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    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.





    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 10, 2007

    Energy-related shares higher in Europe

    Filed under: Other, Volkswagen, Peugeot, ThyssenKrupp, Eon, Metro, Carrefour, Total, Mittal Steel, Dexia, Alstom, Man, Lafarge, Hypovereinsbank, Vallourec, MLP, Bouygues

    The FTSE Eurofirst 300 was 0.84 percent lower to 1,482.25 as European markets declined on Monday.

    In Paris the CAC-40 fell 0.8 percent to 5,386.43, while the Dax dropped 0.82 percent to 7,375.44 in Frankfurt.

    Madrid’s IBEX was 1.06 percent lower to 13,726.3. Banks led both the CAC-40 and the Dax.

    HypoVereinsbank (FWB: HVM) added 0.62 percent to €40.82 in Frankfurt, while in Paris Dexia (Euronext: DEXB) was up 1.27 percent to €20.79.

    Energy-related shares were higher.

    Oil company Total (Euronext: FP; NYSE: TOT) gained 0.22 percent to €54.54, while utility Eon (FWB: EOA; LSE: EON; NYSE: EON) was 0.56 percent higher to €119.69 and power generator Alstom (Euronext: ALO) was up 0.87 percent to €127.79.

    The car and truck manufacturing sector was mixed.

    Volkswagen (FWB: VOW; OTC: VLKAY) gained 0.39 percent to €150.04 and Peugeot (Euronext: UG; OTC: PEUGY) added 0.63 percent to €56, but truck maker Man (FWB: EDF1) dropped 1.45 percent to €98.66.

    Retailers were mixed as well, with Metro (FWB: MEO) 0.61 percent higher to €60.61 but Carrefour (Euronext: CA) down 1.78 percent to €46.99.

    The steel sector was lower on the session.

    ThyssenKrupp (FWB: TKA; LSE: THK) was 2.02 percent lower to €39.77 and Mittal Steel (Euronext: MT; NYSE: MT) fell 2.9 percent to €45.13, while steel products manufacturer Vallourec (Euronext: VK) was down 2.89 percent to €176.84.

    Bouygues (Euronext: EN), with interest in both media and construction, was the worst performer on the CAC-40 as it fell 2.97 percent to €44.17.

    In a related sector, construction materials group Lafarge (Euronext: LG; NYSE: LR) was down 1.49 percent to €105.90. Meanwhile, financial planners MLP (FWB: MLP) had the worst day on the Dax with a drop of 2.11 percent to €11.18.





    September 6, 2007

    Total, Infineon lead CAC-40, Dax

    Filed under: Other, Infineon, ThyssenKrupp, Suez, Gaz de France, Total, STMicroelectronics, Mittal Steel, Vallourec, Adidas-Salomon, Saint-Gobain

    Most European markets were higher on the session after the European Central Bank voted to keep interest rates at 4 percent.

    Madrid’s IBEX, however, dropped 0.29 percent to 14,198.4.

    The FTSE Eurofirst 300 was 0.17 percent higher to 1,525.2.

    In Frankfurt, the Dax added 0.44 percent to 7,621.72, while the CAC-40 was up 0.45 percent to 5,576.62 in Paris.

    The best performer on the day on the CAC-40 was in the oil sector, where Total (Euronext: FP; NYSE: TOT) gained 1.75 percent to €55.69.

    The first spot on the Dax went to Infineon (FWB: IFX; NYSE: IFX), which was 5.03 percent higher to €12.10.

    Also in the semiconductors sector, STMicroelectronics (Euronext: STM; NYSE: STM) was up 1.33 percent to €12.96.

    Utilities were mixed.

    While Suez (Euronext: SZE; NYSE: SZE) added 0.83 percent to €39.08, Gaz de France (Euronext: GAZ) was 0.83 percent lower to €34.02.

    The steel sector was also mixed on the session.

