German stocks - Factors to watch on July 4

Mobotix AG

04/07/2014 07:34

FRANKFURT, July 4 (Reuters) - The DAX top-30 index  .GDAXI  
looked set to open unchanged on Friday, according to premarket 
data from brokerage Lang & Schwarz at 0622 GMT. 
The following are some of the factors that may move German 
stocks: 
     
    ALLIANZ  ALVG.DE  
    Indicated 0.1 percent higher 
    The insurer holds its Capital Markets Day in London. 
    Related news  ALVG.DE-E  
     
    BMW  BMWG.DE   
    Indicated unchanged 
    The luxury carmaker revealed a $1 billion Mexican plant 
investment on Thursday, becoming the latest in a line of major 
automakers to take advantage of the country's growing industrial 
base and tariff-free access to the U.S. market. 
    BMW outlined plans to build a factory near San Luis Potosi, 
central Mexico, in a move that will reduce the German company's 
dependence on higher-cost plants at home.  ID:nL6N0PE46A  
    Related news  BMWG.DE-E  
     
    DEUTSCHE TELEKCOM  DTEGn.DE  
    Indicated 0.2 percent lower 
    Accusations by a U.S. agency that T-Mobile US Inc  TMUS.N  
charged customers millions of dollars in unauthorized charges 
were sensational and exaggerated, its chief executive officer 
said on Thursday.  ID:nL2N0PE1YM  
    Related news  DTEGn.DE-E  
     
    VW  VOWG_p.DE  
    Indicated 0.1 percent lower 
    The carmaker sold more than three million cars of its VW 
brand in the first half of 2014, Chief Executive Martin 
Winterkorn said on Thursday.  
    It was the first time that six months sales hit that level, 
Winterkorn said at a presentation of the new Passat model in 
Potsdam. ID:nL6N0PE5F8  
    Related news  VOWG_p.DE-E  
     
    HUGO BOSS  BOSSn.DE   
    Up 0.5 percent in Frankfurt trading 
    The fashion house opens a new distribution centre in 
Filderstadt in southern Germany. CEO Claus-Dietrich Lahrs will 
be on site. 
    Related news  BOSSn.DE-E  
     
    METRO  MEOG.DE   
    Indicated 0.3 percent lower 
    In the fierce struggle for power between Media Saturn and 
the group's founder Erich Kellerhals, the group's management 
aligned itself with acting CEO Pieter Haas as a shareholders' 
meeting is about to decide about his removal on Friday, German 
daily Sueddeutsche Zeitung said.  
    In a letter to Media Saturn owner Metro  MEOG.DE  and to 
Kellerhals, who still owns 22  percent of the consumer 
electronics chain, the seven managers warned that the group's 
capacity to act might be at risk, the paper said.  
    Kellerhals' legal attempts to get rid of Haas had led to a 
new escalation level in the relation between shareholders and 
managers, the paper quoted from the internal letter. 
    Related news  MEOG.DE-E  
 
    DOUGLAS   
    The retail group has initiated the sale of all its divisions 
excluding the perfume shop, a precondition for a possible return 
on the stock market, German daily Frankfurter Allgemeine Zeitung 
(FAZ) said.  
    Investment bank JP Morgan  JPM.N  was mandated to find a 
buyer for the jewellery subsidiary Christ, the paper said. The 
group, which is owned by U.S. private equity group Advent and 
the founding family Kreke, would aim to go public in spring 
2015, FAZ said. 
    Related news  DOUGLAS-E  
         
    EX-DIVIDEND 
    FIELMANN  FIEG.DE  - dividend 2.90 eur/shr 
         
    ANALYSTS' VIEWS  
    MOBOTIX  MBQGn.DE  - DZ Bank cuts to "sell" from "buy" 
         
    OVERSEAS STOCK MARKETS 
    Dow Jones  .DJI  +0.54 pct, S&P 500  .SPX  +0.55 pct, Nasdaq 
 .IXIC  +0.63 pct at Thursday's close.  ID:nL2N0PE248  
    Nikkei  .N225  +0.52 pct at 0514 GMT.  ID:nL4N0PF0B1  
     
    GERMAN ECONOMIC DATA 
    German May industrial orders due at 0600 GMT. Seen +1.0 pct. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Kirsti Knolle and Jonathan Gould) 
 ((maria.sheahan@thomsonreuters.com)(+49 69 7565 1286)(Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS