German stocks - Factors to watch on February 8
FRANKFURT Feb 8 (Reuters) - The DAX top-30 index looked set to open 0.3 percent higher on Friday, according to premarket data from brokerage Lang & Schwarz at 0709 GMT.
The following are some of the factors that may move German stocks:
Indicated 0.5 percent higher
An investment adviser to shareholders holding about 7.5 million shares of MetroPCS Communications Inc said it intends to vote against the company's proposed merger with T-Mobile USA due to the deal valuation and debt levels that come with it.
Indicated 0.2 percent higher
January traffic figures due at 1200 GMT.
Indicated 0.3 percent lower
The German truck maker's operating profit plunged 35 percent last year as the prolonged economic weakness in core European markets eroded demand from freight companies and construction firms. Poll:
Indication not available
The German fashion house said it was confident of posting stronger growth than the luxury market in 2013 as it reported a 18 percent rise in sales for the fourth quarter.
Indicated 4.5 percent higher
Software AG on Thursday said it will buy back shares worth up to 180 million euros ($241 million).
OVERSEAS STOCK MARKETS
Dow Jones -0.3 pct, S&P 500 -0.2 pct, Nasdaq -0.1 pct at Thursday's close.
Nikkei -1.8 pct at Friday's close.
GERMAN ECONOMIC DATA
German December trade balance 16.8 bln eur, vs Reuters consensus of 14.8 bln.
EUROPEAN FACTORS TO WATCH
- Exclusive: Malaysia plane probe narrows on mid-air disintegration - source
- Radar showed missing plane may have turned back: Malaysia military
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Malaysian plane presumed crashed; questions over false IDs |
- Merkel raps Putin as Russian forces tighten grip on Crimea |