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    October 29, 2007

    European carmakers higher on Nissan gains

    Filed under: Other, Volkswagen, Peugeot, Renault, Air France-KLM, Metro, Lufthansa, Bayer, EADS, Man

    Markets in Europe were higher on Monday.

    The FTSE Eurofirst 300 was 0.68 percent higher to 1,587.6.

    The Paris CAC-40 added 0.71 percent to 5,836.19 and the Dax gained 0.76 percent to 8,009.67, while the IBEX was up 0.86 percent to 15,738.1.

    Carmakers were higher after Japanese automobile manufacturer Nissan (TYO: 7201) defied predictions and reported higher profits in a quarterly report.

    Peugeot (Euronext: UG; OTC: PEUGY) had the best day on the CAC-40 with a gain of 4.07 percent to €63.96, while Renault (Euronext: RNO) was up 3.83 percent to €115.16 and Volkswagen (FWB: VOW; OTC: VLKAY) added 3.21 percent to €187.87.

    Truck maker Man (FWB: EDF1) fell 0.29 percent to €119.84.

    Retailer Metro (FWB: MEO) was the best performer on the Dax, gaining 3.37 percent to €61.01.

    In the pharmaceuticals sector, Bayer (FWB: BAY; TYO: 4863) put in the worst performance on the Dax, where it dropped 0.84 percent to €57.85 after study results did not bear out the possibility that higher doses of a multiple sclerosis drug would be of more help to patients than a standard dose.

    Airlines were lower on the session.

    Lufthansa (FWB: LHA) was down 0.25 percent to €20.01, while Air France (Euronext: AF; NYSE: AKH) was 1.16 percent lower to €25.53.

    Aerospace group EADS (Euronext: EAD; FWB: EAD) had the worst day on the CAC-40 as it dropped 1.67 percent to €24.09.





    October 26, 2007

    IBEX adds 1.42 percent on session

    Filed under: Other, Volkswagen, Peugeot, Renault, Air France-KLM, France Telecom, Eon, Suez, Deutsche Telekom, Banco Santander Central Hispano, Lufthansa, Acciona, Man

    European markets saw gains Friday.

    The pan-European FTSE Eurofirst 300 was 0.62 percent higher to 1,576.75.

    Frankfurt’s Dax was up 0.21 percent to 7,949.17, while the Paris CAC-40 gained 0.6 percent to 5,794.87 and the IBEX jumped 1.42 percent to 15,603.9.

    In Madrid, Banco Santander (IBEX-35: SAN; LSE: BNC; NYSE: STD) added 1.6 percent to €14.38 as Citigroup upgraded it from “hold” to “buy”, while builder Acciona (IBEX-35: ANA) was up 2.7 percent to €215.

    Carmakers were up in Europe on quarterly results.

    Renault (Euronext: RNO) was 3.32 percent higher to €110.91, gaining on news that Nissan Motor’s (TYO: 7201) quarterly report.

    Renault owns 44 percent of Nissan.

    Peugeot (Euronext UG; OTC: PEUGY) added 6.31 percent to €61.46 for the best performance on the CAC-40 after it said sales were up 12 percent in the third quarter.

    Meanwhile, Volkswagen (FWB: VOW; OTC: VLKAY) had the best day on the Dax as it gained 4.18 percent to €181.91 ahead it its third-quarter results.

    Truck maker Man (FWB: EDF1) was also higher, up 1.08 percent to €119.88.

    Telecommunications utilities were mixed after Thursday’s gains.

    Deutsche Telekom (FWB: DT; LSE: DEU; TYO: 9496) was 2.51 percent higher to €14.27, but France Telekom (Euronext: FTE; NYSE: FTE) dropped 0.54 percent to €25.66.

    Gas and electricity utilities were also mixed as Suez (Euronext: SZE; NYSE: SZE) gained 1.19 percent to €44.93, but Eon (FWB: EOA; LSE: EON; NYSE: EON) fell 1.06 percent to €133.76.

    In the airlines sector, Air France (Euronext: AF; NYSE: AHK) was up 0.7 percent to €25.83 while Lufthansa (FWB: LHA) was down 0.64 percent to €20.07.





    October 19, 2007

    IBEX gains again amid European equities declines

    Filed under: Other, Volkswagen, Axa, Peugeot, Renault, Allianz, BNP Paribas, Commerzbank, EADS, Man, Vallourec, Gazprom, Groupe Bollore

    Most European markets were lower again on Friday, with IBEX again the notable exception with a gain of 0.15 percent to 15,529.7.

    The FTSE Eurofirst 300 dropped 0.56 percent to 1,564.44, while the CAC-40 was down 0.46 percent to 5,740.48 in Paris and the Dax was 0.47 percent lower to 7,884.12 in Frankfurt.

    The biggest gainer on the Dax was Volkswagen (FWB: VOW; OTC: VLKAY), which added 1.1 percent to €177.98.

    Truck maker Man (FWB: EDF1) was 0.86 percent higher to €123.11.

    Both are still up on bids rumors.

    Elsewhere in the sector, however, Peugeot (Euronext UG; OTC: PEUGY) was down 2.4 percent to €56.63 and Renault (Euronext: RNO) was 2.42 percent lower to €106.05.

