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German stocks - Factors to watch on May 30
May 30, 2012 / 5:17 AM / 6 years ago

German stocks - Factors to watch on May 30

FRANKFURT, May 30 (Reuters) - The DAX top-30 index looked set to open 0.4 percent lower on Wednesday, according to premarket data from brokerage Lang & Schwarz at 0629 GMT. The following are some of the factors that may move German stocks:

DEUTSCHE POST

Indicated 0.5 percent lower

The German government will require the mail service operator to pay back 298 million euros ($373.6 million) in state aid including interest in order to comply with an EU ruling from earlier this year.

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DEUTSCHE BOERSE

Indicated 1.6 percent higher

The company plans to buy back shares worth 100 million euro by the end of July 2012.

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DEUTSCHE LUFTHANSA

Indicated 0.2 percent lower

A German newspaper reported management at the airline’s catering unit LSG Sky Chiefs presented labour leaders with a plan to cut 985 jobs at 10 different sites in Germany, the bulk affecting Frankfurt.

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ANNUAL GENERAL MEETINGS

STADA - proposed dividend 0.37 eur/shr

BAYWA - proposed dividend 0.60 eur/shr

OVERSEAS STOCK MARKETS

Dow Jones +1 pct, S&P 500 +1.1 pct, Nasdaq +1.2 pct at Tuesday’s close.

Nikkei -0.8 pct at 0513 GMT.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS ($1 = 0.7977 euros) (Reporting by Christiaan Hetzner and Harro ten Wolde)

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