March 4, 2013 / 6:06 AM / 5 years ago

German stocks - Factors to watch on March 4

FRANKFURT, March 4 (Reuters) - The DAX top-30 index looked set to open 0.8 percent lower on Monday, according to premarket data from brokerage Lang & Schwarz at 0710 GMT.

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


Indicated 0.5 percent lower

Indian real estate developer Unitech said Friday it wants to add allegations linked to the manipulation of Libor to an existing dispute with Deutsche Bank, in a move that could set a precedent for cases against other banks.

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Indicated 0.2 percent higher

MetroPCS has moved a shareholder meeting to vote on a planned merger with Deutsche Telekom unit T-Mobile USA to April 12 from March 28, it said on Friday.

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Indicated 0.2 percent lower

The carmaker’s Spanish unit Seat is still making losses and it remained to be seen whether it could turn a profit in 2013, VW CFO Hans-Dieter Poetsch was quoted as saying in Frankfurter Allgemeine Sonntagszeitung.

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Indicated 0.6 percent lower

The world’s No.2 industrial gases group will likely appoint a new chief executive from outside the company when Wolfgang Reitzle steps down at the end of his contract in May 2014, its two top managers told a German paper.

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Indicated 0.1 percent higher

The construction group is expecting up to 170 million euros ($221 million) for the services division it is selling, Wirtschaftswoche reported on Saturday.

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Indicated 0.6 percent lower

The group will propose the creation of a new board position for compliance at its next supervisory board meeting in May, following recent corruption cases, Spiegel reported.

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Dow Jones up 0.3 pct, S&P 500 up 0.2 pct, Nasdaq up 0.3 pct at Friday’s close.

Nikkei +0.4 pct at Monday’s close.



REUTERS TOP NEWS (Reporting by Victoria Bryan)

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