FRANKFURT Jan 29 The DAX top-30 index
looked set to open unchanged on Tuesday, according to premarket
data from brokerage Lang & Schwarz at 0725 GMT.
The following are some of the factors that may move German
Indicated 0.3 pct higher
Allianz and HSBC signed a 10-year distribution agreement
that will see HSBC selling Allianz life and pension products in
Turkey and possibly other European countries, Allianz said,
adding it will pay HSBC 23 million euros to be the exclusive
provider of the products in Turkey.
Indicated down 0.1 pct
Daimler Trucks plans to increase Truck sales in 2013, chief
Andreas Renschler said.
Indicated 0.1 pct higher
Deutsche Bank and Thailand's TISCO Securities Co Ltd said on
Tuesday they had formed a joint venture in Bangkok to offer
equity research and advisory services in Thailand.
Indicated down 0.2 pct
German lawmakers have delayed making a decision on changes
to a draft law to clamp down on high-frequency trading in shares
and other financial instruments due to the issue's complexity, a
source from Chancellor Angela Merkel's party said on Monday.
Separately, IntercontinentalExchange Inc has
received inquiries from rivals interested in buying NYSE
Euronext's European stock exchanges, ICE's chief
executive said on Monday.
Indicated 0.1 pct higher
T-Mobile USA wants to become the third-largest operator in
the US, the unit's head, John Legere, told Die Welt in an
Indicated 0.4 pct higher
The car maker wants to sell more cars in Africa, where a
growing middle-class is emerging, CEO Martin Winterkorn tells
German paper Superillu in an interview.
Indicated 6 pct lower
Germany's second largest software company reported
fourth-quarter revenue and operating profit that missed
expectations as the sale of its North American SAP-related
service activities and investments weighed.
Indicated 0.2 pct lower
The sugar producer still expects revenue to rise to about
7.5 billion euros and operating profit to reach over 900 million
euros in the fiscal year to end-February, its CEO Wolfgang Heer
told Handelsblatt in an interview.
OVERSEAS STOCK MARKETS
Dow Jones down 0.1 pct, S&P 500 down 0.2 pct,
Nasdaq up 0.2 pct at Monday's close.
Nikkei up 0.39 pct at Tuesday's close.
Bayer AG: Barclays cut to underweight from equal-weight
GERMAN ECONOMIC DATA
GfK February consumer confidence. At 5.8 up from an upwardly
revised 5.7 in January.
December import prices. Down 0.5 pct m/m and up 0.3 percent
y/y compared to an unchanged number m/m and a 1.1 percent rise
y/y in November.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
(Reporting by Edward Taylor and Victoria Bryan)