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  • IBEX gains almost 1 percent on session

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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 22, 2007

    European equities lower on renewed subprime worries

    Filed under: Other, Volkswagen, Societe Generale, Commerzbank, Air France-KLM, Lufthansa, Bayer, Mittal Steel, Man, Vinci, Vallourec, Bouygues

    European markets were lower on Monday as subprime concerns reemerged after comments from the G7 summit concerning a slowing global economy.

    The FTSE Eurofirst 300 dropped 1.3 percent to 1,543.56 while Madrid’s IBEX fell by the same percentage to 15,327.8.

    The Dax fell 1.13 percent to 7,794.94 while the CAC-40 was 1.38 percent lower to 5,661.27.

    Banks saw declines.

    Societe Generale (Euronext: GLE) was down 2.43 percent to €113.85, while Commerzbank (FWB: CBK) dropped 2.92 percent to €29.19 after its CEO warned that profits will be hurt by US subprime problems.

    Drug maker Bayer (FWB: BAY; TYO: 48633) had the worst day on the Dax as it dropped 3.44 percent to €58.19.

    The worst performer of the day on the CAC-40 was Mittal Steel (Euronext: MT; NYSE: MT), with a decline of 3.74 percent to €52.99, while steel products manufacturer Vallourec (Euronext: VK).

    Builders were also lower.

    Bouygues (Euronext: EN), with holdings in both construction and media, was 2.43 percent lower to €61.41 and Vinci (Euronext: DG) dropped 2.52 percent to €51.54.

    The best performer on the Dax was Volkswagen (FWB: VOW; OTC: VLKAY), with a gain of 1.65 percent, while truck maker Man (FWB: EDF1) gained a bare 0.11 percent to €122.94.

    Airlines were also higher.

    Air France (Euronext: AF; NYSE: AKH) added 0.46 percent to €26.11 while Lufthansa (FWB: LHA) was 0.54 percent higher to €20.30.





    October 18, 2007

    Truck maker Man up on bids rumors

    Filed under: Other, Volkswagen, Peugeot, Lagardere, SAP, Man, Lafarge, Vinci, Bouygues

    European markets were mixed Thursday, with more losers than gainers.

    The gainer was Madrid’s IBEX, which added 0.5 percent to 15,507.1.

    Elsewhere, the pan-European FTSE Eurofirst 300 was down 0.78 percent to 1,572.92 while in Frankfurt, the Dax dropped 0.8 percent to 7,921.4 and the Paris CAC-40 fell 0.89 percent to 5,767.24.

    Truck maker Man (FWB: EDF1) was 2.31 percent higher to €121.75, for the best performance on the Dax, on reports that Swedish rival Scania (OMX: SCV B) could offer a bid soon.

    Volkswagen (FWB: VOW; OTC: VLKAY), which owns stakes in both Man and Scania, was up 0.86 percent to €175.53.

    Elsewhere in the sector, Peugeot (Euronext: UG; OTC: PEUGY) added 0.68 percent to €58.02.

    Over on the CAC-40 the best performance came from Lagardere (Euronext: MMB), with interest in both media and the defense sector.

    Lagardere added 2.22 percent to €59.05 on rumors that it could delist its shares.

    The biggest loser on the Dax was software group SAP (FWB: SAP), which dropped 3.31 percent to €38.23 despite a third-quarter report that profits were up by 10 percent, not as much as had been anticipated.

    Construction-related shares were mixed.

    Builder Vinci (Euronext: DG) was slightly higher, adding 0.08 percent to €52.50.

    On the other hand Bouygues (Euronext: EN), with interests in both construction and media, dropped 2.11 percent to €63.11.

    Meanwhile, construction materials group Lafarge (Euronext: LG; NYSE: LR) fell 1.39 percent to €115.52.





    October 12, 2007

    EADS helped by Boeing delays

    Filed under: Other, Commerzbank, Air France-KLM, Suez, Gaz de France, Lufthansa, Bayer, EADS, Lafarge, Vinci, Bouygues, Saint-Gobain

    Markets were mixed in Europe on Friday.

    The Dax added 0.09 percent to 8,041.26 in Frankfurt, while Madrid’s IBEX jumped 1.07 percent to 15,261.3.

    On the other hand, the FTSE Eurofirst 300 was 0.08 percent lower to 1,598.14 while the Paris CAC-40 dropped 0.32 percent to 5,843.95.

    EADS (Euronext: EAD; FWB: EAD) did the best on the CAC-40, adding 2.68 percent to €23.77 on new orders and on delays at US rival Boeing (NYSE: BA; TYO: 7661).

    In addition, JPMorgan Chase hiked EADS’ target share price from €26 to €28.

