May 21, 2013 / 5:11 AM / 4 years ago

German stocks - Factors to watch on May 21

2 Min Read

FRANKFURT, May 21 (Reuters) - The DAX top-30 index looked set to open 0.2 percent lower on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0620 GMT.

The following are some of the factors that may move German stocks:


Indicated 0.3 percent lower

Bayer said extended use of its experimental riociguat pill to treat a life-threatening form of high blood pressure in the lungs was shown to be safe and effective in a prolonged trial.

Related news


Indicated 0.4 percent lower

A two-day wildcat strike at the German carmaker's Mercedes Benz plant in South Africa ended on Tuesday but industrial union NUMSA demanded a hefty pay hike for the sector, raising the prospect of manufacturing unrest alongside turmoil in the mines.

Related news

United Internet

Indicated 0.2 percent higher

The company reported first-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) rose 29.5 percent to 91.3 million euros, in line with expectations.

Related news

Analysts' Views

DEUTSCHE BANK - JP Morgan has cut the stock to 'neutral' from 'overweight'.

Overseas Stock Markets

Dow Jones -0.1 pct, S&P 500 -0.1 pct, Nasdaq -0.1 pct at Monday's close.

Nikkei +0.1 pct at Monday's close.

German Economic Data

April producer prices dropped 0.2 percent m/m and rose 0.1 percent y/y. Economists polled by Reuters had expected a 0.1 percent drop m/m and a 0.2 percent rise y/y.

European Factors to Watch


REUTERS TOP NEWS ($1 = 0.7798 euros) (Reporting By Marilyn Gerlach and Harro ten Wolde)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below