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Nov. 2 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index lost 3.5 percent to 235.06. The Stoxx 50 Index slipped 2.9 percent to 2,251.52. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, fell 5.3 percent to 2,259.73.
ArcelorMittal (MT NA): The world’s largest steelmaker said it will suspend expansion plans for its Monlevade plant in Brazil amid global economic slowdown and lower-than-forecasted steel demand in the Latin American country. The shares dropped 6 percent to 14.14 euros.
Daimler AG (DAI GY): The Stuttgart, Germany-based company’s Mercedes-Benz sold more luxury cars than Bayerische Motoren Werke AG (BMW GY) in the U.S. last month, bolstered by a new sporty C-Class model. Munich-based BMW kept the lead for the year with 199,552 vehicles. Sales by Volkswagen AG (VOW3 GY) U.S. luxury Audi division rose 25.8 percent in October from a year earlier. Daimler fell 5.9 percent to 34.81 euros. BMW lost 4.2 percent to 56.58 euros. Volkswagen sank 5.4 percent to 120 euros.
Deutsche Bank AG (DBK GY): Germany’s largest lender told a judge that Lehman Brothers Holdings Inc.’s liquidation plan can’t be confirmed unless the defunct firm reclassifies $2.4 billion in claims held by the German bank, or keeps a reserve “to fully protect Deutsche Bank’s rights,” a court filing showed. The shares slid 8 percent to 27.93 euros.
Renault SA (RNO FP): France’s second-biggest carmaker was raised to “buy” from “hold” at Norddeutsche Landesbank Girozentrale. The 12-month price target is 34 euros. The shares fell 9 percent to 27.70 euros.
Wereldhave NV (WHA NA): The Dutch property investor may buy the Ealing Broadway mall in London for about 152.5 million pounds ($243.2 million) in the next week, Reuters reported, citing two people familiar with the matter. The shares fell 2.8 percent to 55.21 euros.
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