German shares AFX at a glance outlook |
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Wed, 10 Jan 2007 08:58
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FRANKFURT - FRANKFURT - German shares are expected to disappoint today after the Nikkei closed low, reflecting profit taking in the wake of falling oil prices.At 8.32 am, brokerage Lang & Schwarz forecast that the DAX 30 index willopen at 6,569 points, about 45 points lower than yesterday's close of 6,614.37.FORTHCOMING EVENTSTODAY-EU Commission unveils common energy strategy (1115 GMT)TOMORROW-Euro zone Q3 GDP (1000 GMT)-Euro zone Q4, Q1, Q2 GDP forecasts (1000 GMT)-ECB governing council meeting; rate announcement (1345 GMT); newsconference (1430 GMT)-Ifo/Insee/Isae euro zone GDP forecasts-DeStatis govt statistics office hosts press conference on 2006 German GDP(0700 GMT)-Suedzucker Q3 results-Metro 2006 trading statementTODAY'S PRESS-Morgan Stanley, Credit Suisse to join consortium for EADS stake buy (Financial Times Deutschland)-SAP's Kagermann to remain CEO for at least one more year (Sueddeutsche Zeitung)-Former Apple CEO Amelio is interested in BenQ Mobile-Porsche head Wiedekind sees chance of working with Volkswagen (Frankfurter Allgemeine Zeitung)-IPO of RAG is in more danger due to uncertain future of coal (Frankfurter Allgemeine Zeitung)-RAG listing could be delayed if major political parties fail to reach agreement on German coal industry tonight (Financial Times Deutschland)-Merck to save 30 mln eur by building bio-tech facility in Switzerland, union says (Financial Times Deutschland)-GE Real Estate acquires HVB real estate fund for 420 mln eur (Financial Times Deutschland)-SAP head supervisory board Plattner: Kagermann to remain CEO (Sueddeutsche Zeitung)-DaimlerChrysler's Chrysler to be restructured - Interview with CEO La Sorda (Boersen-Zeitung)-Buzzi Unicem ups shares in Dyckerhoff to 85.42 pct, ups voting rights to 95.75 pct (public notice in Boersen-Zeitung)-Odey Asset Management cuts stake in Epcos to 4.91 pct (public notice in Boersen-Zeitung)COMPANY NEWS- OUTLOOK EU to warn dominant energy companies as it unveils revamped plan- SAP's Kagermann to remain CEO for at least one more yearMACROECONOMIC NEWS- German Dec WPI flat vs Nov, up 3.7 pct yr-on yr; 2006 WPI up 3.7 pct- *GERMAN 2006 WHOLESALE PRICES UP 3.7 PCT YR-ON-YRMARKET NEWS- STOCKWATCH Deutsche Boerse target raised to 130 eur from 111 by Deutsche Bank- STOCKWATCH Beiersdorf downgraded to 'sell' from 'hold' by IN, target 45 eur- STOCKWATCH Infineon expected to open higher, Deutsche Bank raises targetnewsdesk@afxnews.compk/lamCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Morgan Stanley, Credit Suisse to join consortium for EADS stake buy - report 