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    October 25, 2007

    France Telecom gains over 8.5 percent on results

    Filed under: Other, Allianz, Commerzbank, France Telecom, L'Oreal, Deutsche Telekom, Alstom, Man, Bouygues

    Europe’s markets saw gains Thursday.

    The FTSE Eurofirst 300 was up 1 percent to 1,565.18.

    Madrid’s IBEX added 1.02 percent to 15,386, while the Dax gained 1.32 percent to 7,932.44 and the Paris CAC-40 jumped 1.51 percent to 5,760.3.

    Telecommunications utilities did well on the day after France Telecom (Euronext: FTE; NYSE: FTE) reported that profits were up 4.3 percent and sales added 3.3 percent in the third quarter.

    France Telecom was 8.68 percent higher to €25.80 for the best performance on the CAC-40, while Deutsche Telekom (FWB: DT; LSE: DEU; TYO: 9496) had the best day on the Dax with a gain of 4.03 percent to €13.94.

    Dresdner Kleinwort raised its recommendation on France Telecom from “hold” to “buy”.

    Alstom (Euronext: ALO) added 6.14 percent to €161.36 on a broker upgrade, while Bouygues (Euronext: EN) was 6.12 percent higher to €65.59 after Lehman Brothers began coverage with a rating of “overweight”.

    Cosmetics manufacturer L’Oreal (Euronext: OR) had the worst day on the CAC-40, where it dropped 2.27 percent to €89.36 after UBS issued a downgrade from “buy” to “neutral” even though L’Oreal said that revenues in the third quarter were up by 7 percent.

    Other losers on the session included truck maker Man (FWB: EDF1), which had the worst day on the Dax with a decline of 1.48 perent to €118.79.

    Insurer Allianz (FWB: ALV; NYSE: AZ) was 1 percent lower to €150.13, while in the banking sector Commerzbank (FWB: CBK) dropped 0.91 percent to €28.33.





    October 8, 2007

    Software sector mixed on takeover news

    Filed under: Other, Volkswagen, Peugeot, BNP Paribas, Agricole, Air France-KLM, Suez, EDF, SAP, Dexia, Alstom, MLP, Bouygues, Business Objects

    Markets were lower in Europe on the session Monday.

    The FTSE Eurofirst 300 was 0.3 percent lower to 1,580.11.

    In Paris, the CAC-40 dropped 0.24 percent to 5,829.4, while the Dax was down 0.35 percent to 7,974.37.

    Madrid’s IBEX fell 0.56 percent to 14,809.

    Software company SAP (FWB: SAP; NYSE: SAP) dropped 4.04 percent to €39.83 after it said it would pay €4.9 billion for rival Business Objects (Euronext: BOB; NAS: BOBJ), which gained 17 percent to €41.07.

    On the other hand, Alstom (Euronext: ALO) was the biggest gainer on the CAC-40, adding 2.39 percent to €152.77 on the news that builder Bouygues (Euronext: EN) had raised its stake in the manufacturer and power generator, spurring speculation that a takeover is in the works.

    Banks were mixed.

    While Dexia (Euronext: DEXB) added 0.53 percent to €22.79, BNP Paribas (Euronext: BNP; TYO: 8665) was down 0.74 percent to €81.80 and Credit Agricole (Euronext: ACA) dropped 1.18 percent to €28.42.

    Utilities were mixed as well, with EDF (Euronext: EEN) 0.65 percent higher to €74.56 but Suez (Euronext: SZE; NYSE: SZE) falling 0.72 percent to €41.41.

    Volkswagen (FWB: VOW; OTC: VLKAY) had the best day on the Dax as it added 1.94 percent to €171.45.

    Elsewhere in the sector, Peugeot (Euronext: UG; OTC: PEUGY) was up 0.37 percent to €60.16.

    The biggest decliner on the Dax was financial planners MLP (FWB: MLP), which dropped 4.36 percent to €10.95, while Air France (Euronext AF; NYSE: AKH) had the worst day on the CAC-40 as it fell 2.98 percent to €28.29.





    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 14, 2007

    European banks in declines

    Filed under: Other, Volkswagen, Renault, BNP Paribas, Societe Generale, Commerzbank, Eon, Suez, RWE, Metro, Carrefour, EDF, Gaz de France, Lufthansa, Alstom, Cap Gemini

    European markets declined on Friday, hurt by bank troubles in the UK.

