German stocks - Factors to watch on October 30

Toda Kogyo

30/10/2014 07:29

FRANKFURT, Oct 30 (Reuters) - The DAX top-30 index  .GDAXI  
looked set to open 0.2 percent higher on Thursday, according to 
premarket data from brokerage Lang & Schwarz at 0715 GMT. 
    The following are some of the factors that may move German 
stocks: 
     
    LINDE  LING.DE   
    Indicated 7.5 percent lower 
    The German industrial gases maker cut its 2014 earnings 
prediction after taking an impairment loss of 229 million euros 
($288.33 million) in the third quarter.  ID:nASM0007SL  
    Related news  LING.DE-E  
     
    BAYER  BAYGn.DE   
    Indicated 2.1 percent higher 
    Germany's largest drugmaker said third-quarter underlying 
core earnings advanced by 1.4 percent, slightly surpassing 
expectations, on strong sales at its pesticides unit. 
    Separately, the company said late on Wednesday it was buying 
certain Crop Protection Land Management assets from DuPont 
 DD.N  for an undisclosed sum.  ID:nFWN0SO03I  
    Related news  BAYGn.DE-E  
     
    BASF  BASFn.DE  
    Indicated 0.4 percent higher 
    BASF and Japan's Toda Kogyo  4100.T  will combine their 
businesses making cathode materials for lithium-ion batteries in 
a joint venture, which will be two-thirds owned by BASF. 
 ID:nFWN0SO04S  
    Related news  BASFn.DE-E  
     
    LUFTHANSA  LHAG.DE  
    Indicated 2.3 percent lower 
    The airline lowered its profit guidance for 2015 for the 
second time this year due to a stuttering global economy. 
Lufthansa said it now expected 2015's operating profit to be 
"significantly above" the 1 billion euros ($1.26 billion) 
expected for 2014. It had previously forecast operating profit 
of 2 billion euros for 2015.  ID:nASM0007SU  
    Related news  LHAG.DE-E  
     
    VOLKSWAGEN  VOWG_p.DE  
    Indicated 0.2 percent higher 
    Q3 results due. The carmaker's operating profit is seen up 
4.5 percent at 2.9 billion euros.  ID:nL6N0SJ3OB  
    Related news  VOWG_p.DE-E  
     
    DEUTSCHE ANNINGTON  ANNGn.DE  
    Indicated 0.5 percent lower in early Frankfurt trade 
    The real estate company affirmed its 2014 forecast for funds 
from operations 1 (FFO) at the upper end of the 280-285 million 
euro range after reporting nine-month results.  ID:nEQ9cHbGRa  
    Related news  ANNGn.DE-E  
     
    EVONIK  EVKn.DE  
    Indicated 0.6 percent higher in early Frankfurt trade 
    The diversified chemicals maker reported a 3 percent 
decrease in its third quarter adjusted core earnings, better 
than expected, as lower prices for butadiene petrochemicals for 
rubber were cushioned by a recovery in prices for feed 
additives.  ID:nL5N0SP0KP  
    Related news  EVKn.DE-E  
     
    WACKER CHEMIE  WCHG.DE  
    Indicated 3.8 percent higher 
    The company saw its core earnings more than double in the 
third quarter, boosted by one-off payments and a substantial 
rise in prices for polysilicon, a key material it supplies to 
the recovering solar industry.  ID:nL5N0SP0K5  
    Related news  WCHG.DE-E  
     
    DRAEGERWERK  DRWG.DE  
    Indicated 7.9 percent higher 
    The medical safety technology company reported third quarter 
earnings before interest and tax (EBIT) of 47.2 million euros on 
sales of 591.8 million euros and expects a 2014 EBIT margin of 
4.5-6.5 percent.  ID:nFWN0SO04D  
    Related news  DRWG.DE-E  
     
    NEMETSCHEK  NEKG.DE  
    Indicated 2.3 percent higher 
    The software company reported a better than expected 16 
percent gain in third-quarter EBITDA to 13.2 million euros. 
 ID:nEQ5LhWCLa  
    Related news  NEKG.DE-E  
     
    QIAGEN  QGEN.DE  
    Indicated 0.8 percent higher 
    The genetic testing specialist reported a 6 percent gain in 
adjusted third-quarter earnings, slightly ahead of analysts' 
average forecast, helped by demand for its automated diagnostics 
gear and for test kits co-developed with drugmakers. 
 ID:nL4N0SO6PU  
    Related news  QGEN.DE-E  
     
    SCHALTBAU  SLTG.DE  
    Indicated 0.4 percent higher 
    Q3 results due. 
    Related news  DRWG.DE-E  
     
    TAKKT  TTKG.DE  
    Indicated 1.8 percent higher 
    The group reported earnings before interest, tax and 
amortisation (EBITA) of 105.2 million euros in the period. It 
said its gross profit margin for the first nine month 2014 fell 
to 42.8 percent from 43.7 percent the previous year.  
 ID:nASM0007SV  
    Related news  DRWG.DE-E  
     
    VOSSLOH  VOSG.DE  
    Indicated 0.1 percent higher 
    Q3 results due. 
    Related news  DRWG.DE-E  
     
    ANALYSTS' VIEWS 
    DIALOG SEMICONDUCTOR  DLGS.DE  - HSBC raises the stock to 
"overweight" from "neutral", raises its price target to 30 euros 
from 26 euros. 
    SOFTWARE AG  SOWG.DE  - JP Morgan lifts the stock to 
"neutral" from "underweight", raises its price target to 22 
euros from 21 euros. 
         
    OVERSEAS STOCK MARKETS 
    Dow Jones  .DJI  -0.2 pct, S&P 500  .SPX  -0.1 pct, Nasdaq 
 .IXIC  -0.3 pct at Wednesday's close.  ID:nL1N0SO2KX  
    Nikkei  .N225  +0.7 pct at Thursday's close.  ID:nL4N0SP2QJ  
     
    GERMAN ECONOMIC DATA 
    German October jobless figures due at 0855 GMT. 
Seasonally-adjusted change seen at 5,000, unemployment rate at 
6.7 pct. Total unadjusted jobless number seen at 2.8 million. 
 ECONDE   G7TODAY  
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
($1 US dollar = 0.7851 euro) 
 
 (Reporting by Kirsti Knolle and Maria Sheahan) 
 ((kirsti.knolle@thomsonreuters.com; +49 69 7565 1262; Reuters 
Messaging: kirsti.knolle.thomsonreuters.com@reuters.net     
www.reuters.com)) 
 
Keywords: GERMANY MARKETS STOCKS