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8S9 - Snowbird AG News Story

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Last Trade - 4:25pm

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £53.6k
Enterprise Value £-2.60m
Revenue £170.4m
Position in Universe th / 1063

German stocks - Factors to watch on September 24

Wed 24th September, 2014 7:47am
FRANKFURT, Sept 24 (Reuters) - The DAX top-30 index  .GDAXI  
looked set to open 0.2 percent higher on Wednesday, according to 
premarket data from brokerage Lang & Schwarz at 0639 GMT. 
    The following are some of the factors that may move German 
stocks: 
     
    ALLIANZ  ALVG.DE  
    Indicated 0.1 percent higher 
    The U.S. Securities and Exchange Commission is probing 
whether Allianz's Pacific Investment Management Company 
artificially inflated returns on its Pimco Total Return ETF 
 BOND.P , the Wall Street Journal reported citing people 
familiar with the matter.  ID:nL3N0RP1IH  
    Related news  ALVG.DE-E  
             
    MERCK KGaA  MRCG.DE  
    Indicated 0.7 percent higher 
    Credit rating agency Moody's placed Merck's A3 ratings on 
review for downgrade in light of the proposed acquisition of 
Sigma-Aldrich  SIAL.O , which would triple Merck's debt levels 
to more than 17 billion euros ($22 billion). Moody's said it 
viewed the deal as making good strategic sense.  ID:nMDY7y7fJf  
    Related news  MRCG.DE-E  
     
    LUFTHANSA  LHAG.DE  
    Indicated 0.6 percent higher 
    Bookings for Lufthansa's new "premium economy" class, part 
of a 3 billion euro investment in new seats and in-flight 
entertainment options, are ahead of expectations, an executive 
at the German airline said on Tuesday.  ID:nL6N0RO4HB  
    Related news  LHAG.DE-E  
     
    SGL  SGCG.DE  
    Indicated 0.4 percent lower 
    GrafTech International Ltd  GTI.N , which competes with SGL 
in graphite electrodes, cut its 2014 outlook for earnings before 
interest, taxes, depreciation and amortisation (EBITDA) to $105 
million, down from a target range of $135-150 million 
previously. 
    Related news  SGCG.DE-E  
                     
    OVERSEAS STOCK MARKETS 
    Dow Jones  .DJI  -0.6 pct, S&P 500  .SPX  -0.5 pct, Nasdaq 
 .IXIC  -0.4 pct at Tuesday's close.  ID:nL2N0RO2YX  
    Nikkei  .N225  -0.24 pct at Wednesday's close. 
 ID:nL3N0RP293  
     
    IPO 
    Rocket Internet priced its initial public stock offering in 
a range of 35.50 to 42.50 euros per share, valuing the company 
at some 6.2 billion euros.  ID:nL6N0RO5EQ  
    Separately, the subscription period for the initial public 
offering of Snowbird AG  8S9.F  - a Chinese maker of down for 
clothing and bedding - ends on Wednesday. The price range is 
5.50-6.00 euros per share. 
    Related news  IPO-DE-E  
     
    GERMAN ECONOMIC DATA 
    German September Ifo index due at 0800 GMT. Business Climate 
seen at 105.7 vs 106.3, Current Conditions at 110.2 vs 111.1, 
Expectations at 101.2 vs 101.7. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
(1 US dollar = 0.7780 euro) 
 
 (Reporting by Jonathan Gould and Ludwig Burger) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS
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