German stocks - Factors to watch on July 30

Petro Welt Technologies AG

30/07/2014 07:25

FRANKFURT, July 30 (Reuters) - The DAX top-30 index  .GDAXI  
looked set to open 0.1 percent lower on Wednesday, according to 
premarket data from brokerage Lang & Schwarz at 0603 GMT. 
    The following are some of the factors that may move German 
stocks: 
    
    BAYER  BAYGn.DE  
    Indicated down 2 percent  
    Germany's largest drugmaker posted a 1 percent gain in 
quarterly adjusted core earnings, as strong sales growth of 
newly introduced pharmaceuticals was tempered by a strong euro 
weighing on the value of overseas sales.  ID:nWEB00QIO  
    Related news  BAYGn.DE-E  
     
    DAIMLER  DAIGn.DE   
    Indicated up 0.1 percent  
    Daimler's works' council on Tuesday said it had agreed a 
deal to overhaul a network of company-owned Mercedes sales 
outlets in Germany, after management provided dealership 
employees with job guarantees until 2023.  ID:nL6N0Q44JK  
    Related news  DAIGn.DE-E  
     
    DEUTSCHE BANK  DBKGn.DE   
    Indicated up 0.2 percent  
    New York's banking regulator is seeking to place government 
monitors in the U.S. offices of Deutsche Bank AG and Barclays 
Plc  BARC.L  as part of its investigation into the 
foreign-exchange market, a person familiar with the matter said. 
 ID:nL4N0Q460W  
    Related news  DBKGn.DE-E  
     
    DEUTSCHE TELEKOM  DTEGn.DE   
    Indicated down 0.2 percent  
    The long-anticipated merger of Sprint Corp  S.N  and 
Deutsche Telekom unit T-Mobile US Inc  TMUS.N  is not expected 
to occur before September, with the companies continuing due 
diligence and preparing a detailed case for a deal before U.S. 
regulators, according to people familiar with the matter. 
 ID:nL2N0Q41Q4  
    Related news  DTEGn.DE-E  
     
    HEIDELBERGCEMENT  HEIG.DE   
    Indicated down 0.3 percent  
    The German cement maker posted flat second-quarter operating 
profit, missing a consensus for a 9 percent rise, as the 
unfavourable impact of a strong euro weighed on results. 
 ID:nL6N0Q511N  
    Related news  HEIG.DE-E  
 
    RWE  RWEG.DE , E.ON  EONGn.DE  
    E.ON indicated down 0.9 percent  
    RWE indicated down 0.2 percent  
    The German utilities are planning to shut down 49 power 
plants in Germany, 21 more than previously, tabloid Bild 
reported, citing new data from regulator Bundesnetzagentur. 
    Related news  ELEU-DE-E   
     
    INFINEON  IFXGn.DE   
    Indicated up 1.3 percent 
    The chipmaker on Wednesday raised its full year outlook on 
strong demand for its products from carmakers and industrial 
customers.  ID:nASM0006ZP  
    Related news  IFXGn.DE-E  
 
    VOLKSWAGEN  VOWG_p.DE  
    Indicated up 0.3 percent  
    Volkswagen is closing in on Toyota Motor Corp as the global 
leader in vehicle sales, with a rapid expansion drive in China - 
the world's biggest auto market - while Toyota curbs growth to 
focus on shoring up quality, sales figures from Toyota showed. 
 ID:nL4N0Q50O5  
    Related news  VOWG_p.DE-E  
     
    AIRBUS  AIRG.DE  
    No indication available 
    Airbus Group  AIR.PA  on Wednesday reported first-half 
underlying operating profit rose 10 percent and reaffirmed its 
forecasts for the year, telling investors not to worry about the 
health of the commercial jetliner market.  ID:nWEB00QI0  
    Related news  AIR.PA-E  
     
