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    September 21, 2007

    Steel sector sees gains

    Filed under: Other, BMW, Renault, Commerzbank, ThyssenKrupp, Air France-KLM, RWE, EDF, Gaz de France, Lufthansa, Bayer, Mittal Steel, Dexia, Man, Vallourec, Pernod Ricard

    In Europe, equities markets managed gains on Friday, but not always enough to gain back Thursday’s losses.

    The FTSE Eurofirst 300 added 0.47 percent to 1,546.53.

    In Paris the CAC-40 gained 0.21 percent to 5,700.65, while Madrid’s IBEX was 0.22 percent higher to 14,459 and the Dax was 0.77 percent higher to 7,794.43 in Frankfurt.

    Commerzbank (FWB: CBK) was the best performer on the Dax with a gain of 4.13 percent to €29.31, but the banking sector was mixed as Dexia (Euronext: DEXB) dropped 0.98 percent to €21.31.

    Meanwhile on the CAC-40, Mittal Steel (Euronext: MT; NYSE: MT) topped the leaders, adding 3.72 percent to €54.12.

    Elsewhere in the sector, ThyssenKrupp (FWB: TKA; LSE: THK) was up 2.91 percent to €44.23.

    Steel products manufacturer Vallourec (Euronext: VK) was 2.36 percent higher to €201.74.

    Carmakers saw gains.

    BMW (FWB: BMW) added 2.97 percent to €35.73, while Renault (Euronext: RNO) climbed 3.31 percent to €100.

    On the other hand, truck manufacturer Man (FWB: EDF1) was 1.36 percent lower to €104.96.

    The worst performer on the day on the CAC-40 came from drinks maker Pernod-Ricard (Euronext: RI), which added 2.5 percent to €147.76.

    Pharmaceuticals group Bayer (FWB: BAY; NYSE: BAY; TYO: 4863) had the best day on the Dax with a gain of 4.23 percent to €56.55.

    Utilities were lower on the session.

    RWE (FWB: RWE) was 0.52 percent lower to €86.22, while Gaz de France (Euronext: GAZ) was down 0.77 percent to €34.88 and EDF (Euronext: EEN) dropped 1.71 percent to €70.54.

    Airlines saw losses again. Lufthansa (FWB: LHA) slipped 0.56 percent to €19.52, while Air France (Euronext: AF; NYSE: AKH) fell 1.87 percent to €24.73.





    September 18, 2007

    Builders see gains on session

    Filed under: Other, Deutsche Bank, BMW, BNP Paribas, Agricole, ThyssenKrupp, Eon, EDF, Sacyr-Vallehermoso, Mittal Steel, Man, Lafarge, ACS, Vinci, MLP, Cap Gemini

    European markets were higher on Tuesday after Monday’s declines.

    The FTSE Eurofirst 300 added 1.54 percent to 1,509.

    The Dax was up 1.27 percent to 7,575.21 in Frankfurt, while the Paris CAC-40 gained 2.02 percent to 5,549.35 and Madrid’s IBEX was 2.52 percent higher to 14,042.

    The best performance on the CAC-40 was construction group Vinci (Euronext: DG), with a gain of 4.53 percent to €50.54.

    Spain’s construction sector did even better.

    Sacyr Vallehermoso (IBEX-35: VAL) was up 4.9 percent to €24.09, while Actividades de Construccion y Servicios (IBEX-35: ACS) added 5.7 percent to €34.81 after a broker upgrade from “accumulate” to “buy”.

    In a related sector, construction materials group Lafarge (Euronext: LG; NYSE: LR) was 3.4 percent higher to €108.33.

    The steel sector saw gains.

    Mittal Steel (Euronext: MT; NYSE: MT) gained 2.96 percent to €49.36, while ThyssenKrupp (FWB: TKA; LSE: THK) was up 3.62 percent to €41.46 for the best performance on the Dax.

    Banks made gains.

    Deutsche Bank (FWB: DBK; NYSE: DB) added 2.47 percent to €90.36, while BNP Paribas (Euronext: BNP; TYO: 8665) was 3.11 percent higher to €74.19 and Credit Agricole (Euronext: ACA) gained 3.25 percent to €27.31.

    Motor vehicle manufacturers were mixed on the Dax.

    Truck maker Man (FWB: EDF1) was up 3.44 percent to €103.55, but BMW (FWB: BMW) dropped 0.38 percent to €34.41.

    Utilities were slightly lower on the session.

    EDF (Euronext: EEN) fell 0.12 percent to €74.05, while Eon (FWB: EOA; NYSE: EON; LSE: EON) was down 0.73 percent to €125.97.

    IT services group Cap Gemini (Euronext: CAP) had the worst day on the CAC-40 as it dropped 1.57 percent to €40.20, while financial planners MLP (FWB: MLP) was the worst performer on the Dax with a decline of 1.27 percent to €10.12.





    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.





    September 7, 2007

    Few shares gain in Europe on session

    Filed under: Other, BMW, Renault, Societe Generale, Commerzbank, Schering, EADS, SAP, Unibail, Man, Lafarge, Fresenius Medical Care, Schneider Electric

    European markets were significantly lower on the session.

    The FTSE Eurofirst 300 fell 2.29 percent to 1,492.66.

