German stocks - Factors to watch on February 11

FRANKFURT Tue Feb 11, 2014 2:35am EST

FRANKFURT Feb 11 (Reuters) - The DAX top-30 index looked set to open 0.5 percent higher on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0727 GMT.

The following are some of the factors that may move German stocks:

FRESENIUS

Indicated 0.3 percent lower

The diversified healthcare group late on Monday announced the offering of $300 million in dollar-denominated senior unsecured notes with a maturity of 7 years to fund the announced acquisition of hospitals from Rhoen-Klinikum and to further diversify its investor base.

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BASF

Indicated 0.4 percent higher

Germany will account for a quarter of BASF's global investments over the next five years, down from more than a third over the past five years, as electricity costs rise, Chief Executive Kurt Bock wrote in an article published by Frankfurter Allgemeine Zeitung.

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LUFTHANSA

Indicated 0.6 percent higher

January traffic figures due at 1200 GMT.

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METRO

Indicated 0.2 percent higher

The German retailer hopes more stable economic conditions and exchange rates will help lift profits this year, after reporting a dip in first-quarter earnings largely due to lower real-estate income and the strong euro. Poll:

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BILFINGER

Indicated 0.9 percent lower

The German engineering and services group on Tuesday proposed a dividend of 3.00 euros ($4.09) per share for 2013, unchanged from last year, after adjusted 2013 earnings rose. Poll:

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AXEL SPRINGER

Indicated 0.5 percent higher

The company needs acquisitions to continue its digital business expansion, Chief Executive Mathias Doepfner told the Wall Street Journal.

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TELEFONICA DEUTSCHLAND

Indication not available

The German telecoms operator, which is 79.86 percent-owned by Spain's Telefonica will hold an extraordinary general meeting to vote on the 8.6 billion euro takeover of KPN's German unit E-Plus.

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OVERSEAS STOCK MARKETS

Dow Jones +0.1 pct, S&P 500 +0.2 pct, Nasdaq +0.5 pct at Monday's close.

Nikkei +1.8 pct at Tuesday's close.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS ($1 = 0.7327 euros) (Reporting by Harro ten Wolde, Ludwig Burger and Christoph Steitz)