Thursday September 18, 07:23 AM
German stocks - Factors to watch on Sept 18
FRANKFURT, Sept 18 (Reuters) - The following are some of the factors that may move German stocks on Thursday:
GERMAN BANKS
Washington Mutual (NYSE: WM - news) , the giant U.S. savings and loan company beleaguered by mortgage losses, has put itself up for sale, sources familiar with the matter said.
Morgan Stanley (NYSE: MS - news) is considering a merger with Wachovia (AWO - news) or another bank, according to people briefed on discussions.
Related news
DEUTSCHE POST (Xetra: 555200 - news)
German mail and logistics group Deutsche Post will lose a tax advantage it enjoys against competitors, according to a new draft law drawn up by the Finance Ministry.
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HOCHTIEF
Leighton Holding has completed an A$700.0 million share sale. The proceeds are being used to fund expansion in contract mining in India, Indonesia and Australia. The majority of Leighton is owned by Hochtief (Xetra: 607000 - news) .
Related news
RWE (Xetra: 703712 - news)
RWE CEO Juergen Grossmann aims to break worker opposition to the reorganisation of RWE Systems using legal moves, German daily Handelsblatt reported.
Related news
VOLKSWAGEN (Xetra: 766400 - news)
Holger Haerter, the chief financial officer of VW's main shareholder, Porsche (Xetra: 693773 - news) , has raised the prospect of setting up a controlling and profit transfer agreement for VW in a meeting with parliamentarians, the Hannoversche Allgemeine Zeitung reported. A Porsche spokesman said Haerter was only talking about theoretical possibilities, the paper said.
Separately, Die Welt newspaper quoted VW commercial vehicles division chief Stephan Schaller as saying he expected record sales of over 500,000 vehicles this year, although the second half of the year probably would be slower than the first.
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OVERSEAS STOCK MARKETS
Dow Jones (news) -4.06 pct, S&P 500 -4.71 pct, Nasdaq (NASDAQ: news) +4.94 pct.
Nikkei (news) +1.9 pct at 0554 GMT.
European factors to watch
Diaries
Reuters TOP NEWS
(Reporting by Tyler Sitte) Keywords: MARKETS GERMANY STOCKS/
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