    The IBEX dropped 2.29 percent to 13,873.4 in Madrid, while in Frankfurt the Dax was down 2.43 percent to 7,436.63 and the CAC-40 was 2.63 percent lower in Paris.

    There were no gainers on the CAC-40 on the session, while property group Unibail (Euronext: UL) dropped 5.99 percent to €168.52 for the worst performance on that index.

    There were only three winners on the Dax.

    The best performer was Fresenius Medical Care (FWB: FREG) with a gain of 1.12 percent to €36.01.

    In the pharmaceuticals sector, Schering (FWB: SCH) was up 0.44 percent to €104.30, while software group SAP (FWB: SAP; NYSE: SAP) added 0.27 percent to €40.40.

    The worst performer on the Dax was Commerzbank (FWB: CBK), which dropped 5.20 percent to €28.57.

    In the Paris banking sector, Societe Generale (Euronext: GLE) fell 3.91 percent to €113.90.

    The car and truck manufacturing sector was lower on the session.

    BMW (FWB: BMW) was down 3.64 percent to €35.49, while Renault (Euronext: RNO) dropped 4.28 percent to €90.47 and truck maker Man (FWB: EDF1) was 4.61 percent lower to €100.74.

    Aerospace group EADS (Euronext: EAD; FWB: EAD) fell 4.49 percent to €20.23.

    Schneider Electric was down 4.3 percent to €92.89. Construction materials group Lafarge (Euronext: LG; NYSE: LR) dropped 3.85 percent to €107.50.





    August 29, 2007

    Accor adds almost 6 percent on session

    Filed under: Other, DaimlerChrysler, Peugeot, Renault, Eon, Metro, Carrefour, EDF, Accor, Lufthansa, Man

    European markets were higher Wednesday after Tuesday’s losses.

    The FTSE Eurofirst 300 was up 0.47 percent to 1,497.28.

    In Frankfurt, the Dax gained 0.12 percent to 7,439.18.

    Madrid’s IBEX added 0.42 percent to 14,183.6, while the CAC-40 was up 0.84 percent to 5,520.02 in Paris.

    Hotels operator Accor (Euronext: AC) was the best performer on the CAC-40, adding 5.86 percent to €62.91 on first half profits that were more than double and on the announcement of a stock buyback worth €500 million.

    Airline Lufthansa had the best day on the Dax, gaining 3.29 percent to €21.28. Retailers saw gains.

    German retailer Metro (FWB: MEO) was up 2.9 percent to €61.36, while Carrefour (Euronext: CA) added 3.39 percent to €52.14. The car and truck manufacturing sector was mixed.

    In Paris, Peugeot (Euronext: UG; OTC; PEUGY) dropped 0.34 percent to €60.70 and Renault (Euronext: RNO) was the worst performer on the CAC-40 as it fell 2.34 percent to €97 after its CEO said that “unprecedented” growth would be needed if it is to meet its goals for 2009.

    In Germany, however, Daimler Chrysler (FWB: DCX; NYSE: DCX; TYO: 7663) was up 0.9 percent to €63.26 after it raised its profits forecast and announced a stock buyback that could be worth as much as €7.5 billion.

    Truck maker Man (FWB: EDF1) was 1.16 percent higher to €101.45.

    Utilities declined on the session, with EDF (Euronext: EEN) 0.05 percent lower to €73.90 and Eon (FWB: EOA; LSE: EON; NYSE: EON) down 0.54 percent to €118.60.





    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 24, 2007

    Financial services groups see declines

    Filed under: Other, Peugeot, Allianz, BNP Paribas, Societe Generale, Agricole, Commerzbank, Saipem, Total, Dexia, Man, Lafarge, MLP

    European markets were mostly higher, but the Dax dropped 0.06 percent to 7,507.27 in Frankfurt.

    The FTSE Eurofirst 300 added 0.34 percent.

    In Madrid, IBEX was up 0.29 percent to 14,334.4 while the Paris CAC-40 gained 0.83 percent to 5,569.38.

    Banks and other financials service groups saw declines on the session.

    Credit Agricole (Euronext: ACA) fell 0.11 percent to €27.49, while Societe Generale (Euronext: GLE) was down 0.33 percent to €119.24, Dexia (Euronext: DEXB; Euronext: DX) dropped 0.5 percent to €19.86 and BNP Paribas (Euronext: BNP; TYO: 8665) was down 0.88 percent to €77.71 for the worst performance on the CAC-40.

    Commerzbank (FWB: CBK) was 1.01 percent lower to €29.40.

    Insurer Allianz (FWB: ALV; NYSE: AZ) fell 0.92 percent to €157.22, while financial planner MLP (FWB: MLPG) had the worst day on the Dax with a decline of 2.67 percent to €12.02.

    Truck manufacturer Man (FWB: EDF1) was the best performer on the Dax, adding 4.46 percent to €103.59.

    Elsewhere in motor vehicle manufacturing, Peugeot (Euronext: UG; OTC: PEUGY) gained 1.55 percent to €61.11.

    Other gainers included cement maker Lafarge, which was up 1.42 percent to €115.09, helped by a US Commerce Department report that showed new home sales gained 2.8 percent in July over the previous month.

    In the oil sector, Total (Euronext: FP; NYSE: TOT) added 1.39 percent to €54.14 and Saipem (ISE: SPM) gained 3.9 percent to €26.33 as crude oil prices saw gains.





    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 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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