    Some banks were lower on the resurgence of worries about the credit markets.

    BNP Paribas (Euronext: BNP; TYO: 8665) dropped 1.25 percent to €75.67 and Commerzbank (FWB: CBK) fell 2.24 percent to €30.08. Insurers also saw declines.

    Axa (Euronext: CS; NYSE: AXA) was down 1.31 percent to €30.08, while Allianz (FWB: ALV; NYSE: AZ) was 2.39 percent lower to €155.73.

    Steel products manufacturer Vallourec (Euronext: VK) added 1.13 percent to €209.66 on rumors that Russia’s Gazprom (RTS: GAZP; MICEX: GAZP; LSE: OGZD) is interested in buying a stake in Vallourec from Groupe Bollore (Euronext: BOL), a holding company with interestes in logistics, paper, and plastics.

    The best performer on the CAC-40 was aerospace and defense group EADS (Euronext: EAD; FWB: EAD) with a gain of 3.6 percent to €23.86.





    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 15, 2007

    European equities lower on session

    Filed under: Other, Peugeot, Renault, Air France-KLM, Michelin, Eon, Suez, RWE, EDF, Gaz de France, LVMH, Total, Lufthansa

    European markets declined Monday.

    The FTSE Eurofirst 300 dropped 0.91 percent to 1,586.36.

    Madrid’s IBEX fell 0.48 percent to 15,187.5, while the CAC-40 was down 0.62 percent to 5,807.44 in Paris and Frankfurt’s Dax was 0.89 percent lower to 7,969.47.

    The best performer on the CAC-40 was luxury goods manufacturer LVMH (Euronext: MC), which added 2.55 percent to €87.68 after it reported sales up by 8 percent in the past 9 months.

    Utilities were also higher.

    EDF (Euronext: EEN) gained 0.3 percent to €77.75, while RWE (FWB: RWE) added 0.37 percent to €89.69 and Eon (FWB: EOA; LSE: EON; NYSE: EON) was up 0.77 to 129.15 for the best performance on the Dax.

    Gaz De France (Euronext: GAZ) was 0.82 percent higher to €38.15 while Suez (Euornext: SZE; NYSE: SZE) added 0.89 percent to €42.93.

    In the oil sector, Total (Euronext: FP; NYSE: TOT) gained 1.51 percent to €56.43.

    Peugeot (Euronext: UG; OTC: PEUGY) turned in the worst performance on the CAC-40 as it dropped 3.7 percent to €57.85, while Renault (Euronext: RNO) was down 2.06 percent to €108.14.

    In the related tire making sector, Michelin (Euronext: ML) fell 2.9 percent to €96.83.

    Airlines also saw declines.

    Lufthansa (FWB: LHA) was 1.74 percent lower to €20.86 while Air France (Euronext: AF; NYSE: AKH) dropped 2.19 percent to €27.20.





    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 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 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 24, 2007

    European banks down on Deutsche Bank news

    Filed under: Other, Deutsche Bank, Infineon, BMW, Renault, BNP Paribas, Societe Generale, Commerzbank, ThyssenKrupp, Deutsche Borse, Mittal Steel, Vallourec, Schneider Electric

    European markets were mixed on the session.

    The FTSE Eurofirst 300 was up, but only by 0.01 percent, or one-fifth of a point, to 1,546.48.

    Madrid’s IBEX added 0.32 percent to 14,497.6, but the Dax dropped 0.08 percent to 7,787.92 in Frankfurt, while the Paris CAC-40 fell 0.14 percent to 5,692.49.

    Banks were lower after Deutsche Bank (FWB: DBK; NYSE: DB) was expected to have to write off as much as €1.7 billion (£1.2 billion; $2.4 billion) because of its exposure in the current credit mess.

    Deutsche Bank was down 1.8 percent to €90.24, while Commerzbank (FWB: CBK) was the worst performer on the Dax as it dropped 4.34 percent to €28.44.

    Societe Generale (Euronext: GLE) was 1.35 percent lower to €118.96, while BNP Paribas (Euronext: BNP; TYO: 8665) fell 2.27 percent to €75.32.

    In the semiconductors sector, Infineon (FWB: IFX; NYSE: IFX) was down 3 percent to €11.68.

    Schneider Electric (Euronext: SCHN) was the worst performer on the CAC-40 as it fell 3.59 percent to €91.27 on a downgrade from Citigroup (NYSE: C).

    Stock exchange operator Deutsche Boerse (FWB: DB1) had the best day on the Dax, adding 3.67 percent to €93.80, while utility EDF (Euronext: EEN) turned in the best performance on the CAC-40 with a gain of 2.86 percent to €72.56.

    The steel sector saw gains.

    ThyssenKrupp (FWB: TKA; NYSE: THK) was up 0.82 percent to €44.43, while Mittal Steel (Euronext: MT; NYSE: MT) was 1.53 percent higher to €54.95 and steel products manufacturer Vallourec (Euronext: VK) gained 1.04 percent to €203.83.

    Carmakers were also higher.

    Renault (Euronext: RNO) was up 1.03 percent to €101.03, while BMW (FWB: BMW) added 3.64 percent to €37.03.





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