Commerzbank, Deutsche Bank, Rheinmetall: German Equity Preview

By Patrick Donahue

July 7 (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 rose 0.2 percent to 4,675.23. The measure, derived from trading in DAX Index futures, provides an estimate of Germany’s benchmark index. The DAX fell 1.2 percent to 4,651.82.

Air Berlin Plc (AB1 GY): The airline releases passenger- traffic data for June. In May, the company said the number of passengers fell 7.7 percent from a year earlier to 2.51 million travelers. The shares fell 5 cents, or 1.5 percent, to 3.29 euros.

Commerzbank AG (CBK GY), Deutsche Bank AG (DBK GY) and Deutsche Postbank AG (DPB GY) stand to profit from a government proposal to change the way assets are revaluated under current accounting rules, Financial Times Deutschland said. Commerzbank shares fell 27 cents, or 5.2 percent, to 4.79 euros.

Deutsche Bank shares dropped 1.39 euros, or 3.2 percent, to 41.31 euros.

Postbank shares slid 41 cents, or 2.2 percent, to 18.10 euros.

Rheinmetall AG (RHM GY): The maker of weapons for the U.S. Army’s Abrams tank will sell shares representing about 10 percent of current stock to finance debt reduction and its defense division’s expansion. Rheinmetall also expects other countries to buy its Puma tank after winning an order from the German army, the Handelsblatt newspaper reported. The shares fell 1.30 euros, or 4.1 percent, to 30.31 euros.

To contact the reporter on this story: Patrick Donahue in Berlin at at pdonahue1@bloomberg.net.