Tuesday, June 5, 2007

Merck KGaA, Comdirect Bank, Gerry Weber, Jenoptik: German Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets.

Germany's X-DAX Index rose 9.49, or 0.1 percent. The index
provides an estimate of the DAX Index, based on trading in DAX
futures after the Xetra electronic market closes. The DAX
declined 0.7 percent to 7919.83 on the Xetra electronic-trading
system.


Read more at Bloomberg Stocks News

Acadia, Barnes Group, Cooper, Guess?, Oxford, Volterra: U.S. Equity Previe

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges
today. This preview includes news that broke after exchanges
closed yesterday. Stock symbols are in parentheses after company
names.

Acadia Pharmaceuticals Inc. (ACAD US) rose $1.83, or 15
percent, to $14.26 in trading yesterday after the official close
of U.S. markets. The developer of drugs to treat central nervous
system disorders was recommended by CNBC host Jim Cramer, who
said the company will benefit from three promising drugs in U.S.
Food and Drug Administration clinical trials.


Read more at Bloomberg Stocks News

Pakistan Air Seeks $532 Million in Its Biggest Loan to Fund Boeing Planes

(Bloomberg) -- Pakistan International Airlines Corp.
will borrow $532 million in its biggest dollar-denominated loan
to fund the purchase of three new planes after the European Union
in March barred most of its fleet from flying into the region.

The airline hired ABN Amro Holding NV to arrange the loans,
M. Abdul Aleem, the Karachi, Pakistan-based carrier's chief
financial officer said in an e-mailed response to questions.
Pakistan's government and the U.S. Export-Import Bank will
guarantee a 12-year, $470 million part of the loan, he said.


Read more at Bloomberg Bonds News

Copper Prices Little Changed in Asia as Recent Gains Viewed as Excessive

(Bloomberg) -- Copper prices were little changed in
Asia as recent gains on declining global inventories were seen
overdone and concern eased that labor disputes in Chile, the
world's biggest producer, may disrupt supply.

Inventories of copper tracked by the London Metal Exchange
dropped for the 12th-straight session to 123,300 metric tons, the
LME said yesterday in a daily report. Inventories in China have
fallen in the past two weeks, the Shanghai Futures Exchange said
on June 1.


Read more at Bloomberg Commodities News

Gold Trades Near Three-Week High in Asia Amid Speculation Euro May Gain

(Bloomberg) -- Gold traded near a three-week high in
Asia amid speculation the euro may gain, boosting demand for the
metal as an alternative investment to a weakening dollar. Silver
was little changed.

Gold generally moves in tandem with the euro which may gain
for a third day against the dollar amid speculation the European
Central Bank will raise interest rates at a policy meeting today.
The U.S. currency fell to a three-week low against the euro
yesterday. Gold has gained 1.7 percent this month.


Read more at Bloomberg Commodities News

Colony Capital to Buy Libya's Tamoil for $5.4 Billion, Defeating Carlyle

(Bloomberg) -- Colony Capital LLC, the property
buyout firm led by billionaire Thomas Barrack, agreed to acquire
control of Libya's Tamoil SA for 4 billion euros ($5.4 billion),
beating out other suitors including Carlyle Group.

The Libyan government will retain a 35 percent stake in the
refiner and gas-station operator, Los Angeles-based Colony said
in a statement today. Owen Blicksilver, a spokesman for Colony,
declined to comment beyond the statement.


Read more at Bloomberg Energy News

Australian Dollar Strengthens to 18-Year High on Faster Economic Growth

(Bloomberg) -- The Australian dollar rose to the
strongest since Feb. 1989 after a government report showed
economic growth in the first quarter was faster than expected.
Bonds fell.

The currency bought 84.13 U.S. cents at 11:37 a.m. in Sydney
from 83.82 cents immediately before the report and 83.83 cents
late in Asia yesterday.


Read more at Bloomberg Currencies News