German stocks - Factors to watch on November 11
FRANKFURT, Nov 11 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.9 percent higher on Wednesday, according to premarket data from brokers at 0713 GMT.
The following are some of the factors that may move German stocks on Wednesday (share price indications at 0710 GMT):
E.ON (EONGn.DE)
Indicated 1.9 percent higher
The company reported nine-month adjusted EBIT of 7.7 billion euros, just above the 7.6 billion euros forecast in a Reuters poll. The company also said it now sees 2009 adjusted net income declining 3-5 percent rather than 5-10 percent. [ID:nL0728161] Poll: [ID:nL0556987]
Related news [EONGn.DE-E]
HENKEL (HNKG_p.DE)
Indicated 0.8 percent higher
The company expects to do better than its markets this year, buttressed by lower raw material prices and its restructuring measures, it said, refraining from giving guidance for 2010. [ID:nFAB015318], [ID:nLS82477]
Related news [HNKG_p.DE-E]
RWE (RWEG.DE)
Indicated 0.8 percent higher
The Nabucco consortium, of which RWE is a part, expects a final investment decision on its gas pipeline project in the fourth quarter of 2010, a spokesman for the project said on Tuesday, later than had been previously expected. [ID:nLA735155]
Related news [RWEG.DE-E]
FRAPORT (FRAG.DE)
Indicated 0.8 percent higher
The company said that passenger traffic at Frankfurt Airport dropped 1.9 percent in October. [ID:nWEA0221]
Related news [FRAG.DE-E]
MLP (MLPG.DE)
Indicated 4.9 percent higher
The company reported third-quarter EBIT of 7.1 million euros, above the 5.8 million euros market estimate. Poll: [ID:nL4183592]
CENTROTHERM (CTNG.DE)
Indicated 2.1 percent higher
The company reported third-quarter EBIT of 9.7 million euros, above the 9.4 million euro average in a Reuters poll. [ID:nWEA0257], Poll: [ID:nL5487643]
Related news [CTNG.DE-E]
FREENET (FNTGn.DE)
Indicated 0.3 percent higher
The company reported third-quarter net profit of 2.1 million euros, below the 6.9 million euro average in a Reuters poll. [ID:nEuKK16a], Poll: [ID:nL5547984]
Related news [FNTGn.DE-E]
BECHTLE (BC8G.DE)
Indicated 0.9 percent higher
The company reported third-quarter sales of 323.3 million euros, while earnings before tax reached 11.9 million euros. [ID:nEQvnxuvqr]
Related news [BC8G.DE-E]
AXEL SPRINGER (SPRGn.DE)
Indicated 0.2 percent higher
The company said nine-month sales came in at 1.886 billion euros, down 5.4 percent from the year-earlier period. [ID:nWEA5522]
Related news [SPRGn.DE-E]
WACKER NEUSON (WACGn.DE)
Indicated 2.6 percent higher
Net profit for the period amounted to 4.8 million euros, above the 2.8 million euros poll average. [ID:nEQevafmzo] Poll: [ID:nL5668505]
Related news [WACGn.DE-E]
DIC ASSET (DAZG.DE)
Indicated 1.5 percent higher
The company hiked its 2009 guidance for funds from operations (FFO), now expecting 45-46 million euros. [ID:nEQtrmwwre]
Related news [DAZG.DE-E]
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.2 pct, S&P 500 .SPX -0.01 pct, Nasdaq .IXIC -0.1 pct. [ID:nN10333790]
Nikkei .N225 +0.01. [ID:nT272938]
European Factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EWQUITY]
Reuters Top News [ID:nTOPNEWS]
(Reporting by Christoph Steitz)
