German stocks - Factors to watch on Sept 17

Bastei Luebbe AG

17/09/2014 07:22

FRANKFURT, Sept 17 (Reuters) - The DAX top-30 index  .GDAXI  
looked set to open 0.3 percent higher on Wednesday, according to 
premarket data from brokerage Lang & Schwarz at 0613 GMT. 
    The following are some of the factors that may move German 
stocks on Wednesday: 
     
    DEUTSCHE BANK  DBKGn.DE  
    Indicated up 0.2 percent 
    The state of Virginia said on Tuesday that it sued Deutsche 
Bank and 11 other banks, accusing them of defrauding the state's 
retirement fund by selling it shoddy mortgage bonds in the 
run-up to the recent financial crisis.  ID:nL1N0RH1KL  
    Co-CEO Anshu Jain sided with the German government in a 
debate over how to jump-start the stalled euro zone economy, 
arguing that structural reforms, rather than looser fiscal 
policy, are what is needed to boost growth.  ID:nL6N0RH4A6  
    Related news  DBKGn.DE-E  
     
    CHEMICALS SECTOR  BASFn.DE   BAYGn.DE  
    BASF indicated up 0.8 percent 
    BAYER indicated unchanged 
    Union IG BCE called on employers in the chemical sector to 
offer a shorter workweek for employees over 60, union board 
member Peter Hausmann told daily "Rheinische Post". 
    Related news  CHEM-DE-E  
     
    AUTO SECTOR  VOWG_p.DE   BMWG.DE   DAIGn.DE  
    VW indicated up 0.3 percent 
    BMW indicated up 0.6 percent 
    DAIMLER indicated up 0.4 percent 
    Car sales in Europe rose 1.8 percent in August with volume 
makers Volkswagen, Ford and Opel benefiting from improved demand 
in Spain, Portugal and Ireland, while premium makers lost ground 
due to a drop in sales in Germany. 
    Related news  VOWG_p.DE-E  
     
    AIRBUS  AIR.PA  
    No indication available 
    Qatar Airways has taken delivery of its first A380 
superjumbo following a three-month standoff with planemaker 
Airbus over the quality of cabin fittings. ID:nL6N0RH5TJ  
    Related news  AIR.PA-E  
     
    PROSIEBENSAT.1  PSMGn.DE  
    Indicated up 0.4 percent 
    Board member Heidi Stopper, the broadcaster's head of human 
resources, is due to leave the company, a source familiar with 
the matter told Reuters on Wednesday, confirming an earlier 
report in German daily Handelsblatt.   
    Related news  PSMGn.DE-E  
     
    BOEHRINGER INGELHEIM 
    Unlisted drugmaker Boehringer Ingelheim plans to cut nearly 
1,000 of its 14,000 jobs in Germany, "Frankfurter Allgemeine 
Zeitung" reported on Wednesday, citing company sources. The 
newspaper said that 600 jobs should be cut in 2016, the rest in 
the following two years.  
    Related news  PHAR-E  
     
    ANNUAL GENERAL MEETINGS 
    Bastei Luebbe  BST1.DE-E  - 0.28 eur/shr dividend proposed  
         
    ANALYSTS' VIEWS  
    MUNICH RE  MUVGn.DE  - RBC cuts to "underperform" from 
"sector perform" 
             
    OVERSEAS STOCK MARKETS 
    Dow Jones  .DJI  +0.59 pct, S&P 500  .SPX  +0.75 pct, Nasdaq 
 .IXIC  +0.75 pct at Tuesday's close.  ID:nL1N0RH2FM  
    Nikkei  .N225  -0.14 pct at Wednesday's close. 
 ID:nZZN0A9O0F  
     
    GERMAN ECONOMIC DATA 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Edward Taylor and Kirsti Knolle) 
 ((Edward.Taylor@thomsonreuters.com; +49 69 7565 1187; Reuters 
Messaging: edward.taylor.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS