January 10, 2013 / 6:26 AM / in 5 years

German stocks - Factors to watch on January 10

FRANKFURT, Jan 10 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.2 percent higher on Thursday, according to premarket data from brokerage Lang & Schwarz at 0711 GMT.

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


MAN indicated 6.8 pct higher

VW indicated 0.2 pct higher

Volkswagen moved to tighten its grip over MAN on Wednesday, saying it wished to take full control over the Munich-based truck maker. [I D:nL5E9C9CHU]

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Indicated 1.3 pct higher

Suedzucker said sales in the first nine months of its 2012/13 fiscal year rose to 6.046 billion euros ($7.9 billion), up 15.3 percent.

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Indicated unchanged

After Europe’s tyre market saw a sales decline in 2012, Continental expects some improvement this year. “For 2013, I expect a small growth in the European market, in both car and truck tyres,” Conti board member Nikolai Setzer told Handelsblatt newspaper.

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Indicated 0.1 pct higher

The U.S. FDA approved Bayer’s Skyla intrauterine system for prevention of pregnancy for up to three years.

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Indicated unchanged

Adidas rival Nike won a trademark case against a smaller peer in the U.S. Supreme Court on Wed. The decision may help big-name firms which often take action against alleged imitators to protect their revenue streams and customer goodwill.

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Dow Jones up 0.46 pct, S&P 500 up 0.27 pct, Nasdaq up 0.45 pct at Wednesday’s close.

Nikkei closed up 0.7 pct on Thursday.



REUTERS TOP NEWS (Reporting by Harro ten Wolde and Jonathan Gould)

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