FRANKFURT, June 13 The DAX top-30 index
looked set to open 1.6 percent lower on Thursday, according to
premarket data from brokerage Lang & Schwarz at 0620 GMT.
The following are some of the factors that may move German
Indicated 1.3 percent lower
Italy's Antitrust authority said on Wednesday that it had
opened an investigation into possible anti-competitive practices
by Assicurazioni Generali and seven other insurers
operating in the country, including Allianz.
Indicated 1.7 percent lower
Billionaire Nordic investor Alexander Vik appeared at a
London court on Wednesday to begin giving evidence in his $8
billion damages claim against Deutsche Bank over trades by his
company Sebastian Holdings during the financial crisis.
Deutsche Bank is planning an REO-to-rental lending business
as an add-on to its existing US commercial mortgage-backed
securities (CMBS) conduit platform.
Indicated 2.6 percent lower
Cia. Siderurgica do Atlantico SA (CSA), a Brazilian steel
mill controlled by ThyssenKrupp, shut one of two blast furnaces
about a month ago, CSA said on Wednesday, the latest problem to
hit the troubled mill and efforts to sell it.
DEUTSCHE TELEKOM, KABEL DEUTSCHLAND,
Deutsche Telekom indicated 1.1 percent lower
Kabel Deutschland indicated 0.5 percent lower
No indication available for Telefonica Deutschland
The European Commission's top telecoms regulator suffered a
further setback to her efforts to shape a single European market
on Wednesday after national regulators said they did not need
her guidance on what prices operators should be allowed to
charge for use of their copper wire networks.
Indicated 0.9 percent lower
Suriname's state oil company, Staatsolie, said on Wednesday
that German energy company RWE's DEA bought a 40 percent stake
in an offshore block where Staatsolie is also partnered with
German wholesale power prices do not allow operators
sufficient revenue, Rolf Martin Schmitz, board member at the
country's biggest electricity producer, RWE, said on Wednesday,
urging a new market system to uphold future supply.
Indicated 15.6 percent higher
Rhoen-Klinikum's owners unexpectedly voted to scrap a
requirement for shareholders holding 90 percent of its capital
to approve major strategic decisions, which could put the German
hospital operator back onto Fresenius's shopping list.
Indicated 3.1 percent lower
The company said the ICC Arbitration Court has rejected its
damages claims against Live Nation Entertainment Inc,
ending a three-year legal dispute. It said its management would
accept the ruling without further comment.
Indicated 0.2 percent higher
The printing machine maker reiterated it aims to post a net
profit in its current business year through March 2014.
ANNUAL GENERAL MEETINGS
HHLA - 0.65 eur/shr dividend proposed
RHOEN-KLINIKUM - dividend 0.25 eur/shr
OVERSEAS STOCK MARKETS
Dow Jones down 0.8 pct, S&P 500 down 0.8 pct,
Nasdaq down 1.1 pct at Wednesday's close.
Nikkei down 6.4 pct at Thursday's close.
GERMAN ECONOMIC DATA
German May wholesale dropped 0.4 percent m/m and were down
0.1 percent y/y.
EUROPEAN FACTORS TO WATCH
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