Friday, June 1, 2007

Germany's DAX Index Advances, Paced by Deutsche Telekom, Allianz, Metro

(Bloomberg) -- German stocks advanced for a second
day, led by Deutsche Telekom AG rose as investors speculated the
company may consider selling its U.S. mobile phone unit.

Allianz SE, Europe's largest insurer, gained after Goldman,
Sachs & Co. added the stock to its ``conviction buy'' list and
to its ``Pan-Europe buy'' list. SAP AG rose on speculation that
U.S. competitor Oracle Corp. bought a 12 percent stake in the
world's largest maker of business-management software,


Read more at Bloomberg Stocks News

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