German stocks - Factors to watch on September 1
FRANKFURT, Sept 1 |
FRANKFURT, Sept 1 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.3 percent higher on Wednesday, according to premarket data from brokers Lang & Schwarz at 0612 GMT.
The following are some of the factors that may move German stocks (share price indications at 0609 GMT):
DEUTSCHE BANK (DBKGn.DE)
Indicated 0.8 percent higher
The company said on Wednesday its DWS Investments mutual funds unit has appointed Rajan Raju as CEO for Asia as well as global head, DWS Solutions. [ID:nSGC003736]
Related news [DBKGn.DE-E]
HENKEL (HNKG_p.DE)
Indicated 0.5 percent higher
Henkel is winning market share in cosmetics and toiletries and sees further growth through the end of the year, the board member responsible for that business, Hans Van Bylen, told the Frankfurter Allgemeine Zeitung.
Related news [HNKG_p.DE-E]
FRESENIUS MEDICAL CARE (FMEG.DE)
Indicated 0.1 percent higher
Holds capital markets day
Related news [FMEG.DE-E]
CONTINENTAL (CONG.DE)
Indicated unchanged
The German auto parts supplier plans to issue a bond in the next few days with a volume of 500 million euros to 1 billion euros ($632 million to $1.26 billion) to help refinance its debt pile, three financial sources told Reuters. [ID:nWEA6314]
Related news [CONG.DE-E]
TUI (TUIGn.DE)
Indicated 1.7 percent higher
The company's supervisory board is set to discuss at its meeting next week the possibility of whether to buy the remaining part of British unit TUI Travel (TT.L), business daily Financial Times Deutschland reported, citing no sources. [ID:nLDE68005X]
Related news [TUIGn.DE-E]
EADS (EAD.DE)
Indicated 0.1 percent lower in Frankfurt
Around 15 percent of all aviation jet fuel could be made from algae by 2025, though governments and oil firms should help industrialise the plant-derived biofuel, according to EADS' Chief Technical Officer Jean Botti. [ID:nLDE67U1E2]
Related news [EAD.PA-E]
AIR BERLIN (AB1.DE)
Indicated 1.1 percent higher
The airline has avoided a strike by pilots after reaching an agreement with pilots' union Cockpit over working conditions.
Related news [AB1.DE-E]
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.1 pct, S&P 500 .SPX +0.04 pct, Nasdaq .IXIC -0.3 at Tuesday's close. [ID:nN31261350]
Nikkei .N225 +1.2 pct. [ID:nTOE68005Y]
GERMAN ECONOMIC DATA
July retail sales fell 0.3 pct m/m and were up 0.8 pct y/y. This compares with a Reuters consensus of +0.5 pct m/m and +1.4 pct y/y. [ID:nBAF004237]
August Markit/BME Mfg PMI due 0753 GMT. Seen at 58.2, unchanged from the earlier month. ECONDE G7TODAY
EUROPEAN FACTORS TO WATCH [WATCH/EU]
DIARIES [DE/DIA] [WEU/EWQUITY]
REUTERS TOP NEWS [ID:NTOPNEWS]
(Reporting by Jonathan Gould and Christoph Steitz)
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