    Meanwhile, Commerzbank (FWB: CBK) was the best performer on the Dax, where it gained 2.16 percent to €31.22 on speculation that an Italian bank would launch a takeover bid.

    Utilities were higher.

    Gaz de France (Euronext: GAZ) was 1.45 percent higher to €37.84, while Suez (Euronext: SZE; NYSE: SZE) added 1.67 percent to €42.55.

    In the pharmaceuticals sector, Bayer (FWB: BAY; TYO: 4863) gained 1.66 percent to €57.66.

    Building materials group Saint-Gobain (Euronext: SGO) was the biggest loser on the CAC-40, where it dropped 3.1 percent to €72.60.

    Elsewhere in the sector, Lafarge (Euronext: LG; NYSE: LR) was down 1.11 percent to €117.61.

    Construction group Vinci (Euronext: DG) dropped 2.57 percent to €53.56 while Bouygues (Euronext: EN), which has interests in construction and media, fell 0.94 percent to €64.36.

    Airlines saw declines.

    Air France (Euronext: AF; NYSE: AKH) was down 2.04 percent to €27.81 while Lufthansa (FWB: LHA) was 2.16 percent lower to €21.25.





    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 20, 2007

    European markets decline but builders see gains

    Filed under: Other, Deutsche Bank, BMW, Renault, Air France-KLM, RWE, Metro, EDF, Deutsche Borse, Lufthansa, Lafarge, Vinci, MLP, Bouygues

    Equities markets in Europe were lower on the session.

    The FTSE Eurofirst 300 fell 0.63 percent to 1,539.89.

    In Frankfurt the Dax was 0.19 percent lower to 7,735.09, while Madrid’s IBEX was down 0.47 percent to 14,427.1 and the Paris CAC-40 dropped 0.73 percent to 5,688.76.

    Vinci (Euronext: DG) had the best day on the CAC-40, where the construction group added 1.12 percent to €53.19.

    Also in the sector Bouygues (Euronext: EN), with interests in both construction and media, gained 0.22 percent to €60.

    In the related building materials sector, however, Lafarge (Euronext: LG; NYSE: LR) dropped 2.28 percent to 109.90.

    The worst performance on the CAC-40 came from the utilities sector, where EDF (Euronext: EEN) was 3.34 percent lower to €71.77, but the sector was mixed as RWE (FWB: RWE) added 0.8 percent to €86.28.

    Retailer Metro (FWB: MEO) had the best day on the Dax as it gained 6.21 to €66.54.

    Stock exchange operator Deutsche Boerse (FWB: DB1) was up 1.96 percent to €88.47.

    The worst performance on the Dax came from financial planners MLP (FWB: MLP) with a decline of 2.79 percent to €9.78.

    Deutsche Bank (FWB: DBK; NYSE: DB) dropped 2.04 percent to €92.38.

    Airlines and carmakers were both lower.

    Air France (Euronext: AF; NYSE: AKH) was down 3.23 percent to €25.20, while Lufthansa (FWB: LHA) was 1.5 percent lower to €19.66.

    Carmaker BMW (FWB: BMW) dropped 1.42 percent to €34.49 and Renault (Euronext: RNO) fell 1.63 percent to €96.80.





    September 12, 2007

    European markets in slight gains

    Filed under: Other, Infineon, BMW, Peugeot, BNP Paribas, Commerzbank, Air France-KLM, Eon, Gaz de France, Lufthansa, STMicroelectronics, Unibail, Man, Fresenius Medical Care, Groupe Danone, Bouygues

    European markets were higher Wednesday.

    The FTSE Eurofirst 300 added 0.22 percent to 1,510.28.

    Madrid’s IBEX was 0.11 percent higher to 13,980.4, while the Dax gained 0.2 percent to 7,472.99 and the CAC-40 was up 0.53 percent to 5,508.01.

    The best performer on the CAC-40 was media and construction conglomerate Bouygues (Euronext: EN) with a gain of 4.21 percent to €59.45 on possible interest from an Egyptian telecommunications company and possible contracts news.

    Healthcare group Fresenius Medical Care (FWB: FREG) had the best day on the Dax as it added 3.2 percent to €37.28.

    Other gainers included property developer and investor Unibail (Euronext: UL), which was 1.87 percent higher to €174.18.

    Foods manufacturer Groupe Danone (Euronext: BN; NYSE: DA) was up 1.65 percent to €55.37.

    Truck maker Man (FWB: EDF1) advanced 1.68 percent to €102.04, but carmakers did not do as well.

    Peugeot (Euronext UG; OTC: PEUGY) fell 0.76 percent to €56.12, while BMW (FWB: BMW) was down 1.57 percent to €34.82.

    Utilities were mixed on the session.

