German stocks - Factors to watch on July 9
FRANKFURT, July 9 (Reuters) - The DAX top-30 index .GDAXI looked set to open 1.2 percent higher on Wednesday, according to pre-market data from brokers at 0615 GMT.
The following are some of the factors that may move German stocks on Wednesday (share price indications at 0615 GMT):
TUI (TUIGn.DE)
Indicated 2.8 percent higher
Norwegian billionaire and big TUI shareholder John Fredriksen has sweetened his offer to buy the stake in TUI held by Russian billionaire Alexei Mordashov, Germany's Frankfurter Allgemeine Zeitung newspaper reported. Asked about the report, a spokesman for Mordashov's investment vehicle told Reuters: "We have no intention to sell." [ID:nL08705345]
The city of Hamburg is prepared to invest a three-digit million euro amount in a consortium to buy TUI's Hapag-Lloyd container-shipping division in order to secure the jobs in Hamburg, the finance chief of the city said on Tuesday.
Related news [TUIGn.DE-E]
BAYER BAYG.DE
Indicated 1.2 percent higher
Certain antibiotic drugs such as Bayer's Cipro and Avelox need stronger "black box" warnings about the risk of tendinitis and ruptured tendons, U.S. regulators said. [ID:nN08316830]
Related news [BAYG.DE-E]
FRESENIUS MEDICAL CARE (FMEG.DE)
Indicated 0.6 percent higher
Galencia (GALN.S) said it entered a strategic joint venture with FMC to market and distribute two iron products in dialysis. [ID:nWEA1275]
Related news [FMEG.DE-E] Continued...
