German stocks - Factors to watch on May 4
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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