    Eon (FWB: EOA; LSE: EON; NYSE: EON) was up 1.91 percent to €123.76, but Gaz de France (Euronext: GAZ) dropped 0.56 percent to €33.46.

    Banks were also mixed.

    BNP Paribas (Euronext: BNP; TYO: 8665) added 0.9 percent to €74.18 but Commerzbank (FWB: CBK) was 1.12 percent lower to €28.10.

    The semiconductors sector was down on the session.

    STMicroelectronics (Euronext: STM; NYSE: STM) fell 0.8 percent to €12.43, while Infineon (FWB: IFX; NYSE: IFX) was down 1.83 percent to €11.84.

    Airlines were the biggest losers on both the Dax and the CAC-40.

    Lufthansa (FWB: LHA) dropped 3.45 percent to €19.84 and Air France (Euronext: AF; NYSE: AKH) was 3.35 percent lower to €26.80.





    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 22, 2007

    Builder Vinci adds over 6 percent

    Filed under: Other, Infineon, ThyssenKrupp, Air France-KLM, RWE, Lufthansa, SAP, Mittal Steel, Vinci, Vallourec, Fresenius, Bouygues

    European markets were higher on the session Wednesday.

    The Eurofirst 300 gained 1.57 percent to 1,505.51.

    In Madrid the IBEX added 0.84 percent to 14,359.2, while the Dax was 1.02 percent higher to 7,500.48 in Frankfurt and the Paris CAC-40 was up 1.83 percent to 4,418.17 and had no losers on the day.

    The biggest gainer on the day in Paris was construction group Vinci (Euronext: DG), which added 6.41 percent to €51.

    Buoygues (Euronext: EN), which has interests in both construction and media, gained 4.05 percent to €53.93.

    The steel sector was also higher.

    ThyssenKrupp (FWB: TKA; LSE: THK) was 2.14 percent higher to €41.92, while Mittal Steel (Euronext: MT; NYSE: MT) was up 4.98 percent to €44.45.

    In addition Vallourec (Euronext: VK), which manufactures steel products, was up 4.47 percent to €190.71.

    In the semiconductors sector Infineon (FWB: IFX; NYSE: IFX) gained 2.76 percent to €11.17 on the news that it is looking to buy.

    Among airlines, Lufthansa (FWB: LHA) added 2.29 percent to €20.64, while Air France (Euronext: AF; NYSE: AKH) was up 3.82 percent to €29.38.

    Fresenius Medical Care (FWB: FREG) was the biggest decliner on the Dax, dropping 1.89 percent to €34.85.

    Other decliners included utility RWE (FWB: RWE), which fell 0.44 percent to €80.65.

    Software maker SAP (FWB: SAP; NYSE: SAP) was 0.21 percent lower to €38.71.





    August 16, 2007

    Deutsche Boerse drops 6.57 percent

    Filed under: Other, Deutsche Bank, BMW, Renault, BNP Paribas, Deutsche Borse, Unibail, Man, Lafarge, Vinci, Vallourec, Bouygues

    Markets were also substantially lower in Europe on Thursday.

    The FTSE Eurofirst 300 was 3.21 percent lower to 1,443.89.

    The Dax dropped 2.36 percent to 7,270.07 in Frankfurt and the CAC-40 was down 3.26 percent to 5,265.47 in Paris.

    In Madrid, the IBEX fell 3.68 percent to 13,986.4.

    There were no winners on either the CAC-40 or the Dax on the session.

    The biggest loser on the Dax was stock exchange operator Deutsche Boerse (FWB: DB1), which was 6.57 percent lower to €75.13, while the worst performance on the CAC-40 came from steel tubes manufacturer Vallourec (Euronext: VK) at 7.93 percent lower to €171.85.

    Car and truck makers fell substantially.

    BMW (FWB: BMW) dropped 4.23 percent to €34.99, while Renault (Euronext: RNO) was 4.42 percent lower to €91.20 and truck maker Man (FWB: EDF1) declined 6.38 percent to €96.07.

    Builders and construction materials providers dropped in France.

    Bouygues (Euronext: EN), which has holdings in both the construction sector and in media, was 4.36 percent lower to €50.88, while construction group Vinci (Eurnoext: DG) fell 4.48 percent to €46.70 and construction materials group Lafarge (Euronext: LG; NYSE: LR) dropped 5.09 percent to €108.43.

    Property group Unibail (Euronext: UL) was down 5.9 percent to €161.50, while financial planners MLP (FWB: MLP) was down 4.17 percent to €11.50.

    Among banks, Deutsche Bank (FWB: DBK; NYSE: DB) fell 1.9 percent to €91.65 and BNP Paribas (Euronext: BNP; TYO: 8665) dropped 3.1 percent to €74.67.





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