FRANKFURT, Sept 11 (Reuters) - The DAX top-30 index <.GDAXI>
looked set to open 0.6 percent lower on Thursday, according to
pre-market data from brokers at 0615 GMT.
The following are some of the factors that may move German
stocks on Thursday (share price indications at 0615 GMT):
DEUTSCHE BANK <DBKGn.DE>, indicated 0.4 percent lower
POSTBANK <DPBGn.DE>, indicated 0.1 percent higher
DEUTSCHE POST <DPWGn.DE>, indicated unchanged
Deutsche Bank plans to buy 29.75 percent of Postbank from
Deutsche Post and will have the right of first refusal to buy
Post's remaining stake, German news paper Bonner-Generalanzeiger
reported. [ID:nLA418720] [ID:nLA49402]
Related news [DBKGn.DE-E], [DPWGn.DE-E], [DPBGn.DE]
DEUTSCHE BANK <DBKGn.DE>
Indicated 0.4 percent lower
Deutsche Bank Securities has agreed to pay a $575,000 fine
for short-selling violations in the largest penalty to date from
NYSE Regulation. [ID:nN10430416]
Separately, Deutsche Bank has agreed to take a 40 percent
stake in UFG Invest, the Russian investment management arm of
UFG Asset Management, the companies said in a joint statement on
Thursday. [ID:nLB158578]
Related news [DBKGn.DE-E]
BMW <BMWG.DE>
Indicated 1.5 percent lower
CFO Michael Ganal reiterated in an interview with German
business daily Handelsblatt that he cannot rule out another
increase in BMW's risk provisions this year and that challenges
relating to exchange rates will continue in 2009. [ID:nWEA8971]
Related news [BMWG.DE-E]
VOLKSWAGEN <VOWG.DE>
Indicated 0.6 percent lower
The German state of Lower Saxony would raise its VW stake to
25 percent if that was necessary to retain the state's blocking
minority, state premier Christian Wulff said. [ID:nLA407254]
Related news [VOWG.DE-E]
TUI <TUIGn.DE>
Indicated 0.5 percent lower
Singapore's NOL <NEPS.SI> would be able to pay clearly more
for TUI's Hapag-Lloyd division than the Hamburg business
consortium which is seeking to retain the container shipping
line in German hands, German newspaper Sueddeutsche Zeitung
reported.
Related news [TUIGn.DE-E]
PREMIERE <PREGn.DE>
Indicated 4.3 percent higher
Mark Williams, News Corp's <NWSa.N> CFO for Europe and Asia,
has been named CEO of Premiere following the resignation of
Michael Boernicke. [ID:nLA410032]
Related news [PREGn.DE-E]
EADS <EAD.PA>
Indicated 0.2 percent higher in Frankfurt
CEO Louis Gallois said the Pentagon's tanker decision will
not have impact on EADS's sales or EBIT as the contract was not
included in plans. [ID:nWEA8968] [ID:nN10411584]
Related news [EAD.PA]
FRAPORT <FRAG.DE>
Indicated 0.6 percent lower
Fraport said passenger traffic at Frankfurt airport fell 3.9
percent in August. Airfreight decreased 5.2 percent.
[ID:nWEA8988]
Related news [FRAG.DE-E]
CONERGY <CGYG.DE>
Indicated 7.3 percent higher
LG Electronics <066570.KS> is planning to buy Conergy's
solar cell unit, South Korea's The Maeil Business Newspaper
reported. The acquisition was imminent and would command a price
tag of at least $183.3 million. [ID:nSEO331412]
Related news [CGYG.DE-E]
NORDEX <NDXGk.DE>
Indicated 3.7 percent higher
Nordex won an order from Scan Energy worth some 500 million
euros including service for up to 10 years. [ID:nWEA9003]
Separately, CEO Thomas Richterich reiterated Nordex's 2008
targets, and also told German newspaper Frankfurter Allgemeine
Zeitung that he is not aware that major shareholder Susanne
Klatten plans to increase her stake.
Related news [NDXGk.DE-E]
OVERSEAS STOCK MARKETS
Dow Jones <.DJI> +0.3 pct, S&P 500 <.SPX> +0.6 pct, Nasdaq
<.IXIC> +0.9 pct. [ID:nN10465894]
Nikkei <.N225> -2.0 pct. [ID:nTKG003037]
GERMAN ECONOMIC DATA
Wholesale prices fell 1.8 percent month-on-month in August,
more than expected. [ID:nBAE001373] <ECONDE> <G7TODAY>
European factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EQUITY]
Reuters TOP NEWS [ID:nTOPNEWS]
(Reporting by Peter Dinkloh and Peter Starck)
(([email protected]; +49 69 7565 1217; Reuters
Messaging: [email protected]))