German stocks - Factors to watch on March 24

Multitude AG

24/03/2016 07:22

BERLIN/FRANKFURT, March 24 (Reuters) - The DAX top-30 index 
 .GDAXI  looked set to open 0.6 percent lower on Thursday, 
according to premarket data from brokerage Lang & Schwarz at 
0716 GMT. 
    The following are some of the factors that may move German 
stocks: 
         
    VOLKSWAGEN  VOWG_p.DE  
    Indicated 0.6 percent lower 
    Two sources told Reuters that Volkswagen was not expected to 
unveil an agreement Thursday with U.S. regulators at a federal 
court hearing in California on how to address excess emissions 
in 580,000 diesel vehicles.  urn:newsml:reuters.com:*:nL2N16V28S     
    German news agency DPA said VW's lawyer Robert Giuffra had 
asked a judge to extend its deadline in a dispute over 
electronic data by 14 days. 
    Separately, a spokesman for VW said the carmaker will recall 
177,000 Passat cars built in 2014 and 2015 due to a technical 
glitch that could cause engines outage. 
    German paper Bild, citing financial sources, reported that 
plans by Volkswagen to issue a bond by late June have met with 
lukewarm investor interest amid the emissions scandal, German 
paper Bild reported on Wednesday. 
     
    CONTINENTAL  CONG.DE   
    Indicated 0.3 percent lower 
    Annual report due. The automotive supplier already published 
preliminary results on March 3 and raised its dividend. 
 urn:newsml:reuters.com:*:nL8N16B17L 
     
    LUFTHANSA  LHAG.DE  
    Indicated 0.2 percent lower 
    Lufthansa and Austrian Airlines will cancel their flights to 
Brussels until the end of Monday, March 28, a spokesman said 
late-Wednesday. urn:newsml:reuters.com:*:nL5N16V60R 
    Including previous cancellations, 156 flights from Frankfurt 
and Munich to Brussels were affected and 12,300 passengers. From 
Thursday, Lufthansa will start a daily bus shuttle between 
Frankfurt and Brussels. 
    Also, Lufthansa and its two main unions said they would 
work together to improve flight safety, a year to the day after 
last year's Germanwings crash. 
     
    JUNGHEINRICH  JUNG_p.DE  
    Indicated 0.3 percent higher 
    Analyst conference due. The company published its financial 
results and held a news conference on Wednesday.  urn:newsml:reuters.com:*:nF9N16O005 
 
    TAG IMMOBILIEN  TEGG.DE   
    Indicated 0.3 percent lower 
    The real estate group published its annual report. 
         
    CANCOM  COKG.DE   
    Indicated 0.2 percent higher 
    Q4 results due. 
     
    DRILLISCH  DRIG.DE   
    Indicated 1.6 percent lower 
    Drillisch reported a 24 percent rise in 2015 earnings before 
interest, tax, depreciation and amortisation (EBITDA) to 105.6 
million euros.  urn:newsml:reuters.com:*:nASM0002R4 
    Separately, it said Chief Executive Paschalis Choulidis 
would step down for personal reasons.  urn:newsml:reuters.com:*:nFWN16V0IR 
     
    STRATEC BIOMEDICAL  SBSG.DE  
    Up 1.6 percent in early Frankfurt trade 
    The company agreed to buy Hungary's Diatron MI Plc, a maker 
of hematology applications, from private equity firm The 
Riverside Company and said the acquisition would be earnings 
accretive this year.  urn:newsml:reuters.com:*:nEQ7lbQhva 
     
    XING  OBCGn.DE   
    Indicated 0.2 percent lower 
    Annual report due. The business social network operator 
reported preliminary results on Feb. 22.  urn:newsml:reuters.com:*:nL5N16U2Y6 
     
    ADLER REAL ESTATE  ADLG.DE   
    Indicated 2 percent higher 
    The property group reported a rise in 2015 operating 
earnings.  urn:newsml:reuters.com:*:nASM0002RP 
     
    FERRATUM  FRU.DE  
    Indicated 0.7 percent lower 
    The group proposed a dividend of 0.10 euros per share for 
2015.  urn:newsml:reuters.com:*:nFWN16W00P 
     
    KOENIG & BAUER  SKBG.DE   
    Indicated 0.4 percent lower 
    The printing press maker said it would pay no dividend for 
2015, saying its annual net profits had not offset retained 
losses.  urn:newsml:reuters.com:*:nFWN16W03X 
     
    STEILMANN SE  STEM.DE  
    No indication available 
    The German apparel company said late on Wednesday it would 
file for insolvency.  urn:newsml:reuters.com:*:nASM0002R6 
         
    ANALYSTS' VIEWS 
    HEIDELBERGCEMENT  HEIG.DE  - UBS cuts to "neutral" from 
"buy", raises target price to 76 euros from 72 euros 
    RWE  RWEG.DE  - RBC raises to "sector perform" from 
"underperform", lifts target price to 12 euros 
    FRAPORT  FRAG.DE  - RBC cuts to "sector perform" from 
"outperform", cuts target price to 55 euros from 65 euros 
     
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  -0.5 pct, S&P 500 .SPX  -0.6 pct, Nasdaq 
 .IXIC  -1.1 pct at close.  .N  
    Nikkei  .N225  -0.6 pct, Shanghai stocks  .SSEC  -1.6 pct. 
 .T   .SS  
     
    GERMAN ECONOMIC DATA 
    Morale among German consumers dipped going into April, as 
shoppers felt less upbeat about the future of Europe's largest 
economy, a survey showed on Thursday.  urn:newsml:reuters.com:*:nL9N15B011 
    German February import prices -0.6 pct m/m, -5.7 pct y/y. 
 urn:newsml:reuters.com:*:nB4N15B00L 
    Real wages in Germany rose 2.4 percent last year compared to 
2014, the strongest increase since 2008, the Statistics Office 
said on Thursday, in a boost to private consumption which has 
become the main driver of growth in Europe's biggest economy. 
 urn:newsml:reuters.com:*:nB4N16H004 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Harro ten Wolde and Maria Sheahan) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/FACTORS