deutsche Bank, Volkswagen, Renault, Societe Generale, Agricole, ThyssenKrupp, Air France-KLM, Eon, EDF, Lufthansa, EADS, Mittal Steel, Man

    European markets were mixed on Wednesday, with most seeing slight gains.

    However, the Paris CAC-40 fell a bit, down 0.04 percent to 5,838.49.

    The FTSE Eurofirst 300 added 0.12 percent to 1,589.53, while Madrid’s IBEX was up 0.01 percent to 14,863.8 and the Dax gained 0.08 percent to 7,986.57.

    Aerospace group EADS (Euronext: EAD; FWB: EAD) was 1.56 percent higher in Paris to €22.80 on the news that a Singapore airline had ordered 30 Airbus SAS A320 aircraft, with an option to purchase 20 more.

    Airlines were also higher.

    Lufthansa (FWB: LHA) was up 1.3 percent to €21.22 on increased passenger traffic in September after the airline added flights in several regions of the world, Air France (Euronext: AF; NYSE: AKH) gained 1.55 percent to €28.87.

    Utilities and the steel sector were mixed.

    EDF (Euronext: EEN) up 0.96 percent to €77.60 but Eon (FWB: EOA; LSE: EON; NYSE: EON) dropped 0.8 percent to €127.55.

    Mittal Steel (Euronext: MT; NYSE: MT) added 1.42 percent to €55.57, while ThyssenKrupp (FWB: TKA; LSE: THK) was 1.19 percent lower to €44.12 on a broker recommendation that was dropped from “hold” to “sell”.

    Among car and truck makers, Man (FWB: EDF1) was 1.8 percent higher to €120.76 and Volkswagen (FWB: VOW; OTC: VLKAY) gained 1.65 percent to €175.47, but Renault (Euronext: RNO) dropped 1.41 percent to €111.84.

    Banks were lower.

    Deutsche Bank (FWB: DBK; NYSE: DB) was 0.73 percent lower to €93.88, while Societe Generale (Euronext: GLE) was down 1.27 percent to €124.89 and Credit Agricole (Euronext: ACA) dropped 2.1 percent to €27.93.





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