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    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.





    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 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 2, 2007

    Fresenius Medical Care higher on profits report

    Filed under: Other, BNP Paribas, Societe Generale, France Telecom, Suez, RWE, EDF, Deutsche Telekom, Total, Henkel, Fresenius Medical Care, Schneider Electric, Cap Gemini

    Equities markets saw gains in Europe on Thursday.

    The FTSE Eurofirst 300 added 0.64 percent to 1,536.03.

    In Paris the CAC-40 was 0.49 percent higher to 5,682.07, while the IBEX gained 0.6 percent to 14,682.7 in Madrid and the Dax was up 0.81 percent to 7,534.13 in Frankfurt.

    Banks saw gains in Paris, with Societe Generale (Euronext: GLE) adding 4.3 percent to €129.89 for the best performance of the day on the CAC-40 after it reported that net profits were up by almost 33 percent in the quarter ending in June.

    BNP Paribas, meanwhile, was 1.43 percent higher to €81.80 on target share price updates from UBS (NYSE: UBS; SWX: UBSN; TYO: 8657) and Credit Suisse (NYSE: CS; SWX: CSGN), from €97 to €104 and from €100 to €103 respectively.

    In Frankfurt, the best performer on the session came from Fresenius Medical Care (FWB: FREG), which gained 3.87 percent to €35.87 after it reported that second quarter profits rose by 38 percent, topping analyst estimates.

    Fresenius also increased its full-year sales forecast.

    In the telecommunications sector, France Telecom (Eurofirst: FTE; NYSE: FTE) was also aided by profits news, adding 3 percent to €20.25 after it reported that lower taxes and more broadband internet subscribers had sent first-half profits up by 41 percent.

    Deutsche Telekom (FWB: DTE; NYSE: DT; LSE: DEU; TYO: 9496) was also higher, gaining 2.72 percent to €12.87.

    Utilities were mixed, with Suez (Euronext: SZE; NYSE: SZE) up 1.61 to €38.58 and RWE (FWB: RWE) adding 1.54 percent to €78.94 but EDF (Euronext: EEN) down 0.56 percent to €74.35.

    The biggest loser in Paris on the day was Total (Euronext: FP; NYSE: TOT), which dropped 2.32 percent to €56.06.

    Consumer goods manufacturer Henkel (FWB: HEN3) fell 3.95 percent to €36.98 for the biggest decline of the session on the Dax.

    Other decliners included IT services group Cap Gemini (Euronext: CAP), which was 2.28 percent lower to €47.25.

    Schneider Electric (Euronext: SCHN) was down 0.75 percent to €97.76 after this week’s announcement that it has acquired the privately-held California-based security systems maker Pelco, the largest CCTV manufacturer in the US, for $1.54 billion cash.





    July 13, 2007

    Financial sectors gain

    Filed under: Other, Deutsche Bank, Axa, DaimlerChrysler, Renault, Allianz, BNP Paribas, Agricole, BASF, EDF, Lufthansa, Lafarge, Vinci, Marschollek, Schneider Electric, Groupe Danone

    Markets in Europe were higher on Friday, with the FTSE Eurofirst 300 adding 0.39 percent to 1,627.68.

    In Paris, the CAC-40 was 0.24 percent higher to 6,117.96, while the Dax gained 0.49 percent to 8,092.77 in Frankfurt and the IBEX was up 0.55 percent to 15,023.5.

    Financial services-related shares did well on the session.

    Among banks BNP Paribas (Euronext: BNP; TYO: 8665) added 0.71 percent to €87.37, while Credit Agricole (Euronext: ACA) gained 0.99 percent to €29.72 and Deutsche Bank (FWB: DBK; NYSE: DB) was 1.47 percent higher to €107.71.

    Insurance-focused groups also gained, with Allianz (FWB: ALV; NYSE: AZ) up 1.22 percent to €173.12 and Axa adding 1.87 percent to €32.64 for the best performance of the session on the CAC-40.

    Financial services group Marschollek (FWB: MLPG), now known as MLP, gained 5.4 percent to €15.89 as the day’s best performer on the Dax.

    Other sectors seeing gains on the day included utilities, as EDF (Euronext: EEN) added 0.79 percent to €76.76.

    In the chemicals sector, BASF (FWB: BAS; LSE: BFA; NYSE: BF) was up 1.87 percent to €98.88 on an increased target share price, from €92 to €105, issued by UBS (NYSE: UBS; SWX: UBSN; TYO: 8657).

    Schneider Electric (Euronext: SCHN) gained 1.51 percent to €104.77 after Citibank (NYSE: C) raised it recommendation from “hold” to “buy” and on compensation granted in a judgment that grew out of a blocked bid for Legrand (Euronext: LR).

    Carmakers saw declines to end the week, with Renault (Euronext: RNO) falling 0.5 percent to €116.66 and DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) dropping 0.85 percent to €68.78.

    Groupe Danone (Euronext: BN; NSYE: DA) was 3.36 percent lower to €57.02.

    Construction group Vinci (Euronext: DG) was 0.69 percent lower to €57.30, while building materials company Lafarge (Euronext: LG) fell 0.54 percent to €133.81.

    Airline Lufthansa (FWB: LHA) was down 0.82 percent to €20.58.





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