French stocks advanced, led by Schneider Electric SA, Societe Generale SA and BNP Paribas SA.
The CAC 40 Index gained 45.54, or 0.8 percent, to 5606.75 at 10:21 a.m. in Paris. The SBF 120 Index rose 1 percent.
Schneider, the world's biggest maker of circuit breakers, added 3.39 euros, or 3.7 percent, to 94.61 euros. The company raised financial targets for a new business unit grouping MGE UPS Systems and U.S. acquisition American Power Conversion, citing higher demand and integration of acquisitions.
Societe Generale and BNP, respectively France's third- largest and biggest banks, climbed after U.S. stocks yesterday completed the largest two-day gain in five years, led by financial shares, on expectations of another interest-rate cut from the Federal Reserve.
``A rate cut would mean a much more favorable situation for bank stocks,'' Laurent Vallee, who helps manage about 5 billion euros ($7.4 billion) at Richelieu Finance in Paris, said in an interview.
Societe Generale rose 2.77 euros, or 2.7 percent, to 103.79 euros. BNP gained 1.62 euros, or 2.2 percent, to 76.05 euros.
The following stocks rose or fell in Paris. Symbols are in parentheses.
Eurofins Scientific SA (ERF FP), a French provider of food and drug tests, climbed 4.95 euros, or 7.2 percent, to 73.9 euros. Exane BNP Paribas raised its rating on Eurofins to ``outperform'' from ``neutral'' with its price target increased to 85 euros from 80 euros.
pennystockforum.org
четверг, 29 ноября 2007 г.
DAX Rises for Second Day, Led by Hypo Real; Conergy Shares Jump
Germany's benchmark DAX Index rose for a second day, led by Hypo Real Estate Holding AG, after U.S. stocks staged the biggest two-day rally in five years.
Conergy AG jumped after Deutsche Bank AG raised its recommendation on the stock.
The DAX Index increased 51.68, or 0.7 percent, to 7,775.34 at 9:54 a.m. in Frankfurt. DAX futures expiring in December gained 28, or 0.4 percent, to 7,778. The HDAX Index of the country's 110 biggest companies increased 0.8 percent.
``One has to keep in mind where these stocks come from, they have been oversold over the past months,'' said Matthias Jasper, head of equities at WGZ Bank in Dusseldorf.
U.S. stocks yesterday rose on expectations for another interest rate cut. The Dow Jones Europe Stoxx Banks Index climbed 1.4 percent.
Hypo Real Estate gained 1.55 euros, or 4.4 percent, to 37 euros. Commerzbank AG, Germany's second-largest lender, rose 40 cents, or 1.6 percent, to 25.94 euros. Allianz SE, Europe's largest insurer, climbed 2.29 euros, or 1.7 percent, to 141.26 euros. Deutsche Bank AG and Munich RE also added advanced.
Conergy rallied 3.40 euros, or 15 percent, to 25.80 euros. Deutsche Bank AG raised its recommendation of Germany's largest solar power company from its recommendation from ``sell'' to ``hold,'' citing 8 million euros worth of insider buying in the share by Otto Happel and three board members.
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Conergy AG jumped after Deutsche Bank AG raised its recommendation on the stock.
The DAX Index increased 51.68, or 0.7 percent, to 7,775.34 at 9:54 a.m. in Frankfurt. DAX futures expiring in December gained 28, or 0.4 percent, to 7,778. The HDAX Index of the country's 110 biggest companies increased 0.8 percent.
``One has to keep in mind where these stocks come from, they have been oversold over the past months,'' said Matthias Jasper, head of equities at WGZ Bank in Dusseldorf.
U.S. stocks yesterday rose on expectations for another interest rate cut. The Dow Jones Europe Stoxx Banks Index climbed 1.4 percent.
Hypo Real Estate gained 1.55 euros, or 4.4 percent, to 37 euros. Commerzbank AG, Germany's second-largest lender, rose 40 cents, or 1.6 percent, to 25.94 euros. Allianz SE, Europe's largest insurer, climbed 2.29 euros, or 1.7 percent, to 141.26 euros. Deutsche Bank AG and Munich RE also added advanced.
Conergy rallied 3.40 euros, or 15 percent, to 25.80 euros. Deutsche Bank AG raised its recommendation of Germany's largest solar power company from its recommendation from ``sell'' to ``hold,'' citing 8 million euros worth of insider buying in the share by Otto Happel and three board members.
pennystockforum.org
пятница, 23 ноября 2007 г.
Switzerland Stocks Update: SMI Index Rises 18.45 to 8,245.56
Switzerland's benchmark stock index, the Swiss Market Index, rose 0.22 percent at 9:05 a.m.
The index of 20 stocks traded on the Electronic Bourse System rose 18.45 to 8,245.56. Among the stocks in the index, 11 rose, 7 fell and 2 were unchanged.
