FRANKFURT, June 10 The DAX top-30 index
looked set to open 0.2 percent lower on Monday, according to
premarket data from brokerage Lang & Schwarz at 0616 GMT.
The following are some of the factors that may move German
Indicated 1.4 percent higher
SoftBank Corp is in talks with Deutsche Telekom AG
over a possible deal for T-Mobile US Inc, as the
Japanese company looks for alternatives to enter the U.S.
wireless market if its deal with Sprint Nextel Corp falls
apart, three sources familiar with the matter said on Friday.
Separately, small shareholders at Deutsche Telekom have
largely shunned a proposed dividend to be paid in shares, which
the telecom operator has proposed to save cash it needs for
ALLIANZ, MUNICH RE, HANNOVER RE
Allianz indicated 0.1 percent higher
Munich Re indicated 0.2 percent lower
Hannover Re indicated 0.1 percent higher
A wage deal for about 172,000 workers in the insurance
sector has been reached, workers union Verdi said in a statement
late on Friday.
Indicated 0.5 percent lower
The German car maker wants to cut spending on IT services by
150 million euros ($198 million) each year by the end of 2016,
the company's technology chief, Wilfried Porth, told German
Indicated 0.1 percent lower in Frankfurt
The company will submit a preliminary offer for satellite
propulsion system unit Avio Spazio, owned by Italian defence
group Finmeccanica and private equity fund Cinven
, business daily Il Sole 24 Ore said on Sunday.
Indicated 0.7 percent higher
The German hospital operator needs 2-3 years to restructure
its portfolio before it can grow again, the company's chief
executive told newspaper Welt am Sonntag. A combination with
peers such as Helios is still an option, the chief said, adding
that he was also open to other companies.
Indicated 0.1 percent lower
Proxy advisory firm ISS has recommended shareholders to vote
against an initiative to reverse the appointment of Chief
Executive Bernd Kottmann and a motion of dismissal against GSW's
supervisory board chairman Eckart John von Freyend.
Indicated 0.2 percent higher
Alstria said it placed 79.4 million euros in a five-year
convertible bond with institutional investors, in an issue that
was several times oversubscribed. The bond carries a 2.75
percent coupon and the conversion price was set at 10.07 euros,
or 15 percent above the average price on Friday.
OVERSEAS STOCK MARKETS
Dow Jones +1.4 pct, S&P 500 +1.3 pct, Nasdaq
+1.3 pct at Friday's close.
Nikkei +4.9 pct at Monday's close.
EUROPEAN FACTORS TO WATCH
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($1 = 0.7564 euros)
(Reporting by Jonathan Gould, Harro Ten Wolde and Christoph