Friday, March 28, 2014

German stocks - Factors to watch on March 28

FRANKFURT, March 28 Fri Mar 28, 2014 3:28am EDT





<span id="articleText"/> FRANKFURT, March 28 (Reuters) - The DAX top-30 index looked set to open 0.1 percent higher on Friday, according to premarket data from brokerage Lang & Schwarz at 0721 GMT.



<span id="midArticle_0"/> The following are some of the factors that may move German stocks:



<span id="midArticle_1"/><span id="midArticle_2"/> DAIMLER, BMW



<span id="midArticle_3"/> Daimler indicated 0.1 percent higher



<span id="midArticle_4"/> BMW indicated unchanged



<span id="midArticle_5"/> Mercedes-Benz has the lowest recall rate for its vehicles and BMW was the quickest to commence a recall campaign, a long-term study of safety recalls in the United States showed.



<span id="midArticle_6"/> BMW is set to make an announcement on Friday about building a new product. Last week Reuters reported BMW plans to build the X7, a large crossover vehicle with three rows of seats, in South Carolina.



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<span id="midArticle_8"/><span id="midArticle_9"/> DEUTSCHE BANK, COMMERZBANK



<span id="midArticle_10"/> Deutsche indicated 0.3 percent higher



<span id="midArticle_11"/> Commerzbank indicated 0.5 percent higher



<span id="midArticle_12"/> German banks would not favour including legal costs in upcoming stress tests on European lenders, the head of a German banking association said, after the U.S. Federal Reserve pointed out those risks in its health check of lenders.



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<span id="midArticle_14"/><span id="midArticle_15"/> DEUTSCHE WOHNEN



<span id="midArticle_0"/> Indicated 0.6 percent higher



<span id="midArticle_1"/> The German real estate company said it expected funds from operations (FFO) of at least 210 million euros in 2014. POll:



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<span id="midArticle_3"/><span id="midArticle_4"/> ELRINGKLINGER



<span id="midArticle_5"/> Indicated 0.2 percent higher



<span id="midArticle_6"/> The car parts maker said 2013 earnings before interest and taxes (EBIT) rose to 160.4 million euros from 135.8 million a year earlier. Adjusted EBIT is expected at 160-165 million euros in 2014.



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<span id="midArticle_8"/><span id="midArticle_9"/> SALZGITTER



<span id="midArticle_10"/> Indicated 0.1 percent higher



<span id="midArticle_11"/> Annual results press conference. The company last month said its pretax loss widened to 477.8 million euros due to restructuring costs.



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<span id="midArticle_13"/><span id="midArticle_14"/> MANZ



<span id="midArticle_15"/> Indicated 0.8 percent higher



<span id="midArticle_0"/> The manufacturing machines maker said it sees significant improvement in 2014 EBIT after reporting 2013 EBIT of 3.1 million euros.



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<span id="midArticle_2"/><span id="midArticle_3"/> NEMETSCHEK



<span id="midArticle_4"/> Indicated 0.3 percent higher



<span id="midArticle_5"/> The maker of software for the construction industry said it expected an EBITDA margin of 23-25 percent in 2014 after reporting that 20213 EBITDA rose to 46.3 million euros for a margin of 24.9 percent.



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<span id="midArticle_7"/><span id="midArticle_8"/> STRATEC BIOMEDICAL



<span id="midArticle_9"/> Indicated 2.1 percent higher



<span id="midArticle_10"/> The group said its earnings before interest and tax (EBIT) increased by 10.8 percent to 19.5 million euros last year, adding it was planning to increase its dividend.



<span id="midArticle_11"/> Related news



<span id="midArticle_12"/><span id="midArticle_13"/> XING



<span id="midArticle_14"/> Indicated 0.7 percent lower



<span id="midArticle_15"/> The group late on Thursday said it proposed a dividend of 0.62 eur/shr as well as a special dividend of 3.58 eur/shr.



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<span id="midArticle_1"/><span id="midArticle_2"/> HAWESKO



<span id="midArticle_3"/> Indicated unchanged



<span id="midArticle_4"/> The company said it was planning to keep its dividend stable and pay 1.65 euros per share for 2013.



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<span id="midArticle_6"/><span id="midArticle_7"/> STROEER



<span id="midArticle_8"/> Indicated 2.3 percent higher



<span id="midArticle_9"/> The outdoor advertising company said 2013 operating EBITDA rose 10.3 percent to 118 million euros, just above the 116 million euro poll average.



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<span id="midArticle_11"/><span id="midArticle_12"/> OVERSEAS STOCK MARKETS



<span id="midArticle_13"/> Dow Jones -0.03 pct, S&P 500 -0.2 pct, Nasdaq -0.5 pct at Thursday's close.



<span id="midArticle_14"/> Nikkei +0.5 pct at Friday's close.



<span id="midArticle_15"/><span id="midArticle_0"/> GERMAN ECONOMIC DATA



<span id="midArticle_1"/> February import prices -0.1 pct m/m and -2.7 pct y/y.



<span id="midArticle_2"/> Preliminary March HICP due at 1300 GMT, seen at 1.0 pct y/y and at 0.4 pct m/m.



<span id="midArticle_3"/> Preliminary March CPI due at 1300 GMT, seen at 0.4 pct m/m and at 1.1 pct y/y.



<span id="midArticle_4"/><span id="midArticle_5"/> EUROPEAN FACTORS TO WATCH



<span id="midArticle_6"/> DIARIES



<span id="midArticle_7"/> REUTERS TOP NEWS (Reporting by Edward Taylor, Christoph Steitz and Ludwig Burger)



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