Equities News Equities News
Equity Market News 29th July 2010

Equity Org Headlines:

Crude, precious metals prices fall; base metals mixed

Oil prices fall as US inventories swell

Crude oil trades lower, but most metals prices rise

Crude prices up despite rising oil, gasoline inventories in US

Crude oil, metals prices start year with gains

Crude prices up, metals lower ahead of holidays

Natural gas prices rise as other energy, metals prices decline

Crude oil, metals prices jump on data

Crude falls in New York, metals gain on session

US inventories send oil prices lower

16/09/05

Permalink 08:15:18 pm, Categories: Europe Eurofirst, Technology, Telecommunications, Food, Aerospace, 204 words  

Eurofirst slightly higher as elections approach

In European equities markets on Friday, the FTSE Eurofirst 300 ended the day and the week higher, gaining 0.6 percent on the day and the same amount on the week to close at 1,213.86.

However, with elections scheduled for Sunday in Germany, the Xetra Dax was down 0.4 percent for the week to 4,986.50 as uncertainty over the outcome remained a concern for many.

Takeover rumors provided most of the non-election interest during the week. Danone, the French food group, saw sharp gains in its shares Friday on the announcement that the French government would discontinue its efforts to protect the company from takeover attempts.

Earlier in the year when rumors that Pepsico would bid for Danone, the French president said that the government would protect the company, but the French industry minister has now said that the company must defend itself. While Danone lost 0.2 percent for the week, it gained 2.3 percent on Friday to €92.60 at the close.

In the defence sector, defence electronics group Thales and aerospace group EADS both benefited from rumors that EADS would bid for Thales. Thales gained 2.2 percent to €38.44, while EADS was up 0.4 percent to €28.30.

Meanwhile, in the telecommunications sector, Nokia added 3.2 percent to €13.49 after it adjusted its third-quarter sales and profit estimates upward.

Permalink



Syndicate this blog XML

 

Equities Org copyright 2005 Central Consultants: All Rights Reserved