FRANKFURT Feb 22 The DAX top-30 index
looked set to open 0.3 percent higher on Wednesday, according to
premarket data from brokerage Lang & Schwarz at 0733 GMT.
The following are some of the factors that may move German
BMW indicated 0.1 percent higher
Daimler indicated 0.6 percent higher
Volkswagen indicated 0.2 percent higher
A trade association representing carmakers including
Volkswagen on Tuesday asked new U.S. Environmental Protection
Agency chief Scott Pruitt to withdraw an Obama administration
decision to lock in vehicle emission rules through 2025.
Separately, the Economic Times cited sources as saying Tata
Motors and Volkswagen were at an advanced stage of
finalising a partnership. An announcement could be made at the
Geneva auto show next month, it said.
Indicated 0.1 percent lower
Bayer said it expected a mid-single digit percentage
increase in adjusted core earnings for 2017, helped by fast
growing revenues from stroke prevention pill Xarelto.
Indicated 0.1 percent higher
Deutsche Boerse and the London Stock Exchange are
planning further concessions to satisfy the European
Commission's concerns about their planned merger, two sources
familiar with the matter said on Tuesday.
DEUTSCHE POST, DEUTSCHE TELEKOM
Deutsche Post indicated unchanged
Deutsche Telekom indicated unchanged
The German government is mulling reducing or selling
entirely its holdings in Deutsche Post, Deutsche Telekom and
rail operator Deutsche Bahn, Handelsblatt reported, citing an
internal report to be looked at by the cabinet on Wednesday.
Indicated 0.7 percent higher
The healthcare group reported a 6 percent rise in net income
to 439 million euros, falling slightly short of analyst
consensus for an 8.5 percent increase, and laid out 2020
FRESENIUS MEDICAL CARE
Indicated 0.1 percent lower
The world's largest kidney dialysis provider said it
expected its net income growth to come to between 7 and 9
percent this year, after a 21 percent jump last year.
Indicated 2.2 percent lower
The utility said it would resume dividend payments only next
year, dashing hopes for a return to payouts this year. For 2017,
it will pay 0.50 euros per common share.
Indicated 3.5 percent higher
Ternium SA has agreed to buy 100 percent of
ThyssenKrupp's Brazilian mill CSA for 1.26 billion euros, ending
five years of unsuccessful efforts by the German company to exit
Latin America's largest economy. Ternium will also assume around
300 million euros that CSA owes to Brazil state development bank
Down 2.2 percent in early Frankfurt trade
European aerospace group Airbus took a new 1
billion euros charge for its troubled A400M military aircraft
programme as it posted higher than expected core earnings and
revenues for 2016.
Indicated 1.3 percent lower
Deutsche Wohnen said its funds from operations rose 26
percent to 384 million euros last year, said it will issue 800
million euros in convertible bonds and announced a capital
increase of 500 million euros to refinance its debt and fund new
Indicated 1.6 percent higher
The out-of-home advertising group said it now expected its
2017 revenues to rise to around 1.3 billion euros, from 1.12
billion last year, compared with previous guidance for between
1.2 billion and 1.3 billion.
Up 3.5 percent in early Frankfurt trade
Telefonica Deutschland raised its target for synergies from
its acquisition of E-Plus, after reporting better-than-expected
core profit for the fourth quarter.
Indicated 1 percent higher
The photo finishing group said its 2016 operating profit
jumped 29 percent to 47 million euros, with sales up 7 percent.
Indicated 0.2 percent higher
The group said it expected to continue growing this year, as
it reported a 6 percent gain in 2016 operating profit.
The fashion group said it posted EBITDA of 10.3 million
euros and sales 968.5 million euros last year. The loss for the
year amounts to around 73 million euros, including one-off
expenses amounting to 80.9 million euros.
ANNUAL GENERAL MEETINGS
DEUTSCHE BETEILIGUNGS AG - 1.20 eur/shr dividend
ALLIANZ - Berenberg cuts to "hold" from "buy",
raises target price to 175 euros from 157 euros
OVERSEAS STOCK MARKETS
Dow Jones +0.6 pct, S&P 500 +0.6 pct, Nasdaq
+0.5 pct at close.
Nikkei unchanged, Shanghai stocks +0.2 pct.
Time: 7.38 GMT.
GERMAN ECONOMIC DATA
German Ifo sentiment index for February due at 0900 GMT.
Business climate seen at 109.6 points vs 109.8, current
conditions at 116.7 vs 116.9, expectations at 103.0 vs 103.2.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
(Reporting by Edward Taylor and Maria Sheahan)