FRANKFURT Jan 14 The DAX top-30 index
looked set to open 0.3 percent higher on Monday, according to
premarket data from brokerage Lang & Schwarz at 0715 GMT.
The following are some of the factors that may move German
Indicated 0.5 percent higher
German carmaker Volkswagen aims to increase sales further
this year after posting record deliveries last year, Chief
Executive Martin Winterkorn said on Sunday.
Separately, the group said on Sunday group sales rose 11.2
percent last year to a record 9.07 million vehicles, powered by
demand from China and the United States.
Also, a Brazilian judge ordered the German carmaker to
recall cars with its 1.0 liter engine in the 2009/2010 model
year, in a decision that could affect 400,000 vehicles.
Volkswagen said it was surprised by the order.
Indicated 0.3 percent lower
The European Commission is considering Daimler's request for
a six-month grace period before imposing fines on the carmaker
for not using a controversial new coolant in its cars,
Stuttgarter Zeitung reported on Saturday, citing a spokesman for
EU Industry Commissioner Antonio Tajani. He said the Commission
would make a decision "in a few weeks".
Separately, German magazine Der Spiegel reported that
Daimler will extend Chief Executive Dieter Zetsche's contract by
five years, two years more than expected.
Indicated 0.6 percent lower
The German luxury carmaker is rolling out a new range of
sporty new diesel sedans in the United States this year to
complement its sole diesel on offer and believes the hitherto
unloved powertrain will find greater acceptance in an age of
Indicated 0.1 percent lower
U.S. electricity regulators are in settlement talks with
Deutsche Bank over allegations the bank manipulated the
California electricity market, staff of the Federal Energy
Regulatory Commission said in a filing Friday.
Separately, Moneygram Payment Systems Inc has filed a suit
against Deutsche Bank in New York, demanding at least $34
million in damages related to investments in residential
mortgage-backed securities and collateralised debt obligations.
Deutsche Bank said Moneygram's claim had already been dismissed
by a court in Minnesota, adding it saw the claim as unfounded.
Indicated 0.1 percent higher
The company aims to cut its debt to 6.5 billion euros ($8.7
billion) from about 7 billion, its Chief Executive Bernd
Scheifele told Frankfurter Allgemeine Sonntagszeitung in an
Indicated 0.4 percent higher
The business software maker's Chairman Hasso Plattner said
SAP's independence was secured for the medium term as the
company was "clearly out of the speculative zone" it was in a
few years ago, according to Handelsblatt newspaper.
Indicated 0.2 percent higher
The agriculture, building material and energy conglomerate
posted a slightly better than expected 2012 results, Frankfurter
Allgemeine Zeitung cited finance chief Andreas Helber as saying
in an interview published on Saturday.
Indicated 0.3 percent lower
VW's CEO said it would be at least another year until the
situation at truck maker MAN SE improves.
Indicated 0.5 percent lower
Rupert Murdoch's News Corp will increase its stake
in Sky Deutschland to 54.5 percent after striking a financing
deal with the German pay-TV company.
Indicated 2.0 percent lower
The solar company is cutting working hours of 350 of its
1,330 employees in the German city of Freiberg to bridge a
seasonal downturn, German paper Freie Presse cited a manager at
the company as saying on Saturday.
Indicated 0.6 percent higher
The leasing company sees no reason to make major changes to
its dividend payout ratio of 25-30 percent of profit, its
finance chief Joerg Eicker told Boersen-Zeitung in an interview
published on Saturday.
The fashion retailer aims to raise its annual sales by about
half to 900 million euros this year and post an operating profit
of about 108 million, while opening 100 new stores in Europe,
its finance chief Axel Rebien told Frankfurter Allgemeine
Sonntagszeitung in an interview.
OVERSEAS STOCK MARKETS
Dow Jones +0.1 pct, S&P 500 flat, Nasdaq
+0.1 pct at Friday's close.
Nikkei closed due to public holiday.
ALLIANZ - Barclays raises its price target on the
stock to 121 euros from 111 euros, with an "overweight" rating.
FRESENIUS MEDICAL CARE - Berenberg raises the
stock to "buy" from "hold" and cuts its price target to 61 euros
from 62 euros.
MUNICH RE - Barclays raises its recommendation on
the stock "overweight" from "equal weight" and hikes its price
target to 157 euros from 142 euros.
Opel's new Chief Executive Karl-Thomas Neumann will take
office on March 1, four months sooner than expected, as
Volkswagen is letting him out of his contract early, a person
familiar with the matter told Reuters.
GERMAN ECONOMIC DATA
German December wholesale prices +3.2 pct y/y, unchanged
m/m. Avg 2012 prices +2.8 pct vs 2011.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
($1 = 0.7493 euros)
(Reporting by Maria Sheahan and Christoph Steitz)