German shares TFN at a glance outlook |
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Published
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Thu, 10 May 2007 07:52
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FRANKFURT (Thomson Financial) - Shares are expected to open higher, buoyed by positive momentum from a higher close on Wall Street yesterday on news that the Fed was unlikely to raise interest rates, dealers said.Results from two DAX-listed and a few MDAX-listed companies should help set the tone for trade in the morning, with investors likely looking to US March trade balance and April import price data to set the pace later in the day.At 8.30 am, brokerage Lang & Schwarz forecast the DAX 30 index to open around 18 points higher at 7,493. The DAX closed 33.79 points, or 0.45 pct, higher at 7,475.99 yesterday.FORTHCOMING EVENTSTODAYVer.di trade union to announce results of Telekom strike voteApril Wholesale Prices (WPI)MAN AGMKarstadtQuelle AGMAdidas AGMDeutsche Telekom Q1 resultsEnBw Q1 resultsPostbank AGMHypo Real Estate Q1 resultsSAP AGMHugo Boss AGMPremiere Q1 resultsMLP press conference on new EU industry guidelines (1200)TOMORROWThyssenKrupp Q2 resultsTUI AG Q1 (0600)Deutsche Boerse AGM (0800)TODAY'S PRESS-German govt plans to draft law on more transparency on insurance costs (Financial Times Deutschland)-FMC mulls issuing at least 500 mln usd in bonds with 10-yr maturity (Boersen-Zeitung)-IVG plans to buy some property portfolios for the purpose of setting up REITs (Boersen-Zeitung)-Ver.di mulls scrapping wage deal with Deutsche Telekom (Financial Times Deutschland)-SAP buys Outlook-Soft for around 350 mln eur - report (Frankfurter Allgemeine Zeitung)COMPANY NEWS-DEUTSCHE TELEKOM Q1 NET 459 MLN EUR VS 1.09 BLN; CONSENSUS 732.1 MLN-DEUTSCHE TELEKOM Q1 SALES 15.453 BLN EUR VS 14.842 BLN; CONSENSUS 14.88 BLN-DEUTSCHE TELEKOM SOLD CLUB INTERNET TO NEUF CEGETEL FOR UNDISCLOSED SUM-DEUTSCHE TELEKOM SAYS IT LOST 588,000 FIXED-LINE CUSTOMERS IN Q1-HYPO REAL ESTATE Q1 NET BEFORE SPECIAL EFFECTS 130 MLN EUR VS 104 MLN-HYPO REAL ESTATE Q1 PRETAX 172 MLN EUR VS 141 MLN-Deutsche Telekom Q1 net misses expectations as fixed-line numbers slump-HYPO REAL ESTATE Q1 OPG REVENUES 295 MLN EUR VS 264 MLN-Premiere swings to Q1 net profit on reduced licensing, administrative costsMACROECONOMIC NEWS-GERMAN APRIL WPI UP 0.8 PCT VS MARCH, UP 2.9 PCT YEAR-ON-YEARMARKET NEWS-STOCKWATCH Deutsche Telekom seen under pressure on mixed Q1 figures-STOCKWATCH Hypo Real Estate seen opening higher on positive Q1 results-STOCKWATCH Deutsche Postbank upgraded to 'hold' vs 'sell' by CitigroupTyler.Sitte@thomson.comts/lam/ts/sljCOPYRIGHT
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