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    October 16, 2007

    European utilities gain again

    Filed under: Other, Volkswagen, Renault, ThyssenKrupp, Eon, Suez, RWE, EDF, Gaz de France, Total, Ericsson, Mittal Steel, Alcatel-Lucent

    Most equities markets in Europe were lower Tuesday, but Madrid’s IBEX was up as it added 0.61 percent to 15,279.70.

    The FTSE Eurofirst 300 was 0.77 percent lower to 1,574.68.

    The Dax dropped 0.09 percent to 7,962.64 in Frankfurt while the Paris CAC-40 fell 0.57 percent to 5,774.36.

    Utilities were higher again.

    Gaz de France (Euronext: GAZ) added 0.26 percent to €38.25, while Suez (Euronext: SZE; NYSE: SZE) gained 0.28 percent to €43.05 and EDF (Euronext: EEN) was up 0.89 percent to €78.44.

    Meanwhile in Frankfurt, Eon (FWB: EOA; NYSE: EON; LSE: EON) was 2.39 percent higher to €131.91 and RWE (FWB: RWE) jumped 2.48 percent to €92.12 for the best performance on the Dax.

    In the oil sector, Total (Euronext: FP; NYSE: TOT) added 1.36 percent to €57.20 as crude oil prices continue to rise.

    The automobile manufacturing sector was mixed on the day.

    While Renault (Euronext: RNO) gained 0.16 percent to €108.31, Volkswagen (FWB: VOW; OTC: VLKAY) turned in the worst performance of the day on the Dax as it dropped 3.13 percent to €173.78.

    The steel sector saw declines as Mittal Steel (Euronext: MT; NYSE: MT) fell 2.23 percent to €53.92 and ThyssenKrupp (FWB: TKA; LSE: THK) was down 2.89 percent to €43.22.

    The biggest loser on the CAC-40 came from the telecommunications sector, where Alcatel-Lucent (Euronext: ALU; NYSE: ALU; TYO: 6687) fell 4.49 percent to €6.59 after a profits warning from rival Ericsson (OMX: ERIC B; NAS: ERIC), which dropped 24 percent to kr20.1 on the day.





    October 3, 2007

    EADS, Lagardere lower on insider trading allegations

    Filed under: Other, Deutsche Bank, Infineon, Peugeot, Renault, Agricole, Commerzbank, Air France-KLM, RWE, EDF, EADS, Lagardere, STMicroelectronics, Man, Alcatel-Lucent

    Most European markets were higher on the session, but Madrid’s IBEX dropped 0.04 percent to 14,783.8.

    In Frankfurt the Dax added 0.11 percent to 7,955.3, while the CAC-40 gained 0.12 percent to 5,806.18 in Paris.

    The Pan-European FTSE Eurofirst 300 was 0.16 percent higher to 1,570.81.

    Insider trading accusations sent aerospace and defense group EADS (Eurofirst: EAD; FWB: EAD) and Lagardere (Euronext: MMB), which has interests in both media and aerospace as an investor in EADS, lower on the session.

    Lagardere was the day’s worst performer on the CAC-40 as it dropped 5.42 percent to €58.45, while EADS fell 0.78 percent to €21.71.

    Lagardere officials said the allegations are unfounded, while EADS had no comment.

    Other decliners included the semiconductors and utilities sectors.

    Among chipmakers, Infineon (FWB: IFX; NYSE: IFX) was down 0.76 percent to €11.74 while STMicroelectronics (Euronext: STM; NSYE: STM) was 1.11 percent lower to €11.61.

    In the utilities sector, RWE (FWB: RWE) dropped 0.76 percent to €87.01 and EDF (Euronext: EEN) fell 0.81 percent to €73.54.

    Banks saw gains on the session.

    Credit Agricole (Euronext: ACA) was up 1.18 percent to €28.27, while Commerzbank (FWB: CBK) was 1.22 percent higher to €29.87 and Deutsche Bank (FWB: DBK; NYSE: DB) added 2.12 percent to €95.67.

    In the airlines sector, Air France (Euronext: AF; NYSE: AKH) was up 1.46 percent to €28.41.

    Car and truck makers also gained ground.

    Peugeot (Euronext: UG; OTC: PEUGY) was 1.52 percent higher to €60 while Renault (Euronext: RNO) gained 1.62 percent to €109.26.

    Meanwhile, truck maker Man (FWB: EDF1) turned in the best performance of the day on the Dax as it added 3.85 percent to €112.96.

    Alcatel-Lucent (Euronext: ALU; NYSE: ALU; TYO: 6687) had the best day on the CAC-40, gaining 2.37 percent to €7.37.





