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    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 17, 2007

    IBEX gains almost 1 percent on session

    Filed under: Other, Infineon, ASML, ThyssenKrupp, Eon, Suez, Gaz de France, STMicroelectronics, Mittal Steel, Groupe Danone

    Markets in Europe were higher on Wednesday.

    The FTSE Eurofirst 300 added 0.49 percent to 1,583.69.

    In Frankfurt the Dax gained 0.29 percent to 7,985.41, while the Paris CAC-40 was up 0.77 percent to 5,818.8 and the IBEX jumped 0.99 percent to 15,430.5 in Madrid.

    Food processor Groupe Danone (Euronext: BN; NYSE: DA) was the best performer on the CAC-40, adding 3.58 percent to €56.15 after it said sales were up 7 percent over the past 9 months.

    Semiconductors group Infineon (FWB: IFX; NYSE: IFX) had the best day over on the Dax, gaining 2.13 percent to €11.04 after US rival Intel (NAS: INTC; SEHK: 4335) showed strong third-quarter results with profits up 43 percent and earnings coming in at 31 cents per share.

    Elsewhere in the sector, STMicroelectronics (Euronext: STM; NYSE: STM) was up 0.8 percent to €11.73.

    Meanwhile, chip making equipment manufacturer ASML (Euronext: ASML; NAS: ASMLD) jumped 8.2 percent to €24.35.

    The steel sector was mixed.

    Mittal Steel (Euronext: MT; NYSE: MT) was 2.3 percent higher to €55.16, but ThyssenKrupp (FWB: TKA; LSE: THK) dropped 0.16 percent to €43.18.

    Utilities were also mixed.

    Suez (Euronext: SZE; NYSE: SZE) added 1.93 percent to €43.88 and Gaz de France (Euronext: GAZ) was up 2.14 percent to €39.07, but Eon (FWB: EOA; NYSE: EON; LSE: EON) fell 0.27 percent to €131.51.





    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 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 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.





    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 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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