FRANKFURT, April 12 The DAX top-30 index
looked set to open 0.5 percent lower on Friday,
according to premarket data from brokerage Lang & Schwarz at
The following are some of the factors that may move German
Indicated 0.3 percent lower
MetroPCS shareholders Paulson & Co and P. Schoenfeld
Asset Management LP (PSAM) both said on Thursday they were
dropping their opposition to a tie-up of the U.S. company with
Deutsche Telekom's T-Mobile USA.
Separately, the Wall Street Journal reported, citing no
sources, that Deutsche Telekom and two U.S. investment firms are
challenging the Indian government over a cancelled contract to
supply broadband service.
Indicated 0.9 percent lower
German daily Handelsblatt reported the decade-old legal
dispute with the descendents of deceased media mogul Leo Kirch
could soon be over. The paper cited a financial source as saying
his 86-year-old widow, Ruth Kirch, "was open to a new settlement
proposal" in order to still be alive in time to see an end to
VOLKSWAGEN, MAN SE
VW indicated 0.1 percent lower
MAN SE indicated 0.4 percent lower
MAN SE said it was setting aside 140 million euros ($184
million), hitting its first-quarter operating profit, to cover
possible risks related to a large order to construct turnkey
diesel power plants.
Indicated 0.4 percent lower
The sportswear maker's Reebok brand has terminated its
relationship with rapper Rick Ross, after a song of his
featuring lyrics that seem to boast about drugging and raping a
woman caused an uproar.
Indication not available
Spanish telecom operator Telefonica and Dutch group
KPN are set to reopen talks over sharing their mobile
networks in Germany, the Financial Times reported on Thursday.
HEIDELBERGCEMENT - SocGen starts with "buy"
rating, target price of 64 euros
OVERSEAS STOCK MARKETS
Dow Jones +0.4 pct, S&P 500 +0.4 pct, Nasdaq
+0.1 pct at Thursday's close.
Nikkei -0.5 pct at Friday's close.
GERMAN ECONOMIC DATA
German March wholesale prices -0.2 pct m/m, +0.3 pct y/y.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
($1 = 0.7618 euros)
(Reporting by Maria Sheahan, Christoph Steitz and Christiaan