German stocks - Factors to watch on January 20
20/01/2015 07:30
FRANKFURT, Jan 20 (Reuters) - The DAX top-30 index .GDAXI
looked set to open up 0.4 percent on Tuesday, according to
premarket data from brokerage Lang & Schwarz at 0722 GMT. The
following are some of the factors that may move German stocks:
GLOBAL ECONOMY
The International Monetary Fund lowered its forecast for
global economic growth in 2015, and called on Tuesday for
governments and central banks to pursue accommodative monetary
policies and structural reforms to support growth.
ID:nL4N0UY2OP
Separately, Germany's chancellor made a rare public
intervention in the debate about money printing by the European
Central Bank on Monday, warning it was no substitute for
economic reforms in the euro zone. ID:nL6N0UY3WW
SAP SAPG.DE
Indicated down 2.4 percent
Europe's largest software firm lowered its 2017 operating
profit outlook as the push into the cloud will eat into its
profit margins. ID:nS8N0RH001
PATRIZIA IMMOBILIEN P1ZGn.DE
Indicated up 1.3 percent
Patrizia Immobilien says it achieved its key targets in
fiscal year 2014. ID:nFWN0UY023
UTILITIES EONGn.DE RWEG.DE EBKG.DE
E.ON indicated up 0.5 percent; RWE indicated up 0.6 percent
Economy Minister Sigmar Gabriel said he, like Chancellor
Angela Merkel, opposes giving cash to money-losing coal- and
gas-fired power stations, according to an interview with the
newspaper Handelsblatt. ID:nL6N0UY3RK
HENKEL HNKG_p.DE
Indicated up 0.2 percent
The falling oil price will have positive effects that
outweigh any negative effects for Henkel but it will take up to
half a year for these to be seen in the company's profits, Chief
Executive Kasper Rorsted told the Frankfurter Allgemeine
Zeitung.
KABEL DEUTSCHLAND KD8Gn.DE
Indicated up 0.1 percent
The company said it would hold an extraordinary general
meeting, likely on March 20, at the request of minority
shareholder Elliott.
ALSTRIA OFFICE REIT AOXG.DE
Indicated up 0.1 percent
The real estate firm said it signed a new lease for a
property in Berlin, which will start on Dec. 1 and generate
annual rental income of 590,000 euros. ID:nFWN0UV052
FRESENIUS MEDICAL CARE FMEG.DE
Indicated flat
The dialysis specialist said late on Monday that Standard &
Poor's had raised its credit rating to BBB- from BB+. It had
earlier already raised parent Fresenius FREG.DE to BBB-.
ID:nEQ1B6MTSa
HAWESKO HAWG.DE
The German wine seller's Chief Executive Alexander
Margaritoff will step down and sell his 30 percent stake in the
company to shareholder Detlev Meyer, clearing the way for
Meyer's hostile takeover offer. ID:nL6N0UY3RI
Lotto24 LO24n.DE
Lotto24's 2014 revenues jump to around 9 million euros from
2.8 million euros a year earlier. ID:nASM0008RO
Datagroup D6HG.DE
Datagroup receives service contracts for over 36 million
euros. ID:nFWN0UY02A
ANALYSTS' VIEWS
LINDE LING.DE - Barclays raises to "overweight" from
"equal weight", lifts target price to 177 euros from 165 euros.
LUFTHANSA LHAG.DE - Barclays raises to "overweight" from
"equal weight", lifts target price to 18 euros from 12.80 euros.
HEIDELBERGCEMENT HEIG.DE - UBS raises target price to 60
euros from 53 euros, rating "neutral".
INFINEON IFXGn.DE - Socgen raises target price to 9.2
euros from 8.2 euros, rating "hold".
FIELMANN FIEG.DE - Berenberg cuts to "hold" from "buy";
raises target price to 60 euros from 53.50 euros.
KLOECKNER & CO KCOGn.DE - Berenberg reinitiates coverage
with "hold", target price 9 euros.
LANXESS LSXG.DE - Barclays cuts target price to 37 euros
from 45 euros; rating "underweight".
KWS SAAT KWSG.DE - Barclays raises target price to 293
euros from 282 euros; rating "equal weight".
K&S SDFGn.DE - Barclays raises target price to 28 euros
from 26 euros; rating "overweight".
EVONIK EVKn.DE - Barclays raises target price to 33 euros
from 32 euros; rating "overweight".
BASF BASFn.DE - Barclays cuts target price to 87 euros
from 91 euros; rating "overweight".
OVERSEAS STOCK MARKETS
U.S. stock markets were closed on Monday for the Martin
Luther King Day.
Nikkei .N225 +2.1 pct at Tuesday's close. ID:nL4N0UZ19H
GERMAN ECONOMIC DATA
German December producer prices fell 0.7 percent m/m vs
Reuters poll -0.4 pct; fell 1.7 percent 7/7 vs Reuters poll -1.4
pct.
German ZEW index for January due at 1000 GMT. Economic
Sentiment seen at 40.0 vs 34.9, Current Condition seen at 14.8
vs 10.0.
ECONDE G7TODAY
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Maria Sheahan and Georgina Prodhan)
((kirsti.knolle@thomsonreuters.com; +49 69 7565 1262; Reuters
Messaging: kirsti.knolle.thomsonreuters.com@reuters.net
www.reuters.com))
Keywords: GERMANY MARKETS STOCKS