Wednesday October 14, 07:41 AM
German stocks - Factors to watch on October 14
FRANKFURT, Oct 14 (Reuters) - The DAX top-30 index looked set to open 1.5 percent higher on Wednesday, according to premarket data from brokers at 0615 GMT.
The following are some of the factors that may move German stocks on Wednesday
(share price indications at 0612 GMT):
INFINEON
Indicated 4.9 percent higher
Peer Intel reported quarterly results above expectations, sending shares higher and fueling optimism about a tech sector recovery.
Related news
RWE (Xetra: 703712 - news)
Indicated 0.5 percent higher
RWE might not bid for Polish utility ENEA (Stockholm: ENEA.ST - news) as it considers the price which the Polish government wants to charge too high, German paper Handelsblatt reported, citing people familiar with the negotiations.
Related news
DEUTSCHE BANK (Xetra: 514000 - news)
Indicated 1.3 percent higher
The Dutch government is unlikely to find an alternative to selling its ABN AMRO (Amsterdam: AABA.AS - news) assets to Deutsche Bank before the Oct. 19 deadline, European Competition Commissioner Neelie Kroes said.
Related news
ALLIANZ
Indicated 1.6 percent higher
Allianz wants to expand cooperation with the car industry globally, board member Karl-Walter Gutberlet told Frankfurter Allgemeine Zeitung.
Related news
DEUTSCHE TELEKOM (Xetra: 555750 - news) , TELEGATE
Indicated 0.7 percent higher
Telegate (Xetra: 511880 - news) indicated 0.1 percent higher
Deutsche Telekom won two cases in the appeals court in a legal dispute with call centre service provider Telegate over data fees.
Related news,
HEIDELBERGER DRUCK (Xetra: 731400 - news)
Indicated 0.8 percent higher
Heidelberg's chief executive told Frankfurter Allgemeine Zeitung banks would not support additional risks that any potential cooperation or merger would entail but declined to comment on talks with Manroland.
Related news
EADS (EAD.NX - news)
Indicated 1 percent higher in Frankfurt
Europe should beef up support for industry and put its exporters first after the global financial crisis exposed the 'mirages of speculation,' the head of Airbus (Paris: NL0000235190 - news) parent EADS said in remarks published on Wednesday.
Related news
FREENET (Xetra: A0EAMM - news)
Indicated 0.5 percent lower
Mobile phone provider freenet sees a continued revenue decline in the sector, Chief Exceutive Christoph Vilanek told German business daily Handelsblatt.
Related news
SUEDZUCKER (Xetra: 729700 - news) , CROPENERGIES
Suedzucker indicated 1 percent higher
CropEnergies (Frankfurt: A0LAUP - news) indicated 8.1 percent higher
Suedzucker unit CropEnergies said H1 2009/10 sales rose by 26 percent to 184.3 million euros ($273.2 million), adding it expects sales to grow significantly in the 2009/2010 financial year compared with the previous year.
Related news
OVERSEAS STOCK MARKETS
Dow Jones (news) -0.2 pct, S&P 500 -0.3 pct, Nasdaq (NASDAQ: news) +0.04 pct.
Nikkei (news) -0.2 pct.
GERMAN ECONOMY
Leading economic research institutes expect Europe's biggest economy to grow by 1.3 percent next year, a German newspaper reported on Tuesday.
European Factors to watch
Diaries
Reuters Top News
(Reporting by Nicola Leske and Christoph Steitz) ($1=.6746 Euro) Keywords: MARKETS GERMANY STOCKS =2 FRANKFURT Keywords: MARKETS GERMANY STOCKS =2 FRANKFURT
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