German stocks - Factors to watch on March 24
24/03/2014 07:14
FRANKFURT, March 24 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.2 percent lower on Monday, according to premarket data from brokerage Lang & Schwarz at 0706 GMT. The following are some of the factors that may move German stocks: BAYER BAYGn.DE Indicated 0.5 percent lower Britain's healthcare cost agency has recommended against using Bayer's new prostate cancer drug Xofigo on the state health service because the German firm did not provide evidence on how well it worked compared to other therapies. ID:nL6N0MI3KW Related BAYGn.DE-E BMW BMWG.DE Indicated 1 percent higher The luxury carmaker will soon announce plans to build its X7, a large crossover vehicle with three rows of seats, in South Carolina where its plant will undergo an upgrade to increase capacity up to 400,000 vehicles, costing several hundred million dollars, sources said on Friday. ID:nL2N0MI11Y Related news BMWG.DE-E DEUTSCHE POST DPWGn.DE Indicated 0.4 percent higher Chief Executive Frank Appel is set to present a new profit target of up to 1.6 billion euros ($2.21 billion) for its mail business, German paper Welt am Sonntag said, citing a supervisory board source. Related news DPWGn.DE-E LUFTHANSA LHAG.DE , FRAPORT FRAG.DE Lufthansa indicated 1 percent lower Fraport indicated 0.1 percent lower Airline passengers could suffer considerable delays next Thursday as German services trade union Verdi extends strike calls in support of higher public sector pay to staff at Frankfurt airport. ID:nL5N0MK0CX Related news LHAG.DE-E VOLKSWAGEN VOWG_p.DE Indicated 0.1 percent lower The carmaker will not develop a successor model to its Eos convertible and may also not refresh the Sharan family van, the Beetle and the station wagon version of the Seat Leon to focus on more popular models, weekly Der Spiegel reported, without specifying its sources. Separately, daily Handelsblatt cited the head of Geely-owned Volvo Car Group, Hakan Samuelsson, as saying that the carmaker would seek to gain market share in Germany mainly by winning over customers of VW's Audi unit. Related news VOWG_p.DE-E AIRBUS AIRG.DE No indication available in Frankfurt Singapore's Tiger Airways Holdings Ltd TAHL.SI has placed an order for 37 Airbus AIR.PA A320neo aircraft valued at $3.8 billion at list prices, taking delivery of the planes from 2018 to 2025, the carrier said in a statement on Monday. ID:nL4N0ML06I Related news AIR.PA-E TALANX TLXGn.DE No indication available The insurer raised its dividend and confirmed its 2014 outlook after comfortably beating analyst expectations and its own net profit target for 2013, helped by lower taxes. ID:nWEB00KLW Related news NDXG.DE-E TUI TUIGn.DE Indicated 0.7 percent lower Shareholders of Chilean shipper Compania SudAmericana de Vapores VAP.SN on Friday approved an agreement that combines its container-shipping operations with those of Germany's Hapag-Lloyd HPLG.UL , though dissident stakeholders could still kill the deal in the next month. ID:nL2N0MI1E8 Related news TUIGn.DE-E EVOTEC EVTG.DE Indicated 0.7 percent higher The biotech company said on Monday it agreed to buy all shares in German asset management company Bionamics GmbH for cash and future milestone payments. It did not disclose financial details on the deal. Related news EVTG.DE-E LPKF LASER & ELECTRONICS LPKG.DE Indicated 0.4 percent higher The electronics group said on Monday it was optimistic about the future even after a muted start to the year, affirming its 2014 outlook for revenue of 132-140 million euros. ID:nWEB00KM4 Related news LPKG.DE-E MANZ M5ZG.DE Indicated 0.1 percent higher The engineering company is in talks with potential takeover targets to strengthen its Battery division, CEO Dieter Manz told weekly Euro am Sonntag. Related news M5ZG.DE-E NORDEX NDXG.DE Indicated 1 percent higher Final 2013 results due. The German wind turbine maker said last month it had swung to an operating profit last year, boosted by stronger demand in its core European market as well as cost cuts. ID:nL6N0LX1UU Related news NDXG.DE-E SMA SOLAR S92G.DE Indicated 1 percent higher CEO Pierre-Pascal Urbon reiterated he aims for the solar inverter maker to break even this year, according to weekly WirtschaftsWoche. Related news S92G.DE-E AIR BERLIN AB1.DE Indicated 9.9 percent higher The ailing airline, which is almost 30 percent owned by Abu Dhabi-based Etihad Airways, will be delisted, with Etihad raising its stake to 49.9 percent, German weekly WirtschaftsWoche reported on Saturday. ID:nL6N0MJ05Y Related news AB1.DE-E SIXT SIXG.DE Indicated 0.5 percent higher Q4 results due. The car rental firm is expected to report its quarterly earnings before interest and tax (EBIT) rose 19 percent to 30 million euros. Poll: ID:nL6N0MI10L Related news SIXG.DE-E LOEWE LOEKk.DE Up 13.9 percent in early Frankfurt trade Munich-based financial investor Stargate Capital said late on Friday it agreed to buy insolvent German television maker Loewe. Loewe said the purchase price was in a high single-digit million euro range. Related news LOEKk.DE-E INDEX CHANGES AS OF MARCH 24: TECDAX 0#.TECDAX IN: MANZ AG M5ZG.DE OUT: ADVA AG ADAG.DE SDAX 0#.SDAXI IN: SURTECO SURG.DE , CAPITAL STAGE HWAG.DE OUT: H&R AG 2HR.DE , VTG AG VT9G.DE EX-DIVIDEND Villeroy & Boch VIBG_p.DE - dividend 0.42 euros/shr ANALYSTS' VIEWS COMMERZBANK CBKG.DE - Morgan Stanley raises the stock to "overweight" from "equal-weight", lifts its target price to 16 euros from 11.80 euros. OVERSEAS STOCK MARKETS Dow Jones .DJI -0.2 pct, S&P 500 .SPX -0.5 pct, Nasdaq .IXIC -1 pct at Friday's close. ID:nL2N0MI1NU Nikkei .N225 +1.8 pct at Monday's close. ID:nL4N0ML1FH GERMAN ECONOMIC DATA German March Markit flash PMI due at 0830 GMT. Manufacturing PMI seen at 54.6, down from 54.8. Services PMI seen at 55.5, down from 55.9 in the previous month. ECONDE G7TODAY EUROPEAN FACTORS TO WATCH WATCH/EU DIARIES DE/DIA WEU/EQUITY REUTERS TOP NEWS TOP/NEWS ($1 = 0.7256 Euros) (Reporting by Harro ten Wolde, Ludwig Burger, Edward Taylor and Maria Sheahan) ((harro.tenwolde@thomsonreuters.com)(+49 69 7565 1271)(Reuters Messaging: harro.tenwolde.thomsonreuters.com@reuters.net)) Keywords: GERMANY MARKETS STOCKS