    MAN  MANG.DE  
    Indicated unchanged 
    Germany's MAN SE returned to profit in the second quarter as 
strong demand for diesel engines and turbines offset weakening 
truck sales.  ID:nF9N0NY06M  
    Related news  MANG.DE-E  
 
    OSRAM  OSRn.DE   
    No indication available 
    The lighting maker announced late on Tuesday plans for a new 
savings programme that will include almost 8,000 job cuts, or 
around 23 percent of its staff, as it reported better than 
expected third quarter profit.  ID:nL6N0Q457R  
    Related news  OSRn.DE-E  
 
    RATIONAL  RAAG.DE   
    Indicated up 1.4 percent  
    The kitchen maker saw earnings before interest and taxes 
rise 10 percent to 55.8 million euros in the first six months. 
 ID:nWEB00QI3  
    Related news  RAAG.DE-E  
         
    DIALOG SEMICONDUCTOR  DLGS.DE   
    Indicated up 2.5 percent  
    The company said it expected its revenue to come to between 
$240 million and $265 million in the third quarter after posting 
a 45 percent jump in second-quarter sales to $219 million. 
 ID:nASM0006ZN  
    Related news  DLGS.DE-E  
     
    EVOTEC  EVTG.DE  
    Indicated up 2.6 percent  
    The biotech company said it received its first milestone 
payment in its TargetAD collaboration with Janssen 
Pharmaceuticals.  ID:nWEB00QII  
    Related news  EVTG.DE-E  
     
    KONTRON  KBCG.DE   
    Indicated up 3.9 percent  
    The computer manufacturer posted second-quarter underlying 
operating profit of 3.7 million euros, just above consensus for 
2.5 million, and said it was on track in terms of its financial 
performance and affirmed its 2014 outlook.  ID:nWEB00QHY  
    Related news  KBCG.DE-E  
     
    TELEFONICA DEUTSCHLAND  O2Dn.DE   
    No indication available 
    Telefonica Deutschland on Wednesday reported a 14.5 percent 
drop in core earnings due to lower revenues from its wireless 
services and heavy investments to gain market share. 
 ID:nWEB00QIM  
    Related news  02Dn.DE-E  
     
    QIAGEN  QGEN.DE  
    Indicated up 0.3 percent  
    The genetic testing specialist reported a 9 percent rise in 
second-quarter earnings, slightly above analysts' average 
forecast, helped by demand for its automated diagnostics gear 
and for test kits co-developed with drugmakers.  ID:nL6N0Q440Z  
    Related news  QGEN.DE-E  
     
    CAT OIL  O2C.DE   
    Indicated down 2.5 percent  
    The Austrian oil drilling company's growth could be slowed 
if sanctions against Russia caused deliveries of drilling 
equipment to be delayed or stopped, Chief Executive Manfred 
Kastner told Boersen-Zeitung. 
    Related news  02C.DE-E  
     
    ANALYSTS' VIEWS 
    DEUTSCHE BANK  DBKGn.DE  - Berenberg raises the stock to 
"hold" from "sell". Also, S&P Capital IQ raises it to "buy" from 
"hold" and cuts its target price to 32 euros from 35 euros. 
     
    OVERSEAS STOCK MARKETS 
    Dow Jones  .DJI  flat, S&P 500  .SPX  -0.1, Nasdaq  .IXIC  
+0.2 pct at Tuesday's close.  ID:nL2N0Q42D5  
    Nikkei  .N225  +0.2 pct at Tuesday's close.  ID:nL4N0Q521C  
     
    GERMAN ECONOMIC DATA 
    Preliminary data for German inflation in July due at 1200 
GMT. CPI seen +0.2 pct m/m, +0.8 pct y/y. HICP seen +0.3 pct 
m/m, +0.8 pct y/y. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
($1 = 0.7443 Euros) 
 
 (Reporting by Victoria Bryan and Maria Sheahan) 
 ((maria.sheahan@thomsonreuters.com)(+49 69 7565 1286)(Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS