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    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 19, 2007

    IBEX gains again amid European equities declines

    Filed under: Other, Volkswagen, Axa, Peugeot, Renault, Allianz, BNP Paribas, Commerzbank, EADS, Man, Vallourec, Gazprom, Groupe Bollore

    Most European markets were lower again on Friday, with IBEX again the notable exception with a gain of 0.15 percent to 15,529.7.

    The FTSE Eurofirst 300 dropped 0.56 percent to 1,564.44, while the CAC-40 was down 0.46 percent to 5,740.48 in Paris and the Dax was 0.47 percent lower to 7,884.12 in Frankfurt.

    The biggest gainer on the Dax was Volkswagen (FWB: VOW; OTC: VLKAY), which added 1.1 percent to €177.98.

    Truck maker Man (FWB: EDF1) was 0.86 percent higher to €123.11.

    Both are still up on bids rumors.

    Elsewhere in the sector, however, Peugeot (Euronext UG; OTC: PEUGY) was down 2.4 percent to €56.63 and Renault (Euronext: RNO) was 2.42 percent lower to €106.05.

    Some banks were lower on the resurgence of worries about the credit markets.

    BNP Paribas (Euronext: BNP; TYO: 8665) dropped 1.25 percent to €75.67 and Commerzbank (FWB: CBK) fell 2.24 percent to €30.08. Insurers also saw declines.

    Axa (Euronext: CS; NYSE: AXA) was down 1.31 percent to €30.08, while Allianz (FWB: ALV; NYSE: AZ) was 2.39 percent lower to €155.73.

    Steel products manufacturer Vallourec (Euronext: VK) added 1.13 percent to €209.66 on rumors that Russia’s Gazprom (RTS: GAZP; MICEX: GAZP; LSE: OGZD) is interested in buying a stake in Vallourec from Groupe Bollore (Euronext: BOL), a holding company with interestes in logistics, paper, and plastics.

    The best performer on the CAC-40 was aerospace and defense group EADS (Euronext: EAD; FWB: EAD) with a gain of 3.6 percent to €23.86.





    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 5, 2007

    Carmakers make gains in Europe

    Filed under: Other, Infineon, Volkswagen, BMW, Renault, Lagardere, Mittal Steel, Lafarge, Vinci, Vallourec, MLP

    Markets were higher in Europe to end the week.

    The FTSE Eurofirst 300 was up 0.62 percent to 1,582.48.

    In Paris, the CAC-40 was 0.67 percent higher to 5,843.24 while the Dax added 0.73 percent to 8,002.18 in Frankfurt and Madrid’s IBEX jumped 1.18 percent to 14,892.1.

    The automobile manufacturing sector was higher.

    BMW (FWB: BMW) was up 1.82 percent to €39.26, while Renault (Euronext: RNO) gained 2.11 percent to €111.36.

    Volkswagen (FWB: VOW; OTC: VLKAY) added 4.38 percent to €168.17 on rumors that Porsche (FWB: POR3) could add to its stake in VW.

    The steel sector also saw gains.

    Mittal Steel (Euronext: MT; NYSE: MT) had the best day on the CAC-40 with a gain of 2.7 percent to €55.20, while steel products manufacturer Vallourec (Euronext: VK) was up 1.38 percent to €206.93.

    Financial planners MLP (FWB: MLP) was the best performer on the Dax as it added 5.62 percent to €11.41.

    Construction materials group Lafarge (Euronext: LG; NYSE: LR) gained 1.4 percent to €117.15, but builder Vinci (Euronext: DG) dropped 0.49 percent to €54.87.

    The worst performance on the CAC-40 came from Lagardere (Euronext: MMB) with a decline of 1.47 percent to €58.48.

    Meanwhile, chipmaker Infineon (FWB: IFX; NSYE: IFX) had the worst day on the Dax, falling 2.28 percent to €11.15.





    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 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 13, 2007

    ThyssenKrupp higher on broker upgrade, new contract

    Filed under: Other, Infineon, BMW, Peugeot, ThyssenKrupp, RWE, EDF, Deutsche Borse, Lagardere, STMicroelectronics, Mittal Steel, Vivendi, Alcatel-Lucent, Vallourec, MLP

    The FTSE Eurofirst 300 was 1.02 percent higher to 6,363.9 as European markets made gains on Thursday.

