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Tuesday, May 30, 2006

Europe Market Report 5/30/2006 BAA, BCS, BP, BT, GSK, PSO, RTRSY, UN, UL, VOD, BAY, DB, DT, SAP, SI, ALA, AXA, FTE, V

European stock are off sharply at 5.30 AM New York Time.

The FTSE 100 is down almost 1.5% at 5,706. BAA was up over 6% on takeover talk to 875. Barclays was off 1.9% to 600. BP was off 1.8% to 631. British Airways was down 1.5% to 339. BT Group was up 1.9% to 233. Cable and Wireless was down 1.2% to 100. GlaxoSmithKline was down 1.9% to 1,477. Pearson was off 1.8% to 721. Reuters was off 1.7% to 375. Unilever was off 1.3% to 1,205. And, Vodafone was up 1.5% to 121 on good divident news.

The Daxx was down 1.4% to 5,675. Bayer was off 1.5% to 35. BMW was off 1.4% to 40.4. Deutsche Bank was off 1.1% to 90. Deutsche Telekom was off .7% to 12.4. SAP was off 1.1% to 166. And, Siemens was down 1.6% to 67.

The CAC 40 was down 1.1% to 4,960. Alcatel was down .8% to 10.49. AXA was down 1.6% to 27.24. France Telecom was down .9% to 16.84. Michelin was down 2.3% to 49.8. ST Micro was down 1% to 12.81. And Vivendi was off .9% to 28.12.

Douglas A. McIntyre
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