German stocks - Factors to watch on May 4

Mon May 4, 2009 2:18am EDT
 
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    FRANKFURT, May 4 (Reuters) - The DAX top-30 index <.GDAXI> 
looked set to open 0.8 percent higher on Monday, according to 
pre-market data from brokers at 0610 GMT. 
    Factors that may move German stocks on Monday: 
     
    VOLKSWAGEN , PORSCHE  
    VW indicated 0.9 percent lower 
    Porsche indicated 1.1 percent higher 
    The Porsche and Piech families are set to decide on 
Wednesday over a possible sale of Porsche AG to VW with a  
ownership likely split along family lines. [nL2014250] 
[nL2085901] 
    Separately, the supervisory board chairman of German 
government rescue fund Soffin said he was against state aid for 
Volkswagen Bank . [nL0454308] 
    VW's U.S. sales of cars and light truck fell 16.1 percent in 
April, Audi sales fell 9.3 percent and Porsche sales fell 35.3 
percent. [nN01335039] [nN01335995] [nN01319788] 
    Related news [VOWG.DE-E] [PSHG_p.DE] 
     
    DAIMLER  
    Indicated 1.2 percent higher 
    U.S. April sales fell 28.1 percent. [nN01326318] 
    Related news [DAIGn.DE-E] 
     
    BMW  
    Indicated 1.0 percent higher 
    U.S. April sales fell 38.4 percent. [nN01290542] 
    Related news [BMWG.DE-E] 
     
    SIEMENS  
    Indicated 0.7 percent higher 
    Siemens and India's state-run Bharat Heavy Electricals 
 plan to form a joint venture for making critical and 
super critical steam turbines in India, India's Economic Times 
newspaper said. [nBOM69115] 
    Related news [SIEGn.DE-E] 
 
    RWE  
    Indicated 0.6 percent higher 
    RWE's supervisory board elected Manfred Schneider as  
chairman. [nL0693320] 
    Related news [RWEG.DE-E] 
     
    HYPO REAL ESTATE  
    Indicated 1.1 percent lower 
    U.S. investor J.C. Flowers is confident that a government 
expropriation of Hypo Real Estate shares would be illegal and 
that he could fight a nationalisation. [nL3005338] The 
government's offer to buy Hypo Real shares expires at 2200 GMT. 
[nLU936673] 
    Separately, German business daily Handelsblatt reported, 
citing industry estimates, that Hypo Real Estate would post a Q1 
loss of about 500 million euros. 
    Related news [HRXG.DE-E] 
 
    BILFINGER BERGER  
   Indicated 0.6 percent lower 
    CEO Herbert Bodner told German magazine WirtschaftsWoche  
Bilfinger may acquire small- to mid-sized companies this year 
but that it was not interested in ThyssenKrupp's  
industrial services operations. Bodner reiterated the company's 
2009 target of an unchanged net profit vs 2008 and said 
Bilfinger would be working on ways to reduce energy costs. 
    Related news [GBFD.DE-E] 
     
    HEIDELBERGCEMENT  
    Indicated 1.1 percent higher 
 Philipp Daniel Merckle, son of late industrialist Adolf 
Merckle, told German magazine Spiegel that the family empire his 
father oversaw can no longer be held together. The holdings 
include a majority stake in HeidelbergCement as well as 
Ratiopharm, Phoenix, and Kaessbohrer. 
    Related news [HEIG.DE-E] 
     
    FIELMANN  
    Indicated 0.8 percent higher 
    CFO Georg Alexander Zeiss told German financial weekly Euro 
am Sonntag that the company is striving to make a profit in 2009 
but did not give a specific target. 
    Related news [FIEG.DE-E] 
     
    SOLARWORLD  
    Indicated 1.1 percent higher 
    SolarWorld reported Q1 EBIT of 39 million euros on sales of 
176 million euros and confirmed its target of full-year 2009 
sales of more than 1 billion euros. [nWEA9780] [nWEA9788] 
    Related news [SWVG.DE-E] 
     
    PLAMBECK NEUE ENERGIEN  
    Indicated 16.7 percent higher  
    Plambeck reported a Q1 pretax profit of 5.3 million euros 
and reiterated its full-year 2009 forecast of a pretax profit of 
29-32 million euros. [nEuED24a] 
    Related news [PNEGnk.DE-E] 
     
    REPOWER  
    Indicated 2.5 percent higher 
    India's Suzlon Energy Ltd  raised its stake in 
REpower to 76 percent. [nBOM75092] 
    Related news [RPWGn.DE-E] 
     
    QIAGEN  
    Indicated 0.5 percent higher 
    Qiagen Q1. Adjusted net profit seen up 5.4 pct yr/yr at $39 
million. [nLR216766] 
    Related news [QGEN.DE-E] 
 
    KLOECKNER-WERKE  
    Indicated 0.8 percent higher 
    Kloeckner-Werke has increased the number of staff on shorter 
hours and will postpone a planned wage hike, its chief told 
German financial weekly Euro am Sonntag. [nL0583786] 
 Related news [KLKG.DE-E] 
     
    EX-DIVIDEND 
    BASF , payout 1.95 eur/shr 
    Beiersdorf , payout 0.90 eur/shr 
    Deutsche Telekom , payout 0.78 eur/shr 
    Software AG , payout 1.1 eur/shr 
    Duerr , payout 0.70 eur/shr 
 
    OVERSEAS STOCK MARKETS 
    Dow Jones <.DJI> +0.5 pct, S&P 500 <.SPX> +0.5 pct, Nasdaq 
<.IXIC> +0.1 pct. [nN01339181] 
    Nikkei <.N225> +1.7 pct (on Friday). [nL1686800] Tokyo 
markets are closed May 4-6. 
    
    GENERAL MOTOR , OPEL, FIAT  
    German Economy Minister Karl-Theodor zu Guttenberg said Fiat 
SpA  -- and any other investor -- must present a solid 
long-term strategy to keep Opel plants open to obtain German 
government support. His comment came ahead of a Monday meeting 
with Fiat CEO Sergio Marchionne. [nL3165416] [nL3400329] 
 
    RENEWABLE ENERGY 
    Renewable energy companies could be the lynchpin of a 
recovery for the German economy, according to a survey of 1,300 
companies and 200 research centres made by consultancy Roland 
Berger. The study concluded that while the auto and engineering 
industries are cutting jobs, renewable energy companies want to 
increase their workforce by 30 percent. 
     
 GERMAN ECONOMIC DATA 
    March retail sales (real terms) -1.0 pct mth/mth, -1.5 pct 
yr/yr. [nBAF001666] [nLU991466] 
    April manufacturing PMI due at 0753 GMT; seen at 35.0 vs 
32.4 in March. 
      
 
    European Factors to watch [WATCH/EU] 
    Diaries [DE/DIA] [WEU/EWQUITY] 
    Reuters Top News [nTOPNEWS] 
     
 (Reporting by Tyler Sitte and Peter Starck) 
 ((peter.starck@thomsonreuters.com; +49 69 7565 1217; Reuters 
Messaging: peter.starck.reuters.com@reuters.net)) 
    
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