German stocks - Factors to watch on June 30

Surteco SE

30/06/2014 07:11

BERLIN/FRANKFURT, June 30 (Reuters) - The DAX top-30 index 
 .GDAXI  looked set to open 0.1 percent lower on Monday, 
according to premarket data from brokerage Lang & Schwarz at 
0610 GMT. 
    The following are some of the factors that may move German 
stocks: 
     
    DEUTSCHE POST  DPWGn.DE  
    Indicated unchanged 
    The postal and logistics group will consider raising the 
cost next year of sending a standard letter in its home market, 
Rheinische Post reported on Saturday, citing executive board 
member Juergen Gerdes.  ID:nL6N0P9054  
    Related news  DPWGn.DE-E  
     
    E.ON  EONGn.DE  
    Indicated 0.1 percent lower 
    Sweden proposed a sharp rise in fees nuclear power producers 
have to pay the country's nuclear decommissioning fund, saying 
previous cost estimates were too low. 
    E.ON operates three reactors in Sweden. 
    Related news  EONGn.DE-E  
     
    LUFTHANSA  LHAG.DE  
    Indicated 0.5 percent higher 
    The company is considering launching a budget brand for 
long-haul flights, German business newspaper Handelsblatt 
reported, citing a high-ranking company manager. 
    Related news  LHAG.DE-E  
     
    MERCK KGAA  MRCG.DE  
    Indicated 50.1 percent lower 
    The listing of Merck shares on the regulated market of the 
Frankfurt Stock Exchange will be changed on Monday in line with 
the approval of a 1:2 share split by the group's annual general 
meeting in May. 
    Separately, German chemical companies' competitiveness will 
be seriously curtailed by cost-raising changes to the renewable 
energy act (EEG), Euro am Sonntag reported, citing Merck's Chief 
Executive Karl-Ludwig Kley. 
    Related news  MRCG.DE-E  
     
    SIEMENS  SIEGn.DE  
    Indicated 0.9 percent higher 
    The company's works council two weeks ago approved 
restructuring plans to scrap a layer of management by cutting 
the organization back to nine core divisions, Der Spiegel 
reported on Sunday, without citing the source of the 
information. 
    Related news  SIEGn.DE-E  
     
    THYSSENKRUPP  TKAG.DE  
    Indicated 0.2 percent higher 
    The steelmaker said late on Sunday it had agreed to sell its 
submarine shipyard in the south of Sweden to Swedish defence 
firm Saab for 340 million Swedish crowns ($50.47 million). 
 ID:nL6N0P84CK  
    Separately, the company also said on Sunday it will rework 
compensation guidelines for employee representatives, responding 
to a report in Welt am Sonntag saying generous pay levels for 
staff representatives at its shipbuilding operations are 
illegal. 
    Related news  TKAG.DE-E  
     
    AAREAL BANK  ARLG.DE  
    Indicated 0.4 percent higher 
    Low interest rates and a property boom are fueling 
competition among lenders and insurers for commercial 
property-funding, WirtschaftsWoche reported on Saturday, citing 
Chief Executive Wolfgang Schumacher. 
    Related news  ARLG.DE-E  
     
    GAGFAH  GFJG.DE  
    Indicated 0.3 percent higher 
    The property firm is seeking credit ratings from major 
agencies as it will keep using corporate bonds to refinance 
debt, Euro am Sonntag reported, citing Chief Executive Thomas 
Zinnoecker. 
    Related news  GFJG.DE-E  
         
    METRO  MEOG.DE  
    Indicated 0.3 percent higher 
    The founder of the retailer's electronics chain Media-Saturn 
wants to dismiss the unit's interim chief Pieter Haas at a July 
4 corporate meeting, WirtschaftsWoche reported on Saturday, 
citing unnamed sources. 
    Related news  MEOG.DE-E  
     
    SOFTWARE AG  SOWG.DE  
    Indicated 0.1 percent lower 
    The German business software maker has sold its SAP 
consulting unit to Scheer Group. The sale will result in a "low 
single digit million euro" one-off in the company's 
second-quarter result. 
    Related news  SOWG.DE-E  
     
    GRAMMER  GMMG.DE  
    Indicated 0.1 percent higher 
    The car parts supplier plans to hire about 100 more workers 
at a Brazilian factory near Sao Paulo as it expands the size of 
the plant by a third, Euro am Sonntag reported, citing unnamed 
sources familiar with the matter. 
    Related news  GMMG.DE-E  
     
    KION  KGX.DE  
    Indication unchanged 
    Majority shareholder Weichai Power could further raise its 
stake in the forklift truck maker after two major shareholders 
trimmed their holding this month, Boersen-Zeitung reported on 
Saturday, citing finance chief Thomas Toepfer. 
    Related news  KGX.DE-E  
     
    EX-DIVIDEND  
    SURTECO  SURG.DE  - dividend 0.65 euros/shr 
     
    ANALYSTS' VIEWS  
    FRESENIUS MEDICAL CARE  FMEG.DE  - Jefferies cuts to 
"underperform" 
    SIEMENS - Citigroup reinstates with "buy" rating, adds to 
Focus List Europe 
    OSRAM  OSRn.DE  - JP Morgan raises to "neutral" from 
"underweight" 
    CARL ZEISS MEDITEC  AFXG.DE  - Berenberg raises to "buy" 
from "hold" 
     
    OVERSEAS STOCK MARKETS 
    Dow Jones  .DJI  +0.03 pct, S&P 500  .SPX  +0.2 pct, Nasdaq 
 .IXIC  +0.4 pct at Friday's close.  ID:nL2N0P81SC  
    Nikkei  .N225  +0.4 pct at Monday's close.  ID:nZZN0A7H0F  
     
    GERMAN ECONOMIC DATA 
    German May retail sales -0.6 percent m/m, +1.9 percent y/y. 
Reuters poll was for +0.7 pct m/m, +2.1 pct y/y.  ID:nL6N0P84TD  
 ECONDE   G7TODAY  
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
($1 = 6.7371 Swedish Kronas) 
 
 (Reporting by Harro ten Wolde, Andreas Cremer and Christoph 
Steitz) 
 ((harro.tenwolde@thomsonreuters.com)(+49 69 7565 1271)(Reuters 
Messaging: harro.tenwolde.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS