By Elena Logutenkova and Chris Fournier
Dec. 2 (Bloomberg) -- The following stocks may make gains or losses in German markets.
Futures that track Germany's benchmark DAX Index rose 1.5 percent to 4187 as of the close yesterday on Eurex AG, the world's biggest futures market. The DAX closed up 1.5 percent at 4186 on the Xetra electronic-trading system.
The DAX might rise about 4 to 4182, according to Cantor Index, a betting firm.
The stock symbols are in parentheses after the company names and prices are from Xetra close unless otherwise stated.
Bayer AG (BAY GY): Germany's second-biggest drug and chemical maker may be active after having its share-price forecast raised to 26 euros from 23 euros at UBS AG. The shares gained 56 cents, or 2.4 percent, to 24.4 euros.
Bayerische Motoren Werke AG (BMW GY): The world's second- largest luxury carmaker said U.S. vehicle sales fell 4 percent in November as demand for BMW brand cars plunged. The shares rose 17 cents, or 0.5 percent, to 31.95 euros.
DaimlerChrysler AG (DCX GY): The world's fifth-largest automaker said November U.S. sales of Chrysler and Mercedes-Benz vehicles rose 4.4 percent to 183,112. The shares rose 29 cents, or 0.9 percent, to 33.94 euros.
Deutsche Bank AG (DBK GY): Europe's third-largest bank by assets may be active after JPMorgan Chase & Co. raised its share- price forecast for the stock 4.3 percent,to 73 euros. The shares rose 1.48 euros, or 2.3 percent, to 65.23 euros.
Deutsche Telekom AG (DTE GY): T-Mobile International AG, the wireless unit of Deutsche Telekom AG, said it's ``optimistic'' about fourth-quarter business performance in Germany, after WirtschaftsWoche reported the company will give up Christmas sales opportunities because of its cost-cutting program. The shares rose 31 cents, or 1.9 percent, to 16.29 euros.
Elmos Semiconductor AG (ELG GY): The chipmaker's were rated ``neutral'' in new coverage at JPMorgan Chase & Co. The shares fell 13 cents, or 1 percent, to 12.75 euros.
Metro Group (MEO GY): Germany's biggest discount-food retailer may be active. The company had its share-price forecast raised to 45 euros from 43 euros at UBS AG. The shares gained 34 cents, or 0.9 percent, to 38.18 euros.
Porsche AG (POR3 GY): Europe's most profitable carmaker, said North American sales fell 4 percent in November as sales of Boxster sports cars and of the 911-model fell. The shares fell 1.70 euros, or 0.4 percent, to 478 euros.
ProSiebenSat.1 Media AG (PSM GY): The German television broadcaster controlled by U.S. billionaire Haim Saban, said its market share fell in November, although in the whole autumn period its share was still the highest in four years. The shares rose 28 cents, or 2.2 percent, to 12.90 euros.
Software AG (SOW GY): The database maker that competes with Oracle Corp. may be active. BEA Systems Inc., whose software runs Web-based business programs, sued Software, accusing the company of infringing a patent for a data processing system. The shares added 16 cents, or 0.7 percent, to 23.05 euros.
Volkswagen AG (VOW GY): A unit of Europe's largest carmaker, Audi of America Inc., said vehicle sales in November fell 3.2 percent as sales of all models except for the new A6 model declined. The shares rose 18 cents, or 0.5 percent, to 34.13 euros.
To contact the reporters on this story: Elena Logutenkova at elogutenkova@bloomberg.net. Chris Fournier in Frankfurt at Cfournier3@bloomberg.net
Last Updated: December 2, 2004 02:35 EST
HOME
