German stocks - Factors to watch on August 25

DF Deutsche Forfait AG

25/08/2014 07:21

FRANKFURT, Aug 25 (Reuters) - The DAX top-30 index  .GDAXI  
looked set to open 1.4 percent higher on Monday, according to 
premarket data from brokerage Lang & Schwarz at 0611 GMT. 
    The following are some of the factors that may move German 
stocks: 
     
    BASF  BASFn.DE  
    Indicated 1.4 percent higher 
    The company remains confident about business in China, even 
though growth in the country has slowed, board member Martin 
Brudermueller told German magazine WirtschaftsWoche. 
    He added the group had suffered a slight delay in reaching 
its target of locally producing 75 percent of the chemical 
products it sells in the Asia/Pacific region by 2020, adding the 
share was currently about 60 percent. 
    Related news  BASFn.DE-E  
     
    CAR PARTS SUPPLIERS  CONG.DE   ROBG.UL  
    Continental indicated 1.3 percent higher 
    Three German car parts suppliers have been told by China 
they can no longer manage their Chinese units independently but 
need to form partnerships with local peers, the chief executive 
of auto parts maker ElringKlinger  ZILGn.DE  told a German 
paper, adding ElringKlinger was not affected.  ID:nL5N0QU0RC  
    Related news  AUTO-DE-LEN  
     
    E.ON  EONGn.DE  
    Indicated 1.1 percent higher 
    Utilities Enel, A2A and GDF Suez Italia have shown interest 
in buying E.ON Italia's 800,000 commercial customers, according 
to the Sunday edition of business daily Il Sole 24 Ore. E.ON 
Italia is trying to sell its domestic assets because low power 
and gas demand is depressing returns. 
    Related news  EONGn.DE-E  
     
    LUFTHANSA  LHAG.DE  
    Indicated 1.3 percent lower 
    German pilots' union Vereinigung Cockpit said late on Friday 
it had decided to launch industrial action against Lufthansa 
after labour talks failed to produce an agreement. 
 ID:nL5N0QS3XA  
    Separately, Iceland lowered its warning code for possible 
volcanic disruption to the aviation industry to orange from red 
on Sunday after further analysis of an apparent eruption under a 
glacier found there had been no eruption after all. 
 ID:nL5N0QU0KB  
    Related news  LHAG.DE-E  
     
    SIEMENS  SIEGn.DE  
    Indicated 1.1 percent higher 
    The company aims to lower costs for power from offshore wind 
parks by about 40 percent to less than 10 cents per kilowatt 
hour (kWh) by 2020, German newspaper Handelsblatt reported, 
citing an interview with Markus Tacke, who heads the group's 
wind power business. 
    Tacke also said the company would soon announce a new 
strategy to connect offshore wind parks to the power grid. 
    Related news  SIEGn.DE-E  
     
    THYSSENKRUPP  TKAG.DE  
    Indicated 1.2 percent higher 
    The German steel and industrial group confirmed it plans to 
save 500 million euros ($660 million) by consolidating the 
procurement activities of its various business units, the 
group's chief human resources officer told German newspaper 
Rheinische Post. 
    A spokesman for ThyssenKrupp said the 500 million euros 
target was part of an existing programme that envisages 2.3 
billion of savings by the end of the group's fiscal year 
2014/2015. 
    Related news  TKAG.DE-E  
     
    AIRBUS  AIRG.DE  
    No indication available 
    Airbus  AIR.PA  is considering a sale of its 49 percent 
stake in submarine supplier Atlas Elektronik as part of a 
reshuffle of its military business, German newspaper Die Welt 
reported on its website on Friday, citing industry sources. 
 ID:L5N0QS3FW  
    Related news  AIRG.DE-E  
     
    HOCHTIEF  HOTG.DE  
    Indicatec 0.7 percent higher 
    The builder's Australian unit Leighton  LEI.AX  said a 
federal court had approved the settlement of a class action suit 
brought against it by shareholders over write-downs on some of 
its projects in 2011.  ID:nWNBS00ND4  
    Related news  HOTG.DE-E  
    
