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German stocks - Factors to watch on March 6
FRANKFURT, March 6 |
FRANKFURT, March 6 (Reuters) - The DAX top-30 index looked set to open unchanged on Wednesday, according to premarket data from brokerage Lang & Schwarz at 0727 GMT.
The following are some of the factors that may move German stocks:
DAIMLER
Indicated unchanged
Daimler CEO Zetsche urged his top brass not to be distracted by a management reshuffle and to focus on competitors like Volkswagen instead.
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DEUTSCHE BANK
Indicated 0.1 percent lower
Deutsche Bank has rejigged its global leveraged debt capital markets team, according to an internal memo seen by IFR on Tuesday.
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HENKEL
Indicated 2.2 percent higher
The maker of washing powder and shampoos said it expected earnings to rise to another record this year after reporting its highest-ever profit in 2012, driven by emerging markets and cost controls.
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THYSSENKRUPP, SALZGITTER
ThyssenKrupp indicated 0.2 percent higher
Salzgitter indicated 1.0 percent lower
Steel workers in north west Germany will receive a 3 percent wage rise from March 1 2013, trade union IG Metall and employers agreed in the early hours of Wednesday after 10 hours of talks.
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AXEL SPRINGER
Indicated 3.1 percent lower
The German publisher said on Wednesday it expected a significant drop in 2013 adjusted earnings per share as investments will weigh on results.
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KLOECKNER & CO
Indicated 0.3 percent higher
The steel distributor said its new shareholder Albert Knauf backed management's strategy of expanding in the United States and restructuring in Europe as it reported a loss for 2012.
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AIR BERLIN
Indicated 0.2 percent lower
The airline airline said passenger numbers fell 11.9 percent to 1.80 million in February as it cut capacity by 12.2 percent.
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IVG IMMOBILIEN
Indicated 15.9 percent lower
IVG late on Tuesday reported a net loss of 98.7 million euros for 2012, thanks to valuation adjustments. It said it expects to pay no dividend for 2012.
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INDEX CHANGES AS OF MARCH 18:
MDAX
IN: NORMA
OUT: VOSSLOH
TECDAX
IN: TELEFONICA DEUTSCHLAND
OUT: SOLARWORLD
OVERSEAS STOCK MARKETS
Dow Jones +0.9 pct, S&P 500 +1 pct, Nasdaq +1.3 pct at Tuesday's close.
Nikkei +2.1 pct at Wednesday's close.
ANALYSTS' VIEW:
ALSTRIA OFFICE REIT - JP Morgan cuts the stock to "neutral" from "overweight".
GSW IMMOBILIEN - Societe Generale starts the stock with a "buy" rating and a 35 euro price target.
EUROPEAN FACTORS TO WATCH
DIARIES
REUTERS TOP NEWS ($1 = 0.7677 euros) (Reporting by Edward Taylor and Peter Dinkloh)
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