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    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 11, 2007

    VW, France Telecom see best gains on Dax, CAC-40

    Filed under: Other, Deutsche Bank, Volkswagen, Societe Generale, Agricole, ThyssenKrupp, Air France-KLM, France Telecom, L'Oreal, Telefonica, Lufthansa, SAP, Mittal Steel, Vallourec

    European markets were higher on Thursday’ session.

    The FTSE Eurofirst 300 was up 0.6 percent to 1,599.12.

    The Paris CAC-40 was 0.42 percent higher to 5,862.83, while the Dax gained 0.59 percent to 8,033.69 and the IBEX jumped 1.59 percent to 15,100.

    Volkswagen (FWB: VOW; OTC: VLKAY) was the biggest gainer on the Dax, where it added 4.75 percent to €183.60.

    Over on the CAC-40, France Telecom (Euronext: FTE; NYSE: FTE) was up 4.24 percent to €24.12 after Telefonica (IBEX-35: TEF) said its divedend would go up.

    The steel sector saw gains, with Mittal Steel (Euronext: MT; NYSE: MT) adding 1.64 percent to €56.48 and ThyssenKrupp (FWB: TKA; LSE: THK) gaining 2.54 percent to €45.18.

    Steel products manufacturer Vallourec (Euronext: VK) was 2.64 percent higher to €220.38.

    Airlines were mixed on the session.

    Lufthansa (FWB: LHA) added 2.36 percent to €21.69, but Air France (Euronext: AF; NYSE: AKH) was down 1.66 percent to €28.39.

    Banks were lower.

    Deutsche Bank (FWB: DBK; NYSE: DB) dropped 0.66 percent to €93.20, while Credit Agricole (Euronext: ACA) was down 0.82 percent to €27.70 and Societe Generale (Euronext: GLE) was 0.95 percent lower to €123.70.

    L’Oreal (Euronext: OR) had the worst day on the CAC-40, dropping 1.75 percent to €90.71 after it lost a legal action intended to prevent another firm from selling a perfume similar to one of its products.

    Meanwhile, software maker SAP (FWB: SAP; NYSE: SAP) was the worst performer on the Dax, falling 1.99 percent to €38.79.





    October 10, 2007

    EADS gains on new contract

    Filed under: Other, Deutsche Bank, Volkswagen, Renault, Societe Generale, Agricole, ThyssenKrupp, Air France-KLM, Eon, EDF, Lufthansa, EADS, Mittal Steel, Man

    European markets were mixed on Wednesday, with most seeing slight gains.

    However, the Paris CAC-40 fell a bit, down 0.04 percent to 5,838.49.

    The FTSE Eurofirst 300 added 0.12 percent to 1,589.53, while Madrid’s IBEX was up 0.01 percent to 14,863.8 and the Dax gained 0.08 percent to 7,986.57.

    Aerospace group EADS (Euronext: EAD; FWB: EAD) was 1.56 percent higher in Paris to €22.80 on the news that a Singapore airline had ordered 30 Airbus SAS A320 aircraft, with an option to purchase 20 more.

    Airlines were also higher.

    Lufthansa (FWB: LHA) was up 1.3 percent to €21.22 on increased passenger traffic in September after the airline added flights in several regions of the world, Air France (Euronext: AF; NYSE: AKH) gained 1.55 percent to €28.87.

    Utilities and the steel sector were mixed.

    EDF (Euronext: EEN) up 0.96 percent to €77.60 but Eon (FWB: EOA; LSE: EON; NYSE: EON) dropped 0.8 percent to €127.55.

    Mittal Steel (Euronext: MT; NYSE: MT) added 1.42 percent to €55.57, while ThyssenKrupp (FWB: TKA; LSE: THK) was 1.19 percent lower to €44.12 on a broker recommendation that was dropped from “hold” to “sell”.

    Among car and truck makers, Man (FWB: EDF1) was 1.8 percent higher to €120.76 and Volkswagen (FWB: VOW; OTC: VLKAY) gained 1.65 percent to €175.47, but Renault (Euronext: RNO) dropped 1.41 percent to €111.84.

    Banks were lower.

    Deutsche Bank (FWB: DBK; NYSE: DB) was 0.73 percent lower to €93.88, while Societe Generale (Euronext: GLE) was down 1.27 percent to €124.89 and Credit Agricole (Euronext: ACA) dropped 2.1 percent to €27.93.