    Mittal Steel (Euronext: NT; NYSE: MT) was up 0.86 percent to €48.03, but ThyssenKrupp (FWB: TKA; LSE: THK) dropped 0.31 percent to €41.70.

    Meanwhile, steel products manufacturer Vallourec (Euronext: VK) was also lower as it fell 0.97 percent to €189.21.

    The biggest loser on the day on the Dax was sportswear and sporting goods group Adidas-Salomon (FWB: ADS), which dropped 0.78 percent to €42.97.

    The worst performance on the CAC-40 came from manufacturer Saint-Gobain (Euronext: SGO), with a decline of 1.3 percent to €75.42.





    September 4, 2007

    Unibail adds 4.3 percent in Paris

    Filed under: Other, Deutsche Bank, Volkswagen, Peugeot, Renault, BNP Paribas, Societe Generale, Commerzbank, Suez, Gaz de France, Total, STMicroelectronics, Dexia, Unibail, Altana, Fresenius Medical Care

    European markets were higher on Tuesday.

    The FTSE Eurofirst 300 added 0.62 percent to 1,548.76.

    The IBEX was 0.3 percent higher to 14,590.1 in Madrid, while the Paris CAC-40 gained 0.38 percent to 5,672.72 and Frankfurt’s Dax was up 0.96 percent to 7,721.77.

    Property investment and management group Unibail (Euronext: UL) had the best day on the CAC-40, adding 4.3 percent to €185.40.

    Meanwhile, chemicals group Altana (FWB: ALT; NYSE: AAA) was the best performer on the Dax with a gain of 3.02 percent to €17.43.

    Banks saw gains.

    BNP Paribas (Euronext: BNP; TYO: 8665) was 1.2 percent higher to €78.30, while Commerzbank (FWB: CBK) gained 2.8 percent to €30.94.

    Societe Generale (Euronext: GLE) was up 1.21 percent to €121.97, Deutsche Bank (FWB: DBK; NYSE DB) added 2.92 percent to €94.16, and Dexia (Euronext: DEXB) was 2.86 percent higher to €20.89.

    Other gainers on the day included oil group Total (Euronext: FT; NYSE: TOT), which gained 0.98 percent to €55.37.

    In the semiconductors sector, STMicroelectronics added 1.64 percent to €13.02, while healthcare group Fresenius Medical Care (FWB: FREG) was 1.63 percent higher to €36.07.

    Carmakers were lower on the session.

    Volkswagen (FWB: VOW; OTC: VLKAY) had the worst day on the Dax, where it dropped 0.5 percent to €152.11, while Peugeot (Euronext: UG; OTC: PEUGY) put in the worst performance on the CAC-40 with a decline of 3.63 percent to €59.44.

    Renault also declined, falling 0.88 percent to €99.05.

    Utilities lost ground as weel, with Suez dropping 1.61 percent to €39.71 and Gaz de France ending at €35, a decline of 2.26 percent after the two said that they had agreed to new terms regarding their merger.





    August 24, 2007

    Financial services groups see declines

    Filed under: Other, Peugeot, Allianz, BNP Paribas, Societe Generale, Agricole, Commerzbank, Saipem, Total, Dexia, Man, Lafarge, MLP

    European markets were mostly higher, but the Dax dropped 0.06 percent to 7,507.27 in Frankfurt.

    The FTSE Eurofirst 300 added 0.34 percent.

    In Madrid, IBEX was up 0.29 percent to 14,334.4 while the Paris CAC-40 gained 0.83 percent to 5,569.38.

    Banks and other financials service groups saw declines on the session.

    Credit Agricole (Euronext: ACA) fell 0.11 percent to €27.49, while Societe Generale (Euronext: GLE) was down 0.33 percent to €119.24, Dexia (Euronext: DEXB; Euronext: DX) dropped 0.5 percent to €19.86 and BNP Paribas (Euronext: BNP; TYO: 8665) was down 0.88 percent to €77.71 for the worst performance on the CAC-40.

