STOCKS NEWS EUROPE-Deutsche Bank new in DZ Germany top-10

DZ Bank adds Deutsche Bank (DBKGn.DE) to its Germany top-10 list of recommended stocks.

"Against the background of a good environment on the capital market, we believe the positive earnings trend is likely to have continued in Q2; we view an increase in writedowns as unlikely," DZ Bank says in a strategy note.

Deutsche Bank's tier-1 capital is solid and that no capital increase will be needed, says DZ Bank, which rates Deutsche Bank "buy".

Shares in Deutsche Bank are up 3.7 percent, outpacing the DJ STOXX European bank index .SX7P, which is up 1.6 percent.

DZ Bank also adds vacuum pump maker Pfeiffer Vacuum (PV.DE) to the top-10 while removing real estate company DIC Asset (DAZG.DE) and spectacles retailer Fielmann (FIEG.DE) from the list.

Reuters Messaging rm://peter.starck.reuters.com@reuters.net