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    October 24, 2007

    Banks see declines in Europe

    Filed under: Other, Deutsche Bank, Volkswagen, Peugeot, BNP Paribas, Societe Generale, Commerzbank, Eon, RWE, Volvo, Dexia, Man

    European markets saw declines on Wednesday.

    The FTSE Eurofirst 300 was 0.56 percent lower to 1,549.26.

    In Frankfurt the Dax dropped 0.18 percent to 7,828.96 and in Paris the CAC-40 was down 0.53 percent to 5,674.67, while Madrid’s IBEX fell 1.29 percent to 15,231.3.

    Banks were hurt by the report on Merrill Lynch (NYSE: MER; TYO: 8675) writedowns.

    Deutsche Bank (FWB: DBK; NYSE: DB) was 0.7 percent lower to €87.24, while BNP Paribas (Euronext: BNP; TYO: 8665) was down 1.4 percent to €73.45 and Dexia (Euronext: DEXB) dropped 1.51 percent to €21.48.

    Societe Generale (Euronext: GLE) fell 1.78 percent to €111.82, UBS (SWX: USBN; NYSE: UBS; TYO: 8657) was 1.8 percent lower to SFr62.65, and Commerzbank (FWB: CBK) was down 2.76 percent to €28.38.

    Truck makers were mixed.

    Man (FWB: EDF1) dropped 1.69 percent to €120.43, while Volvo (OMXS: VOLV A, VOLV B; NAS: VOLV) added 5.2 percent to kr122 on a higher production estimate.

    Carmakers were higher, with Volkswagen (FWB: VOW; OTC: VLKAY) adding 1.66 percent to €172.62 after a change in the law made it more likely that Porsche (FWB: POR3) will make a full-on takeover bid.

    Peugeot (Euronext: UG; OTC: PEUGY) was up 0.11 percent to €56.54.

    Utilities were up in Frankfurt.

    Eon (FWB: EOA; NYSE: EON; LSE: EON) was 1.34 percent higher to €133.03, while RWE (FWB: RWE) gained 1.62 percent to €94.64.





    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 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 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.





    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 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 17, 2007

    European markets see declines

    Filed under: Other, Deutsche Bank, Deutsche Post, Eon, Suez, RWE, EDF, Deutsche Borse, STMicroelectronics, Alcatel-Lucent, Pernod Ricard, MLP, Schneider Electric, Essilor

    European markets were lower on Monday as the subprime crisis continued to cause disturbances.

    The FTSE Eurofirst 300 dropped 1.32 percent to 1,487.28.

    In Frankfurt, the Dax was 0.24 percent lower to 7,479.83, while Madrid’s IBEX fell 1.18 percent to 13,696.9 and the Paris CAC-40 was down 1.8 percent to 5,439.37.

    There were only four gainers on the CAC-40, led by eyeglass lens and frame maker Essilor International (Euronext: EF), which gained 0.53 percent to €43.58.

    Drinks group Pernod-Ricard was up 0.23 percent to €152.90.

    The other two gainers were both utilities.

    Suez (Euronext: SZE; NYSE: SZE) added 0.15 percent to €38.90 and EDF (Euronext: EEN) was 0.46 percent higher to €74.14.

    Utilities also saw gains on the Dax, where Eon (FWB: EOA; LSE: EON; NYSE: EON) gained 0.72 percent to €127.11 and RWE (FWB: RWE) was up 1.5 percent to €83.68.

    The best performer on the Dax was stock exchange operator Deutsche Boerse, which added 2.73 percent to €82.47.

    Big decliners included, in Paris, Alcatel-Lucent (Euronext: ALU; NYSE: ALU; TYO: 6687) with a drop of 5.23 percent to €6.16 and financial planner MLP (FWB: MLP), which fell 3.66 percent to €10.37.

    Others seeing declines included Deutsche Post (FWB: DPW; LSE: DPO) with a decline of 1.33 percent to €20.84.

    Deutsche Bank (FWB: DBK; NYSE: DB) dropped 2.05 percent to 88.22.

    Schneider Electric (Euronext: SCHN) was 5.02 percent lower to €87.83, while STMicroelectronics (Euronext: STM; NYSE: STM) fell 3.08 percent to €11.66.





    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.





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