    Commerzbank (FWB: CBK) was 1.01 percent lower to €29.40.

    Insurer Allianz (FWB: ALV; NYSE: AZ) fell 0.92 percent to €157.22, while financial planner MLP (FWB: MLPG) had the worst day on the Dax with a decline of 2.67 percent to €12.02.

    Truck manufacturer Man (FWB: EDF1) was the best performer on the Dax, adding 4.46 percent to €103.59.

    Elsewhere in motor vehicle manufacturing, Peugeot (Euronext: UG; OTC: PEUGY) gained 1.55 percent to €61.11.

    Other gainers included cement maker Lafarge, which was up 1.42 percent to €115.09, helped by a US Commerce Department report that showed new home sales gained 2.8 percent in July over the previous month.

    In the oil sector, Total (Euronext: FP; NYSE: TOT) added 1.39 percent to €54.14 and Saipem (ISE: SPM) gained 3.9 percent to €26.33 as crude oil prices saw gains.





    August 21, 2007

    Banks, utilities oil sector lower

    Filed under: Other, Deutsche Bank, Volkswagen, Renault, Agricole, Repsol, Air France-KLM, Eon, Carrefour, EDF, Total, Banco Santander Central Hispano, Bayer, Acciona, Dexia, Alstom, Man, PPR, Banco Bilbao

    European markets were mixed Tuesday.

    The FTSE Eurofirst 300 was 0.15 percent lower to 1,479.61.

    While the Dax and the CAC-40 were higher, by 0.23 percent to 7,424.75 and by 0.36 percent to 5,418.78 respectively, Madrid’s IBEX fell 0.21 percent to 14,239.8.

    Credit Agricole (Euronext: AGA) was 0.26 percent lower to €27.82, while Spain’s Banco Santander (IBEX-35: SAN; NYSE: STD; LSE: BNC) dropped 0.5 percent to €13.39, Deutsche Bank (FWB: DBK; NYSE: DB) fell 0.81 percent to €92.38, Banco Bilbao (IBEX-35: BBVA; NYSE: BBV) was down 1.1 percent to €16.80 and Dexia (Euronext: DEXB; Euronext: DX) dropped 1.76 percent to €19.59 for the worst performance of the day on the CAC-40.

    Utilities were also lower.

    EDF (Euronext: EEN) was down 0.66 percent to €70.40, while Eon (FWB: EOA; NYSE: EON; LSE: EON) fell 1.14 percent to €117.47. Power generator Alstom (Euronext: ALO) was 0.15 percent lower to €122.19.

    The oil sector was down as oil prices fell as Hurricane Dean seemed to become less of a threat to Gulf of Mexico oil facilities.

    Total (Euronext: FP; NYSE: TOT) dropped 0.4 percent to €52.47, while Repsol (IBEX-35: REP) was 0.8 percent lower to €26.03.

    Car and truck makers were mixed.

    While Volkswagen (FWB: VOW; OTC: VLKAY) added 2.09 percent to €150.74, Renault (Euronext: RNO) fell 0.64 percent to €94.29 and Man (FWB: EDF1) was down 0.89 percent to €94.17.

    The best performance on the day on the Dax came from drug maker Bayer (FWB: BAY; NYSE: BAY; TYO: 4863), which added 3.82 percent to €56.72 on continuing rumors that Novartis (NYSE: NVS) is about to make an offer.

    Air France had the best day on the CAC-40 with a gain of 3.66 percent to €28.30.

    The retail sector saw gains in Paris.

    Luxury goods retailer PPR (Euronext: PP), whose subsidiaries include Gucci, was 1.12 percent higher to €115.73, while Carrefour (Euronext: CA) added 1.65 percent to €48.79.





