FRANKFURT Feb 13 The DAX top-30 index
looked set to open 0.1 percent lower on Wednesday, according to
premarket data from brokerage Lang & Schwarz at 0713 GMT.
The following are some of the factors that may move German
stocks on Wednesday:
Indicated 0.4 percent higher
Bayer said the Food and Drug Administration has granted
priority review to the New Drug Application filed in December
2012 for the investigational oncology compound radium-223
dichloride (radium-223). The application is under review for the
treatment of castration-resistant prostate cancer (CRPC)
patients with bone metastases.
The world's top potash producers may abandon attempts to
rein in output to keep prices high, switching to a strategy of
ramping up sales as they face rising competition and big buyers
of fertilizer take an increasingly aggressive stance.
Indicated 0.2 percent higher
The German travel and tourism group reported first quarter
results that beat expectations helped by earnings from Europe's
largest tour operator TUI Travel and a better
profitability at its hotel business.
Indicated 2.4 percent higher
Leighton, a unit of German construction company Hochtief,
which in turn is controlled by Spain's ACS, reported a
smaller-than-expected 3 percent fall in second-half net profit
and forecast a stronger 2013, sending its shares up 4 percent.
Indicated 2.6 percent higher
Chief Executive Pierre-Pascal Urbon said he remained
confident the group would post a profit this year even though
the year would be difficult for the industry, German newspaper
OVERSEAS STOCK MARKETS
Dow Jones +0.3 pct, S&P 500 +0.2 pct, Nasdaq
-0.1 pct at Tuesday's close.
Nikkei -1 pct at Wednesday's close.
TUI AG - No dividend
GERMAN ECONOMIC DATA
January wholesale prices +0.3 pct m/m, +2.3 pct y/y. Reuters
consensus was for +0.2 pct m/m.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS