FRANKFURT, March 17 (Reuters) - The DAX top-30 index
<.GDAXI> looked set to open 0.3 percent lower on Tuesday,
according to premarket data from brokers at 0716 GMT. The
following are some of the factors that may move German stocks on
Tuesday:
DEUTSCHE TELEKOM
Indicated down 0.9 percent
Germany's telecoms watchdog plans to auction more UMTS
frequencies this year as well as radio frequencies, Matthias
Kurth, head of the regulatory body told Die Welt newspaper.
Related news [DTEGn.DE-E]
DEUTSCHE BANK
Indicated down 1.8 percent
In the United States, former UBS energy investment bankers
Dan Ward and Sten Gustafson will join Deutsche Bank
as managing directors reporting to Michael Hill and Alan Brown,
the bank's global co-heads of natural resources. [nLG93151]
Related news: [DBKGn.DE-E]
COMMERZBANK
Indicated up 0.4 percent
The country's second biggest lender expects to profitable in
its business with midsized companies this year despite the
economic crisis, the head of the division told Die Welt in an
interview to be published on Tuesday. He said lending to
Germany's Mittelstand remained a core growth business for the
bank. [nLG189361]
Related news [CBKG.DE-E]
SGL CARBON AG
Indicated down 2.1 percent
The carbon and graphite specialist's 2009 sales should fall
as demand from steel, chemical and aluminium companies may drop,
according to an article in Financial Times Deutschland which
cites unnamed company sources. SGL will report 2008 earnings on
Wednesday, but already indicated in January that it met last
year's targets.
Related news [SGCG.DE-E]
CONTINENTAL
Indicated down 2.1 percent
The tyre and autoparts company releases its full 2008
report.
Related news [CONG.DE-E]
BILFINGER BERGER
Indicated down 0.1 percent
Germany's second-largest construction company holds its 2008
annual results press conference. On Feb. 10, Bilfinger forecast
2009 profits will shrink as it reported preliminary 2008
figures. [nLA438599]
Separately, the builder said responsibility for constructing
a tube line that passed next to buildings that collapsed two
weeks ago in Cologne was shared among the three members of the
consortium.
[nLG188433]
Related news [GBFG.DE-E]
SMARTRAC
Indicated down 1.3 percent
The RFID inlays specialist said full-year 2008 EBITDA was
21.0 million euros ($27.14 million) on sales of 112.3 million
euros. [nLH246091]
Related news [SM7.DE-E]
ARQUES
Indicated unchanged
Arques sold subsidiary Sommer Road Cargo Solutions to a
consortium of strategic partners from the mid-sized German
automotive industry and BSF Consulting AG, a financial investor,
who will continue the active restructuring of Sommer, it said.
The unit had annual sales of about 60 million euros.
Related news [AQUG.DE-E]
DEUTSCHE BETEILIGUNGS AG
Indicated down 1.2 percent
The investment company reports its figures for the
first-quarter of its 2008/09 business year.
Related news [DBAG.DE-E]
ESCADA
Indicated down 1.5 percent
The fashion company reports a loss of 131.5 million euros
for the first quarter of its 2008/09 business year on sales of
131.5 million euros. Escada also said its is proposing
shareholders a reduction in the company's capital stock of 48.91
million euros [nWEA2746]
Related news [ESCG.DE-E]
KLOECKNER-WERKE
Indication unavailable
The bottling machinery maker reports figures for its 2008
business year and holds press and analyst conferences.
Related news [KLKG.DE-E]
OVERSEAS STOCK MARKETS
Dow Jones <.DJI> -0.1 pct, S&P 500 <.SPX> -0.4 pct, Nasdaq
<.IXIC> -1.9 pct. [nN16537990]
Nikkei <.N225> +3.2 pct. [nT320901]
GENERAL MOTORS , OPEL
German Economy Minister Karl-Theodor zu Guttenberg said late
on Monday General Motors appears willing to help Europeans in
saving GM's Opel Unit. Guttenberg spoke with reporters after
talks with General Motors chief executive Rick Wagoner in
Washington. Guttenberg meets on Tuesday with U.S. Treasury
Secretary Timothy Geithner. [nN16548089]
Related news [GM.N-E]
MACROECONOMY AND ECONOMIC DATA
The European Central Bank still has some room to manoeuvre
in lowering interest rates, but is getting close to a lowpoint,
European Central Bank Executive Board member Juergen Stark told
Handelsblatt. [nBAT002783]
ZEW current conditions index for March is seen slumping to
-90.0 from -86.2 in Feb., while the ZEW economic sentiment
indicator is seen dropping to -7.4 from -5.4 in Feb.
EUROPEAN FACTORS TO WATCH [WATCH/EU]
DIARIES [DE/DIA] [WEU/EQUITY]
REUTERS TOP NEWS [ID:NTOPNEWS]
(Reporting by Tyler Sitte)
((tyler.sitte@thomsonreuters.com; +49 69 7565 1217; Reuters
Messaging: tyler.sitte.reuters.com@reuters.net))
($1=.7737 Euro)
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nLH061323
WATCH/DE