    Madrid’s IBEX gained 0.7 percent to 14,077.8, the Dax added 0.84 percent to 7,535.97, and the Paris CAC-40 was up 1.05 percent to 5,565.97.

    Steel-related shares were higher.

    ThyssenKrupp (FWB: TKA; LSE: THK) gained 1.97 percent to €40.87, while Mittal Steel (Euronext: MT; NYSE: MT) was up 4.6 percent to €48.20.

    ThyssenKrupp’s gains came after it said it has won a new elevators contract in London and after ABN Amro (Euronext: AAB; NYSE: ABN) raised the steel-maker’s target share price.

    Meanwhile, steel products manufacturer Vallourec was the best performer on the CAC-40 as it added 4.82 percent to €191.26.

    Utilities were higher.

    RWE (FWB: RWE) was 1.37 percent higher to €81.73, while EDF (Euronext: EEN) gained 1.54 percent to €72.40.

    In the media sector, Vivendi (Euronext: VIV) was up 2.17 to €29.70 and Lagardere (Euronext: MMB) added 4.65 percent to €60.31.

    The best performance on the day on the Dax came from stock exchange operator Deutsche Boerse (FWB: DB1) which gained 3.33 percent to €81.07 after it said it would not buy into the London Stock Exchange.

    On the negative side of the ledger, financial planner MLP (FWB: MLP) had the worst day on the Dax with a decline of 1.42 percent to €11.09.

    The worst performance on the CAC-40 came from telecommunications group Alcatel-Lucent (Euronext: ALU; NYSE: ALU; TYO: 6687), which dropped 8.69 percent to €6.62.

    Carmakers saw declines, with Peugeot (Euronext: UG; OTC: PEUGY) falling 0.75 percent to €55.70 and BMW (FWB: BMW) down 0.97 percent to €34.75.

    The semiconductors sector was also lower.

    Infineon (FWB: IFX; NYSE: IFX) dropped 0.42 percent to €11.76, while STMicroelectronics (Euronext: STM; NYSE: STM) was 2.98 percent lower to €12.06.





    September 11, 2007

    Few losers on European markets

    Filed under: Other, BMW, Renault, Air France-KLM, Deutsche Post, Schering, Deutsche Borse, Mittal Steel, Alstom, Altana, Alcatel-Lucent, Vallourec

    European markets were higher on the session, more than making up Monday’s declines.

    The FTSE Eurofirst 300 added 1.71 percent to 1,507.29.

    The Dax was up 1.12 percent to 7,457.9 in Frankfurt, while the Paris CAC-40 gained 1.72 percent to 5,478.94 and Madrid’s IBEX was 1.74 percent higher to 13,965.5.

    The CAC-40 and the Dax each only saw two stocks decline on the day.

    In Paris, Air France (Euronext: AF; NYSE: AKH) was 0.07 percent lower to €27.73, while Alcatel-Lucent (Euronext: ALU; NYSE: ALU; TYO: 6687) was the worst performer there with a decline of 0.54 percent to €7.30.

    In Frankfurt, meanwhile, pharmaceuticals group Schering (FWB: SCH) dropped 0.09 percent to €104.46. Deutsche Post (FWB: DPW; LSE: DPO) had the worst day on the Dax as it fell 0.19 percent to €20.89.

    The best performer on the Dax was stock exchange operator Deutsche Boerse (FWB: DB1), which added 3.83 percent to €78.96.

    Meanwhile power generator and manufacturer Alstom (Euronext: ALO) did the best on the CAC-40, where it gained 6.47 percent to €136.06.

    Steel-related shares did well in Paris.

    Mittal Steel (Euronext: MT; NYSE: MT) was 3.35 percent higher to €46.64, while steel products manufacturer Vallourec (Euronext: VK) was up 4.22 percent to €184.31.

    Carmakers saw gains.

    BMW (FWB: BMW) gained 2.14 percent to €35.62, while Renault (Euronext: RNO) added 3.43 percent to €92.80.

    Chemicals group Altana (FWB: ALT; NYSE: AAA) was 2.15 percent higher to €17.60.





    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.





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