    September 28, 2007

    Chipmakers up on mixed day in Europe

    Filed under: Other, Infineon, BNP Paribas, Societe Generale, Air France-KLM, France Telecom, Lufthansa, STMicroelectronics, Alstom, Man, Alcatel-Lucent, MLP

    European markets were mixed Friday in the last trading session of the week.

    The FTSE Eurofirst 300 fell 0.1 percent to 1,549.87, and while the Dax added 0.1 percent to 7,861.51 in Frankfurt, the IBEX fell 0.03 percent to 14,576.5 in Madrid and the Paris CAC-40 dropped 0.31 percent to 5,715.69.

    The semiconductors sector made gains as STMicroelectronics (Euronext: STM; NYSE: STM) was 0.77 percent higher to €11.79 and Infineon (FWB: IFX; NYSE: IFX) was up 2.72 percent to €12.06.

    The telecommunications sector also saw gains as Alcatel-Lucent (Euronext: ALU; NYSE: ALU; TYO: 6687) turned in the best performance of the day on the CAC-40, gaining 4.35 percent to €7.20.

    France Telecom (Euronext: FTE; NYSE: FTE) was up 0.69 percent to €23.49.

    Banks were mixed.

    BNP Paribas (Euronext: BNP; TYO: 8665) added 0.56 percent to €76.74, but Societe Generale (Euronext: GLE) was 2.06 percent lower to €117.68.

    Airlines declined on the session.

    Lufthansa (FWB: LHA) dropped 0.88 percent to €20.24, while Air France (Euronext: AF; NYSE: AKH) fell 1.42 percent to €25.77.

    Financial planners MLP (FWB: MLP) had the best day on the Dax, adding 3.43 percent to €9.37, while truck maker Man (FWB: EDF1) was the worst performer of the day there, falling 1.98 percent to €102.48.

    Manufacturer and power generation specialist Alstom (Euronext: ALO) had the worst day on the CAC-40 as it dropped 4.09 percent to €142.57.





    September 17, 2007

    European markets see declines

    Filed under: Other, Deutsche Bank, Deutsche Post, Eon, Suez, RWE, EDF, Deutsche Borse, STMicroelectronics, Alcatel-Lucent, Pernod Ricard, MLP, Schneider Electric, Essilor

    European markets were lower on Monday as the subprime crisis continued to cause disturbances.

    The FTSE Eurofirst 300 dropped 1.32 percent to 1,487.28.

    In Frankfurt, the Dax was 0.24 percent lower to 7,479.83, while Madrid’s IBEX fell 1.18 percent to 13,696.9 and the Paris CAC-40 was down 1.8 percent to 5,439.37.

    There were only four gainers on the CAC-40, led by eyeglass lens and frame maker Essilor International (Euronext: EF), which gained 0.53 percent to €43.58.

    Drinks group Pernod-Ricard was up 0.23 percent to €152.90.

    The other two gainers were both utilities.

    Suez (Euronext: SZE; NYSE: SZE) added 0.15 percent to €38.90 and EDF (Euronext: EEN) was 0.46 percent higher to €74.14.

    Utilities also saw gains on the Dax, where Eon (FWB: EOA; LSE: EON; NYSE: EON) gained 0.72 percent to €127.11 and RWE (FWB: RWE) was up 1.5 percent to €83.68.

    The best performer on the Dax was stock exchange operator Deutsche Boerse, which added 2.73 percent to €82.47.

    Big decliners included, in Paris, Alcatel-Lucent (Euronext: ALU; NYSE: ALU; TYO: 6687) with a drop of 5.23 percent to €6.16 and financial planner MLP (FWB: MLP), which fell 3.66 percent to €10.37.

    Others seeing declines included Deutsche Post (FWB: DPW; LSE: DPO) with a decline of 1.33 percent to €20.84.

    Deutsche Bank (FWB: DBK; NYSE: DB) dropped 2.05 percent to 88.22.

    Schneider Electric (Euronext: SCHN) was 5.02 percent lower to €87.83, while STMicroelectronics (Euronext: STM; NYSE: STM) fell 3.08 percent to €11.66.





    September 13, 2007

    ThyssenKrupp higher on broker upgrade, new contract

    Filed under: Other, Infineon, BMW, Peugeot, ThyssenKrupp, RWE, EDF, Deutsche Borse, Lagardere, STMicroelectronics, Mittal Steel, Vivendi, Alcatel-Lucent, Vallourec, MLP

    The FTSE Eurofirst 300 was 1.02 percent higher to 6,363.9 as European markets made gains on Thursday.

    Madrid’s IBEX gained 0.7 percent to 14,077.8, the Dax added 0.84 percent to 7,535.97, and the Paris CAC-40 was up 1.05 percent to 5,565.97.

