Sept. 17 (Bloomberg) -- The following stocks may make significant gains or losses in German markets today.

Futures that track Germany's benchmark DAX Index rose 0.4 percent to 3967 as of the 8 p.m. close Frankfurt time on Eurex AG, the world's biggest futures market. The DAX closed up 0.6 percent at 3963.65 on the Xetra electronic-trading system.

The DAX might drop about 5 points to 3959, according to Deutsche Bank AG, as of 8:15 a.m. in Frankfurt.

The stock symbols are in parentheses after the company names and prices are from Xetra close unless otherwise stated.

Dax stocks:

Allianz AG (ALV GY), Europe's largest financial services company, cut car insurance tariffs for new contracts in various client groups from Sept. 1 to counter further market share losses, Financial Times Deutschland said.

The new tariffs cut car insurances for some new clients by more than 30 percent, the newspaper said, without citing where it got the information. The shares rose 43 cents, or 0.5 percent, to 85.18 euros.

Deutsche Post AG (DPW GY): Europe's largest postal service may be active. ABX Air Inc., a provider of air cargo transportation and services, is benefiting as its largest customer, DHL Worldwide Express, which is owned by Deutsche Post AG, boosts its business in the U.S., Business Week said in its ``Inside Wall Street'' column.

ABX has a fleet of 116 planes that provide DHL with airlift and sorting services, Business Week said. About 95 percent of the air-cargo carrier's revenue comes from DHL, Business Week said.

Deutsche Post has said it will spend about $1.2 billion to expand DHL, assuring ABX of steady sales, Business Week said. The shares rose 26 cents, or 1.5 percent, to 17.15 euros.

E.ON AG (EOA GY): Europe's second-largest utility's natural- gas distributor Ruhrgas AG will probably raise gas prices contrary to media reports that E.ON wants to delay increases, Berliner Zeitung Says.

Ruhrgas plans to lift prices by about 4 percent from the start of 2005, the newspaper said, without saying where it got the information. Ruhrgas expects E.ON's possible demand for a delay in price increases to concern the electricity market, but not the gas sector, the paper said. The shares rose 40 cents, or 0.7 percent, to 59 euros.

Munich Re (MUV2 GY): The world's largest reinsurer may be active after storm modellers predicted Hurricane Ivan may cost insurers less than first estimated after the third storm to hit the U.S. in six weeks skirted New Orleans.

U.S. claims will probably total $2 billion to $7 billion, down from a previous prediction of as much as $10 billion, according to Risk Management Solutions Inc., which gauges losses with computer models. AIR Worldwide Corp., another storm modeler, predicted $3 billion to $6 billion. The shares rose 51 cents, to 0.6 percent, to 82.42 euros.

TUI AG (TUI GY): Europe's largest travel company completed the sale of its stake in a French maker of mobile buildings to investment firm TDR Capital LLP for 320 million euros. TUI shares fell 1 cent to 15.09 euros.

Other stocks:

Aareal Bank AG (ARL GY): Germany's No. 6 commercial property lender said its biggest shareholder increased its stake to 46 percent after buying shares for about 85 million euros as part of a rights offer. The shares rose 19 cents to 23.75 euros.

Hypo Real Estate Group (HRX GY): Germany's No. 2 commercial property lender may be active after Lone Star Funds, a U.S. investment firm that buys troubled loans, agreed to acquire 3.6 billion euros of mostly defaulted loans from Hypo Real Estate in the country's biggest such purchase. Hypo Real Estate shares rose 99 cents to 27.05 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at rogoszynski@bloomberg.net OR Chris Fournier in Frankfurt at Cfournier3@bloomberg.net

Last Updated: September 17, 2004 02:26 EDT