German stocks - Factors to watch on October 22

Bastei Luebbe AG

22/10/2014 07:13

FRANKFURT, Oct 22 (Reuters) - The DAX top-30 index  .GDAXI  
looked set to open 0.6 percent higher on Wednesday, according to 
premarket data from brokerage Lang & Schwarz at 0811 GMT. 
    The following are some of the factors that may move German 
stocks: 
     
    ALLIANZ  ALVG.DE  
    Indicated up 0.5 pct  
    Ford Motor Co said on Tuesday the company will drop the 
Pimco Total Return Fund from its 401k plan as a result of the 
sudden departure of Bill Gross. 
    Related news  ALVG.DE-E  
     
    DAIMLER  DAIGn.DE   
    Indicated up 1.2 pct  
    The carmaker booked a $780 million windfall from selling its 
4 percent stake in electric car maker Tesla Motors  TSLA.O , 
saying it would continue to cooperate with Tesla. 
 ID:nL2N0SG2VT  
    Related news  DAIGn.DE-E      
     
    DEUTSCHE BANK  DBKGn.DE , COMMERZBANK  CBKG.DE  
    Deutsche Bank indicated up 0.8 pct  
    Commerzbank indicated 0.8 pct  
    The ECB will apply specially high supervisory standards on 
Deutsche Bank, Commerzank, LBBW, Helaba, DZ Bank, Nord/LB and 
DekaBank, Boersen-Zeitung reported, by placing these seven banks 
in a group of top 30 euro zone banks. The paper did not name 
souces. 
     
    LUFTHANSA  LHAG.DE  
    Indicated up 0.5 pct  
    To sell IT infrastructure division, sees 240 million euro 
hit to pre-tax results. 
    Separately, the pilots' strike ended at midnight. Lufthansa 
will offer almost all of its flights on Wednesday. 
    Related news  LHAG.DE-E  
     
    SIEMENS  SIEGn.DE  
    Indicated up 1 pct  
    German engineering group Siemens is in advanced talks to 
sell its hearing-aids business for more than 2 billion euros 
($2.5 billion), with private equity firm EQT the frontrunner, 
two people familiar with the matter said. 
    Related news  SIEGn.DE-E  
         
    BASTEI LUEBBE  BST1.DE  
    To buy back shares. 
    Related news  BST1.DE-E  
     
    METRO  MEOG.DE  
    Indicated up 0.7 pct  
    The retailer issued a 7-year bond worth 500 million 
euros($637 million ) in the corporate Eurobond market to 
refinance a bond due in March 2015.  ID:nFWN0SG04C  
    Related news  MEOG.DE-E  
        
    RHEINMETALL  RHMG.DE  
    Indicated up 1.1 pct  
    German court backed a government move to halt planned 
exports to Russia of combat simulation equipment made by defence 
firm Rheinmetall, confirming an earlier ruling by lower court. 
    Related news  RHMG.DE-E  
      
    STRATEC BIOMEDICAL  SBSG.DE  
    Indicated up 2.3 pct  
    Reports quarterly results, sees substantial 2014 sales 
growth and EBIT margin improvement vs 2013. 
    Related news  SBSG.DE-E  
     
    ULTRASONIC  US5.DE  
    Germany-listed Chinese shoemaker Ultrasonic AG's chief 
financial officer will step down on Oct. 27 due to a lack of 
progress in recovering missing corporate funds, the company said 
on Tuesday. 
    Related news  US5.DE-E  
     
    ANALYSTS' VIEWS 
    KLOECKNER & CO  KCOGn.DE  - Jefferies cuts to "hold", price 
target 10 euros  
    ALLIANZ  ALVG.DE  - Goldman Sachs cuts target price to 148 
euros from 155 euros, rating "buy" 
         
    OVERSEAS STOCK MARKETS 
    Dow Jones  .DJI  up 1.3 pct, S&P 500  .SPX  up 2 pct, Nasdaq 
 .IXIC  up 2.4 pct at Tuesday's close.  ID:nL2N0SG2L0  
    Nikkei  .N225  up 2.35 pct at 0507 GMT.  ID:nL3N0SH17P  
 
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
(1 US dollar = 0.7853 euro) 
 
 (Reporting by Ludwig Burger, Harro ten Wolde and Thomas Atkins) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS