German stocks - Factors to watch on July 1

Surteco SE

01/07/2014 07:14

FRANKFURT, July 1 (Reuters) - The DAX top-30 index  .GDAXI  
looked set to open 0.1 percent higher on Tuesday, according to 
premarket data from brokerage Lang & Schwarz at 0609 GMT. 
    The following are some of the factors that may move German 
stocks: 
         
    AUTOS  BMWG.DE  DAIGn.DE  VOWG_p.DE  
    BMW indicated 0.2 percent higher 
    Daimler indicated 0.1 percent higher 
    Volkswagen indicated unchanged 
    Brazil will extend a tax break for the car and furniture 
industries until the end of the year to help boost sales 
depressed by a slowing economy, the government said on Monday. 
 ID:nL2N0PB285  
    Separately, BMW said it would make an announcement in Mexico 
on July 3, all but confirming a widely expected decision to 
build a new factory to meet growing demand for premium cars, 
shortly after its rival Daimler announced similar plans. 
 ID:nL6N0PB4H3  
    Related news  AUTO-DE-E  
  
    COMMERZBANK  CBKG.DE , DEUTSCHE BANK  DBKGn.DE  
    Commerzbank indicated unchanged 
    Deutsche Bank indicated 0.3 percent higher 
    Unions and representatives of the private and public banking 
sectors have reached an agreement for 210,000 German bank staff 
for a 4.5 percent pay increase in two steps in an agreement 
running through April 2016, the two sides said on Monday. 
    Related news  BANK-DE-E  
     
    DEUTSCHE BOERSE  DB1Gn.DE  
    Indicated 0.1 percent higher 
    Deutsche Boerse plans to expand operations outside the euro 
area to give non-European clients an opportunity to avoid the 
bloc's proposed financial transaction tax, four people familiar 
with the exchange operator's thinking told Reuters. 
 ID:nL6N0PB3JR  
    Related news  DB1Gn.DE-E  
     
    FRESENIUS  FREG.DE , RHOEN-KLINIKUM  RHKG.DE  
    Fresenius indicated unchanged 
    Rhoen-Klinikum indicated 1.7 percent lower 
    Fresenius sold the 5 percent stake in Rhoen-Klinikum that it 
acquired in 2012 as part of its takeover bid for the German 
hospitals chain. A sales document seen by Reuters showed the 
shares were offered at 23.10-23.50 euros apiece.  ID:nWEB00P1A  
    Related news  FREG.DE-E  
         
    THYSSENKRUPP  TKAG.DE , SALZGITTER  SZGG.DE  
    ThyssenKrupp indicated 0.3 percent higher 
    Salzgitter indicated unchanged 
    Labour union IG Metall plans warning strikes at sites of 
Outokumpu  OUT1V.HE , Thyssenkrupp and Salzgitter as it seeks to 
raise pressure on employers to make a wage offer, a union 
official said on Monday. 
    Related news  STE-DE-E  
     
    AIRBUS  AIRG.DE  
    No indication available in Frankfurt 
    Poland has shortlisted a consortium of France's Thales 
 TCFP.PA  and European group MBDA, as well as U.S. firm Raytheon 
 RTN.N , in its tender for a mid-range missile defence system, 
the defence ministry said in a statement.  ID:nL6N0PB4WM  
    Related news  AIR.PA-E  
     
    BILFINGER  GBFG.DE  
    Indicated 6.5 percent lower 
    Bilfinger slashed its 2014 outlook on Monday, blaming 
fallout from Germany's transition to renewable energy for its 
woes.  ID:nWEB00P1C  
    Related news  GBFG.DE-E  
             
    BORUSSIA DORTMUND  BVB.DE , PUMA  PUMG.DE  
    No indication for Borussia Dortmund available 
    Puma indicated 0.1 percent higher 
    Puma is in talks to take a stake in German first-division 
soccer club Borussia Dortmund, Handelsblatt newspaper reported 
on Monday, citing company sources.  ID:nWEB00P15  
    Related news  PUMG.DE-E  
     
    ANALYSTS' VIEWS  
    QSC  QSCG.DE  - JP Morgan cuts the stock to "neutral" from 
"overweight", lowers its price target to 3.50 euros from 4.40 
euros. 
    KLOECKNER & CO  KCOGn.DE  - Credit Suisse cuts the stock to 
"underperform" from "outperform" 
             
    OVERSEAS STOCK MARKETS 
    Dow Jones  .DJI  -0.2 pct, S&P 500  .SPX  -0.04 pct, Nasdaq 
 .IXIC  +0.2 pct at Monday's close.  ID:nL2N0PB27P  
    Nikkei  .N225  +1.1 pct at Tuesday's close.  ID:nL4N0PC1N2  
     
    IPO 
    Europe's largest online fashion retailer, Zalando, is 
considering reducing the size of its stock market listing, 
people familiar with the transaction said on Monday. 
 ID:nL6N0PB4JN  
    Related news  DE-IPO-LEN  
     
    GERMAN ECONOMIC DATA 
    Seasonally adjusted unemployment data for June due at 0755 
GMT. The mid-range forecast in a Reuters poll is for a drop of 
10,000 and for the unemployment rate to hold steady at 6.7 
percent. 
    Markit's Purchasing Managers' Index (PMI) for the German 
manufacturing sector in June due at 0755 GMT, with the consensus 
forecast for a steady reading at 52.4. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Jonathan Gould and Maria Sheahan) 
 ((Jonathan.Gould@thomsonreuters.com)(+49 69 7565 1242)(Reuters 
Messaging: jonathan.gould.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS