German stocks - Factors to watch on November 9
09/11/2015 07:13
FRANKFURT, Nov 9 (Reuters) - The DAX top-30 index .GDAXI
looked set to open 0.1 percent higher on Monday, according to
premarket data from brokerage Lang & Schwarz at 0707 GMT.
The following are some of the factors that may move German
stocks:
CHINA
China's trade figures disappointed analyst expectations by a
wide margin in October, reinforcing views that the world's
second-largest economy will have to do more to stimulate
domestic demand given softness in overseas markets. urn:newsml:reuters.com:*:nL3N12Z2MT
VOLKSWAGEN VOWG_p.DE
Indicated 0.7 percent higher
Several Volkswagen engineers have admitted manipulating
carbon dioxide emissions data because goals set by former Chief
Executive Martin Winterkorn were difficult to achieve, Bild am
Sonntag reported. urn:newsml:reuters.com:*:nL8N1330G5
Company managers are worried about travelling to the United
States because U.S. investigators have confiscated the passport
of a VW employee who is there on a visit, Sueddeutsche Zeitung
reported on Saturday. urn:newsml:reuters.com:*:nL8N1320G5
COMMERZBANK CBKG.DE
Indicated 0.1 percent higher
The head of the banks' Private Customers unit, Martin
Zielke, told Sueddeutschen Zeitung that online payment service
Paydirekt, Germany's banks' answer to Paypal, would likely win
at least 250,000 registered users within the first few months of
its launch.
CONTINENTAL CONG.DE
Indicated 0.5 percent lower
Continental slightly raised its full-year profit outlook
after posting higher third-quarter earnings on growing car sales
in Europe and North America. urn:newsml:reuters.com:*:nF9N12L01F
HEIDELBERGCEMENT HEIG.DE
Indicated 0.5 percent higher
Italcementi ITAI.MI , which HeidelbergCement is taking
over, posted on Friday a third-quarter net loss of 22.7 million
euros and forecast slightly lower operating results in the full
year due to weaker demand in France and competition in Egypt.
urn:newsml:reuters.com:*:nFWN1310BT
LUFTHANSA LHAG.DE
Indicated 0.9 percent lower
Lufthansa's cabin crew union UFO resumes its strike on
Monday after a one-day pause, grounding flights at three of the
German airline's major airports for almost the entire day,
affecting 929 flights and 113,000 passengers. urn:newsml:reuters.com:*:nL8N1330P4
RWE RWEG.DE
Indicated 0.9 percent higher
The municipal utility of the city of Dortmund, which holds 4
percent in RWE, told daily Westdeutsche Allgemeine Zeitung it
was bracing for a cut in RWE's dividend to 0.85 euros.
VONOVIA VNAn.DE , DEUTSCHE WOHNEN DWNG.DE
No indication for Vonovia available
Deutsche Wohnen indicated unchanged
Deutsche Wohnen CEO Michael Zahn plans to appeal to Vonovia
shareholders to reject the real estate group's planned takeover
of its peer, Frankfurter Allgemeine Zeitung reported, quoting a
letter Zahn is to publish on Monday.
AIRBUS AIRG.DE
Down 0.2 percent in early Frankfurt trade
Airbus AIR.PA expects to sell more A380 superjumbos this
year, but a potential deal may not be finalized until early
2016, the planemaker's chief executive said on Sunday.
urn:newsml:reuters.com:*:nL8N1330V1
ELRINGKLINGER ZILGn.DE
Indicated 1.1 percent higher
ElringKlinger confirmed its full year outlook after posting
third-quarter results slightly ahead of analyst's expectations.
The automotive supplier anticipates that earnings performance
will improve in 2016. urn:newsml:reuters.com:*:nASM000DA1
KABEL DEUTSCHLAND KD8Gn.DE
Indicated 0.2 percent higher
The cable company reported its fiscal second-quarter
adjusted EBITDA rose 8.1 percent to 263 million euros, with
revenues up 7.3 percent. urn:newsml:reuters.com:*:nFWN1310CX
WINCOR NIXDORF WING.DE
Indicated 1.2 percent lower
Q4 results due. EBITDA loss seen at 19.3 million euros.
urn:newsml:reuters.com:*:nL8N12Y2NO
MANZ M5ZG.DE
Indicated 2.6 percent lower
The group reported it slumped to a 9-month operating loss
due to cancelled and delayed orders. urn:newsml:reuters.com:*:nFWN1310CK
PFEIFFER VACUUM PV.DE
Indicated 0.2 percent lower
Taking control of Pfeiffer is one of the options the Busch
family could consider, Sami Busch of the family told
Boersen-Zeitung on the weekend, but said Busch-Holding's
intentions were "friendly".
QSC QSCG.DE
Indicated 1.6 percent higher
The company reported its third-quarter EBITDA jumped 36
percent to 12 million euros, above consensus for 11.4 million.
urn:newsml:reuters.com:*:nASM000DA4
TUI AG TUIGn.DE
No indication available
TUI TUIT.L is working with Deutsche Bank and Bank of
America to prepare the sale of its online hotel booking business
Hotelbeds Group in a potential 1 billion euro deal, Bloomberg
cited people familiar with the matter as saying late on Friday.
IPO
Meal delivery firm HelloFresh puts its listing plans on
hold, two people familiar with the matter told Reuters.
urn:newsml:reuters.com:*:nL8N1330QC
ANALYSTS' VIEWS
FRESENIUS MEDICAL CARE FMEG.DE - Barclays cuts to
"underweight" from "equal weight", cuts price target to 70 euros
from 73 euros
OSRAM LICHT AG OSRn.DE - HSBC resumes with "hold", 56 euro
target price
RHEINMETALL RHMG.DE - HSBC cuts to "hold" from "buy"
TELEFONICA DEUTSCHLAND O2Dn.DE - Barclays cuts to "equal
weight" from "overweight"
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.3, S&P 500 .SPX -0.7 pct, Nasdaq
.IXIC +0.4 pct at Friday's close. .N
Nikkei .N225 +2 pct, Shanghai stocks .SSEC +1.6 pct.
.T .SS.
GERMAN ECONOMIC DATA
German exports and imports bounced back in September after
plunging in the prior month but failed to assuage concerns that
a slowdown in emerging markets will leave its mark on Europe's
largest economy. urn:newsml:reuters.com:*:nL8N1340LF
ECONDE G7TODAY
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Ludwig Burger and Maria Sheahan)
((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270))
Keywords: GERMANY STOCKS/FACTORS