German stocks - Factors to watch on February 24

Toda Kogyo

24/02/2015 06:10

FRANKFURT, Feb 24 (Reuters) - The following are some of the 
factors that may move German stocks on Tuesday: 
     
    GERMAN ECONOMY 
    Germany's biggest trade union, IG Metall, agreed on Tuesday 
to a 3.4 percent wage increase for one year from April for the 
southwest region plus a one-off payment of 150 euros, saying it 
would help boost private consumption in Europe's biggest 
economy.  ID:nL5N0VY073  
     
    DEUTSCHE BANK  DBKGn.DE  
    The U.S. Department of Justice and the Commodity Futures 
Trading Commission are investigating at least 10 major banks, 
including Deutsche Bank, for a possible rigging of 
precious-metals markets, the Wall Street Journal reported, 
citing people close to the inquiries.  ID:nL4N0VY0NL  
     
    E.ON  EONGn.DE , BASF  BASFn.DE   
    EU regulators aiming to build a strong energy union to 
weaken Russia's market power are planning to introduce a law 
that will require each member state to seek EU commission 
approval before concluding new gas contracts, German daily 
Sueddeutsche Zeitung said in an advance copy of its Tuesday 
edition.  ID:nL5N0VX4J9  
    Separately, BASF said it had closed its agreement with Toda 
Kogyo Corp  4100.T  for a joint venture specialising in cathode 
materials for lithium-ion batteries.  ID:nFWN0VX01J  
     
    LUFTHANSA  LHAG.DE   
    The airline is considering shifting some of its Embraer 
 EMBR3.SA  jets to its Austrian Airlines unit as replacements 
for the carrier's ageing fleet of Fokker regional 
jets. ID:nL5N0VX2YX  
     
    TRUCKMAKERS  MANG.DE   VOWG_p.DE   DAIGn.DE  
    Top European truckmakers face a fine of up to 4 billion 
euros ($4.5 billion) for operating a cartel, German daily 
Handelsblatt reported, citing industry sources.  ID:nL5N0VX41A  
     
    AIXTRON  AIXG.DE  
    Q4 results due. The chip equipment maker's operating loss is 
seen narrowing to 6.8 million euros. Poll:  ID:nL5N0VX36H  
     
    TELEFONICA DEUTSCHLAND  O2Dn.DE  
    Q4 results due. The telecoms operator is seen posting a 47 
million euro operating loss before depreciation and amortisation 
(OIBDA). Poll:  ID:nL5N0VU2ER  
     
    STROEER MEDIA  SAXG.DE  
    Q4 results due. 
     
    ANALYSTS' VIEWS  
    STADA  STAGn.DE  - Berenberg raises the stock to "hold" from 
"sell", lifts its target price to 27 euros from 25 euros. 
             
    OVERSEAS STOCK MARKETS 
    Dow Jones  .DJI  -0.1 pct, S&P 500  .SPX  -0.03 pct, Nasdaq 
 .IXIC  +0.1 pct at Monday's close.  ID:nL1N0VX287  
    Nikkei  .N225  +0.7 pct at Tuesday's close.  ID:nL4N0VY0H3  
     
    GERMAN ECONOMIC DATA 
    Detailed German Q4 GDP data due at 0700 GMT. Seen +0.7 pct 
q/q, +1.5 pct y/y. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
($1 = 0.8832 euros) 
 
 (Reporting by Kirsti Knolle and Maria Sheahan) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS