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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 22, 2007

    European equities lower on renewed subprime worries

    Filed under: Other, Volkswagen, Societe Generale, Commerzbank, Air France-KLM, Lufthansa, Bayer, Mittal Steel, Man, Vinci, Vallourec, Bouygues

    European markets were lower on Monday as subprime concerns reemerged after comments from the G7 summit concerning a slowing global economy.

    The FTSE Eurofirst 300 dropped 1.3 percent to 1,543.56 while Madrid’s IBEX fell by the same percentage to 15,327.8.

    The Dax fell 1.13 percent to 7,794.94 while the CAC-40 was 1.38 percent lower to 5,661.27.

    Banks saw declines.

    Societe Generale (Euronext: GLE) was down 2.43 percent to €113.85, while Commerzbank (FWB: CBK) dropped 2.92 percent to €29.19 after its CEO warned that profits will be hurt by US subprime problems.

    Drug maker Bayer (FWB: BAY; TYO: 48633) had the worst day on the Dax as it dropped 3.44 percent to €58.19.

    The worst performer of the day on the CAC-40 was Mittal Steel (Euronext: MT; NYSE: MT), with a decline of 3.74 percent to €52.99, while steel products manufacturer Vallourec (Euronext: VK).

    Builders were also lower.

    Bouygues (Euronext: EN), with holdings in both construction and media, was 2.43 percent lower to €61.41 and Vinci (Euronext: DG) dropped 2.52 percent to €51.54.

    The best performer on the Dax was Volkswagen (FWB: VOW; OTC: VLKAY), with a gain of 1.65 percent, while truck maker Man (FWB: EDF1) gained a bare 0.11 percent to €122.94.

    Airlines were also higher.

    Air France (Euronext: AF; NYSE: AKH) added 0.46 percent to €26.11 while Lufthansa (FWB: LHA) was 0.54 percent higher to €20.30.





    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.





    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 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 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 19, 2007

    Banks in substantial gains

    Filed under: Other, Deutsche Bank, Axa, Allianz, BNP Paribas, Societe Generale, Commerzbank, Michelin, Fresenius Medical Care, Essilor

    Banks began to recover in Europe as the markets there saw big gains.

    The FTSE Eurofirst 300 was 2.73 percent higher to 1,550.62.

    Frankfurt’s Dax gained 2.32 percent to 7,750.84, while the IBEX added 3.19 percent to 14,487.8 in Madrid and the Paris CAC-40 was up 3.27 percent to 5,730.82.

    Commerzbank (FWB: CBK) topped the leaders on the Dax with a gain of 5.51 percent to €28.91, while Deutsche Bank was 4.27 percent higher to €94.19.

    In Paris, BNP Paribas (Euronext: BNP; TYO; 8665) was up 5.14 percent to €78 and Societe Generale (Euronext: GLE) jumped 6.88 percent to €121.31.

    Insurers also did well.

    Allianz (FWB: ALV; NYSE: AZ) gained 4.17 percent to €157.97, while AXA (Euronext: CS; NYSE: AXA) was up 5.42 percent to €30.33.

    The best performance on the CAC-40, however, came from Michelin (Euronext: ML), which was 7.03 percent higher to €90.57.

    The tire maker was helped by the Fed’s decision to cut interest rates in the US, which is its biggest market.

    There was only one loser on the day on the CAC-40, where eyeglass lens maker Essilor International (Euronext: EF) dropped 0.16 percent to €43.19.

    The worst performance on the Dax came from the health care sector as Fresenius Medical Care (FWB: FREG) fell 0.77 percent to €37.29.





    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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