German stocks - Factors to watch on November 6
FRANKFURT, Nov 6 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.1 percent higher on Friday, according to premarket data from brokers at 0714 GMT.
The following are some of the factors that may move German stocks on Friday (share price indications at 0711 GMT):
DEUTSCHE BOERSE (DB1Gn.DE)
Indicated 0.8 percent lower
The group, whose rivals include NYSE Euronext (NYX.N) and CME Group (CME.O) as well as Britain's London Stock Exchange (LSE.L), posted earnings before interest, tax and amortisation (EBITA) of 243.7 million euros ($361.9 million) for the quarter to end-September, down from 385 million euros a year earlier. [ID:nNL5559917], [ID:nL5204182], Poll: [ID:nLU093658]
Related news [DB1Gn.DE-E]
E.ON EONG.DE
Indicated 0.3 percent higher
The head of E.ON's Ruhrgas unit told Sueddeutsche Zeitung that there are enough natural gas reserves to supply customers in Germany for an entire month, should the pipelines from Russia be shut down.
Separately, Sueddeutsche Zeitung reported that E.ON plans to sell its high-voltage grid to Dutch Tennet TSO and may announce the sale as early as next week. The newspaper cited no sources.
Related news [EONG.DE-E]
THYSSENKRUPP (TKAG.DE)
Indicated 0.6 percent higher
ThyssenKrupp Chief Executive Ekkehard Schulz told German daily Financial Times Deutschland that he expects the company to post annual sales of 55-60 billion euros in five years. That figure excludes the divestment of subsidiaries with total sales of 2.5-3 billion euros, he said.
Related news [TKAG.DE-E]
DEUTSCHE TELEKOM (DTEGn.DE)
Indicated 0.9 percent higher
The German telco operator signed an agreement to combine its British unit T-Mobile UK with that of France Telecom's (FTE.PA) Orange. [ID:nL5241342]
Related news [DTEGn.DE-E]
HANNOVER RE (HNRGn.DE)
Indicated 2.9 percent higher
The company beat expectations by swinging to a net profit of 159.4 million euros in the third quarter from a loss a year earlier, helped by low damage claims and revitalised investment income. [ID:nL5650699], Poll: [ID:nL2450104]
Related news [HNRGn.DE-E]
HOCHTIEF (HOTG.DE)
Indicated 0.6 percent higher
Hochtief Chief Executive Herbert Luetkestratkoetter told German daily Frankfurter Allgemeine Zeitung his company would not hesitate to cancel the planned IPO of its Concessions unit if it cannot raise as much money with it as hoped.
Related news [HOTG.DE-E]
TUI (TUIGn.DE)
Indicated 0.8 percent higher
German container shipper Hapag-Lloyd could post a 2009 loss of less than $500 million, less than expected, a person familiar with the matter told Reuters. TUI holds 43 percent of Hapag-Lloyd.
Related news [TUIGn.DE-E]
FUCHS PETROLUB (FPEG_p.DE)
Indicated unchanged
The company said it expected a smaller drop in sales in the fourth quarter than in the first nine months of the year. [ID:WEA9317], [ID:nWEA6343]
Related news [FPEG_p.DE-E]
CENTROTEC (CEVG.DE)
Indicated 0.9 percent higher
The company reported 9-month revenue of 329.9 million euros, down 4.9 percent from the year-earlier figure. [ID:nEQbjqzvmb]
Related news [CEVG.DE-E]
OVB (O4BG.DE)
Indicated 0.4 percent higher
Q3 results.
Related news [O4BG.DE-E]
ESCADA (ESCG.DE)
Indicated 27.5 percent higher
Megha Mittal, the daughter-in-law of steel magnate Lakshmi Mittal, will buy the insolvent German luxury fashion house for an undisclosed price. [ID:nL5537225]
Related news [ESCG.DE-E]
OVERSEAS STOCK MARKETS
Dow Jones .DJI +2.1 pct, S&P 500 .SPX +1.9 pct, Nasdaq .IXIC +2.4 pct. [ID:nN05145242]
Nikkei .N225 +0.7 pct. [ID:nT374345]
GERMAN ECONOMIC DATA
Industrial orders for September due 1100 GMT. Seen 1.0 pct higher m/m. ECONDE G7TODAY
European Factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EWQUITY]
Reuters Top News [ID:nTOPNEWS]
(Reporting by Christiaan Hetzner and Christoph Steitz)
