Economic Calendar

Wednesday, July 16, 2008

Bijou Brigitte, Continental, Volkswagen: German Equity Preview

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By Nadja Brandt

July 16 (Bloomberg) -- The following companies may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

The X-DAX Index rose 0.5 percent to 6,092.50. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX fell 1.9 percent to 6,081.70.

Bayerische Motoren Werke AG (BMW GY): The ACEA European Automobile Manufacturers Association plans to release June car sales figures. BMW, the world's biggest luxury-car maker, fell 51 cents, or 1.8 percent, to 27.71 euros.

Daimler AG (DAI GY) declined 1.16 euros, or 3.1 percent, to 36.38 euros. Porsche AG (POR3 GY) dropped 2.83 euros, or 3.3 percent, to 84.32 euros. Volkswagen AG (VOW GY) increased 3.98 euros, or 2.3 percent, to 174.23 euros.

Bijou Brigitte Modische Accessories AG (BIJ GY): The discount jewelry retailer plans to hold its annual shareholders' meeting. The shares decreased 4.98 euros, or 6.3 percent, to 74.20 euros.

Continental AG (CON GY): Europe's second-biggest tire company may continue to be active after receiving an 11.2 billion euro ($17.9 billion) takeover approach from ball-bearing maker Schaeffler Group that would create the world's No. 1 car-parts supplier. The shares climbed 7.62 euros, or 12 percent, to 73.42 euros.

Medigene AG (MDG GY): The biotechnology company that stopped a clinical trial last week after a patient died plans to hold its annual shareholders' meeting. The shares rose 18 cents, or 3.7 percent, to 4.99 euros.

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


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