December 10, 2013 / 6:05 AM / 4 years ago

German stocks - Factors to watch on December 10

FRANKFURT, Dec 10 (Reuters) - The DAX top-30 index looked set to open 0.1 percent lower on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0715 GMT.

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


Deutsche Bank indicated 0.1 pct lower

Commerzbank indicated 0.2 pct higher

Standard & Poor’s does not expect the results of the European Central Bank’s upcoming health check on the euro zone’s largest banks to have a material impact on their credit ratings, the agency said in a report published on Tuesday.

Separately, Moody’s said prolonged weakness in the global shipping industry has raised credit risks for German banks, which rank among the world’s largest shipping lenders.

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Indicated 0.1 pct lower

The world’s No. 1 postal and logistic company will invest 150 million euros ($206 million) in the expansion of its Leipzig hub, its Chief Executive Frank Appel told DVZ Deutsche Verkehrs-Zeitung.

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Indicated 0.1 pct lower

November traffic figures due at 1200 GMT.

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Indicated 0.3 pct higher

November global vehicle sales numbers due.

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Indicated 0.1 pct lower

The German engineering company will pay $32 million to resolve U.S. criminal charges that it bribed Nigerian officials to obtain contracts on a gas project in the African nation, the U.S. Justice Department said on Monday.

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Indicated 0.5 pct higher in Frankfurt

The Airbus parent plans to cut 5,800 European jobs in a three-year restructuring of its defence and space activities.

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Indicated 3.2 pct higher

The biotech company said on Tuesday a research alliance with Boehringer Ingelheim reached a milestone in November, triggering revenues of 4 million euros to Evotec.

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Indicated 1 pct lower

The biotech company said on Tuesday it will be launching an additional Phase II clinical trial of leukemia drug MOR28, its first sponsored by an investigator.

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Indicated 0.1 pct higher

The blood plasma product specialist said a phase I/IIa clinical study with Indatuximab Ravtansine (BT-062) in multiple myeloma showed good tolerability and encouraging efficacy when used in combination with Lenalidomide and Dexamethasone.

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0.5 pct lower in Frankfurt trades

The property company is close to an agreement to buy Vitus Immobilien, a German residential landlord partly owned by Blackstone Group, Bloomberg reported.

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Dow Jones up 0.03 pct, S&P 500 up 0.2 pct, Nasdaq up 0.2 pct at Monday’s close.

Nikkei down 0.25 pct at Tuesday’s close.



REUTERS TOP NEWS ($1 = 0.7289 euros) (Reporting by Harro ten Wolde and Victoria Bryan)

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