German shares AFX at a glance outlook |
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Tue, 30 Jan 2007 08:55
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FRANKFURT (AFX) - German shares are anticipated to open flat as Wall Street failed to impress last night and with few impulses expected for today, dealers said.Brokerage Lang & Schwarz forecast that the DAX 30 index will open at around 6,719 after closing at 6,726.01 yesterday.FORTHCOMING EVENTSTODAY-Dec, FY 2006 wholesale sales (0700 GMT)-Hypo Real Estate FY results. Pretax profit forecast 559 mln eur, up 37 pct-Munich Re press release on renewal of reinsurance treaties-Deutsche Telekom to host 2007 International Press Colloquium (until Jan31). Speakers include Deutsche Telekom CEO Rene Obermann, T-Com unit headTimotheus Hoettges, T-Mobile unit head Hamid Akhavan and T-System unithead Lothar Pauly (day 1 of 2)-Deutsche Beteiligungs AG press conferenceTOMORROW-Dec, FY retail sales (0700 GMT)-Jan jobless (0900 GMT)-Deutsche Telekom 2007 International Press Colloquium. Speakers includeDeutsche Telekom CEO Rene Obermann, T-Com unit head Timotheus Hoettges,T-Mobile unit head Hamid Akhavan and T-System unit head Lothar Pauly (day2 of 2)-Heidelberger Druckmaschinen Q3 results-Industry conference on future strategies for German savings banks(Sparkassen) and regional public-sector banks (Landesbanken), Berlin (day 1of 2)-Puma media day in Boston, USTODAY'S PRESS-Survey shows German IPOs this year to generate 5-10 bln eur proceeds (Handelsblatt)-EU Commission threatens to launch anti-cartel probe into German Sparkassen (Handelsblatt, Boerzen-Zeitung)-Germany's Steinbrueck defends ECB's independence in face of French criticisms (Handelsblatt)-Endemol in talks to buy MME - report (Die Welt)-Mattel eyes Zapf (Financial Times Deutschland)-E.ON to restructure regional utilities units (Hannoverschen Allgemeinen Zeitung)-Dow Chemical aims for partnership with Gazprom - interview (Frankfurter Allgemeine Zeitung)-ING-Diba expects continuing growth of customers in Germany (Frankfurter Allgemeine Zeitung)COMPANY NEWS-Australia's Leighton says talk about major shareholder Hochtief 'speculative'-OUTLOOK Hypo Real Estate to post solid FY figures, meeting guidance-Hypo Real Estate hikes FY div to 1.50 eur as pretax rises 29 pct-*BAYER RECEIVES MARKETING APPROVAL FOR MIRENA CONTRACEPTIVE IN JAPAN-*MUNICH RE RENEWS TWO THIRDS OF ITS PROPERTY/CASUALTY TREATY BUSINESS-*MUNICH RE SAYS TREATY RENEWALS CORRESPOND TO PREMIUM VOLUME OF 9 BLN EUR-*MUNICH RE ANNOUNCES NEW PREMIUM VOLUME OF 850 MLN EUR ALONGSIDE RENEWALSMACROECONOMIC NEWS-*GERMAN 2006 WHOLESALE SALES UP 3.2 PCT FROM 2005-*GERMAN DEC WHOLESALE SALES UP 1.0 PCT FROM NOV, UP 0.6 PCT YR-ON-YRMARKET NEWS-*MAN AG DOWNGRADED TO 'HOLD' VS 'BUY' AT CITIGROUP-*PORSCHE CUT TO 'HOLD' VS 'BUY' AT DEUTSCHE BANK-*SIEMENS UPGRADED TO 'BUY' VS 'NEUTRAL' AT MERRILL LYNCH-*BEIERSDORF UPGRADED TO 'BUY' FROM 'NEUTRAL' BY MERRILL LYNCH-STOCKWATCH Siemens upgraded to 'buy' vs 'neutral' by Merrill Lynch-STOCKWATCH Porsche cut to 'hold' vs 'buy' at Deutsche Bank, target raisedpatrizia.kokot@thomson.compk/amb
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Banking and insurance highlights to 09:15 GMT 