| CATEGORY: MARKET REPORT - EUROPE SECTOR: AUTOMOTIVE AND PARTS |
European open: Shares rebound |
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Wed 18 Nov 2009
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LONDON (SHARECAST) - Auto shares are higher as Europes main markets turned positive again on Wednesday after yesterdays drop.
Shares closed near their session lows on Tuesday after a smaller-than-expected rise in US industrial production hit sentiment, ending a four-day winning streak.
Across the markets, the German DAX is up 19 points at 5,798 with the French CAC rising 19 points to 3,848. The Swiss market is 34 points higher at 6,410.
Carmakers are on the rise, with Renault and Peugeot among the top performers in Paris and Volkswagen and Daimler up in Frankfurt.
Banks are also going well. BNP Paribas, Societe Generale, UBS and Credit Agricole are in demand.
Elsewhere in the sector, Allied Irish Banks' bad debt situation has deteriorated rapidly with the bank now suggesting the impairment write-down on its loans being shunted into the Irish toxic asset insurance scheme (NAMA) may top the government's original estimate of 30%.
CAC 40 - Risers
AXA (CS) 17.05 +1.79%
PPR (PP) 83.46 +1.64%
ArcelorMittal SA (MT) 26.10 +1.60%
Veolia Environnement (VIE) 23.35 +1.35%
Renault (RNO) 33.33 +1.32%
Peugeot (UG) 25.30 +1.26%
Alstom (ALO) 49.15 +1.17%
EDF (EDF) 38.76 +1.11%
Michelin (ML) 55.07 +1.01%
Lafarge (LG) 59.46 +0.99%
CAC 40 - Fallers
Accor (AC) 36.69 -0.66%
EADS (EAD) 13.49 -0.37%
Unibail-Rodamco (UL) 159.30 -0.16%
Cap Gemini (CAP) 32.03 -0.14%
France Telecom (FTE) 17.34 -0.12%
Alcatel-Lucent (ALU) 2.62 -0.11%
Carrefour (CA) 32.11 -0.11%
Suez Environnement Company (SEV) 15.14 -0.10%
Bouygues (EN) 35.05 -0.06%
L'Oreal (OR) 73.40 -0.05%
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