German stocks - Factors to watch on Feb 24
FRANKFURT, Feb 24 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.9 percent lower on Tuesday, according to pre-market data from brokers at 0710 GMT.
The following are some of the factors that may move German stocks on Tuesday (share price indications at 0710 GMT):
DEUTSCHE BANK (DBKGn.DE)
Indicated 1.7 percent lower
Casino operator MGM Mirage (MGM.N) and partner Dubai World could be discussing with Deutsche Bank terms under which the partners would secure the final $1.2 billion in financing for their Las Vegas Strip CityCenter project, according to industry sources. Deutsche Bank acquired the under-construction Cosmopolitan Resort & Casino in a foreclosure last year. [ID:nN23366322]
Related news [DBKGn.DE-E]
DEUTSCHE TELEKOM (DTEGn.DE)
Indicated 1.2 percent lower
Magyar Telekom MTEL.BU, a unit of Deutsche Telekom, reported Q4 net income of 12.6 billion forints ($53.97 million), beating expectations, but said profitability this year would decline. [ID:nLN200190]
Related news [DTEGn.DE-E]
BAYER BAYG.DE
Indicated 1.0 percent lower
Bayer partner Onyx Pharmaceuticals (ONXX.O) posted a narrower-than-expected Q4 loss of $30.2 million, or 53 cents per share, compared to a net loss of $11.7 million a year ago, helped by higher sales of cancer drug Nexavar. [ID:nBNG128964] Continued...

