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    October 17, 2007

    IBEX gains almost 1 percent on session

    Filed under: Other, Infineon, ASML, ThyssenKrupp, Eon, Suez, Gaz de France, STMicroelectronics, Mittal Steel, Groupe Danone

    Markets in Europe were higher on Wednesday.

    The FTSE Eurofirst 300 added 0.49 percent to 1,583.69.

    In Frankfurt the Dax gained 0.29 percent to 7,985.41, while the Paris CAC-40 was up 0.77 percent to 5,818.8 and the IBEX jumped 0.99 percent to 15,430.5 in Madrid.

    Food processor Groupe Danone (Euronext: BN; NYSE: DA) was the best performer on the CAC-40, adding 3.58 percent to €56.15 after it said sales were up 7 percent over the past 9 months.

    Semiconductors group Infineon (FWB: IFX; NYSE: IFX) had the best day over on the Dax, gaining 2.13 percent to €11.04 after US rival Intel (NAS: INTC; SEHK: 4335) showed strong third-quarter results with profits up 43 percent and earnings coming in at 31 cents per share.

    Elsewhere in the sector, STMicroelectronics (Euronext: STM; NYSE: STM) was up 0.8 percent to €11.73.

    Meanwhile, chip making equipment manufacturer ASML (Euronext: ASML; NAS: ASMLD) jumped 8.2 percent to €24.35.

    The steel sector was mixed.

    Mittal Steel (Euronext: MT; NYSE: MT) was 2.3 percent higher to €55.16, but ThyssenKrupp (FWB: TKA; LSE: THK) dropped 0.16 percent to €43.18.

    Utilities were also mixed.

    Suez (Euronext: SZE; NYSE: SZE) added 1.93 percent to €43.88 and Gaz de France (Euronext: GAZ) was up 2.14 percent to €39.07, but Eon (FWB: EOA; NYSE: EON; LSE: EON) fell 0.27 percent to €131.51.





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