German stocks - Factors to watch on May 9
FRANKFURT May 9 (Reuters) - The DAX top-30 index looked set to open 0.2 percent lower on Friday, according to premarket data from brokerage Lang & Schwarz at 0621 GMT.
The following are some of the factors that may move German stocks:
Indicated 0.7 pct higher
The company is in talks with the remaining owners of Eneva over whether the Brazilian energy firm, in which E.ON owns 38 percent, should raise 1.5 billion reais ($677.31 million) in capital, Handelsblatt reported, citing company sources.
Related news ($1 = 2.2146 Brazilian Reals)
Indicated 0.2 pct lower
German pharmaceuticals and chemicals company Merck KGaA on Thursday said it had appointed Marcus Kuhnert to become chief financial officer, effective on Aug. 1.
Merck further said it would seek to delist AZ Electronic Materials, after securing control over 97.85 percent of the company.
Indicated 1.3 pct higher
The steelmaker posted a first-quarter pretax loss of 8.7 million euros ($12.1 million), compared with a 16.1 million euro pretax loss from a year earlier, thanks to its holding in copper producer Aurubis.
Carl Zeiss Meditec
Indicated 1.1 pct higher
The maker of medical technology said it was still aiming to widen its EBIT margin to 15 percent by 2015 from at 13.8 percent in the first six months of the fiscal year. Poll:
Koenig & Bauer
Indicated 0.9 pct higher
The world's second-biggest maker of printing presses said it was aiming for a positive operating result before special items in 2014 after its first-quarter operating loss narrowed to 10.2 million euros from 16.9 millions a year earlier.
First day of trading in shares of German 3D printer maker SLM Solutions. The shares were placed with investors at 18 euros each, the lower end of its price range.
Europe's biggest online fashion retailer Zalando, which sources said was mulling a possible flotation later this year, said it was getting closer to breaking even as sales growth slowed slightly in the first three months of 2014.
No indication available
Q1 results due. The German utility is due to present first-quarter earnings.
HEIDELBERGCEMENT - SocGen cuts to "hold" from "buy"
K&S AG - JP Morgan raises to "overweight" from "neutral"
LANXESS - Credit Suisse raises to "neutral" from "underperform"
ANNUAL GENERAL MEETINGS
MERCK KGAA - 1.90 eur/shr dividend proposed
DEUTSCHE ANNINGTON - 0.70 eur/shr dividend proposed
BILFINGER - 3.00 eur/shr dividend
LEONI - 1.00 eur/shr dividend
ADIDAS - 1.50 eur/shr dividend
MTU AERO ENGINES - 1.35 eur/shr dividend
TALANX - 1.20 eur/shr dividend
OVERSEAS STOCK MARKETS
Dow Jones +0.2 pct, S&P 500 -0.14 pct, Nasdaq -0.4 pct at Thursday's close.
Nikkei +0.25 pct at Friday's close.
GERMAN ECONOMIC DATA
German exports posted their biggest fall in nearly a year in March and imports also fell, narrowing the trade surplus in Europe's largest economy and confirming that trade was a drag on growth at the start of 2014.
EUROPEAN FACTORS TO WATCH
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- New York police officer critically wounded in hatchet attack |
- Doctor with Ebola in NY hospital, nurse declared virus-free
- Exclusive: Charred tanks in Ukraine point to Russian involvement
- Putin accuses United States of damaging world order