BMW, Deutsche Bank, Siemens May Move: German Equity Preview

The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses and share prices are from the previous close.

DAX Index futures expiring in December rose 0.3 percent to 6,887 as of 8:27 a.m. in Frankfurt. The DAX climbed 2.7 percent to 6,866.63 yesterday.

BMW AG (BMW GY): The BMW Group in the U.S. reported sales of 22,883 vehicles in November, an increase of 27 percent from the same month of 2009. Shares of the world’s biggest maker of luxury cars jumped 5.1 percent to 60.90 euros.

Deutsche Bank AG (DBK GY): The bank’s head of wealth management, Pierre de Weck, said he expects new money inflow at Sal. Oppenheim to increase 5 percent to 10 percent, Handelsblatt reported, citing an interview.

The private wealth management division at Deutsche Bank will probably reach its goal of posting pretax profit of 400 million euros ($526 million) next year, de Weck told the newspaper. The lender is talking to “several” interested parties and is aiming to take “an important step forward” on the sale of its BHF-Bank AG unit this year, Handelsblatt also cited him as saying. The shares rose 2.9 percent to 37.67 euros.

Siemens AG (SIE GY): Europe’s largest engineering company said it paid Chief Executive Officer Peter Loescher almost 9 million euros last year, a 26 percent increase, after he bolstered profitability. The stock gained 4.5 percent to 88.09 euros.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

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