German stocks - Factors to watch on March 31

Tue Mar 31, 2009 2:31am EDT
 
[-] Text [+]
    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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