German stocks - Factors to watch on March 10

Mon, 10 Mar - 5:18pm

FRANKFURT, March 10 (Reuters) - The DAX top-30 index

.GDAXI looked set to open 0.8 percent lower on Monday, according to premarket data from brokerage Lang & Schwarz at 0711 GMT.

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

ALLIANZ ALVG.DE

Indicated 0.7 percent lower

Credit rating agency Moody's affirmed Allianz's insurance financial strength rating and senior debt rating and changed the outlook on both ratings to "stable" from "negative".

News Search ID:nMDY5dSHcp

Related news Href="NewsSearch">ALVG.DE-E

DAIMLER DAIGn.DE

Indicated 0.7 percent lower

British engineering company Rolls-Royce RR.L said on Friday it would buy the German carmaker's 50 percent stake in a jointly owned power systems company. News Search ID:nL6N0M43CV

Separately, the German carmaker reduced its stake in carbon fibre joint venture Euro Advanced Carbon Fiber Composites to 5 percent from 44.9 pct at the end of last year, the company confirmed to daily Handelsblatt.

Related news Href="NewsSearch">DAIGn.DE-E

CONTINENTAL CONG.DE

Indicated 0.3 percent lower

The auto parts and tyre maker said on Saturday it would distribute 120 million euros among its employees worldwide as a success bonus for 2013, up from 100 million the previous year.

Related news Href="NewsSearch">CONG.DE-E

DEUTSCHE BANK DBKGn.DE

Indicated 0.6 percent lower

Deutsche Bank denied a report in the Frankfurter Allgemeine Zeitung on Friday that claimed a senior bank official knew of alleged currency market manipulation efforts as far back as 2006. News Search ID:nL6N0M43X9

Related news Href="NewsSearch">DBKGn.DE-E

VOLKSWAGEN VOWG_p.DE

Indicated 0.5 percent lower

Sweden's Economic Crime Authority is investigating eight suspected cases of insider trading in Scania SCVb.ST shares in connection with majority owner Volkswagen's offer to buy out other shareholders in the Swedish truck maker. News Search ID:nL6N0M41DR

Related news Href="NewsSearch">VOWG_p.DE-E

DEUTSCHE WOHNEN DWNG.DE , GSW GIBG.DE

Deutsche Wohnen indicated 0.5 percent lower

GSW indicated 7 percent higher

Deutsche Wohnen is preparing a domination agreement for the remaining small shareholders in GSW.

Related news Href="NewsSearch">DWNG.DE-E

HOCHTIEF HOTG.DE

Indicated 0.1 percent higher

German builder Hochtief AG plans to spend over $1 billion to lift its majority stake in Australia's Leighton Holdings Ltd

LEI.AX , seeking to push through restructuring at a business that already delivers most of Hochtief's profit. News Search ID:nL3N0M60SH

Related news Href="NewsSearch">HOTG.DE-E

SGL SGCG.DE

Indicated 1.3 percent lower

Final 2013 results due. The company last month said it expected a loss of almost 400 million euros for 2013 and would not pay a dividend for the year, citing weakness at its main graphite electrodes business. News Search ID:nL6N0LP4OD

Related news Href="NewsSearch">SGCG.DE-E

SYMRISE SY1G.DE

Indicated 1.2 percent lower

The world's fourth-largest scents and flavours company, saw core earnings grow 10 percent in 2013 as an expansion of its menthol production was absorbed by the market and amid strong business in North and Latin America. News Search ID:nASM0005XJ Poll:

News Search ID:nL6N0M246Z

Separately, Diana Group, a French food ingredient maker owned by AXA's AXAF.PA private equity arm, has attracted bids worth more than 1.2 billion euros including debt from Germany's Symrise and Japanese seasoning maker Ajinomoto 2802.T , the Financial Times reported on Monday.

Related news Href="NewsSearch">SY1G.DE-E

ANALYSTS' VIEWS:

DEUTSCHE TELEKOM DTEGn.DE - Jefferies cuts to "hold" from "buy"

OVERSEAS STOCK MARKETS

Dow Jones .DJI +0.2 pct, S&P 500 .SPX +0.05 pct, Nasdaq

.IXIC -0.4 pct at Friday's close. News Search ID:nL1N0M426K

Nikkei .N225 -1.0 pct at Monday's close. News Search ID:nL3N0M71O4

EUROPEAN FACTORS TO WATCH Href="NewsSearch">WATCH/EU

DIARIES Href="NewsSearch">DE/DIA Href="NewsSearch">WEU/EQUITY

REUTERS TOP NEWS TOP/NEWS

(Reporting by Harro ten Wolde, Jonathan Gould, Christoph Steitz and Victoria Bryan)

((Frankfurt newsroom)(+49 69 7565 1270))

Keywords: GERMANY MARKETS STOCKS

URN: 
urn:newsml:reuters.com:20140310:nL6N0M43I2:3
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