German stocks - Factors to watch on March 25
FRANKFURT, March 25 (Reuters) - The following are some of
the factors that may move German stocks on Wednesday:
SIEMENS
The company's Chief Executive Peter Loescher told
Handelsblatt that the economic environment has "significantly
worsened" since January. "We are not immune," he was quoted as
saying.
Related news [SIEGn.DE-E]
DAIMLER
It does not make sense to prolong government incentives to
boost car sales, Daimler chief Zetsche tells Hamburger
Abendblatt newspaper. He also speaks against government support
for Opel given the lack of clear prospects for the company
independent of parent GM .
Related news [DAIGn.DE-E]
PORSCHE
The company said it secured a 10 billion euros new credit
facility, allowing it to extend the volume to 12.5 billion euros
in the forthcoming weeks. [nWEA4084]
Related news [PSHG_p.DE-E]
ALLIANZ
Credit rating agency Standard & Poor's said on Tuesday it
may downgrade a catastrophe bond sponsored by a unit of German
insurer Allianz because of losses from 2008 hurricanes Gustav
and Ike. [nLO070111]
Related news [ALVG.DE-E]
VW
Annual presser of the company's Commercial Vehicles unit at
10 GMT.
Related news [VOWG.DE-E]
DEUTSCHE TELEKOM
T-Mobile USA plans to double its high-speed wireless network
coverage to reach a potential 200 million wireless users by the
end of 2009 as it looks to catch up with rival services.
Related news [DTEGn.DE-E]
HOCHTIEF
The company reported 2008 net profit of 175.1 million euros,
above the Reuters poll. The company said it expects 2009 new
orders and sales to drop. [nFRK013171] [nL0322386]
Related news [HOTG.DE-E]
TUI
2008 FY results due at 0700 GMT. Annual press conference at
0900 GMT. Fourth quarter underlying EBITA loss seen at 88
million euros. [nLN727090]
Separately, TUI itself wants to take a 20 percent stake in
Air Berlin , rather than through Tui Travel , the
Hannoversche Allgemeine Zeitung reports.
Related news [TUIGn.DE-E]
KUKA
The robot maker and its new big shareholder Grenzebach are
headed towards a collision after Kuka's invitation to its annual
shareholders meeting proposes no changes to its supervisory
board, Handelsblatt reports, citing a Grenzebach spokesman as
saying it had expected to get two seats.
Related news [KU2G.DE-E]
PATRIZIA IMMOBILIEN
The company said its 2008 EBIT in accordance with IFRS
dropped to 64.1 million euros, from 111 million in the previous
year.
Related news [P1ZGn.DE-E]
RHEINMETALL
Annual press conference at 0900 GMT.
Related news [RHMG.DE-E]
GAGFAH
2008 FY results, Q4 fund from operations (FFO) seen at 57
million euros, phone conference 1200 GMT.
Related news [GFJG.DE-E]
IVG
Annual press conference at 0900 GMT.
Related news [IVGG.DE-E]
PFEIFFER VACUUM
2008 FY results, due 0700 GMT. Annual press conference at
0900 GMT. Q4 net profit seen down 8.3 pct at 11 million euros.
[nLK942452]
Related news [PV.DE-E]
MEDION
Annual press conference.
Related news [MDNG.DE-E]
LOEWE
Annual press conference at 0830 GMT.
Related news [LOEG.DE-E]
TAKKT
Annual press conference at 0830 GMT.
Related news [TTKG.DE-E]
PATRIZIA IMMOBILIEN
Annual press conference at 1030 GMT.
Related news [P1ZGn.DE-E]
WAVELIGHT
Annual press conference at 1000 GMT.
Related news [WLTG.DE-E]
GPC BIOTECH
Annual press conference at 1300 GMT.
Related newsv [GPCG.DE-E]
BALDA
Annual press conference at 0900 GMT.
Related news [BADG.DE-E]
MEDICLIN
2008 FY results, annual press conference at 0930 GMT.
Related news [MEDG.DE-E]
BANKS
German banks ought to be able to start moving toxic assets
off their balance sheets soon, Bundesbank President Axel Weber
was quoted by a German newspaper as saying. [nLO550119]
Related news [DE-BNK-LEN]
OVERSEAS STOCK MARKETS
Dow Jones <.DJI> -1.5 pct, S&P 500 <.SPX> -2 pct, Nasdaq
<.IXIC> -2.4 pct. [nN24363429]
Nikkei <.N225> -0.1 pct. [nECB01062]
GERMAN ECONOMIC DATA
Ifo business climate for March due 1000 GMT, seen at 82.2,
down from 82.6 in February.
GERMAN ECONOMY
The German economy could shrink by 4.5 percent this year and
unemployment could rise by one million, according to a report
quoting government sources to appear in Sueddeutsche Zeitung
newspaper. [nLO280222]
[DE-ECI-LEN]
European Factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EWQUITY]
Reuters Top News [nTOPNEWS]
(Reporting by Jonathan Gould and Christoph Steitz)
((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; Reuters
Messaging: christoph.steitz.reuters.com@reuters.net))
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