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German stocks - Factors to watch on February 24
February 24, 2017 / 5:54 AM / 9 months ago

German stocks - Factors to watch on February 24

FRANKFURT, Feb 24 (Reuters) - The DAX top-30 index looked set to open 0.2 percent lower on Friday, according to premarket data from brokerage Lang & Schwarz at 0710 GMT.

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

BASF

Indicated 0.3 percent higher

The world’s largest chemicals group by sales forecast it would return to earnings growth this year after higher petrochemical prices bolstered fourth-quarter profit.

VOLKSWAGEN

Indicated 0.1 percent higher

Supervisory expected to meet to discuss 2016 results.

RHOEN-KLINIKUM

Indicated 2.1 percent lower

The company warned its 2017 EBITDA may be clearly lower in 2017 as organic growth will be modest.

STADA

Indicated 0.2 percent higher

Advent offered 58 euros per share, plus a company dividend for 2016. The buyout firm further said it supports management and has no plans to break up the business.

NORDEX

Indicated 2.4 percent higher

Nordex lowered its revenue expectation for 2017 to between 3.1 and 3.3 billion euros, due to slower business in Brazil, India and South Africa.

EX-DIVIDEND

BERTRANDT - dividend 2.50 eur/shr

OVERSEAS STOCK MARKETS

Dow Jones +0.2 pct, S&P 500 unchanged, Nasdaq -0.4 pct at close.

Nikkei -0.5 pct, Shanghai stocks +0.1 pct.

Time: 7.11 GMT.

GERMAN ECONOMIC DATA

No economic data scheduled.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS ($1 = 0.9483 euros) (Reporting by Edward Taylor and Harro ten Wolde)

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