Economic Calendar

Wednesday, November 5, 2008

BNP, Deutsche Boerse, Endesa, Total: European Equity Preview

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By Nadja Brandt

Nov. 5 (Bloomberg) -- The following companies may have unusual price changes in European trading. Stock symbols are in parentheses, and share prices are from the previous close.

The Dow Jones Stoxx 600 climbed 4.5 percent to 233.50. The Dow Jones Stoxx 50 Index added 4.1 percent to 2,436.01. The Euro Stoxx 50 Index, a benchmark for nations using the euro, increased 5.6 percent to 2,755.12.

BNP Paribas SA (BNP FP): France's largest bank by market value reports third-quarter earnings before the market opens in Paris. Profit probably declined to 1.38 billion euros ($1.8 billion), according to the median of 13 analyst estimates, on subprime-related writedowns and charges linked to the failure of Lehman Brothers Holdings Inc. The shares gained 5.6 percent to 58.50 euros.

Deutsche Boerse AG (DB1 GY): Europe's largest exchange by stock value said third-quarter profit rose more than analysts estimated after financial-market turmoil boosted derivatives trading. The shares added 13 percent to 68.70 euros.

Endesa SA (ELE SM): Spain's largest operator of hydro and nuclear plants will publish its third-quarter earnings before the stock market opens in Madrid. The shares rose 4.5 percent to 26.69 euros.

Hannover Re (HNR1 GY): Germany's second-biggest reinsurer plans to release third-quarter results. The company last month abandoned its 2008 profit target after losing money in the first nine months of the year on declining stock investments and above- average catastrophe claims. The shares climbed 1.9 percent to 20.70 euros.

HeidelbergCement AG (HEI GY): Germany's biggest cement maker owned by German billionaire Adolf Merckle plans to release third- quarter results. The company in August said second-quarter profit dropped 66 percent, hurt by higher raw-material costs and declining demand for building materials in the U.S. The shares dropped 3 percent to 57.50 euros.

JCDecaux SA (DEC FP): The world's second-largest seller of outdoor advertising cut its forecast for sales growth and profitability this year as the slowing economy weighs on ad spending in the U.K. The shares added 2.2 percent to 14.16 euros.

Pernod Ricard SA (RI FP): The world's second-largest liquor company has seen no ``major impact'' on revenue from the credit crunch, Le Figaro reported, citing an interview with Managing Director Pierre Pringuet. The shares rose 2.9 percent to 55.20 euros.

Royal Vopak NV (VPK NA): The world's biggest oil and chemical storage provider gives a third-quarter trading update before the market opens. Vopak increased 7.5 percent to 28.72 euros.

Total SA (FP FP): Europe's third-largest oil company reports quarterly earnings before the market opens in Paris. Profit, excluding changes in the value of the company's stake in drugmaker Sanofi-Aventis SA, likely rose 28 percent to 3.85 billion euros, according to the median of nine analyst estimates, as higher crude and natural-gas prices offset lower production. The shares added 3.5 percent to 44.50 euros.

Wincor-Nixdorf AG (WIN GY): The world's second-largest maker of automated teller machines plans to release preliminary full- year results. The company may say profit climbed 18 percent, as banks made increasing use of ATMs to cut costs, according to analysts surveyed by Bloomberg News. The shares climbed 9.9 percent to 37.42 euros.

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


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