German stocks - Factors to watch on February 13

FRANKFURT Thu Feb 13, 2014 2:17am EST

Related Topics

FRANKFURT Feb 13 (Reuters) - The DAX top-30 index looked set to open 0.3 percent lower on Thursday, according to premarket data from brokerage Lang & Schwarz at 0706 GMT.

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

COMMERZBANK

Indicated 2.5 percent higher

Germany's No. 2 lender accelerated its turnaround plan and improved its capital and clean-up targets on Thursday after posting a small profit in the fourth quarter of 2013 as its restructuring gained traction.

Related news

BAYER

Indicated 0.1 percent lower

The German drugmaker said it had received EU approval for its new transparent low dose contraceptive patch.

Related news

THYSSENKRUPP, BASF

BASF indicated 0.5 percent lower

ThyssenKrupp indicated 0.5 percent lower

Industry exemptions from Germany's surcharge to fund subsidies for green energy will be reduced while respecting the need for competitiveness, a draft of Germany's planned reform of a law on renewable energy shows.

Related news

VOLKSWAGEN

Indicated 0.7 percent lower

U.S. Senator Bob Corker of Tennessee said on Wednesday that if workers at the VW plant in his hometown of Chattanooga reject United Auto Worker representation, the company will reward the plant with a new product to build.

Related news

AURUBIS

Indicated 0.1 percent lower

The copper smelter reported full first-quarter results after issuing a profit warning earlier this month.

Related news

GERRESHEIMER

Indicated 0.1 percent lower

The maker of pill bottles and syringes raised its dividend to 0.70 euros per share from 0.65 euros after reporting a 4.1 percent increase in full-year core operating profit to 249.8 million euros ($339.4 million).

Related news

GERRY WEBER

Indicated 0.4 percent lower

The fashion house said first-quarter like-for-like sales at its Retail business were up by 3.2 percent.

Related news

RTL GROUP

No indication available

Co-Chief Anke Schaeferkordt has extended her contract until 2019, German newspaper Handelsblatt reported citing sources at Bertelsmann, which controls the broadcaster.

Related news

CARL ZEISS MEDITEC

Indicated 1 percent lower

The medical technology maker reported its operating profit fell to 26.5 million euros from 31.3 million euros due to unfavourable exchange rates and a slowdown in momentum in Microsurgery.

Related news

DRAEGERWERK

Indicated 0.5 percent higher

The company reported its 2013 operating profit fell by 13 percent to 200 million euros, hit by unfavourable exchange rates, and said it expected to post a 2014 operating margin of 8-10 percent, compared with 8.5 percent last year.

Related news

AIR BERLIN

Indicated 0.8 percent higher

Workers union Verdi has called on ground workers at Germany's third-largest airport Duesseldorf to take part in warning strikes for Thursday.

Related news

BALDA

No indication available

The company affirmed its full-year outlook after swinging to a first-half profit before interest, tax, depreciation and amortisation (EBITDA) from continuing operations of 1.1 million euros from a year-earlier loss of 1.6 million.

Related news

GESCO

Indicated 0.8 percent lower

The company reported its third-quarter net profit shrank to 5.4 million euros from 6 million a year earlier and said it now expected full-year net income to come in below 18 million.

Related news

SHW AG

No indication available

The automotive supplier reported a 5.3 percent increase in 2013 core operating profit to 35.7 million euros and said it saw the figure rising to 38-40 million euros this year as it expands in markets such as Brazil, China and North America.

Related news

ANNUAL GENERAL MEETINGS

INFINEON - 0.12 eur/shr dividend proposed

EX-DIVIDEND

TUI - dividend 0.15 eur/shr

ANALYSTS' VIEWS

BILFINGER - UBS cuts target price to 84 euros from 86 euros.

CTS EVENTIM - Berenberg raises the stock to "buy" from "hold", lifts its target price to 48 euros from 32 euros.

OVERSEAS STOCK MARKETS

Dow Jones down 0.2 pct, S&P 500 flat, Nasdaq up 0.2 pct at Wednesday's close.

Nikkei down 1.8 pct at Thursday's close.

GERMAN ECONOMIC DATA

Germany's consumer price inflation for January was confirmed at a rate of -0.6 percent month-on-month and +1.3 percent year-on-year, the Federal Statistics Office said on Thursday.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS ($1 = 0.7359 euros) (Reporting by Harro ten Wolde, Victoria Bryan and Maria Sheahan)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.