    The FTSE Eurofirst 300 was 1.07 percent lower to 1,508.11. The Paris CAC-40 dropped 0.49 percent to 5,538.92 and the Dax was down 0.51 percent to 7,497.74 in Frankfurt, while Madrid’s IBEX fell 1.54 percent to 13,861.

    Banks on the continent were lower, with Commerzbank (FWB: CBK) leading the losers on the Dax with a decline of 4.05 percent to €27.20.

    BNP Paribas (Euronext: BNP; TYO: 8665) dropped 1.5 percent to €73.72 and Societe Generale (Euronext: GLE) was 2.22 percent lower to €113.50.

    IT services group Cap Gemini (Euronext: CAP) was the worst performer on the CAC-40 as it fell 3.93 percent to €41.51.

    In the retail sector Metro (FWB: MEO) was 2.25 percent lower to €61.67, while Carrefour (Euronext: CA) dropped 1.28 percent to €48.47.

    Air carrier Lufthansa (FWB: LHA) was down 1.81 percent to €19.51.

    Gainers on the session included utilities.

    Eon (FWB: EOA; LSE: EON; NYSE: EON) added 0.76 percent to €126.27, while RWE (FWB: RWE) gained 0.83 percent to €82.52.

    Suez (Eurofirst: SZE; NYSE: SZE) was up 1.41 percent to €38.84, EDF (Eurofirst: EEN) was 1.93 percent higher to €73.80, and Gaz de France advanced 2.26 percent to €34.34.

    Manufacturer and power generator Alstom (Euronext: ALO) had the best day on the CAC-40 with a gain of 2.37 percent to €143.32.

    Carmakers were mixed on the session.

    Volkswagen (FWB: VOW; OTC: VLKAY) added 0.28 percent to €152.32, but Renault (Euronext: RNO) dropped 1.42 percent to €92.76.





    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.





    September 10, 2007

    Energy-related shares higher in Europe

    Filed under: Other, Volkswagen, Peugeot, ThyssenKrupp, Eon, Metro, Carrefour, Total, Mittal Steel, Dexia, Alstom, Man, Lafarge, Hypovereinsbank, Vallourec, MLP, Bouygues

    The FTSE Eurofirst 300 was 0.84 percent lower to 1,482.25 as European markets declined on Monday.

    In Paris the CAC-40 fell 0.8 percent to 5,386.43, while the Dax dropped 0.82 percent to 7,375.44 in Frankfurt.

    Madrid’s IBEX was 1.06 percent lower to 13,726.3. Banks led both the CAC-40 and the Dax.

    HypoVereinsbank (FWB: HVM) added 0.62 percent to €40.82 in Frankfurt, while in Paris Dexia (Euronext: DEXB) was up 1.27 percent to €20.79.

    Energy-related shares were higher.

    Oil company Total (Euronext: FP; NYSE: TOT) gained 0.22 percent to €54.54, while utility Eon (FWB: EOA; LSE: EON; NYSE: EON) was 0.56 percent higher to €119.69 and power generator Alstom (Euronext: ALO) was up 0.87 percent to €127.79.

    The car and truck manufacturing sector was mixed.

    Volkswagen (FWB: VOW; OTC: VLKAY) gained 0.39 percent to €150.04 and Peugeot (Euronext: UG; OTC: PEUGY) added 0.63 percent to €56, but truck maker Man (FWB: EDF1) dropped 1.45 percent to €98.66.

    Retailers were mixed as well, with Metro (FWB: MEO) 0.61 percent higher to €60.61 but Carrefour (Euronext: CA) down 1.78 percent to €46.99.

    The steel sector was lower on the session.

    ThyssenKrupp (FWB: TKA; LSE: THK) was 2.02 percent lower to €39.77 and Mittal Steel (Euronext: MT; NYSE: MT) fell 2.9 percent to €45.13, while steel products manufacturer Vallourec (Euronext: VK) was down 2.89 percent to €176.84.

    Bouygues (Euronext: EN), with interest in both media and construction, was the worst performer on the CAC-40 as it fell 2.97 percent to €44.17.

    In a related sector, construction materials group Lafarge (Euronext: LG; NYSE: LR) was down 1.49 percent to €105.90. Meanwhile, financial planners MLP (FWB: MLP) had the worst day on the Dax with a drop of 2.11 percent to €11.18.





    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 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 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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