German stocks - Factors to watch on March 31
FRANKFURT, March 31 (Reuters) - The DAX top-30 index
<.GDAXI> looked set to open 0.4 percent higher on Tuesday,
according to pre-market data from brokers at 0621 GMT. Factors
that may move German stocks on Tuesday (share price indications
at 0621 GMT):
PORSCHE
Porsche indicated 2.9 percent higher
Volkswagen indicated 0.5 percent higher
The company reported H1 profit before tax of 7.34 billion
euros, adding that it still aims to increase its stake in
Volkswagen . [nLP270913] [nWEA5116]
Related news [PSHG_p.DE-E] [VOWG.DE-E]
DEUTSCHE BOERSE
Indicated 2.3 percent higher
Activist investment funds TCI of Britain and Atticus of the
United States said on Tuesday they will end their "acting in
concert" agreement regarding their stakes in Deutsche Boerse
effective March 31. [nLV121446]
Related news [DB1Gn.DE-E]
DEUTSCHE BANK
Indicated 0.6 percent lower
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
Indicated 0.7 percent higher
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. [nLU59722]
Related news [SIEGn.DE-E]
MAN AG
Indicated 1.3 percent higher
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
Indicated 0.9 percent higher
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]
KLOECKNER & CO
Indicated 3 percent lower
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
Indicated 1.9 percent lower
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]
HHLA
Indicated 0.5 percent lower
The company said that consolidated profit for the year rose
to 218 million euros, adding that lower prices for fuel and
energy were currently reducing costs. [nWEA5117]
Related news [HHFGn.DE-E]
QSC AG
Indicated 6.9 percent higher
The company said it grew its sales by 23 percent to 413.3
million euros in 2008. [nWEA5110]
Related news [QSCG.DE-E]
ALSTRIA OFFICE
Indicated 0.6 percent higher
The company reported a net loss of 56 million euros for
2008. [nL2202750] [nEQssfspqw]
Related news [AOXG.DE-E]
GRAMMER
Indicated 3.7 percent lower
The company reported 2008 sales of 1.007 billion euros, but
sees sales declining by 25-30 percent in the first half of 2009.
[nEQmutnnpf]
Related news [GMMG.DE-E]
COLONIA REAL ESTATE
Indicated 2.8 percent lower
The company reports a 82.9 million euro loss for 2008,
adding that a strong first quarter promises a comeback to profit
in 2009. [nEQcsrtueo]
Related news [KBUG.DE-E]
REPOWER
Indicated 0.7 percent higher
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]
SMA SOLAR
Indicated 1.9 percent higher
The company proposes a dividend of 1.00 euros per share for
2008. [nEQzrzsogh]
Related news [S92G.DE-E]
MEDIGENE
Indicated 0.4 percent higher
FY 2008 results. EBIT loss of 33.0 million euros expected,
according to Reuters Estimates.
Related news [MDGGn.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> -0.4 pct. [nT180989]
AUTO INDUSTRY
U.S. President Barack Obama said General Motors and
Chrysler LLC had not done enough to justify the taxpayer money
they were seeking. [nN29520526] [nN30344151]
See also [nN30358503] [nN30363950] [nN30336914]
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))
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nLU426978
WATCH/DE
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