Infineon Technologies AG logo

IFX - Infineon Technologies AG News Story

€31.55 -1.0  -2.9%

Last Trade - 10/05/21

Sector
Technology
Size
Large Cap
Market Cap £36.82bn
Enterprise Value £40.06bn
Revenue £8.70bn
Position in Universe 34th / 1050

German stocks - Factors to watch on February 25

Mon 25th February, 2013 7:33am

FRANKFURT, Feb 25 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.4 percent higher on Monday, according to premarket data from brokerage Lang & Schwarz at 0730 GMT.

The following are some of the factors that may move German stocks:

DAIMLER DAIGn.DE

Indicated 0.1 percent lower

The German car maker does not expect Chinese sovereign wealth fund China Investment Corp CIC.UL to take a 10 percent stake in the company, its chief financial officer told a German newspaper. ID:nL6N0BP0U0

Related news DAIGn.DE-E

DEUTSCHE BANK DBKGn.DE

Indicated 1.1 percent lower

Deutsche Bank co-Chief Executive Anshu Jain will likely not be sacked as a result of the investigations into the bank for manipulating Libor interbank rates, three people with knowledge of the matter told Reuters. ID:nL6N0BO3GP

Separately, Deutsche Bank denied that there is a conflict within the bank between Chief Jain and management board member Rainer Neske about the strategy of the company, German magazine Der Spiegel reported.

Related news DBKGn.DE-E

SIEMENS SIEGn.DE

Indicated 0.7 percent lower

The German industrial bellwether will speed up efforts to exit or cut its 50 percent stake in its telecom equipment joint venture with Finnish phone maker Nokia NOK1V.HE , the Financial Times reported on Sunday. ID:nL4N0BO0MR

Separately, a group of investors plans to challenge German industrial conglomerate Siemens' move to spin off its lighting division Osram, German paper Frankfurter Allgemeine Zeitung reported, without saying where it obtained the information.

ID:nL6N0BO3VH

Related news SIEGn.DE-E

MERCK KGAA MRCG.DE

Indicated 2.7 percent lower

The company said a Phase III trial of Cilengitide - a therapy against an aggressive type of brain tumour - did not meet its primary endpoint of significantly increasing overall survival when added to chemoradiotherapy. ID:nWEA00AQN

Related news MRCG.DE-E

RWE RWEG.DE

Indicated 0.7 percent lower

Germany's No.2 utility struck an agreement on pay for its workers with services union Verdi. ID:nWEA00AQ0

Germany's second-largest utility has agreed with unions to raise wages for 30,000 workers by at least 2.3 percent over two years, two people with knowledge of the matter told Reuters on Saturday.

Related news RWEG.DE-E

DEUTSCHE LUFTHANSA LHAG.DE

Indicated 0.4 percent lower

Germany's largest airline would be loss-making on an operating level if it was not for its frequent flyers programme, German magazine WirtschaftsWoche reported, citing its own calculations and a study from the university of Toronto.

Separately, German magazine Der Spiegel reported that the carrier is seeking the states of Hesse, Bavaria and Berlin to compete for its new judicial headquarter as the airline is mulling Frankfurt, Munich or Berlin as its new judicial seat after closing the previous one in Cologne.

Related news LHAG.DE-E

VOLKSWAGEN VOWG_p.DE , PORSCHE PSHG_p.DE

Volkswagen indicated 0.7 percent lower

Porsche indicated 0.4 percent lower

The carmaker can reach 1 billion euros ($1.3 billion) in synergies from the takeover of Porsche, Finance Chief Dieter Poetsch said, according to Frankfurter Allgemeine Sonntagszeitung.

Related news vOWG_p.DE-E PSHG_p.DE-E

THYSSENKRUPP TKAG.DE , EADS EAD.DE

Indicated 0.5 percent lower

Airbus parent EADS and German steelmaker ThyssenKrupp recorded major attacks by Chinese hackers in 2012, German magazine Der Spiegel reported, citing unidentified people within the two companies. ID:nL6N0BO2NI

Related news TKAG.DE-E EAD.PA-E

SAP SAPG.DE

Indicated 0.4 percent lower

SAP buys optimization software provider SmartOps.

ID:nASB00IPJ

Related news SAPG.DE-E

INFINEON IFXGn.DE

Indicated 0.4 percent lower

Chief Executive Reinhard Ploss reiterated the company can generate an operating margin of 10 to 15 percent over the complete business cycle, according to weekly newspaper Euro am Sonntag.

Related news IFXGn.DE-E

WIRECARD WDIG.DE

Indicated 2.9 percent higher

The German payment systems provider said on Monday it had been chosen by Vodafone VOD.L to introduce the British mobile operator's mobile payment system. ID:nWEA00AQR

Related news WDIG.DE-E

OVERSEAS STOCK MARKETS

Dow Jones .DJI +0.9 pct, S&P 500 .SPX +0.9 pct, Nasdaq

.IXIC +1 pct at Friday's close. ID:nL1N0BMA5P

Nikkei .N225 +2.4 pct at Monday's close. ID:nEAP30AP0F

EUROPEAN FACTORS TO WATCH WATCH/EU

DIARIES DE/DIA WEU/EQUITY

REUTERS TOP NEWS TOP/NEWS ($1 = 0.7598 euros)

(Reporting by Peter Dinkloh and Christoph Steitz)

((peter.dinkloh@thomsonreuters.com)(+49 69 7565 1345)(Reuters Messaging: peter.dinkloh.thomsonreuters.com@thomsonreuters.net))

Keywords: GERMANY MARKETS STOCKS

© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.