Tag Archives: sanofi aventis
Wall Street opened in negative
HB NEW YORK. The Dow Jones index of the default values fell in the first few minutes on Monday by 0.1 percent to 10,142 points. The broader S & P 500 also lost 0.1 percent to 1063 points. Also , the index of technology exchange Nasdaq was 0.1 percent to 2152 points.
The U.S. citizens have increased their consumer spending in July by 0.4 percent, slightly faster than expected by financial experts. The personal income were up slightly . Experts assessed the picture as mixed.
" Consumer spending was at least somewhat better than expected " , but the income figures presented themselves represents something worse, " said analyst Joe Saluzzi of Themis Trading. The development of consumption and income is of particular importance is because consumer spending well in the U.S. two-thirds of economic accounts .
On the corporate side takeovers were the focus . After weeks of speculation put the French pharmaceutical group Sanofi-Aventis on Sunday a 18.5 billion U.S. dollars serious bid for the U.S. biotechnology company Genzyme before .
Genzyme refused and said that the company had not before , negotiations with Sanofi incorporated . The hope of a higher bid drove the GenzymeShare by four percent to the top.
The takeover battle for the data storage specialist 3PAR went to the next round: The U.S. computer giant Dell checks whether the group again the extra capacity of the rival HewlettPackard will beat again. DellPapers gained 1.8 percent, HPPapers gained 3.2 percent. With 3PAR titles it went against 1.6 percent decline.
Intel continued its buying spree : € 1.1 billion for the world’s largest chip company takes over the mobile arm of German semiconductor company Infineon. The IntelShares responded with a discount of 1.6 percent.
Shares of Cogent jumped by about 20 percent higher. The conglomerate 3M announced to buy the specialist for biometric scanner for almost a billion dollars and thereby strengthening its business with safety technology. The 3MStock yielded 0.7 percent.
XETRA-MITTAG/Uneinheitlich – looking for suppliers and TUI
FRANKFURT (Dow Jones) – The German stock market shows on Monday afternoon in a non-uniform shape. The DAX falls by 13.00 clock slightly by 0.3% or 17 points to 5934 . In contrast to submit to the MDAX and TecDAX by 0.4 % to 1.2%. (Photo : Dt. Börse)
On the one hand supported the templates good mood , a trader with a view to the gains of the U.S. stock markets and Asian markets. On the other hand , investors continued to hold back purchases because they fear an economic slowdown, my dealer with a view of the declining DAX. "Sales are extremely thin , "said one dealer. The higher even on a holiday in London.
" The acquisition supports the mood of fantasy in the market , "said a dealer with a view inter alia, on a bid by Sanofi -Aventis for Genzyme and the struggle to Potash and the sale of Infineon ‘s wireless business to Intel. For the TecDAX value Smartrac the private equity firm OEP has submitted a bid, and therefore cuts the TecDAX perform that well.
"Because of the thin turnover are many courses achieved by chance , "said one dealer. The DAX run below the 6.000er brand side, the 6.000er mark is a resistance. Support was the DAX at 5910 points.
Led the winners in India are by suppliers : RWE to increase by 0.4 to 52.60 EUR and E. ON by 1.1 % to 22.57 EUR . Dealers point to the debate about life extension for nuclear power plants : " As a minimum, be set by the adoption of ten years, possibly even up to 15 years , "said one dealer: "So you can count on . " The risk premiums because of the uncertain outcome of the political debate should be priced so .
On the losing side Infineon give up 2.4 % to EUR 4.50 . " Investors proceed under the slogan ‘ Buy the rumor , sell the news ‘ , "said a dealer with a view to reporting on implementation, to sell the wireless division at Intel. "Last week was the play only as a rumor of traders , "said one market participant. They were taking profits now . However, the market will rise rapidly now the question is what to do with Infineon ‘s high cash balance . For Intel , the division will pay $ 1.4 billion in cash.
