March 1, 2010 / 6:51 AM / 10 years ago

German stocks - Factors to watch on March 1

FRANKFURT, March 1 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.9 percent higher on Monday, according to premarket data from brokers Lang & Schwarz at 0712 GMT.

The following are some of the factors that may move German stocks (share indications at 0710 GMT):


Indicated 2.2 percent lower

The world’s largest maker of chemicals for flat-panel displays said on Sunday it had agreed to buy U.S. biotech tool maker Millipore Corp MIL.N for around $6 billion in cash, as the company looks to build its lab equipment business. [ID:nLDE61R0MJ]

Related news: [MRCG.DE-E]


Indicated 1.2 percent higher

Deutsche Bank has received an international Islamic banking licence from Malaysia’s central bank, the bank said on Monday. [ID:nSGE62000W]

Related news [DBKGn.DE-E]


Indicated 1.3 percent higher

Europe’s biggest copper smelter is tentatively expected to earn more in the current business year and will therefore allow its shareholders to benefit from the higher profit, WirtschaftsWoche magazine quoted Aurubis CEO Bernd Drouven as saying. [ID:nLDE61Q0AY]

Related news [NAFG.DE-E]


Indicated 0.6 percent higher

Celesio reiterated its goal to increase its operating profit by 50 percent by 2015 compared with the 2009 level, CEO Fritz Oesterle told Frankfurter Allgemeine Sonntagszeitung.

Related news [CLSGn.DE-E]


Indicated 0.9 percent higher

The German automotive supplier expects to have met the upper end of its 2009 targets, which aimed for 540 million to 580 million euros in revenue and an EBIT margin of 8 to 10 percent, CEO Stefan Wolf told Euro am Sonntag. Related news [ZILGn.DE-E]


Indicated 0.1 percent lower

Axel Springer und PubliGroupe PUBN.S acquire AOL subsidiary, a marketing company, for an undisclosed price. has annual sales of more than 40 million euros and about 70 employees.

Related news [SPRGn.DE-E]


Dow Jones .DJI +0.04 pct, S&P 500 .SPX +0.14 pct, Nasdaq .IXIC +0.18 pct at Friday's close. [ID:nN26203742]

Nikkei .N225 +0.45 pct at Monday's close [ID:nTOE620062]


Markit Services manufacturing PMI due 0853 GMT. Seen rising to 57.1 in February from 53.7 in the prior month.

Import prices rose 1.7 percent month-on-month in January, compared with the expected 0.7 percent rise. Year-on-year, the prices were up 1.4 percent, compared with the 0.4 percent rise seen in a Reuters poll. ECONDE G7TODAY


Germany’s Verdi public sector union agreed on Saturday to a 1.2-percent rise this year for roughly 2 million federal government and local authority workers, government and union leaders said on Saturday. [ID:nLDE61Q0EV]

Germany, France and the Netherlands plan to buy Greek bonds to help Athens cope with a severe debt crisis, a German member of the European Parliament said on Saturday. [ID:nLDE61Q085]

European Factors to watch [WATCH/EU]


Reuters Top News [ID:nTOPNEWS]

Reporting by Veronica Ek and Marilyn Gerlach

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