June 27, 2013 / 5:30 AM / in 4 years

German stocks - Factors to watch on June 27

FRANKFURT, June 27 (Reuters) - The DAX top-30 index looked set to open 0.2 percent higher on Thursday, according to premarket data from brokerage Lang & Schwarz at 0622 GMT.

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

DAIMLER, BMW, VOLKSWAGEN

Daimler indicated 0.5 percent higher

BMW indicated 0.3 percent higher

VW indicated 0.3 percent higher

Germany is working to derail a compromise deal to enforce stricter rules on carbon dioxide emissions for all new cars in the European Union from 2020, EU sources said on Wednesday.

Related news VOWG_p.DE-E]

DEUTSCHE BANK

Indicated 0.3 percent higher

Deutsche Asset Management, part of Deutsche Bank, is set to launch India’s first inflation-linked bond mutual fund, according to registration documents filed with market regulators late on Wednesday.

Related news

DEUTSCHE TELEKOM

Indicated 0.4 percent higher

Dish Network Corp bowed out of a deal for mobile service provider Clearwire Corp. Several analysts have said Dish’s best option may now be to make a bid for Deutsche Telekom’s T-Mobile US Inc.

Related news

LANXESS

Indicated 2.7 percent lower

China will impose from Friday anti-dumping duties of up to 37 percent on a chemical imported from the European Union, the Commerce Ministry said, the latest move in a string of disputes that could fuel rising tension between the trade partners. Lanxess will be taxed at 19.6 percent.

Related news

EADS

Indicated 0.4 percent higher

Germany’s parliamentary committee on budget matters has approved the defence ministry’s proposal to buy some helicopters from EADS unit Eurocopter, but the number has been reduced from what was originally proposed, several committee sources told Reuters on Wednesday. As a result, the contract’s value has been reduced by around 200 million euros to 10.3 billion euros.

Related news

GEA

Indicated 0.7 percent higher

The maker of food-processing equipment saw new orders decline 2 percent in the period January to May, chief financial officer Helmut Schmale said at an investors conference on Wednesday.

Related news

KABEL DEUTSCHLAND

Indicated unchanged

Liberty Global is still evaluating its options for Kabel Deutschland, a source said, after the cartel office warned a deal would be more complicated from an anti-trust point of view than an acquisition by Vodafone.

Related news

MORPHOSYS

Indicated 10.3 percent higher

U.S firm Celgene will invest 46 million euros in new Morphosys shares as part of a strategic alliance on cancer programme MOR202.

Related news

HORNBACH HOLDING

Indicated 0.5 percent lower

The German DIY store chain said sales in the first quarter dropped 2.9 percent due to the long winter but said it was confident of reaching its targets for the year.

Related news

IPO

Germany’s Kion Group has set the issue price of its shares for its stock market listing at 24.00 euros ($31.21) per share, at the lower end of its subscription price range.

Related news

ANNUAL GENERAL MEETINGS

BAUER - 0.30 eur/shr dividend proposed

ANALYST VIEWS

PUMA - HSBC cuts price target to 252 eur from 275, stays ‘overweight’

OVERSEAS STOCK MARKETS

Dow Jones up 1 pct, S&P 500 up 1 pct, Nasdaq up 0.9 pct at Wednesday’s close.

Nikkei up 3 pct at Thursday’s close.

GERMAN ECONOMIC DATA

May import prices -0.4 percent m/m, -2.9 percent y/y.

June unemployment figures due at 0755 GMT, total number seen at 2.9 million, unemployment rate at 6.9 pct s/a.

German seasonally adjusted ILO employment up 10,000 in May.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS

Our Standards:The Thomson Reuters Trust Principles.
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