German stocks - Factors to watch on November 13
FRANKFURT |
FRANKFURT Nov 13 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.1 percent higher on Friday, according to premarket data from brokers at 0710 GMT.
The following are some of the factors that may move German stocks on Thursday (share price indications at 0710 GMT):
PORSCHE SE (PSHG_p.DE)
Indicated 1.1 percent lower.
The automotive holding company proposed to pay a symbolic dividend of 0.05 euros per preferred share after relying on 1 billion euros ($1.50 billion) of retained earnings to post a tiny fiscal year net profit. [ID:nLC548112]
Related news [PSHG_p.DE-E]
DAIMLER (DAIGn.DE)
Indicated 0.5 percent lower
Chief Executive Dieter Zetsche said it would take at least until 2012 before the U.S. car market returns to levels seen prior to the global financial crisis. [ID:nN12421935]
In addition CFO Bodo Uebber told Financial Times Deutschland that the company will probably continue shorter working hours at its German plants and cannot rule out a loss in 2010 for the group.
Related news [DAIGn.DE-E]
MAN (MANG.DE), ALLIANZ (ALVG.DE), HEIDELBERG (HDDG.DE)
MAN seen up 0.1 pct, Allianz down 0.2 pct and Heidelberg down 0.5 pct.
Manroland, Germany's second-largest printing press maker, said its two owners, Allianz and MAN, would replace all its debt with equity. [ID:nLC576090]
Related news [HDDG.DE-E]
IPOs, MEDIA AND CABLE OPERATORS
John Malone's media conglomerate, Liberty Media, said it would acquire the second-largest German cable network company, Unitymedia, for 2 billion euros, meaning all plans will be scrapped for an initial public offering. [ID:nWNAB5506]
Related news [IPO-DE-E] and [PUB-DE-E]
BAUER (B5AG.DE)
Indicated 0.7 percent lower
Q3 Results. The German construction company reported a nine-month EBIT of 60 million euros slightly below expectations, but the company's CEO sees the crisis having bottomed out. Poll: [ID:nL6474129]
Related news [B5AG.DE-E]
IVG IMMOBILIEN (IVGG.DE)
Indicated 6 percent higher
Q3 Results. The real-estate specialist reported an operating result of 51.8 million euros coming in slightly higher than expectations of 43 million euros. Poll:[ID:nL6060816]
Related news [IVGG.DE-E]
KLOECKNER & CO (KCOGn.DE)
Indicated 1.7 percent lower
Q3 Results. Europe's largest steel and metal distributor in Europe, reported a third quarter EBITA of 11 million, coming in below estimates of a third-quarter core operating profit (EBITDA) of 16.1 million euros. [ID:nWEA0910] Poll: [ID:nL6726610]
Related news [KCOGn.DE-E]
DRILLISCH (DRIG.DE)
Indicated 3.3 percent higher
Final Q3 results. The company
Related news [DRIG.DE-E]
MEDIGENE (MDGGn.DE)
Indicated 1.3 percent lower
Q3 Results
Related news [MDGGn.DE-E]
ROTH & RAU R8RG.DE
Indicated 0.5 percent higher
Final Q3 Results
Related news [R8RG.DE-E]
ALSTRIA OFFICE REIT A0XG.DE
Indicated 0.8 percent lower
Q3 Results
Related news [A0XG.DE-E]
OVERSEAS STOCK MARKETS
Dow Jones .DJI -0.9 pct, S&P 500 .SPX +1 pct, Nasdaq .IXIC +0.8 pct. [ID:nN12418963]
Nikkei .N225 -0.4 pct. [ID:nT101220]
MACROECONOMY
GERMAN Q3 GDP fell 4.7 percent year-on-year, slightly better than the 4.8 percent year-on-year drop expected
G7TODAY ECONDE
European Factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EWQUITY]
Reuters Top News [ID:nTOPNEWS]
(Reporting by Christiaan Hetzner and Tyler Sitte)
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