German shares AFX at a glance outlook |
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Tue, 20 Mar 2007 09:11
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FRANKFURT (AFX) - German shares are expected to open moderately higher today extending yesterday's gains after a positive close on both the Nikkei and Wall Street.Shares in Deutsche Post and Lanxess should be in focus today as both companies announce their full-year figures. Early indications show Lanxess' figures coming in somewhat below expectations and Deutsche Post's outlook somewhat cautious.Altana shares are expected to receive a lift from a Sal Oppenheim upgrade.At 8.36 am, brokerage Lang & Schwarz forecast the DAX to open at 6,677 afterclosing at 6,671.41 yesterday.FORTHCOMING EVENTSTODAYDeutsche Post FY resultsMAN FY resultsLanxess FY resultsTOMORROWGea Group, FY results, annual news conferenceEuroforum seminar - Deutsche Bank of the future, Dorint Sofitel Pallas, Wiesbaden (0800)Bilfinger Berger FY results, annual news conference (0900)Metro Group FY results, annual news conferenceRheinmetall FY results, annual news conferenceHugo Boss FY results, annual news conferenceBertelsmann FY resultsTODAY'S PRESS-Dubai's DIC reduces DaimlerChrysler stake, says complete sale possible (Handelsblatt)-DaimlerChrysler CEO Zetsche seeks to up EBIT margin to 6 pct by 2009 - report (Handelsblatt)-SAP to expand Indian software development ops (Handelsblatt)-German government set to approve law on REITs Friday (Handelsblatt)-Trade union Verdi supports TUI-Touristik, First Choice merger (Berliner Zeitung)-Continental 2006 China sales over 230 mln eur, sets sales target of 350-400 mln eur for 2007 (China Business News)-Commerzbank plans to expand its hedge funds business (Boersen Zeitung)COMPANY NEWS- Deutsche Post sees FY 2007 EBIT at least at 3.6 bln eur vs 3.9 bln- Deutsche Post sees mail division FY EBIT flat at 2 bln eur- Deutsche Post sees express FY EBIT at least 400 mln eur- Deutsche Post wants to up logistics unit FY EBIT by 15 pct from 762 mln eur- Deutsche Post sees FY 2007 Group EBIT 'at least' 3.6 bln eur vs 3.9 bln- Lanxess Q4 sales 1.666 bln eur vs 1.786; consensus 1.667 bln- Lanxess Q4 net 2 mln eur vs loss 100; consensus 5 mln- Lanxess sees moderate growth in 2007 after adjusting for portfolio effects- Lanxess Q4 pre-ex EBITDA 105 mln eur vs 89 mln; consensus 109 mln- Lanxess proposes first-ever div of 0.25 eur/shr- Lanxess Q4 pre-ex ebit below consensus at 38 mln eur vs 23; sales in lineMACROECONOMIC NEWS- German Feb PPI up 0.3 vs jan, up 2.8 pct yr-on-yr- German Feb PPI up 0.3 vs Jan, up 2.8 pct yr-on-yrMARKET NEWS- STOCKWATCH DaimlerChrysler seen opening higher as CEO targets higher EBIT marginTyler.Sitte@thomson.comts/cml/ts/rfwCOPYRIGHT
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Aerospace and transportation highlights to 09:10 GMT 