German stocks - Factors to watch on March 25

Wed Mar 25, 2009 2:26am EDT
 
[-] Text [+]
    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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