German stocks - Factors to watch on February 19
FRANKFURT Feb 19 (Reuters) - The DAX top-30 index looked set to open 0.2 percent lower on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0723 GMT.
The following are some of the factors that may move German stocks:
Indicated 0.3 percent lower
Chief Financial Officer Frank Lutz is leaving the company with immediate effect, before the group becomes fully integrated into Volkswagen.
Indicated down 0.2 percent
Siemens may cut 7,000 jobs in Germany, newspaper Handelsblatt reported on Tuesday, citing union sources. At the moment Siemens employs 129,000 workers in Germany and 405,000 globally.
Indicated 0.3 percent lower
Czech energy firm EPH will bid with a partner for Net4Gas, the Czech gas transmission system operator owned by RWE, a spokesman said on Monday.
DAIMLER, BMW, VW
Daimler indicated 0.2 percent higher
BMW indicated unchanged
VW indicated 0.1 percent lower
German proposals to protect its output of big, luxury cars threaten EU plans to limit carbon emissions by 2020 and could jeopardise future ambitions, a document from the bloc's executive said on Monday.
DEUTSCHE BANK, Commerzbank
Deutsche Bank indicated 0.2 percent lower
Commerzbank indicated 0.1 percent lower
Bankers' bonuses could be pegged at no more than their annual salaries if European Union lawmakers and member states reach agreement in key talks on Tuesday.
Indicated 2.2 percent lower
The German cable operator said late-Monday the German Cartel Office considers the proposed divestment of network assets to clear the way for the Tele Columbus acquisition as insufficient.
Indicated 5 percent higher
German billionaire Albrecht Knauf has taken a 7.8 percent stake in the steel distributor, becoming its largest shareholder.
MTU AERO ENGINES
Indicated 0.4 percent higher
Germany's richest woman, Susanne Klatten, will become head of the supervisory board, thus extending her influence over the carbon specialist, two sources familiar with the matter told Reuters on Monday.
OVERSEAS STOCK MARKETS
Wall Street was closed on Monday for President's Day. At Friday's close Dow Jones +0.1 pct, S&P 500 +0.02 pct, Nasdaq +0.1 pct
Nikkei closed down -0.3 pct.
GERMAN ECONOMIC DATA
ZEW index for February due at 1000 GMT, with economic sentiment seen at 35.0 and current conditions forecast at 9.0.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS (Reporting by Victoria Bryan and Peter Dinkloh)
- U.S.'s Kerry expresses regret to India over diplomat case |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- Mega Millions winners in Georgia, California to split $648 million |
- China confirms near miss with U.S. ship in South China Sea
- Fed cuts bond buying in first step away from historic stimulus |