Friday May 9, 07:30 AM
German shares TFN at a glance outlook
FRANKFURT (Thomson Financial) - German shares are expected to open lower this morning, pressured by declines post session on Wall Street yesterday and lower performances in Asia this morning.
Although Wall Street was boosted earlier
in the day by lower than expected jobless claims, American International Group (NYSE: AIG - news) reported first quarter losses in excess of market expectations helping to send post-session trade into the red.
At 8.08 a.m., the DAX 30 (Xetra: news) index was indicated to open around 51 points lower at 7,020.63. Yesterday, it closed down 4.35 points, or 0.06 percent, at 7,071.90.
FORTHCOMING EVENTS
TODAY
German April producer price index
German March industrial sales index
SATURDAY & SUNDAY
nothing schedule
MONDAY
public holiday, bourse open at regular hours
TODAY'S HEADLINES
-RWE (Xetra: 703712 - news) refrains from bid for British Energy (LSE: BGY.L - news) - report (Handelsblatt)
-Siemens (Xetra: 723610 - news) to seek damages from former management - report (WirtschaftsWoche)
-Financial investor to sell German truck supplier Jost - report (Financial Times Deutschland)
-WPP (LSE: WPP.L - news) remains interested in TNS (NYSE: TNS - news) , even if fusion with GfK (Xetra: 587530 - news) will take place - CEO (Frankfurter Allgemeine Zeitung)
-Siemens CEO says there will be no holding under his leadership (Focus)
-Supermarkets Plus, Edeka to sell off some 400 outlets to appease cartel office - report (Welt)
COMPANY NEWS
-Munich Re not interested in RBS (LSE: RBS.L - news) insurance operations - CEO
-LINDE Q1 SALES 2.917 BLN EUROS VS 2.860 BLN; CONSENSUS 3.022 BLN
-LINDE Q1 OPG PROFIT 602 MLN EUROS VS 569 MLN; CONSENSUS 626.3 MLN
-LINDE Q1 NET 160 MLN EUROS VS 445 MLN; CONSENSUS 138.1 MLN
-LINDE CONFIRMS FULL-YEAR TARGETS
-ALLIANZ SAYS WILL BE HARD TO ACHIEVE MID-TERM TARGETS IN CURRENT ENVIRONMENT
MACROECONOMIC NEWS
-GERMAN APRIL WPI UP 0.6 PCT FROM MARCH, UP 6.9 PCT YEAR-ON-YEAR
MARKET SENTIMENT
-DEUTSCHE POSTBANK DOWNGRADED TO 'NEUTRAL' FROM 'BUY' AT UBS - TRADERS
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