German stocks - Factors to watch on November 13
13/11/2014 07:34
FRANKFURT, Nov 13 (Reuters) - The DAX top-30 index .GDAXI
looked set to open 0.5 percent higher on Thursday, according to
premarket data from brokerage Lang & Schwarz at 0719 GMT.
The following are some of the factors that may move German
stocks:
COMMERZBANK CBKG.DE
Indicated 1 percent higher
Commerzbank sees no need to increase its 80 percent stake in
direct bank unit Comdirect CDBG.DE , Commerzbank board member
Martin Zielke told Boerse Online. There was also no pressure to
make acquisitions, he said.
Related news CBKG.DE-E
DEUTSCHE BANK DBKGn.DE
Indicated 0.8 percent higher
Deutsche Bank has agreed to sell a $2 billion portfolio of
U.S. commercial real estate loans to U.S. private equity firm
TPG Capital Management LP, a source familiar with the matter
said on Wednesday. ID:nL6N0T25DR
Separately, Q3 results due from unit Deutsche Postbank
DPBGn.DE .
Related news DBKGn.DE-E
K+S SDFGn.DE
Indicated 4.8 percent higher
The potash and salt miner raised its expectations for
full-year earnings after its quarterly operating result rose 16
percent, helped by a recovery in prices for potash products.
ID:nL6N0T30O0
Related news SDFGn.DE-E
MERCK MRCG.DE
Indicated 0.9 percent higher
The world's largest maker of liquid crystals for display
screens said quarterly underlying core earnings edged up 3.1
percent, helped by the recent takeover of high-tech chemicals
maker AZ Electronic Materials. ID:nFWN0T203F
Related news MRCG.DE-E
RWE RWEG.DE
Indicated 0.1 percent higher
The utility said its operating profit plunged 31 percent in
the first nine months of the year, burdened by disposals as well
as tumbling power prices that has hit peers across Europe.
ID:nL6N0T30IS
Related news RWEG.DE-E
DEUTSCHE EUROSHOP DEQGn.DE
Indicated 0.7 percent higher
Q3 results due. The real estate group's EBIT is seen down 5
percent at 41.2 million euros. Poll: ID:nL6N0T0469
Related news DEQGn.DE-E
RTL GROUP RRTL.DE
No indication available
The European broadcaster reported stable third-quarter
results as growth in its German and Dutch operations offset
headwinds in France and at its TV production company.
ID:nF9N0NU00Q
Related news RRTL.DE-E
SALZGITTER SZGG.DE
Indicated 0.3 percent higher
The steelmaker cut its 2014 sales guidance because of
declines in rolled steel selling prices and shipment volumes, it
said on Thursday. ID:nL6N0T30YN
Related news SZGG.DE-E
STADA STAGn.DE
Indicated 2 percent higher
The generic drugmaker said adjusted core earnings rose 12
percent in the first nine months of the year as gains from the
takeover of British consumer care company Thornton & Ross were
offset by lower sales in Russia and Germany. ID:nASN0005G8
Related news STAGn.DE-E
SYMRISE SY1G.DE
Indicated 0.9 percent higher
The flavours and fragrance maker posted double-digit growth
in nine-month core earnings, helped by strong business in
emerging markets, particularly Latin America. ID:nASN0005G5
Related news SY1G.DE-E
TALANX TLXGn.DE
Down 1.7 percent in early Frankfurt trade
The insurer missed market expectations for third-quarter net
profit and said on Thursday it expected its earning to stagnate
in 2015. ID:nFWN0T207A
Related news TLXGn.DE-E
MANZ M5ZG.DE
Indicated 6.8 percent higher
The engineering group reported a decline in third-quarter
operating profit to 1.5 million euros and said it still expected
to report a full-year operating profit. ID:nASN0005GA
Related news M5ZG.DE-E
NORDEX NDXG.DE
Indicated 3.9 percent higher
The company lifted its sales forecast for the second time
this year, boosted by strong demand for its wind turbines in the
United States and Europe. ID:ASN0005H4
Related news NDXG.DE-E
CENTROTEC SUSTAINABLE CEVG.DE
Indicated 2 percent lower
The company said it expected its full-year sales to reach
only the lower end of its forecast range of 525 to 550 million
euros after reporting a decline in third-quarter revenues to
147.1 million. ID:nASN0005GC
Related news CEVG.DE-E
CEWE CWCG.DE
Indicated 1.3 percent higher
The photo finishing company reported an unchanged nine-month
operating loss and affirmed its 2014 forecast for a net profit
of 19 to 23 million euros. ID:nASN0005G6
Related news CWCG.DE-E
DELTICOM DEXGn.DE
Indicated 0.8 percent higher
The tyre retailer published full quarter results, having
already reported preliminary figures on Nov. 4. ID:nFWN0T207M
Related news DEXGn.DE-E
HHLA HHFGn.DE
Indicated 3.1 percent higher
The port logistics company said its net profit increased 5.2
percent to 46.9 million euros in the first nine months of
2014. ID:nFWN0T207D
Related news HHFGn.DE-E
MLP MLPG.DE
Indicated 0.4 percent higher
The financial adviser said its third-quarter EBIT fell by
about a third to 4.9 million euros and said it would "need to
see very high momentum during the final few weeks of the year"
to reach its full-year EBIT target of at least 50 million euros.
ID:nASN0005GJ
Related news MLPG.DE-E
TIPP24 TIMGn.DE
Indicated 5.6 percent lower
The company affirmed its 2014 core earnings forecast after
reporting adjusted nine-month EBIT of 8.9 million euros.
ID:nASN0005GM
Related news TIMGn.DE-E
AIR BERLIN AB1.DE
No indication available
Air Berlin said it had made a satisfactory start to the
fourth quarter and that plans to harmonise its short and
medium-haul fleet to all Airbus planes to help reduce costs
would be complete by the end of 2016. ID:nL6N0T30ZS
Related news AB1.DE-E
ANALYSTS' VIEWS
GERRESHEIMER GXIG.DE - Credit Suisse cuts the stock to
"underperform" from "neutral", lowers its price target to 42
euros from 44 euros.
BANKS
Troubled German public-sector lender HSH Nordbank HSH.UL
will axe 500 of its 2,600 employees as it seeks to cut 170
million euros in costs by 2017, its chief executive told German
business daily Handelsblatt. ID:nL6N0T25KG
Related news HSH.UL-E
OVERSEAS STOCK MARKETS
Dow Jones .DJI flat , S&P 500 .SPX -0.1 pct, Nasdaq
.IXIC +0.3 pct at Wednesday's close. ID:nL2N0T22SX
Nikkei .N225 +1.1 pct at Thursday's close. ID:nL3N0T338E
GERMAN ECONOMIC DATA
Germany's consumer prices harmonised to compare with other
European Union countries was confirmed as falling 0.3 percent in
October on the month and rising 0.7 percent on the year, the
Federal Statistics Office said on Thursday. ID:nB4N0RO02P
ECONDE G7TODAY
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
($1 = 0.8035 euro)
(Reporting by Kirsti Knolle, Jonathan Gould and Maria Sheahan)
((kirsti.knolle@thomsonreuters.com; +49 69 7565 1262; Reuters
Messaging: kirsti.knolle.thomsonreuters.com@reuters.net
www.reuters.com))
Keywords: GERMANY MARKETS STOCKS