    Steel-related shares were higher.

    ThyssenKrupp (FWB: TKA; LSE: THK) gained 1.97 percent to €40.87, while Mittal Steel (Euronext: MT; NYSE: MT) was up 4.6 percent to €48.20.

    ThyssenKrupp’s gains came after it said it has won a new elevators contract in London and after ABN Amro (Euronext: AAB; NYSE: ABN) raised the steel-maker’s target share price.

    Meanwhile, steel products manufacturer Vallourec was the best performer on the CAC-40 as it added 4.82 percent to €191.26.

    Utilities were higher.

    RWE (FWB: RWE) was 1.37 percent higher to €81.73, while EDF (Euronext: EEN) gained 1.54 percent to €72.40.

    In the media sector, Vivendi (Euronext: VIV) was up 2.17 to €29.70 and Lagardere (Euronext: MMB) added 4.65 percent to €60.31.

    The best performance on the day on the Dax came from stock exchange operator Deutsche Boerse (FWB: DB1) which gained 3.33 percent to €81.07 after it said it would not buy into the London Stock Exchange.

    On the negative side of the ledger, financial planner MLP (FWB: MLP) had the worst day on the Dax with a decline of 1.42 percent to €11.09.

    The worst performance on the CAC-40 came from telecommunications group Alcatel-Lucent (Euronext: ALU; NYSE: ALU; TYO: 6687), which dropped 8.69 percent to €6.62.

    Carmakers saw declines, with Peugeot (Euronext: UG; OTC: PEUGY) falling 0.75 percent to €55.70 and BMW (FWB: BMW) down 0.97 percent to €34.75.

    The semiconductors sector was also lower.

    Infineon (FWB: IFX; NYSE: IFX) dropped 0.42 percent to €11.76, while STMicroelectronics (Euronext: STM; NYSE: STM) was 2.98 percent lower to €12.06.





    September 11, 2007

    Few losers on European markets

    Filed under: Other, BMW, Renault, Air France-KLM, Deutsche Post, Schering, Deutsche Borse, Mittal Steel, Alstom, Altana, Alcatel-Lucent, Vallourec

    European markets were higher on the session, more than making up Monday’s declines.

    The FTSE Eurofirst 300 added 1.71 percent to 1,507.29.

    The Dax was up 1.12 percent to 7,457.9 in Frankfurt, while the Paris CAC-40 gained 1.72 percent to 5,478.94 and Madrid’s IBEX was 1.74 percent higher to 13,965.5.

    The CAC-40 and the Dax each only saw two stocks decline on the day.

    In Paris, Air France (Euronext: AF; NYSE: AKH) was 0.07 percent lower to €27.73, while Alcatel-Lucent (Euronext: ALU; NYSE: ALU; TYO: 6687) was the worst performer there with a decline of 0.54 percent to €7.30.

    In Frankfurt, meanwhile, pharmaceuticals group Schering (FWB: SCH) dropped 0.09 percent to €104.46. Deutsche Post (FWB: DPW; LSE: DPO) had the worst day on the Dax as it fell 0.19 percent to €20.89.

    The best performer on the Dax was stock exchange operator Deutsche Boerse (FWB: DB1), which added 3.83 percent to €78.96.

    Meanwhile power generator and manufacturer Alstom (Euronext: ALO) did the best on the CAC-40, where it gained 6.47 percent to €136.06.

    Steel-related shares did well in Paris.

    Mittal Steel (Euronext: MT; NYSE: MT) was 3.35 percent higher to €46.64, while steel products manufacturer Vallourec (Euronext: VK) was up 4.22 percent to €184.31.

    Carmakers saw gains.

    BMW (FWB: BMW) gained 2.14 percent to €35.62, while Renault (Euronext: RNO) added 3.43 percent to €92.80.

    Chemicals group Altana (FWB: ALT; NYSE: AAA) was 2.15 percent higher to €17.60.





    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.





    July 31, 2007

    Carmakers, airlines gain in Europe

    Filed under: Other, Deutsche Bank, DaimlerChrysler, Peugeot, Renault, BNP Paribas, Societe Generale, Agricole, Air France-KLM, Lufthansa, Siemens, Unibail, Man, Hypovereinsbank, Alcatel-Lucent

    European markets were significantly higher on Tuesday as they attempt to recover from last week’s declines.

    The FTSE Eurofirst 300 added 2.01 percent to 1,548.24.

    The Dax was 1.71 percent higher to 7,584.14 in Frankfurt, while the Paris CAC-40 gained 1.85 percent to 5,751.08 and Madrid’s IBEX jumped 2.03 percent to 14,802.4.

    Banks were mostly higher on the session.

    BNP Paribas (Euronext: BNP; TYO: 8665) was 3.1 percent higher to €81.73, while Societe Generale (Euronext: GLE) gained 3.17 percent to €127.44 and Credit Agricole (Euronext: ACA) was up 3.24 percent to €28.35.

    In Frankfurt, meanwhile, Deutsche Bank (FWB: DBK; NYSE: DB) gained 4.02 percent to €100.62 but HypoVereinsbank (FWB: HVM) was down 0.23 percent to €42.84.

    Airlines were higher, with Air France (Euronext: AF; NYSE: AKH) adding 3.07 percent to €33.29 and Lufthansa (FWB: LHA) gaining 3.36 percent to €20.65.

    Car and truck makers also saw gains.

    DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) was 3.45 percent higher to €66.69, while Peugeot (Euronext: UG; OTC; PEUGY) added 3.21 percent to €62.34 and Renault (Euronext: RNO) was up 4.65 higher to €107.06 on a broker upgrade from ABN Amro (Euronext: AAB; NYSE: ABN).

    Truck maker Man (FWB: EDF1) was the day’s best performer on the Dax with a gain of 4.28 percent to €107.09.

    Property investment company Unibail (Euronext: UL) had the best day on the CAC-40 as it added 5.88 percent to €175.30.

    There were few declines on the day, but in the telecommunications sector Alcatel-Lucent fell 9.28 percent to €8.70 on a disappointing earnings report based on costs that were merger-related.

    The worst performance on the Dax came from engineering group Siemens (FWB: SIE; NYSE: SI), which was 1.63 percent lower to €93.71 after rumors circulated that it would issue more shares.





    January 26, 2007

    Pernod-Ricard up 7.7 percent on broker comments

    Filed under: Air France-KLM, L'Oreal, Lufthansa, SAP, Alcatel-Lucent, Pernod Ricard

    The FTSE Eurofirst 300 ended the week 0.5 percent lower than it began, closing at 1,512.70 on Friday. The declines came after posting a six-year closing high on Wednesday.

    This is not to say that there were not individual gains on the week. Mobile phone manufacturer Nokia added 7.4 percent on the week to €16.65 on a significant rise in operating profits in 2006. Deutsche Bank upgraded the company to “buy” and raised its target share price to €18.50.

    L’Oreal was 7 percent higher to €80.60 after sales were higher than had been expected in the fourth quarter.

    Pernod-Ricard gained 7.7 percent during the week to €158 even though broker comments were mixed. Credit Suisse upgraded the drinks company from “under perform” to “neutral” and raised its revenue growth guidance and target share price. UBS, Morgan Stanley, and ING also upped Pernod’s target share price, but ING also reduced its recommendation from “buy” to “hold”, citing valuation concerns.

    Among the losers this week was software company SAP, which dropped 5.8 percent to €35.62. Alcatel-Lucent was 10.8 percent lower to €9.99. Airlines also saw losses, with Lufthansa down 6.9 percent to €21.16 and Air France-KLM 7 percent lower to €32.19.





    January 23, 2007

    MAN says it will try for friendly merger with Scania

    Filed under: Volkswagen, Richemont, Swatch, Man, Scania, Alcatel-Lucent, Endemol

    In Europe on Tuesday the FTSE Eurofirst 300 was nearly steady, losing only 0.21 points to end the session at 1,513.31 as big losses for Alcatel-Lucent balanced gains in other sectors.

    Alcatel-Lucent dropped 8.5 percent to €10.02 after having lost as much as 12 percent in earlier trade. The manufacturer of telecommunications equipment issued a profits and revenues warning for the fourth quarter. The company said adjusted revenues will be around €4.4 billion, significantly lower than last year’s €5.25 billion. Operating revenues, which were expected to show a profit of €539 million will, the company said, manage to just break even.

    The automobile and truck manufacturing sector saw gains when German truck maker MAN said it will abandon its hostile takeover bid for Scania and instead try to negotiate a friendly merger. Scania’s B shares added 1.1 percent to SKr645 after dropping as low as SKr441 earlier in the session, while MAN gained 2.3 percent to €75.79. Volkswagen, which is the largest shareholder in both Scania and MAN, was 0.4 percent higher to €84.67.

    In the media sector, Dutch television producer Endemol ended the session 1.6 percent higher to €20.65. Its share price was as high as €22.74 after it was reported that Rupert Murdoch’s News Corp. wanted to purchase the 75 percent stake of Endemol that Telefonica owns, but pulled back to its closing level after News Corp denied the rumors.

    Luxury goods makers were mixed. Despite reporting a 10 percent gain in sales in the quarter, Richemont dropped 3.6 percent to SFr70. Swatch, on the other hand added 1.8 percent to SFr292.75.





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