German shares TFN at a glance outlook |
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Published
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Mon, 16 Apr 2007 07:46
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FRANKFURT (Thomson Financial) - German shares are expected to open higher, tracking higher closes on the DJIA Friday and on Asian exchanges this morning, dealers said.At 8.16 am, brokerage Lang & Schwarz forecast the DAX 30 index to open up around 33 points at 7,245. The DAX closed 69.12 points or 0.97 pct higher at 7,212.07 on Friday.Among shares being watched this morning, Metro should benefit after Credit Suisse raised its stance on the retailer to 'outperform.'Financial stocks are expected to perform well after ABN Amro confirmed it has been approached by Royal Bank of Scotland, Banco Santander and Fortis concerning takeover talks.DaimlerChrysler is seen opening lower at a report in Der Spiegel said that the automaker wants to retain a minority stake in its Chrysler unit.FORTHCOMING EVENTSTODAYFraport March traffic figures (0500)TOMORROWSixt AG annual press conference (0800)ZEW economic expectations (0900)TODAY'S PRESS-Bosch posts double-digit sales growth in first quarter (Handelsblatt)-BaFin probes WestLB's trading partners (Handelsblatt)-BNP Paribas to expand investment banking ops in Germany (Handelsblatt)-Buba's Weber said Germany could cut budget deficit to below 1 pct this year (Frankfurter Allgemeine Zeitung)-Siemens requests firm bids for its VDO unit - (Financial Times Deutschland)-Chrysler to produce Dodge brand vehicles in Fujian, China (China Securities Journal)WEEKEND PRESS-DaimlerChrysler wants to retain a minority stake in Chrysler - report-Lufthansa may make offer for Iberia this month - report-Bundesbank's Weber calls for improved hedge fund transparency-RPT Germany wants Airbus plants in country to remain in German hands - report-DSGV has have ry good chance' in LBB bid: Bavarian Savings Bank group head-WestLB's share trading business probed by regulators-German metal employer group will not increase 3 pct wage hike offer-VW's Skoda to hold last-ditch talks ahead of strike planned for TuesdayCOMPANY NEWS-Air China, Lufthansa jv to sign engine overhaul deal with US-based Ryan Intl Air-Hong Kong-listed Shanghai Electric-Siemens JV capital raised to 32 mln eur-Fraport March passenger traffic 5.583 mln, up 13.3 pct yr-on-yr-Kloeckner buys US' Primary Steel for undisclosed sumMACROECONOMIC NEWS-German March final CPI up 0.3 pct vs Feb, up 1.9 pct yr-on-yrMARKET NEWS-METRO UPGRADED TO 'OUTPERFORM' VS 'NEUTRAL' AT CREDIT SUISSE-SOFTWARE AG DOWNGRADED TO 'SELL' VS 'HOLD' AT CITIGROUPTyler.Sitte@thomson.comts/jlw/ts/ic/ts/jms
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