May 12 (Bloomberg) -- The following stocks may rise or fall in European markets. Prices are from the local close yesterday. Stock symbols are in parentheses.

The Dow Jones Stoxx 600 Index slipped 0.56, or 0.2 percent, to 258.55. The Stoxx 50 slid 10.25, 0.4 percent, to 2841.69. The Euro Stoxx 50, a benchmark for the 12 nations using the euro, lost 12.92, or 0.5 percent, to 2970.50.

Alleanza Assicurazioni SpA (AL IM): The life-insurance unit of Assicurazioni Generali SpA is scheduled to release first- quarter results. The company said on May 2 that it performed ``well'' in the first quarter and has funds to increase its dividend payout this year. The stock slid 4.3 cents to 8.90 euros.

Bank Pekao SA (PEO PW): Poland's second-largest lender by assets will probably say first-quarter profit increased 7.9 percent to 319.6 million zloty ($98.4 million) from 296.2 million zloty a year ago, according to the median estimate of analysts surveyed by Bloomberg. Pekao's shares fell 60 grosze to 124, excluding the effect of a 6.4 zloty dividend payment.

Beiersdorf AG (BEI GY): The maker of Nivea skin creams may say first-quarter profit rose 5.8 percent as Beiersdorf focused on its top brands such as Nivea, Juvena and La Prairie, according to analysts surveyed by Bloomberg News. The shares slipped 7 cents to 85.50 euros.

Bulgari SpA (BUL IM): The world's third-biggest jeweler may say profit rose 21 percent to 16.4 million euros ($21 million) in the first quarter on sales of the company's Astrale jewelry. That is the estimate of analysts surveyed by Bloomberg. Revenue may have advanced 9.2 percent to 175.1 million euros. The stock rose 19.9 cents, or 2.4 percent, to 8.46 euros.

CNP Assurances SA (CNP FP): France's No. 1 life insurer said revenue rose 19 percent to 7.67 billion euros as it made acquisitions and on an increase in pension and other savings by its customers. CNP shares dropped 65 cents, or 1.2 percent, to 52.05 euros.

Deutsche Telekom AG (DTE GY): Europe's largest phone company may say first-quarter earnings increased 37 percent as Chief Executive Officer Kai-Uwe Ricke delivered higher revenue at the T- Mobile USA business, according to analysts surveyed by Bloomberg News. The shares fell 10 cents to 14.54 euros.

Enel SpA (ENEL IM): Europe's fourth-biggest power producer may post net income of 658 million euros, according to the estimate of analysts surveyed by Bloomberg. The company is switching to International Financial Reporting Standards. The stock was unchanged at 7.25 euros.

E.ON AG (EOA GY): The world's largest publicly traded electric utility may say first-quarter profit declined because of increased costs for coal and natural gas, according to analysts surveyed by Bloomberg. The company may have had profit of about 1.5 billion euros, Boersen-Zeitung said, citing E.ON's quarterly earnings report. The shares decreased 20 cents to 66.10 euros.

Separately, the Financial Times Deutschland said Deutsche Bank AG has guaranteed an undisclosed price to E.ON AG for the sale of Viterra shares in an initial public offering. The bank has tried to convince E.ON to offer Viterra shares in an IPO instead of selling the division, the newspaper said, without saying where it got the information.

Ferrovial SA (FER SM): Spain's second-largest builder may say first-quarter profit rose to 83 million euros, according to the analysts surveyed by Bloomberg. The shares fell 43 cents to 45.77 euros.

Fondiaria-SAI SpA (FSA IM): The Italian property and casualty insurer said first-quarter net income rose 22 percent to 124.4 million euros. Total direct premiums from Italy increased 1.6 percent to 2.52 billion euros, according to a statement released after the close of trading. The shares slid 6 cents to 19.94 euros.

Gamesa Corporacion Tecnologica SA (GAM SM): The world's third-largest wind-turbine maker said first-quarter net income rose 236 percent to 54.4 million euros as it reported more sales of wind turbines. Sales rose 73 percent to 485.7 million euros. Gamesa shares lost 5 cents to 10.11 euros.

Hannover Re (HNR1 GY): The world's fifth-largest reinsurer may report a 10 percent increase in first-quarter profit, according to the estimate of analysts surveyed by Bloomberg. The shares increased 7 cents to 28.55 euros.

ING Groep NV (INGA NA): The largest Dutch financial-service s company will probably say first-quarter profit rose 39 percent, boosted by earnings from banking, including the ING Direct telephone and Internet banking unit, according to the estimate of analysts surveyed by Bloomberg. The shares fell 26 cents, or 1.2 percent, to 21.22 euros.

Magyar Telekom Rt. (MTELEKOM HB): Deutsche Telekom AG's Hungarian unit will probably report net income rose 21 percent to 17 billion forint ($88.6 million) from 14.1 billion forint in the year-earlier period, according to the estimate of analysts surveyed by Bloomberg. Shares lost 30 forint, or 3.5 percent, to 825 forint.

Nestle SA (NESN VX): The world's biggest bottled-water company has signed a joint venture agreement with the Boissons Gazeuses des Freres Zahaf Group of Algeria aimed at consolidating its market position in Africa and the Middle East. Vevey, Switzerland-based Nestle got about 9.3 percent of its sales from Nestle Waters last year. The company's shares rose 5 francs to 322 francs.

Royal Ahold NV (AHLN NA): The world's fourth-largest food retailer is expected to say first-quarter sales dropped 13 percent to 13.4 billion euros, according to the estimate of analysts surveyed by Bloomberg. The shares declined 7 cents, or 1.1 percent, to 6.09 euros.

RWE AG (RWE GY): Europe's No. 3 utility may say first- quarter net income fell 10 percent from the year-ago period, a survey of analysts showed. The shares decreased 19 cents to 46.6 euros.

Stada Arzneimittel AG (SAZ GY): Germany's fourth-biggest maker of generic drugs may say first-quarter profit increased 20 percent, lifted by acquisitions and higher sales, a survey of analysts showed. The shares fell 17 cents to 24.03 euros.

Swisscom AG (SCMN VX): Switzerland's No. 1 telephone company may report a 1.2 percent drop in first-quarter net income to 482 million francs ($401 million), based on the estimate of a Bloomberg survey of analysts. The shares rose 5.25 francs, or 1.3 percent, to 416.25 francs.

Telefonica Moviles SA (TEM SM): Spain's largest mobile-phone company will probably say its first-quarter profit reached 410 million euros, according to the estimate of analysts surveyed by Bloomberg. The estimate was under new accounting standards. Based on Spanish accounting rules, earnings for the year-earlier quarter were 423.3 million euros. The company's shares fell 11 cents, or 1.2 percent, to 8.75 euros.

Vivendi Universal SA (EX FP): France's second-largest phone- services provider merged its Cegetel fixed-line and Internet unit with rival Neuf Telecom in return for a 28 percent stake in the combined entity, called Neuf Cegetel, and 380 million euros in bonds. The combined company aims to compete more effectively with France Telecom SA. Vivendi shares dropped 13 cents to 23.61 euros.

To contact the reporter on this story: Dune Lawrence in New York at dlawrence6@bloomberg.net

Last Updated: May 11, 2005 19:01 EDT