Tuesday, July 3, 2012

German stocks-factors to watch on 2 July

The top 30 index DAX seemed to open up 0.1 percent higher on Monday, according to Premarket data brokerage Lang & Schwarz 0607 GMT.

The following are some of the factors that can move German stock:

LINDE

Indicated below 0.3

The industrial gas producer said Sunday agreed to pay $4,60 billion to Lincare Holdings Inc., a supplier of respiratory therapy services and oxygen Florida patients at home.

Headlines

FRESENIUS, RHOEN KLINIKUM AG

Fresenius indicated 0.1 percent lower

Rhoen Klinikum indicated 9.7 per cent lower

Fresenius of Germany failed to win the minimum acceptance among shareholders of Rhoen Klinikum AG for the takeover bid, suffering a defeat in his attempt to create a national network of private hospitals.

Rhoen Klinikum said it was not yet clear how much advice and other costs linked to its TAKEOVER effort weigh gains and added that it is still planned to play an active role on the hospital market consolidation.

Headlines

MAN, DAIMLER

MAN 0.1 percent indicated below

Daimler reported 0.1 percent lower

Fiat's truck unit Iveco Industrial closes five truck plants in three European countries by the end of 2012 to adapt its manufacturing footprint to truck sales collapse of Europe, CEO of Iveco Alfredo Altavilla said Sunday.

Headlines

BMW

Designated 0.3 percent lower

BMW plans to recruit thousands of permanent staff after cutting the number of temporary workers by half, a German magazine reported on Saturday.

Headlines

SIEMENS

Designated 0.1 percent higher than

Michael Suess, Member of the Board of Directors of Siemens Energy Division Chief, called for a radical reform of the German law on renewable energy Mon Sueddeutsche Zeitung, saying AIDS were good to kick things off, but then had to stop.

Headlines

DEUTSCHE POST

Indicated 0.5 percent lower

Post will examine this year if conditions allow to raise prices for the e-mail service next year, after years of stable prices, the Chief Financial Officer Larry Rosen told Frankfurter Allgemeine Sonntagszeitung.

Headlines

THYSSENKRUPP

Designated 0.2 percent lower

The Federal Cartel Office will unveil fines in July in a lengthy probe of price-fixing in steel rails, the Sueddeutsche Zeitung reported, adding that the Thyssen faces a fine of millions of euros.

Headlines

TUI

Designated 0.3 percent higher than

German company Hamburg mentioned would be a merger partner "ideal" to help the rival vault Hapag-Lloyd in his level of shipping companies, a major shareholder of Hapag-Lloyd told Wirtschaftswoche magazine.

Headlines

MTU AERO ENGINES

Designated 0.3 percent higher than

MTU Aero Engines, said Friday that it has increased its participation in the program of engine piston inside the IAE Consortium four-party which also includes Pratt & Whitney, Rolls-Royce and Japanese Aero Engine Corporation. The pole has risen to 16 percent from 11 percent, he said.

Headlines

BANKS

State-backed lender WestLB German was broken up in time to meet a deadline imposed EU July 1, with its former owners hoping to draw a line under years of loss and controversy in what was once the country's largest landesbank.

Separately, Vice President of Bundesbank Sabine Lautenschlaeger said Focus magazine that German banks are more resilient now that they were in the last crisis, having cut the risks and built their capital position and liquidity of equity.

OVERSEAS MARKETS

Dow Jones up 2.2 pct, S & P 500 up 2.5 pct, Nasdaq up 3 pct at Friday's close.

Nikkei closed up 0.04 PCT.

GERMAN ECONOMIC DATA

EUROPEAN FACTORS TO WATCH

DIARIES

TOP NEWS by REUTERS (Marilyn Gerlach and Jonathan Gould)


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