German shares AFX at a glance outlook |
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Thu, 18 Jan 2007 09:17
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FRANKFURT (AFX) - German shares are expected to open higher today after Merck released solid fourth-quarter figures, with several upgrades of fellow stocks expected, dealers said.At 8.46 am, brokerage Lang & Schwarz forecast that the DAX 30 index will open at 6,727 points, about 26 points higher than yesterday's close.FORTHCOMING EVENTSTODAY-Douglas Holding analyst conference-Merck KGaA FY 2006 results-ECB monthly bulletin (0900 GMT)TOMORROW-Deadline for Spain to respond to EU ruling on E.ON, Endesa-Bundesbank president Axel Weber gives speech on 'perspectives andchallenges for the German economy,' Frankfurt (1800 GMT)-ThyssenKrupp AGMTODAY'S PRESS-NordLB plans to expand Private-Public-Partnerships - Interview (Financial Times Deutschland)-Tax privilege for investment funds to be abolished, 25 pct tax liability from 2009 onwards (Financial Times Deutschland)-German government considers restructuring BaFin (Financial Times Deutschland)-Duesseldorf mayor opposes sale of Landesbank Berlin (Handelsblatt)-DaimlerChrysler's Fuso could recall about 30,000 trucks -report (Handeslblatt)-KarstadtQuelle's Thomas Cook seen as one of favourites for UK's First Choice (Boersen-Zeitung)COMPANY NEWS-Merck KGaA Q4 operating profit 303.3 mln eur vs 191.7 mln, consensus 269 mln-Porsche plans to sell 35,000 units of new Cayenne model in 2007/08-PFI infrastructure in partnership with Hochtief to invest in education PPP ops- Allianz to pay about 7.5 bln eur cash for AGF, Allianz Leben buyoutsmarket new-Beiersdorf upgraded to 'buy' from 'neutral' by UBSpatrizia.kokot@thomson.compk/twCOPYRIGHTCopyright 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.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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German shares AFX at a glance outlook 