German stocks - Factors to watch on August 5
FRANKFURT, Aug 5 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.1 percent lower on Wednesday, according to premarket data from brokers at 0615 GMT.
The following are some of the factors that may move German stocks on Wednesday:
DEUTSCHE BOERSE (DB1Gn.DE)
Indicated 3.2 percent lower
The operator of the Frankfurt stock market and derivatives exchanges reported a 34 percent fall in second-quarter operating profit to 248.8 million euros ($356.9 million), well below the average of 281 million euros in a Reuters poll of analysts. Group revenue also missed expectations, falling 12 percent to 515.6 million. [ID:nL4454186] [ID:nL4440142] [ID:nL3452666]
Related news [DB1Gn.DE-E]
ADIDAS (ADSG.DE)
Indicated 1.2 percent higher
The company reported second-quarter net income of 9 million euros, topping the Reuters poll average which was for a 5 million euros loss. [ID:nL4484620] [ID:nWEA4598] [ID:nLV579312]
Related news [ADSG.DE-E]
HENKEL (HNKG_p.DE)
Indicated 1.1 percent higher
The company reported second-quarter adjusted earnings before interest and tax (EBIT) of 308 million euros, above the Reuters poll average of 266 million euros. [ID:nL4536950] [ID:nFAB013208] [ID:nLU622117]
Related news [HNKG_p.DE-E]
BMW (BMWG.DE)
Indicated 0.2 percent higher
The company is in preliminary talks with French PSA Peugeot Citroen (PEUP.PA) about a shared platform for its Mini small car, the Financial Times newspaper reported, citing industry insiders.
Related news [BMWG.DE-E]
DEUTSCHE BANK (DBKGn.DE)
Indicated 0.4 percent higher
Deutsche is set to take a stake in private bank Sal. Oppenheim, Boersen Zeitung reports, citing German financial sources and political sources in Luxembourg. [ID:nL5655492]
Related news [DBKGn.DE-E]
DAIMLER (DAIGn.DE)
Indicated unchanged
Creditors of Chrysler have asked a U.S. bankruptcy court to allow them to sue Daimler AG, arguing that the 2007 sale of the U.S. automaker stripped it of its most valuable assets. [ID:nN04184846]
Related news [DAIGn.DE-E]
DEUTSCHE TELEKOM (DTEGn.DE)
Indicated 0.2 percent lower
The Verdi union has agreed in principle to up to 3,000 planned job cuts at the T-Systems business this year in return for assurances that forced layoffs will be kept to a minimum and remaining staff will keep their jobs until at least mid-2012, the Frankfurter Allgemeine Zeitung reported.
Related news [DTEGn.DE-E]
ARQUES INDUSTRIES (AQUG.DE)
Indicated 8.3 percent higher
Appoints Hans Gisbert Ulmke as CEO. It also said it has sold Actebis Group to Droege Capital with purchase price of at least 40 million euros. The final price depends on the development of the Actegis Group, it said.
Related news [ID:nEQnngjwtu]
LOEWE (LOEG.DE)
Indicated 1.9 percent lower
The company reported second-quarter EBIT of 0.7 million euros, compared with 7.9 million euros in the year-earlier period.
Related news [LOEG.DE-E]
GM [GM.UL]
General Motors and the German government could decide by the end of the week which bidder they want to take control of the automaker's Opel unit, Germany's deputy economics minister said on Tuesday. [ID:nN04152630]
Related news [GM.UL-E]
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.4 pct, S&P 500 .SPX +0.3 pct, Nasdaq .IXIC +0.1 pct. [ID:nN04175157]
Nikkei .N225 -1.2 pct. [ID:nT351849]
GERMAN ECONOMIC DATA
German Markit services PMI for July due 0753 GMT. Seen at 48.40, compared with 45.20 in June. ECONDE G7TODAY
European Factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EWQUITY]
Reuters Top News [ID:nTOPNEWS]
(Reporting by Michael Shields and Christoph Steitz)