    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.





    October 5, 2007

    Carmakers make gains in Europe

    Filed under: Other, Infineon, Volkswagen, BMW, Renault, Lagardere, Mittal Steel, Lafarge, Vinci, Vallourec, MLP

    Markets were higher in Europe to end the week.

    The FTSE Eurofirst 300 was up 0.62 percent to 1,582.48.

    In Paris, the CAC-40 was 0.67 percent higher to 5,843.24 while the Dax added 0.73 percent to 8,002.18 in Frankfurt and Madrid’s IBEX jumped 1.18 percent to 14,892.1.

    The automobile manufacturing sector was higher.

    BMW (FWB: BMW) was up 1.82 percent to €39.26, while Renault (Euronext: RNO) gained 2.11 percent to €111.36.

    Volkswagen (FWB: VOW; OTC: VLKAY) added 4.38 percent to €168.17 on rumors that Porsche (FWB: POR3) could add to its stake in VW.

    The steel sector also saw gains.

    Mittal Steel (Euronext: MT; NYSE: MT) had the best day on the CAC-40 with a gain of 2.7 percent to €55.20, while steel products manufacturer Vallourec (Euronext: VK) was up 1.38 percent to €206.93.

    Financial planners MLP (FWB: MLP) was the best performer on the Dax as it added 5.62 percent to €11.41.

    Construction materials group Lafarge (Euronext: LG; NYSE: LR) gained 1.4 percent to €117.15, but builder Vinci (Euronext: DG) dropped 0.49 percent to €54.87.

    The worst performance on the CAC-40 came from Lagardere (Euronext: MMB) with a decline of 1.47 percent to €58.48.

    Meanwhile, chipmaker Infineon (FWB: IFX; NSYE: IFX) had the worst day on the Dax, falling 2.28 percent to €11.15.





    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 27, 2007

    Airlines gain in Europe

    Filed under: Other, Peugeot, Renault, Allianz, BNP Paribas, Societe Generale, Air France-KLM, Lufthansa, SAP, STMicroelectronics, MLP, Groupe Danone, Saint-Gobain

    Europe’s markets saw gains on Thursday.

    The FTSE Eurofirst 300 was 0.72 percent higher to 1,550.68.

    In Madrid, the IBEX gained 0.48 percent to 14,582.9.

    The Dax was up 0.64 percent to 7,853.79, while the Paris CAC-40 added 0.75 percent to 5,733.37.

    Airlines were higher, with Lufthansa (FWB: LHA) turning in the best performance on the Dax as it added 2.67 percent to €20.34. Air France was also higher, gaining 4.27 percent to €26.14.

    Banks saw gains, with Societe Generale (Euronext: GLE) up 1.84 percent to €120.16 and BNP Paribas (Euronext: BNP; TYO: 8665) as it added 2.76 percent to €76.31.

    Insurer Allianz (FWB: FWB: ALV; NYSE: AZ) was up 1.86 percent to €163.46.

    Manufacturer Saint-Gobain (Euronext: SGO) had the best day on the CAC-40, gaining 5.21 percent to €73.09.

    Carmakers were mixed.

    Peugeot (Euronext: UG; OTC: PEUGY) was 1.79 percent higher to €58.13 and Renault (Euronext: RNO) was up 1.87 percent to €101.77, but BMW (FWB: BMW) dropped 1.36 percent to €37.74.

    In the semiconductors sector, STMicroelectronics (Euronext: STM; NYSE: STM) was down 0.85 percent to €11.70, while software maker SAP (FWB: SAP; NYSE: SAP) was 1 percent lower to €40.75.

    Financial planners MLP (FWB: MLP) had the worst day on the Dax as it dropped 2.48 percent to €9.04.

    Meanwhile, food processor Groupe Danone (Euronext: BN; NYSE: DA) had the worst performance on the CAC-40, falling 1.63 percent to €56.





    September 26, 2007

    Utilities send European markets higher

    Filed under: Other, BMW, Peugeot, BNP Paribas, Eon, Suez, RWE, BASF, EDF, Gaz de France, Accor, Deutsche Borse, Dexia, Altana, Cap Gemini

    In Europe, equities markets were higher on Wednesday.