Smartrac drag by 15.7 % to 19.77 EUR . OEP offers 20 EUR per share. In the Solar SMA Solar values increase by 3.6% to 85.32 EUR . TUI rise by 6.1 % to 8.03 EUR , after the "Handelsblatt "reports of a planned increase in shares by major shareholder Alexei Mordashov . The paper is based on a notification to the antitrust authorities in Germany and Austria. Controlled by Mordashov S -Group Travel Holding currently holds around 18 % of TUI , and would increase the proportion to 25 % to 30 %.
By Herbert – Rude, Dow Jones Newswires
+49(0)69-29725217, herbert.rude @ dowjones.com
DJG / hru / mod / gei / voi
European shares mixed – banks under stress test in the plus
FRANKFURT ( Dow Jones ) – have turned into the red light , the European shares on Monday afternoon.
The opening gains to give them completely. As expected , the banks and share -stress test , no positive trends . Although it was gratifying that only seven institutions had failed, but it lacks the test of credibility. The banking sector itself , which is initially launched with significant impacts , quoted in the meantime only slightly positive. Under pressure but most of all stocks in the food and pharmaceutical industries.
The pharmaceutical sector is burdened here by the profit warning from Sanofi – Aventis. In the food sector is mainly for Nestle down slightly. A dealer , however, has pointed to the extremely thin turnover, which makes an assessment of the movements difficult. The indices show up with an uneven trend : The Euro- Stoxx -50 sets against 12.05 BST clock by 0.1 % or 2 to 2722 points, the Stoxx 50 is 0.2 % by contrast or 6 points to 2467 . The focus is now on the afternoon, the new U.S. sales and the Chicago Fed National Activity Index. Technicians see the Euro- Stoxx -50 further supported well by 2600 points.
Banks stress test lacks validity – Sector slight plus
Slight plus of 0.5 % demonstrates the banking sector. After incoherence start most songs have turned up. According to analysts , it lacks the interbank stress test of reasonableness. Observers interfere mainly because haircuts were made on government bonds in the crisis scenario, only on stocks in the trading books . As the UniCredit points , but are only 20 % of the stock in trade books , the rest in the bank books . Such an approach – whether spoken mild – not really stressful , so the analysts.
would indicate that the total needs of the sector with EUR 3.5 billion voice as pensive as the fact that all regional banks have passed the test , it is said by a participant . "A lot of it does not seem particularly well and brings no security. " Therefore, write down the French banks solid special. They had shown solid results. SocGen to rise by 2.9% , Credit Agricole and BNP Paribas by 1.5 % to 1.3%. German bank note against 1.3% in the minus , this will lead to the dealer , however, caution against the back quarter figures on Tuesday.
Pharmaceutical sector burdened by profit warning – Sanofi -Aventis recovered
Significant contributions of 1.3 % must accept the pharmaceutical sector. Here the profit warning from Sanofi -Aventis weighs on the sentiment. Sanofi itself show that this will be unloaded , as the stock suffered after the news of " Lovenox " heavy losses on Friday . Sanofi -Aventis rose slightly by 0.3 % to 45.64 EUR . In contrast to lose 1.1% to 51.25 CHF Novartis , Roche 1.4% to 134.50 CHF , Astra Zeneca 1.5% to 3098 p and Glaxo Smith Kline 2% to 1163 p.
Vodafone will benefit from ending the tax dispute
Vodafone respond positively to the outcome of the tax dispute with the British authorities and put at 0.5% to 151.30 p. According to " FT " in the Company should have agreed to a payment of 1.25 billion pounds . This was much below the 2.2 billion pounds , which Vodafone have formed on accruals. And BT Group are 0.7% positive. All other titles are listed in the minus, the branch index is off 0.1%.
EADS suffered of late planning
The shares of the aerospace company EADS to give 1.4 % to 17.75 EUR . As stressful proves an article in " La Tribune " that the development program for the A350 lies one year behind schedule. Last week, EADS CEO Louis Gallois had said that there were no delays in the process. Neither Airbus EADS still had short term to reach for comment.
BP set to 2.6% at 408 p. According to various media reports, was open to the resignation of BP CEO Hayward imminent.
DJG / mod / ros / voi
