FRANKFURT Oct 10 The DAX top-30 index
looked set to open 0.2 percent higher on Monday, according to
premarket data from brokerage Lang & Schwarz at 0607 GMT.
The following are some of the factors that may move German
German police said on Monday they had captured a man
suspected of planning a bomb attack who had slipped through
their grasp during a raid two days ago.
A defiant Donald Trump on Sunday attacked former President
Bill Clinton for his treatment of women and vowed, if he won the
White House, to put Hillary Clinton in jail for operating a
private email server while U.S. secretary of state.
Euro zone inflation could approach the ECB's target by late
2018 or early 2019 and so far there is no evidence that
super-easy monetary policy is leading to asset price bubbles,
European Central Bank President Mario Draghi said on Saturday.
Indicated 0.1 percent higher
The chemicals company plans to step up checks of its
suppliers after problems with the quality of some materials
caused a delay to the ramp-up of its TDI plant in Germany, daily
Mannheimer Morgen reported.
Indicated 0.3 percent higher
Bayer will not seek to impose genetically modified plants on
European consumers in the wake of its merger with Monsanto,
Chief Executive Werner Baumann told Sueddeutsche Zeitung.
Indicated 3.6 percent lower
Deutsche Bank has secured support from its largest
shareholder and more German lawmakers as it grapples with a
confidence crisis following U.S. authorities' demands for up to
$14 billion to settle allegations it mis-sold mortgage-backed
The lender continues to cut the size of its 46 trillion
euros derivatives book, which is not as risky as investors may
believe, Chief Risk Officer Stuart Lewis told German weekly
paper Welt am Sonntag.
The group also issued its first US dollar-denominated bond
in five months on Friday when its raised US$3bn through a
five-year issue following reverse enquiry from investors, a
person close to the deal told IFR.
Deutsche Bank's problems stem from an over-reliance on
investment banking, Mohamed El-Erian, the former co-chief
executive of Allianz investment division Pimco told
Indicated 0.7 percent higher
Deutsche Post DHL remains committed to Britain despite its
vote to leave the European Union and so far it has been business
as usual for its customers, the company's finance chief told
Indicated 0.2 percent higher
Linde, the world's biggest industrial gases group by
revenue, plans to cut costs and may and may close some sites
abroad after failing to merge with U.S. rival Praxair, German
weekly Spiegel reported.
RWE indicated 0.8 percent higher
Innogy indicated 0.3 percent higher
Innogy is eyeing the United States market to expand its
renewable energy and electric car charging business, its chief
executive told a German weekly Welt am Sonntag.
Indicated 0.4 percent higher
Chief Executive Matthias Mueller had no knowledge of the
carmaker's diesel emissions cheating scandal, Germany's Bild am
Sonntag newspaper said, citing a report by Jones Day, the
lawfirm tasked with investigating the scandal.
VW is recalling about 334,000 Volkswagen and Audi brand
vehicles in the United States and Canada in three separate
recalls, each due to fuel leaks but with different causes, U.S.
safety regulators and VW said on Friday.
Also, a U.S. congresswoman from California said this week in
a letter that a settlement with U.S. regulators gives Volkswagen
too much authority over how to spend $2 billion on electric
Indicated 0.3 percent higher
Australian unit CIMIC Group Ltd said on Monday it
will offer A$525 million ($398 million) for Australian rival UGL
Ltd, seizing on the target company's share-price
collapse amid a mining downturn.
Indicated 0.1 percent lower
The company said it had appointed Matthias Heiden as its new
finance chief effective March 1, 2017, succeeding Wilfried
RWE - HSBC raises to "h0old" from "reduce", raises
target price to 15 euros from 13.50 euros
INNOGY - HSBC starts with "hold" rating, 39 euros
OVERSEAS STOCK MARKETS
Dow Jones -0.2 pct, S&P 500 -0.3 pct, Nasdaq
-0.3 pct at close.
Japanese markets closed, Shanghai stocks +1.1 pct.
Time: 6.10 GMT.
GERMAN ECONOMIC DATA
German exports rebounded more than expected in August,
posting their biggest rise in more than six years and dispelling
fears that Europe's biggest economy is heading for a slowdown.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
($1 = 1.3187 Australian dollars)
(Reporting by Jonathan Gould, Edward Taylor and Maria Sheahan)