Wednesday February 18, 07:39 AM
German stocks - Factors to watch on Feb 18
FRANKFURT, Feb 18 (Reuters) - The DAX top-30 index looked set to open 0.3 percent higher on Wednesday, according to pre-market data from brokers at 0720 GMT.
The following are some of the factors that may move German stocks on
Wednesday (share price indications at 0720 GMT):
COMMERZBANK
Indicated 5.5 percent higher
Commerzbank (Xetra: 803200 - news) reported a smaller-than-expected Q4 operating loss of 822 million euros and said 2009 would be difficult.
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MERCK KGaA (MKGAY.PK - news)
Indicated 3.4 percent lower
Merck reported a smaller-than-expected Q4 core operating profit of 306 million euros and said it cannot give an outlook for 2009.
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ALLIANZ
Indicated unchanged
Allianz unit Euler Hermes (Paris: FR0004254035 - news) reported a Q4 net loss of around 68 million euros and cut its dividend after being hit by claims linked to the collapse of UK retailer Woolworths (Munich: 886853 - news) .
See also
Related news
INFINEON
Indicated 2.2 percent higher
Infineon (Xetra: 623100 - news) expects its results to start better reflecting demand from next quarter, as its customers reduce chip inventories and have to start stocking up again, its chief executive told Reuters in an interview.
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THYSSENKRUPP
Indicated 0.2 percent lower
ThyssenKrupp (Xetra: 750000 - news) is preparing to shorten working hours in its services division, it said on Tuesday.
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E.ON, RWE (Xetra: 703712 - news)
E.ON indicated 0.8 percent higher
RWE indicated 0.4 percent higher
Slovak lawmakers approved legal changes on Tuesday, giving the state tighter control over gas reserves as the country seeks to prevent a repeat of the supply crisis that hurt its economy at the start of this year.
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HYPO REAL ESTATE (Xetra: 802770 - news)
Indicated 6.5 percent higher
The German government agreed a draft law to increase aid for struggling banks which would enable the state to seize private property for the first time in postwar history, government sources said on Tuesday.
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CONTINENTAL (Frankfurt: CONC.F - news)
Indicated 1.2 percent lower
Schaeffler's CFO is to step down under pressure from banks, the Financial Times Deutschland newspaper reported, without citing sources. Schaeffler could not immediately be reached.
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MLP
Indicated 1.1 percent lower
MLP (Xetra: 656990 - news) said it is cautiously optimistic about 2009 and aims to perform better than the market.
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PUMA
Indicated 0.2 percent higher
Puma (Frankfurt: PUMV.F - news) reports Q4 results. EBIT seen at 48 million euros.
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INTERHYP
Interhyp (Xetra: 512170 - news) reported 2008 EBIT of 12.5 million euros, below market expectations.
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HOMAG
Indicated 6.7 percent lower
Homag says it faces a more pronounced drop in sales in 2009 than it predicted in November but still expects a 'significant' net profit in fiscal 2009.
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ELMOS
Indicated 1.6 percent lower
Elmos reported an 8.4 percent rise in 2008 EBIT to 16.5 million euros, beating market expectations.
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HEIDELBERG CEMENT
Indicated 1.0 percent higher
The Merckle family and a group of creditor banks have chosen a Cologne-based lawyer to oversee family investment vehicle VEM's holdings, several sources familiar with the situation told Reuters on Tuesday.
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GPC BIOTECH (Xetra: 585150 - news)
Indicated 28.9 percent higher
GPC Biotech will merge with privately held Agennix.
Related news
BERTRANDT
Indicated 0.3 percent lower
AGM; proposed dividend 1.4 eur/shr.
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OVERSEAS STOCK MARKETS
Dow Jones (news) -3.8 pct, S&P 500 -4.6 pct, Nasdaq (NASDAQ: news) -4.2 pct.
Nikkei (news) -1.5 pct.
European factors to watch
Diaries
Reuters TOP NEWS
(Reporting by Jonathan Gould and Peter Starck)
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