German stocks - Factors to watch on March 31
FRANKFURT, March 31 (Reuters) - Factors that may move German
stocks on Tuesday:
DEUTSCHE BANK
The credit crisis is "far from over", Deutsche Bank's chief
risk officer Hugo Baenziger said late on Monday. [nWEA5077]
Related news [DBKGn.DE-E]
SIEMENS
Siemens plans to cut business relations with 20 percent of
its suppliers this year to gain flexibility, the company's head
of procurement Barbara Kux told the Frankfurter Allgemeine
Zeitung newspaper. [IDn:nLU59722]
Related news [SIEGn.DE-E]
MAN AG
South Korea's STX Heavy Industries won a $172.4 million
order to provide diesel power generation equipment to MAN
Diesel. [nSEO171901]
Related news [MANG.DE-E]
DEUTSCHE TELEKOM
The EU reached a draft deal on a sweeping reform of the
bloc's telecoms rules to increase competition and drive down
prices for consumers. [nLU248394]
Related news [DTEGn.DE-E]
PORSCHE
H1 results. Pre-tax profit seen at 3.65 billion euros.
[nLP270913]
Related news [PSHG_p.DE-E]
KLOECKNER & CO
Kloeckner reported a 2008 net profit of 384 million euros,
below market expectations, and said it expected a clear fall in
earnings this year. [nWEA5087] [nLU323708] [nLS664040]
Related news [KCOGn.DE-E]
INFINEON
Intel has unveiled its newest and most powerful
family of microprocessors, the Xeon, announcing more than 70
customers for a more energy-efficient chip targeted at an
increasingly crowded server market. [nN30372671]
Related news [IFXGn.DE-E]
MEDIGENE
FY 2008 results. EBIT loss of 33.0 million euros expected,
according to Reuters Estimates.
Related news [MDGGn.DE-E]
ALSTRIA OFFICE
FY 2008 results. Pretax profit seen at 33.7 million euros,
according to Reuters Estimates. (Preliminary results released
Feb. 2 [nL2202750])
Related news [AOXG.DE-E]
REPOWER
Indian wind turbine maker Suzlon Energy will use
cash and debt to buy a stake in its REpower unit from Portugal's
Martifer , Chairman Tulsi Tanti said. [nBOM423244]
Related news [RPWGn.DE-E]
OVERSEAS STOCK MARKETS
Dow Jones <.DJI> -3.3 pct, S&P 500 <.SPX> -3.5 pct, Nasdaq
<.IXIC> -2.8 pct. [nN30361535]
Nikkei <.N225> +0.9 pct. [nT227609]
AUTO INDUSTRY
U.S. President Barack Obama ordered General Motors
and Chrysler LLC to accelerate their survival efforts and brace
for possible bankruptcy, saying neither company had done enough
to justify the taxpayer money they were seeking. [nN29520526]
Fiat and Chrysler have a framework for an alliance
and a U.S. government blessing and now must race to tie up
crucial agreements with debt holders and unions to make it a
reality. [nN30344151]
See also [nN30358503] [nN30363950] [nN30336914]
G20 MEETING
Leaders of the Group of 20 old and new powers will commit
this week to pursuing economic policies that do not hurt each
other's prospects with protectionism or currency devaluations,
according to a draft G20 statement. [nLA715782]
[nLI118029]
GERMAN ECONOMIC DATA
March unemployment due at 0800 GMT. Seen at 3.534
million/8.0 pct.
European Factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EWQUITY]
Reuters Top News [nTOPNEWS]
(Reporting by Ludwig Burger and Peter Starck)
((peter.starck@thomsonreuters.com; +49 69 7565 1217; Reuters
Messaging: peter.starck.reuters.com@reuters.net))
Keywords: MARKETS GERMANY STOCKS =3 FRANKFURT
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