FRANKFURT, Dec 18 (Reuters) - The DAX top-30 index <.GDAXI>
looked set to open 0.3 percent lower on Tuesday, according to
pre-market data from brokers at 0710 GMT.
The following are some of the factors that may move German
stocks on Tuesday (share price indications at 0710 GMT):
DAIMLER <DAIGn.DE>
Indicated 0.7 percent lower
A shortage of cast parts has forced Daimler to curtail
temporarily the output of some cars and trucks in Germany.
[ID:nL17508507]
Related news [DAIGn.DE-E]
SIEMENS <SIEGn.DE>
Indicated 0.8 percent higher
The chairman and chief executive of Siemens met officials
from the U.S. Securities and Exchange Commission in Washington
on Monday to discuss a corruption probe into the German
industrial conglomerate. "It was a good conversation," a company
spokesman in Munich said. "This was the start of further direct
talks." [ID:nL17537943]
Related news [SIEGn.DE-E]
ARCANDOR <AROG.DE>
Indicated 2.3 percent higher
Arcandor is set to unveil results for the period to the end
of September.
It will report adjusted earnings before interest, tax and
writeoffs of above 500 million euros and sales just over 14
billion euros in the rump fiscal year, the Frankfurter
Allgemeine Zeitung newspaper reported, citing company sources.
[ID:nL17586634]
Related news [AROG.DE-E]
LANXESS <LXSG.DE>
Indicated 1.1 percent higher
Lanxess's 2007 dividend could reach up to 1 euro per share,
CEO Axel Heitmann told the Frankfurter Allgemeine Zeitung
newspaper. Lanxess paid a dividend of 25 euro cents per share
for 2006. Heitmann also said Lanxess would take part in industry
consolidation but declined to address directly recent
speculation that it would be interested in Swiss Clariant
<CLN.VX>. [ID:nWEB0858]
Related news [LXSG.DE-E]
FRAPORT <FRAG.DE>
Indicated 0.3 percent higher
The German state of Hesse is set to announce at 0900 GMT its
decision whether to let Fraport expand Frankfurt Airport.
Related news [FRAG.DE-E]
SOFTWARE AG <SOWG.DE>
Indicated 1.2 percent higher
Software raised its 2008 EBIT margin forecast to 23-24
percent and said it would reach 1 billion euros in annual
turnover earlier than the planned 2011. [ID:nL1858516]
Related news [SOWG.DE-E]
RESEARCH ALERTS
-- Lehman Brothers cut Allianz <ALVG.DE> to equal-weight
from overweight, cut price target to 175 euros from 195 euros,
dealers said.
Allianz indicated 0.6 percent lower
-- UBS raised Siemens <SIEGn.DE> price target to 135 euros
from 122 euros, rating buy, dealers said.
Siemens indicated 0.8 percent higher
-- Goldman Sachs cut E.ON <EONG.DE> to neutral from buy,
raised price target to 152 euros from 145 euros, dealers said.
E.ON indicated 0.3 percent lower
-- Goldman Sachs cut RWE <RWEG.DE> to sell from neutral,
price target 80 euros, dealers said.
RWE indicated 0.5 percent lower
-- Deutsche Bank restarted TUI <TUIGn.DE> with sell, price
target 16.10 euros, dealers said.
TUI indicated 0.2 percent lower
OVERSEAS STOCK MARKETS
Dow Jones <.DJI> -1.3 pct, S&P 500 <.SPX> -1.5 pct, Nasdaq
<.IXIC> -2.3 pct. [ID:nN17436869]
Nikkei <.N225> -0.3 pct. [ID:nT286708]
GAS PRICES
Gazprom <GAZP.MM>, the world's biggest natural gas company,
expects gas prices in Germany to rise to around $350 per 1,000
cubic metres, deputy CEO Alexander Medvedev said in a German
newspaper interview. He denied speculation that Gazprom was in
talks to acquire industrial interests in Germany.
[ID:nL17562778]
European factors to watch [WATCH/EU]
German press digest [PRESS/DE]
Diaries [DE/DIA] [WEU/EQUITY]
Reuters TOP NEWS [ID:nTOPNEWS]
(Reporting by Michael Shields and Peter Starck)
(([email protected]; +49 69 7565 1217; Reuters
Messaging: [email protected]))
Keywords: MARKETS GERMANY STOCKS/