FRANKFURT Nov 11 The following are some of the
factors that may move German stocks on Monday:
Deutsche Telekom on Sunday said it had bought GTS Central
Europe for 546 million euros ($729 million) in a deal which
hands the German telecom operator a fibre optic fixed-line and
infrastructure business in Eastern Europe.
Daimler executives are under investigation on suspicion of
"granting undue advantage" to Eckart von Klaeden after
Chancellor Angela Merkel's former aide joined the carmaker as a
lobbyist, the Berlin prosecutor's office said on Friday.
An influential regional leader in Chancellor Angela Merkel's
conservative party said he does not believe a financial
transaction tax (FTT) will be enacted in Germany even though
coalition negotiators have agreed to push for the tax.
German companies need to diversify their funding as the
implementation of new bank safety rules makes it harder for
banks to provide loans, Deutsche Bank co-Chief Executive Juergen
Fitschen told Germany's Boersen Zeitung.
Angela Merkel's conservatives and the Social Democrats (SPD)
have struck a deal on the contours of a European banking union
under which a body attached to European finance ministers, not
the European Commission, would decide when to close failing
German Chancellor Angela Merkel's conservatives and the
centre-left Social Democrats have agreed in coalition talks to
put a moratorium on fracking for shale gas, lowering the chance
that BASF's oil and gas arm Wintershall can assess the potential
of shale gas in Germany.
BASF chief executive Kurt Bock said German jobs could be
lost if the chemicals giant has to start paying electricity grid
fees to shift the burden of funding a renewable energy
infrastructure to large companies.
German real estate group Gagfah aims to return to paying
dividends, with a payout planned for financial year 2014, chief
financial officer Gerald Klinck told weekly paper
The cable provider that is being taken over by Vodafone
is due to release final results for its fiscal second
Chief financial officer Olaf Borkers told Frankfurter
Allgemeine Zeitung the real estate company was mulling a
dividend hike. For 2012, the company paid a dividend of 1.20
euros a share.
OVERSEAS STOCK MARKETS
Dow Jones +1.1 pct, S&P 500 +1.3 pct, Nasdaq
+1.6 pct at Friday's close.
Nikkei +1.2 pct at 0550 GMT.
GERMAN ECONOMIC DATA
EUROPEAN FACTORS TO WATCH
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