    August 6, 2007

    Infineon lower after firing CFO

    Filed under: Other, Infineon, Volkswagen, DaimlerChrysler, Renault, Societe Generale, Commerzbank, Michelin, Sanofi-Aventis, BASF, Total, Dexia, Fresenius Medical Care

    Most European markets were lower Monday, with the major exception of Frankfurt’s Dax, which added 0.11 percent to 7,444.04 on the session.

    The FTSE Eurofirst 300 fell 0.85 percent to 1,504.27.

    The IBEX dropped 0.7 percent to 14,432.1 in Madrid, while the Paris CAC-40 was 1.16 percent lower to 5,532.99.

    Some banks were higher on the session.

    Societe Generale (Euronext: GLE) added 0.25 percent to €128.25 in Paris, while Commerzbank (FWB: CBK) gained 1.37 percent to €29.57 in Frankfurt.

    Elsewhere in financial services, lender Dexia (Euronext: DEXB, DX) added 2.85 percent to €20.54 after it said it would address the issue of its exposure to the subprime market in a conference.

    It was the first gain for the lender in 12 sessions, and the best performer on the day on the CAC-40.

    In the pharmaceuticals sector, Sanofi (Euronext: SAN; NYSE: SNY) added 0.23 percent to €59.93.

    Fresenius Medical Care (FWB: FREG) was up 1.95 percent to €35.99.

    The best performer on the day on the Dax was chemicals group BASF (FWB: BAS; LSE: BFA; NYSE: BF), which added 1.98 percent to €93.68.

    The worst performance on the Dax came from Infineon (FWB: IFX; NYSE: IFX), which fell 3.91 percent to €11.27 after it fired its CFO due to “irreconcilable differences”.

    Michelin fell the most on the CAC-40, dropping 3.73 percent to €88.28.

    Carmakers, meanwhile, were mixed.

    Volkswagen (FWB: VOW; OTC; VLKAY) added 1.44 percent to €140.90, but DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) was down 2.04 percent to €64.39 and Renault (Euronext: RNO) was 2.44 percent lower to €100.96.

    In the oil sector, Total fell 2.01 percent to €53.61 as oil prices dropped and worries arose that demand will slow if the US economy falters.





    August 3, 2007

    Total lower on sector downgrade

    Filed under: Other, Volkswagen, BMW, Commerzbank, Air France-KLM, BASF, Linde, Total, Lufthansa, Man, Lafarge

    European markets went into reverse again on Friday.

    The FTSE Eurofirst 300 was 1.34 percent lower to 1,516.42.

    The IBEX was 0.98 percent lower to 14,534.3 in Madrid, while the Dax fell 1.31 percent to 7,435.67 and the Paris CAC-40 was down 1.48 percent to 5,597.89.

    Volkswagen (FWB: VOW; OTC: VLKAY) had the best day on the Dax as it added 1.18 percent to €139.04, but the sector was mixed as BMW (FWB: BMW) fell 2.5 percent to €35.19.

    Truck maker Man (FWB: EDF1) gained 0.43 percent to €105.67.

    Airlines were also mixed.

    Lufthansa (FWB: LHA) was 0.67 percent higher to €20.97, but Air France (Euronext: AF; NYSE: AKH) dropped 2.25 percent to €32.56.

    Commerzbank (FWB: CBK) had the worst day on the Dax, falling 4.24 percent to €29.13, while in Paris construction materials group Lafarge (Euronext: LG; NYSE: LR) was 4.07 percent lower to €120.10 for the worst performance on the CAC-40.

    Other decliners included industrial gases group Linde (FWB: LIN), which was down 2.67 percent to €86.54.

    Chemicals group BASF (FWB: BFA; NYSE: BF) fell 2.18 percent to €91.65.

    In the oil sector, Total (Euronext: FP; NYSE: TOT) was down on lower prices for Brent crude and as Citigroup (NYSE: C) downgraded of the sector from “overweight” to “neutral” and suggested that investors put their money in raw materials producers instead.





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