Gains in the Swiss Market Index were led by Novartis Ag, Ubs Ag and Nestle Sa. About 0.93 million shares traded in the Swiss Market Index.
pennystockwatch.org
The index of 20 stocks traded on the Electronic Bourse System rose 18.45 to 8,245.56. Among the stocks in the index, 11 rose, 7 fell and 2 were unchanged.
Gains in the Swiss Market Index were led by Novartis Ag, Ubs Ag and Nestle Sa. About 0.93 million shares traded in the Swiss Market Index.
pennystockwatch.org
U.K. Stocks Update: FTSE 100 Little Changed at 6,160.70
The U.K.'s benchmark stock index, the FTSE 100, rose 0.09 percent at 8:05 a.m.
The index of 102 stocks traded on the London Stock Exchange rose 5.40 to 6,160.70. Among the stocks in the index, 47 rose, 50 fell and 5 were unchanged.
Gains in the FTSE 100 were led by Anglo American Plc (Aal Ln), Hsbc Holdings Plc (Hsba Ln) and Tesco Plc (Tsco Ln). About 8.36 million shares traded in the FTSE 100.
pennystockwatch.org
The index of 102 stocks traded on the London Stock Exchange rose 5.40 to 6,160.70. Among the stocks in the index, 47 rose, 50 fell and 5 were unchanged.
Gains in the FTSE 100 were led by Anglo American Plc (Aal Ln), Hsbc Holdings Plc (Hsba Ln) and Tesco Plc (Tsco Ln). About 8.36 million shares traded in the FTSE 100.
pennystockwatch.org
среда, 21 ноября 2007 г.
Arcandor AG, Leica Camera, RWE AG: German Equity Preview
The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses after company names. Share prices are from the last close.
The X-DAX Index fell 0.4 percent to 7601.69. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX advanced 1.6 percent to 7,630.31.
Arcandor AG (ARO GY): The company's Thomas Cook AG unit plans to hold a presentation for analysts and investors to discuss its strategy. Arcandor shares added 24 cents, or 1.2 percent, to 20.29 euros.
Leica Camera AG (LCA1 GY): The maker of photographic equipment's general meeting decided on the buyout of minority shareholders. The shares added 0.1 percent to 12.31 euros.
RWE AG (RWE GY): Germany's second-largest utility plans a press conference, according to Boersen-Zeitung. The shares climbed 1.52 euros, or 1.7 percent, to 91.79 euros.
microcapreview.org
The X-DAX Index fell 0.4 percent to 7601.69. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX advanced 1.6 percent to 7,630.31.
Arcandor AG (ARO GY): The company's Thomas Cook AG unit plans to hold a presentation for analysts and investors to discuss its strategy. Arcandor shares added 24 cents, or 1.2 percent, to 20.29 euros.
Leica Camera AG (LCA1 GY): The maker of photographic equipment's general meeting decided on the buyout of minority shareholders. The shares added 0.1 percent to 12.31 euros.
RWE AG (RWE GY): Germany's second-largest utility plans a press conference, according to Boersen-Zeitung. The shares climbed 1.52 euros, or 1.7 percent, to 91.79 euros.
microcapreview.org
Carbone Lorraine, Ubisoft, Vinci: French Equity Preview
The following is a list of companies whose shares may move in Paris trading tomorrow. Stock symbols are in parentheses after company names. Share prices are from the last close.
The CAC 40 Index gained 74.11, or 1.4 percent, to 5,506.68. The SBF 120 Index also rose 1.2 percent.
Carbone Lorraine SA (CRL FP) and Faiveley SA (LEY FP): Carbone Lorraine, the world's biggest maker of brushes for electric motors, said it's in advanced talks with Faiveley to dispose of its rail and motorcycle braking activities. Carbone shares fell 91 cents, or 1.9 percent, to 47.37 euros. Faiveley shares lost 1.15 euros, or 2.4 percent, to 47 euros.
Teleperformance SA (RCF FP): The call-center operator said it bought 100 percent of H-Tel Holdings from Carlyle Group. It also forecast ``strong'' growth in 2008, with profit rising 13 percent to 107 million euros. The shares gained 75 cents, or 3.3 percent, to 23.62 euros.
Ubisoft Entertainment SA (UBI FP): Europe's second-largest maker of video games reported a first-half profit of 30.6 million euros on a gain from selling stock in Gameloft and demand for games playable on Nintendo Co.'s DS console and Sony Corp.'s PlayStation 3. The shares rose 1.74 euros, or 3.3 percent, to 55.3 euros.
Vinci SA (DG FP): Groups led by the world's largest construction company won road and railway contracts in the Czech Republic together valued at 600 million euros ($887 million). Vinci shares gained 1.5 euros, or 2.8 percent, to 55.17 euros.
microcapreview.org
The CAC 40 Index gained 74.11, or 1.4 percent, to 5,506.68. The SBF 120 Index also rose 1.2 percent.
Carbone Lorraine SA (CRL FP) and Faiveley SA (LEY FP): Carbone Lorraine, the world's biggest maker of brushes for electric motors, said it's in advanced talks with Faiveley to dispose of its rail and motorcycle braking activities. Carbone shares fell 91 cents, or 1.9 percent, to 47.37 euros. Faiveley shares lost 1.15 euros, or 2.4 percent, to 47 euros.
Teleperformance SA (RCF FP): The call-center operator said it bought 100 percent of H-Tel Holdings from Carlyle Group. It also forecast ``strong'' growth in 2008, with profit rising 13 percent to 107 million euros. The shares gained 75 cents, or 3.3 percent, to 23.62 euros.
Ubisoft Entertainment SA (UBI FP): Europe's second-largest maker of video games reported a first-half profit of 30.6 million euros on a gain from selling stock in Gameloft and demand for games playable on Nintendo Co.'s DS console and Sony Corp.'s PlayStation 3. The shares rose 1.74 euros, or 3.3 percent, to 55.3 euros.
Vinci SA (DG FP): Groups led by the world's largest construction company won road and railway contracts in the Czech Republic together valued at 600 million euros ($887 million). Vinci shares gained 1.5 euros, or 2.8 percent, to 55.17 euros.
microcapreview.org
понедельник, 19 ноября 2007 г.
German Stocks Fall, Led by Allianz, Munich Re; Postbank Gains
German stocks dropped, led by Allianz SE and Munich Re after Swiss Reinsurance Co., the world's largest reinsurer, posted a loss of 1.2 billion Swiss francs ($1.07 billion) on two credit-default swaps.
Deutsche Postbank AG advanced after Frankfurter Allgemeine Zeitung reported the country's largest bank by clients may be sold.
The benchmark DAX Index dropped 16.08, or 0.2 percent, to 7,596.18 at 11:01 a.m. in Frankfurt. DAX futures expiring in December decreased 17.5, or 0.2 percent, to 7,624. The HDAX Index of the country's 110 biggest companies also lost 0.2 percent.
``Stocks are not en vogue as an asset class at the moment,'' said Michael Scholz, an equity strategist at WestLB AG in Dusseldorf, Germany. ``The trading pattern over the past ten days has confirmed a down trend. If the DAX doesn't rise above 7,680 this week sentiment will remain negative.''
Deutsche Boerse AG's Xetra electronic trading system was halted for about one hour today because of technical problems.
Allianz, Europe's largest insurer, lost 2.34 euros, or 1.7 percent, to 139.43 euros. Munich Re, the world's second-biggest reinsurer, dropped 1.26 euros, or 1 percent, to 119.74 euros.
Swiss Re said today it designed the credit-default swaps to provide protection for clients against declines in the value of investment portfolios consisting mostly of mortgage-related securities.
Deutsche Postbank gained 2.30 euros, or 4.4 percent, to 54.99 euros. Owner Deutsche Post AG sees a ``line'' of potential buyers for the bank, Frankfurter Allgemeine Zeitung reported, citing an interview with Chief Executive Officer Klaus Zumwinkel. Deutsche Post climbed 24 cents, or 1.1 percent, to 22.41 euros.
The following stocks also rose or fell in German markets. Symbols are in parentheses.
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Deutsche Postbank AG advanced after Frankfurter Allgemeine Zeitung reported the country's largest bank by clients may be sold.
The benchmark DAX Index dropped 16.08, or 0.2 percent, to 7,596.18 at 11:01 a.m. in Frankfurt. DAX futures expiring in December decreased 17.5, or 0.2 percent, to 7,624. The HDAX Index of the country's 110 biggest companies also lost 0.2 percent.
``Stocks are not en vogue as an asset class at the moment,'' said Michael Scholz, an equity strategist at WestLB AG in Dusseldorf, Germany. ``The trading pattern over the past ten days has confirmed a down trend. If the DAX doesn't rise above 7,680 this week sentiment will remain negative.''
Deutsche Boerse AG's Xetra electronic trading system was halted for about one hour today because of technical problems.
Allianz, Europe's largest insurer, lost 2.34 euros, or 1.7 percent, to 139.43 euros. Munich Re, the world's second-biggest reinsurer, dropped 1.26 euros, or 1 percent, to 119.74 euros.
Swiss Re said today it designed the credit-default swaps to provide protection for clients against declines in the value of investment portfolios consisting mostly of mortgage-related securities.
Deutsche Postbank gained 2.30 euros, or 4.4 percent, to 54.99 euros. Owner Deutsche Post AG sees a ``line'' of potential buyers for the bank, Frankfurter Allgemeine Zeitung reported, citing an interview with Chief Executive Officer Klaus Zumwinkel. Deutsche Post climbed 24 cents, or 1.1 percent, to 22.41 euros.
The following stocks also rose or fell in German markets. Symbols are in parentheses.
pennystockadvise.com
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