    RHEINMETALL  RHMG.DE  
    Indicated 1.5 percent higher 
    Germany's Economy Ministry has approved plans by defence 
group Rheinmetall to deliver a tank assembly plant to Algeria, 
according to a reply sent by the ministry following a request 
from a member of parliament. i ID:nL5N0QU0DJ  
    Related news  RHMG.DE-E  
 
    PUMA  PUMG.DE  
    Indicated 0.6 percent higher 
    Chile's soccer federation wants to terminate its sponsorship 
deal with Puma after alleged blunders by the German sportswear 
company, including providing the Chilean squad with Ghana soccer 
apparel in the run-up to the World Cup, according to a newspaper 
report on Friday.  ID:nL5N0QS3QA  
    Related news  PUMG.DE-E  
         
    DF DEUTSCHE FORFAIT  DE6G.DE  
    Down 0.1 percent in early Frankfurt trade 
    The company said an auditor told it that it could not 
approve its 2013 financial statements because the German trade 
financier was still being scrutinised by a U.S. regulator in 
connection with trade sanctions.  ID:nWEA00EJ0  
    Related news  DE6G.DE-E  
     
    MAGFORCE  MF6G.DE  
    Up 4.3 percent in early Frankfurt trade 
    The medical group aims for sales of 100-150 million euros by 
the end of 2018, Chief Executive Ben Lipps told weekly Welt am 
Sonntag in an interview, adding the company would carefully 
examine the need for potential capital measures next year. 
    Related news  MF6G.DE-E  
     
    MIFA  FW1G.DE  
    Down 48 percent in early Frankfurt trade 
    German bicycle manufacturer Mitteldeutsche Fahrradwerke 
(Mifa) has struck a restructuring deal that includes a 
debt-for-equity swap, a capital increase, and a cash life-line 
from India's Hero Cycles  IPO-HERO.BO .  ID:nL5N0QS3YM  
    Related news  FW1G.DE-E  
     
    SUESS MICROTEC  SMHNn.DE  
    Up 1.7 percent in early Frankfurt trade 
    The company said on Monday its had terminated the 
appointment of Chief Executive Frank Averdung with immediate 
effect due to differing views regarding corporate strategy. 
 ID:nWEA00EJ8  
    Related news  SMHNn.DE-E  
     
    WMF  WMFG.F  
    No indication available 
    By Aug. 22, 1400 CET, 40.14 percent of holders of preferred 
shares  WMFG_p.F  in German cutlery and coffee-machine maker WMF 
have accepted the takeover bid by KKR  KKR.N , according to a 
mandatory announcement on www.finedining-offer.com, the website 
dedicated to the deal. 
    The offer period runs until Aug. 25. KKR needs the approval 
of 75 percent of holders of WMF's preferred shares. 
    Related news  WMFG.F-E  
     
    OVERSEAS STOCK MARKETS 
    Dow Jones  .DJI  -0.2 pct, S&P 500  .SPX  -0.2 pct, Nasdaq 
 .IXIC  +0.1 pct at Friday's close.  ID:nL2N0QS1LZ  
    Nikkei  .N225  +0.5 pct at Monday's close.  ID:nL4N0QS3BE  
     
    ROCKET INTERNET 
    Ten of the German venture capital firm's key shareholdings, 
including furniture trader Home24 and Russia's Lamoda, made a 
combined operating loss of about 431 million euros last year, 
German magazine WirtschaftsWoche reported. 
    Sources with knowledge of the matter told Reuters on Friday 
that Rocket Internet is close to announcing plans to list on the 
Frankfurt stock exchange.  ID:nL5N0QS1KR  
    Related news  IPO-DE-LEN  
     
    GERMAN ECONOMIC DATA 
    German August Ifo index due at 0800 GMT. Business Climate 
seen at 107.0 vs 108.0, Current Conditions seen at 112.0 vs 
112.9, Expectations seen at 102.5 vs 103.4.  ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
($1 = 0.7573 euro) 
 
 (Reporting by Maria Sheahan and Christoph Steitz) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS