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IFX - Infineon Technologies AG News Story

€32.25 0.5  1.6%

Last Trade - 05/05/21

Sector
Technology
Size
Large Cap
Market Cap £36.22bn
Enterprise Value £39.44bn
Revenue £8.63bn
Position in Universe 35th / 1049

STOCKS NEWS EUROPE-Infineon, STMicro up on positive sector note

Thu 30th May, 2013 9:10am
Shares in German chipmaker Infineon rise 2.5 percent to the top of the DAX .GDAXI  after traders point to a positive note on the sector published by JP Morgan. Shares in peer STMicroelectronics  STM.PA  are up 2.9 percent. "Semiconductor stocks are up strongly in Q2 2013 and inventory data ... looks supportive of a continuing up-cycle," JP Morgan writes. "STMicro which benefits from both cost cuts and the cycle is a key pick as is Infineon." Reuters messaging rm://christoph.steitz.thomsonreuters.com@reuters.net rm://daniela.pegna.thomsonreuters.com@reuters.net Keywords: MARKETS EUROPE STOCKSNEWS
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