Economic Calendar

Wednesday, August 26, 2009

Commerzbank, Boewe Systec, Leica Camera: German Equity Preview

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By Aaron Kirchfeld

Aug. 26 (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 DAX Index added 0.7 percent to 5,557.09.

Boewe Systec AG (BSY GY): The maker of machines that insert mass mailings into envelopes said it plans to return to profitability this year after a loss in 2008. The shares fell 19 cents, or 3.6 percent, to 5.06 euros.

Commerzbank AG (CBK GY) and Deutsche Bank AG (DBK GY): German Finance Minister Peer Steinbrueck said the government may need to pump more money into credit markets if measures by the banks aren’t sufficient to feed the economy, Handelsblatt reported. Steinbrueck wants to tackle the more difficult credit conditions, though he doesn’t plan to force banks to issue loans, Handelsblatt said.

Commerzbank was unchanged at 6.02 euros while Deutsche Bank fell 31 cents, or 0.6 percent, to 49.29 euros.

Leica Camera AG (LCA1 GY): The maker of photographic equipment said Franz Jung has been designated to succeed supervisory board Chairman Wolf Schumacher, who will resign at the end of August. The shares last traded Aug. 10 at 4.74 euros.

To contact the reporters on this story: Aaron Kirchfeld in Frankfurt at akirchfeld@bloomberg.net




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