Monday Morning View From Europe

by: Dealing Floor

From DealingFloor:


- Ericsson, DaimlerChrysler Beat Earnings Estimates, Buoying Stock Markets
- Prudential Plc Shares May Rise After $29 Billion Takeover Offer From Aviva
- Bank Stocks in Europe May Decline as Higher Interest Rates Hurt Profits
- Wolseley May Say Profit Increased on Acquisitions, Building Demand in U.S.
- Dollar to Drop This Week; Traders See Fewer Federal Reserve Rate Increases
- Gold May Rally for Second Week on Iraq War, Iran Nuclear Plans Concern
- European Union Reviews Chip Tariff on Hynix, Reopening Fight With Infineon


- Earnings of note:
Dansico, Collins Stewart Tullet.

- 3i Group Plc, Europe’s biggest publicly traded buyout firm, and U.K. property entrepreneur Vincent Tchenguiz are among at least six bidders for U.K. nursing home chain Four Seasons Health Care Ltd., the Independent reported, without saying where it got the information.

- Degussa AG, The world’s biggest specialty chemicals maker, is in advanced talks with two final bidders
for its water treatment unit, the Financial Times Deutschland said, citing unidentified people familiar with
the situation.

- London Stock Exchange Plc investors may accept a takeover offer of 12 pounds a
share from Nasdaq Stock Market Inc.,the Business reported, citing unidentified people close to the deal.

- Prudential Plc: American International Group Inc. and Axa SA are considering bidding for Prudential after the U.K. insurer turned down an offer by Aviva Plc (AV/ LN), a U.K. rival, the Sunday Telegraph
reported, without citing its sources.

- Roche Holding AG may be active, as Genentech Inc., the world’s second-biggest biotechnology company and majority-owned by Roche, said 2006 earnings per share, excluding some items, will rise 40 percent to 50 percent, more than an earlier forecast. **