Bloomberg News

BP, HSBC Holdings, Siemens: Europe Equity Preview for Dec. 20

December 20, 2011

Dec. 20 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index rose less than 0.1 percent percent to 233.75. The Stoxx 50 Index gained 0.1 percent to 2,272.53. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, increased less than 0.1 percent to 2,202.95.

BP Plc (BP/ LN): The British oil company will sign agreements with Angola to explore for oil and gas in “various blocks” in the Kwanza Basin offshore, the southwest African country’s state news agency said, citing Robert Dudley, chief executive of the British company. BP dropped 1.8 percent to 437.65 pence.

HSBC Holdings Plc (HSBA LN): Europe’s largest bank by market value may escape $1.5 billion of additional costs after the government diluted plans requiring British lenders to raise extra loss-absorbing capital. HSBC fell 0.5 percent to 478.25 pence.

Siemens AG (SIE GY): Europe’s largest engineering company and OAO Gazprom (GAZP RX) signed an agreement in Moscow on a strategic partnership, DPA-AFX reported. The companies plan to cooperate in areas such as logistical infrastructure for energy projects, medical technology, electric energy and automation, the German newswire reported. Siemens retreated 0.2 percent to 71.25 euros.

--Editor: Stephen Kleege

To contact the reporter on this story: Ksenia Galouchko in New York at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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