FRANKFURT, March 1 The DAX top-30 index
looked set to open 0.2 percent lower on Friday, according to
premarket data from brokerage Lang & Schwarz at 0710 GMT.
The following are some of the factors that may move German
Indicated 0.3 percent higher
The largest shareholder of MetroPCS said late
Thursday it will vote against the wireless service provider's
proposed merger with T-Mobile USA, a unit of Deutsche Telekom
AG, unless the companies sweeten the deal.
Supervisory board chief Manfred Bischoff told Handelsblatt
there was nothing to suggest CEO Zetsche's contract would not be
extended by another three years at the end of the current term,
if that was what he wanted.
Indicated 0.4 percent lower
Germany's Federal Cartel Office searched the offices of
ThyssenKrupp's Steel Europe unit in Duisburg and Voestalpine's
Munich offices in a probe into deliveries to the automotive
Separately, CEO Hiesinger said bids were in for the group's
steel mills in Brazil and the U.S.
Indicated 0.3 percent lower
Karl Ulrich Garnadt will remain CEO of Lufthansa Cargo, the
group's frieght arm, after his contract was extended until the
end of December 2016, the company said on Thursday evening.
The media group said it is buying out private equity firm
KKR's stake in joint venture music rights management
Q4 earnings due.
OVERSEAS STOCK MARKETS
Dow Jones down 0.2 pct, S&P 500 down 0.1 pct,
Nasdaq down 0.1 pct at Thursday's close.
Nikkei up 0.4 pct at Friday's close.
GERMAN ECONOMIC DATA
German retail sales grew at the fastest monthly rate in more
than six years in January, rebounding from a deep fall in
December and confirming signs that Europe's largest economy has
turned the corner after a dismal end to 2012.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
(Reporting by Victoria Bryan)