German stocks - Factors to watch on Oct 1

Wed Oct 1, 2008 2:38am EDT
 
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FRANKFURT, Oct 1 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.4 percent higher on Wednesday, according to pre-market data from brokers at 0617 GMT.

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

DEUTSCHE BOERSE (DB1Gn.DE)

Indicated 1.5 percent higher.

Deutsche Boerse had a good third quarter and was sticking to its full year 2008 goals, its chief executive said on Tuesday.

For related news, double click on [DB1Gn.DE-E]

DEUTSCHE BANK (DBKGn.DE)

Indicated 3 percent higher.

Deutsche Bank CEO Josef Ackermann said government and central bank efforts to bolster the financial sector were helping to restore confidence in the system. "Without the central banks' liquidity injections, we would have had a very difficult time," he said at a banking event in Frankfurt. [ID:nLU498629]

Fortis (FOR.AS)(FOR.BR), the recently partially nationalised Belgian-Dutch financial group, halted deals with China's Ping An and Deutsche Bank on Tuesday. The Dutch central bank is withholding approval for Fortis' sale of 709 million euros worth of Dutch ABN AMRO assets to Deutsche Bank pending further review, Fortis said. [ID:nN30478391]

For related news, double click on [DBKGn.DE-E].

HYPO REAL ESTATE (HRXG.DE)

Indicated 8.2 percent higher.  Continued...

 

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