Economic Calendar

Thursday, July 3, 2008

Arques Industries, IKB, Deutsche Bank: German Equity Preview

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By Nadja Brandt

July 3 (Bloomberg) -- 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.

The X-DAX Index fell 0.8 percent to 6249.14. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX fell 0.2 percent to 6,305.42.

Arques Industries AG (AQU GY): The investment company plans to release second-quarter results. The company in May reported a first-quarter loss after writing down the value of assets. The shares added 64 cents, or 12 percent, to 5.86 euros.

Deutsche Bank AG (DBK GY): Germany's biggest bank plans to buy parts of ABN Amro Holding NV's commercial banking operations in the Netherlands from Fortis (FORB BB) for 709 million euros ($1.13 billion). Deutsche Bank climbed 2.04 euros, or 3.9 percent, to 54.48 euros. Fortis shares advanced 24 cents, or 2.4 percent, to 10.18 euros.

IKB Deutsche Industriebank AG (IKB GY): The bank bailed out after losses on U.S. subprime investments plans to publish fiscal full-year results. The company in May reported a nine- month loss after writedowns. The shares climbed 6 cents, or 2.1 percent, to 2.87 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net


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