German stocks - Factors to watch on March 24
24/03/2014 06:20
FRANKFURT, March 24 (Reuters) - The following are some of the factors that may move German stocks on Monday: BAYER BAYGn.DE 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 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 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 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 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 TALANX TLXGn.DE Q4 results due. Talanx is expected to report its fourth-quarter net profit rose 135.9 percent to 184 million euros. Poll: ID:nL6N0MF3V3 Related news NDXG.DE-E NORDEX NDXG.DE Final 2013 reults 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 MANZ AG M5ZG.DE 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 SMA SOLAR S92G.DE 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 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 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. LUFTHANSA LHAG.DE - Morgan Stanley raises target price to 20.85 euros from 18.40 euros, with an "equal-weight" rating. 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:nL3N0MI31H GERMAN ECONOMIC DATA March Flash Manufacturing PMI due at 0830 GMT. 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 and Edward Taylor) ((harro.tenwolde@thomsonreuters.com)(+49 69 7565 1271)(Reuters Messaging: harro.tenwolde.thomsonreuters.com@reuters.net)) Keywords: GERMANY MARKETS STOCKS