January 28, 2013 / 6:06 AM / 5 years ago

German stocks - Factors to watch on January 28

FRANKFURT, Jan 28 (Reuters) - The DAX top-30 index looked set to open 0.1 percent higher on Monday, according to premarket data from brokerage Lang & Schwarz at 0716 GMT.

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


Indicated 0.1 percent higher

German regulator BaFin has launched a special probe against four lenders including Deutsche Bank as part of an investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor), the Sueddeutsche Zeitung newspaper reported on Monday.

Separately, Deutsche Bank has clawed back bonuses from some employees who acted inappropriately, the Wall Street Journal cited a spokesman as saying.

Related news


Indicated unchanged

Sweden’s Volvo said it will surpass Daimler as the world’s biggest maker of heavy trucks after agreeing to set up a joint venture in China with Dongfeng Motor Group Co. , for which it will pay 5.6 billion yuan ($900 million) for a 45 percent stake in the JV.

Related news


Indicated 1.5 percent lower

France’s health regulator has opened an inquiry into Bayer’s acne drug Diane-35, which is also used as a contraceptive, after four deaths linked to the drug in the past 25 years.

Related news


Indicated 0.1 percent higher

General Motors is reconsidering its emerging-market strategy, Chief Executive Dan Akerson said in an interview, in remarks that could help French ally Peugeot while denting the international ambitions of its Chinese partner, SAIC Motor.

Separately, GM’s German unit Opel said late on Friday that its sales chief had resigned after only seven months on the job.

Related news


Indicated unchanged

Siemens wants to grow in Latin America and intends to maintain its investment pace in the dynamically-growing region, the CEO for South America, excluding Brazil, told Reuters on Saturday.

Related news


Indicated 0.4 percent lower

Europe’s steelmakers will probably not close enough mills to put an end to underbidding for contracts as they refuse to learn from past mistakes, a steel executive told a German weekly published on Sunday.

Related news


Indicated 0.4 percent lower

German Chancellor Angela Merkel’s centre-right coalition will on Monday decide on changes to a draft law to clamp down on ultra-fast trading on stock exchanges, which it sees as stoking excessive market turbulence.

Related news


Indicated 0.4 percent higher

The Stiefel family said they will sell their 2.97 percent stake in Media-Saturn, Europe’s largest chain of electrical stores, to majority owner Metro.

Related news


Indicated 0.4 percent higher in Frankfurt

French officials threw support behind former nuclear boss Anne Lauvergeon to be the first chairwoman of EADS on Sunday in a move likely to test efforts to wrest the European aerospace group away from political influence.

Related news


Indicated 0.2 percent higher

Its chief executive reiterated in a newspaper interview on Sunday that sales and earnings at a double-digit, despite rents only growing at an average rate of 2.5 percent and nearly non-existent vacancies.

Separately, a German central bank executive board member said he saw no sign of a bubble forming in the broader real estate market in Germany.

Related news


Dow Jones +0.5 pct, S&P 500 +0.5 pct, Nasdaq +0.6 pct at Friday’s close.

Nikkei -0.9 pct at Monday’s close.



REUTERS TOP NEWS (Reporting by Christiaan Hetzner, Christoph Steitz and Harro ten Wolde)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below