March 7, 2014 / 7:23 AM / 3 years ago

German stocks - Factors to watch on March 7

FRANKFURT, March 7 (Reuters) - The DAX top-30 index looked set to open 0.1 percent lower on Friday, according to premarket data from brokerage Lang & Schwarz at 0722 GMT.

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

DAIMLER

Indicated 0.2 percent lower

The company expects to turn a profit with trucks in India in 2017, board member Wolfgang Bernhard told Frankfurter Allgemeine Zeitung in an interview published on Friday.

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SIEMENS

Indicated 0.2 percent lower

The company plans to increase investment in the United States and hire more workers in the country, Chief Executive Joe Kaeser told Handelsblatt, without being more specific.

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EVONIK

Indication not available

German diversified chemicals maker Evonik plans to top up its annual dividend by almost 9 percent even after sounding a cautious note about this year's earnings outlook.

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FRAPORT

Indicated 1.8 percent lower

Fraport, the operator of Frankfurt airport, said on Friday it expected net profit to rise slightly in the current year after falling more than 6 percent in 2013, as passenger growth improves.

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GAGFAH

Indicated 0.1 percent lower

German real estate group Gagfah SA said on Thursday that Gerhard Zeiler would replace Jonathan Ashley as chairman, reducing the number of directors affiliated with former majority shareholder Fortress to two, from three.

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GEA GROUP

Indicated 0.1 percent lower

Due to issue its annual report, preliminary figures already known.

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AIRBUS

Indication not available in Frankfurt

China's Juneyao Group, the parent of Juneyao Airlines, is in talks with planemaker Boeing and Airbus about acquiring more than 20 more planes in a deal that may be worth more than $1.8 billion, its chairman said on Thursday.

Separately, Airbus has ordered more frequent inspections of the wings of the world's largest passenger jet after discovering unexpected levels of metal fatigue during testing on an A380 factory mock-up, industry sources said on Thursday.

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ENBW

Indication not available

Due to present annual results.

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IKB

Trading 1.2 percent higher in early Frankfurt trade

German lender IKB said if bank regulators allow it to count some assets and its interim group profit toward a calculation of its equity position, IKB would be able to report it had a common equity tier 1 capital ratio of 9.1 percent on December 31, 2013.

IKB further said its consolidated net income for the first nine months ending December 31, 2013 was 39 million euros.

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OVERSEAS STOCK MARKETS

Dow Jones +0.4 pct, S&P 500 +0.2 pct, Nasdaq -0.1 pct at Thursday's close.

Nikkei +0.9 pct at Friday's close.

GERMAN ECONOMIC DATA

January wholesale prices down 0.1 pct in January.

January industrial output expected at 1100 GMT, seen at +0.7 percent m/m.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS ($1 = 0.7225 euros) (Reporting by Edward Taylor and Christoph Steitz)

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