    The FTSE Eurofirst 300 was 0.65 percent higher to 1,539.28. Frankfurt’s Dax was up 0.45 percent to 7,804.15, while the CAC-40 added 0.87 percent to 5,690.77 and the IBEX jumped 1.59 percent to 14,540.5 in Madrid.

    Utilities saw gains.

    In Frankkfurt, RWE (FWB: RWE) and Eon (FWB: EOA; LSE: EON; NSYE: EON) both had their target share prices increased by JP Morgan Chase (NYSE: JPM; TYO: 8634).

    Eon was 1.26 percent higher to €129.44, while RWE was up 1.72 percent to €88.26.

    EDF (Euronext: EEN) added 1.77 percent to €74.24 and Suez (Euronext: SZE; NYSE: SZE) gained 2.43 percent to €40.88, while Gaz de France (Euronext: GAZ) jumped 2.98 percent to €35.99.

    IT group Cap Gemini (Euronext: CAP) had the best day on the CAC-40 with a gain of 5.93 percent to €42.70, while stock exchange operator Deutsche Boerse (FWB: DB1) turned in the best performance on the Dax as it added 3.44 percent to €96.86.

    Banks were mixed, with BNP Paribas (Euronext: BNP; TYO: 8665) down 0.05 percent to €74.26 but Dexia (Euronext: DEXB) 1.68 percent higher to €21.21.

    The automobile manufacturing sector was also mixed.

    Peugeot (Euronext: UG; OTC: PEUGY) dropped 0.33 percent to €57.11 while BMW (FWB: BMW) was up 3.37 percent to €38.16.

    The chemicals sector declined in Frankfurt.

    BASF (FWB: BFA; NYSE: BF) was 1.05 percent lower to €96.64, while Altana (FWB: ALT; NYSE: AAA) had the worst day on the Dax as it dropped 1.21 percent to €17.11.

    Hotels operator Accor (Euronext: AC) declined the most on the CAC-40 as it fell 0.68 percent to €60.19.





    September 25, 2007

    European oil sector lower

    Filed under: Other, Societe Generale, Agricole, Commerzbank, Statoil, ThyssenKrupp, Air France-KLM, Eon, Suez, RWE, EDF, Total, Mittal Steel, Lafarge, Vinci

    In Europe, equities markets declined on Tuesday as commodities-related shares fell with oil and metals prices.

    The Eurofirst 300 fell 1.04 percent to 1,529.91.

    The Dax dropped 0.24 percent to 7,769.44, while the CAC-40 was 0.89 percent lower to 5,641.59 and the IBEX was down 1.3 percent to 14,304.8.

    The oil sector declined as Total (Euronext: FP; NYSE: TOT) fell 1.57 percent to €57.18 and Statoil (OSE: STL; NYSE: STO) was 2.1 percent lower to Nkr186.25.

    The steel sector was mixed, with ThyssenKrupp (FWB: TKA; LSE: THK) up 0.94 percent to €44.88 on the news that it will participate in the building of a high-speed rail line from the center of Munich to the airport there.

    On the other hand, Mittal Steel down 1.55 percent to €54.10. Banks declined, still upset by problems in credit markets.

    Commerzbank (FWB: CBK) fell 1.55 percent to €27.95.

    Credit Agricole (Euronext: ACA) was 1.57 percent lower to €26.94 after Merrill Lynch (NYSE: MER; TYO: 8675) placed it on its “least preferred” list, while Societe Generale (Euronext: GLE) dropped 1.72 percent to €116.95.

    Builder Vinci (Euronext: DG) was 2.38 percent lower to €53.72, while construction materials group Lafarge (Euronext: LG; NYSE: LR) fell 2.57 percent to €105.73.

    The best performance on the CAC-40 came from Air France, which added 2.38 percent to €24.95 after it said it will raise prices to cover fuel charges.

    Utilities were also higher with Eon (FWB: EOA; LSE: EON; NYSE: EON), at the top of the leaders on the Dax, gaining 1.28 percent to €128.38.

    RWE (FWB: RWE) added 1.1 percent to €86.94, while EDF (Euronext: EEN) gained 0.54 percent to €72.95 and Suez (Euronext: SZE; NYSE: SZE) was up 0.1 percent to €39.91.





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