German stocks - Factors to watch on March 18
FRANKFURT, March 18
FRANKFURT, March 18 (Reuters) - The DAX top-30 index looked set to open 0.1 percent lower on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0721 GMT.
The following are some of the factors that may move German stocks:
The United States and European Union imposed personal sanctions on Monday on Russian and Crimean officials involved in the seizure of Crimea from Ukraine as Russian President Vladimir Putin signed a decree recognising the region as a sovereign state.
BMW indicated 0.4 percent higher
Daimler indicated 0.2 percent higher
Volkswagen indicated 0.2 percent higher
European car sales rose 7.6 percent in February, as a gradual economic recovery in Portugal, Spain and Italy boosted demand for mass market brands, industry data showed on Tuesday.
Separately, annual results due from Porsche Automobil Holding SE, the investment company that holds a majority stake in the ordinary share capital of Volkswagen.
Also, Scania's independent board committee on Tuesday recommended shareholders to reject the bid by Volkswagen for the outstanding shares in the truck maker.
Indicated 0.2 percent higher
The healthcare group said it would issue 735 million euros of equity-neutral convertible bonds due in 2019, the final funding step for the acquisition of hospitals from Rhoen-Klinikum.
Prinovis, a joint-venture printing company controlled by Axel Springer and Bertelsmann, has lost a contract worth up to 25 million euros ($34.82 million), to print Germany weekly Der Spiegel, German daily Handelsblatt said. A Prinovis spokeswoman confirmed the report.
Indicated 0.1 percent lower
Celesio, the German drugs distributor being taken over by its U.S. peer McKesson, expects its underlying operating profit to return to growth this year as it expands its network of pharmacies.
Indicated 2.9 percent higher
Published full 2013 annual report. The supplier of production systems for the automotive sector on Monday said it would propose raising its dividend to 1.45 euros per share for 2013 from 1.13 euros a year earlier.
Indicated 2.3 percent higher
The specialty chemicals maker expects profits and sales to rise this year after the group reached a deal to keep on selling polysilicon to solar companies in China, its single most important market.
Indicated 0.1 percent higher
2013 results due.
No indication available
The real estate company said it expected its funds from operations (FFO) to grow to 47-49 million euros this year from 45.9 million in 2013.
QIAGEN - Berenberg raises to "buy" from "hold", lifts target price to 19 euros from 14 euros.
OVERSEAS STOCK MARKETS
Dow Jones +1.1 pct, S&P 500 +1 pct, Nasdaq +0.8 pct at Monday's close.
Nikkei +0.9 pct at Tuesday's close.
Germany's Constitutional Court is expected to confirm on Tuesday that it considers the euro zone bailout fund legal so long as parliament has sufficient oversight.
GERMAN ECONOMIC DATA
February wholesale price index -0.1 pct m/m vs expected +0.2 pct, -1.8 y/y vs expected -2.1 pct.
March ZEW index due to at 1000 GMT. Economic sentiment seen at 53.0, current conditions seen at 52.0.
EUROPEAN FACTORS TO WATCH
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- Secret Service investigates after man jumps White House fence, reaches doors
- Scots spurn independence in historic vote, devolution battle begins |
- About 60,000 Syrian Kurds flee to Turkey as Islamic State advances |
- French jets strike in Iraq, expanding U.S.-led campaign against Islamic State |