Reuters: Market News: German stocks - Factors to watch on March 30

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German stocks - Factors to watch on March 30 Mar 30th 2012, 06:22 FRANKFURT, March 30 | Fri Mar 30, 2012 2:22am EDT FRANKFURT, March 30 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.7 percent higher on Friday, according to premarket data from brokerage Lang & Schwarz at 0607 GMT. The following are some of the factors that may move German stocks: ALLIANZ Indicated up 1.0 percent German insurer Allianz, which has been eyeing French Groupama's Gan Eurocourtage brokerage arm, made a lowball offer of below 200 million euros, German paper Financial Times Deutschland said in its Friday edition citing industry sources. Related news E.ON Indicated up 0.8 percent E.ON's decision to scrap a multi-billion pound plan to build new nuclear plants in Britain does not mean the company is turning away from nuclear power altogether, its chief executive told a German newspaper. Related news ENERGIE BADEN-WUERTTEMBERG No indication available The company's supervisory board will on Friday appoint E.ON manager Frank Mastiaux as its future chief executive, German newspaper Stuttgarter Zeitung reported, citing company sources. Related news PROSIEBENSAT.1 Indicated up 0.9 percent To release final financial results for 2011. The commercial broadcaster said earlier this month it expects its sales and operating profit to grow further this year thanks to growing revenue from the sale of digital content such as online videos. Related news SALZGITTER Indicated up 0.5 percent To release final financial results for 2011. The German steelmaker said earlier this month it would be difficult to repeat last year's results following a shaky start to the new year at its steel and tubes units. Related news LUFTHANSA Indicated up 1.0 percent Lufthansa's Chief Executive late Wednesday said the German airline has no intention of reducing a stake in rival Jetblue . Lufthansa late Thursday said it successfully priced the issue of EUR 234 million notes exchangeable into shares of common stock of JetBlue Airways. Related news NORDEX To release final financial results for 2011. The German wind turbine maker said last month it still sees sales rising this year and expects to return to an operating profit after one-off costs related to job cuts led it to post a bigger than expected operating loss in 2011. Related news COMMERZBANK Indicated up 1.9 percent The European Commission is set to reveal details of an agreement with state-backed lender Commerzbank about restructuring centered on its property finance unit Eurohypo. Related news GSW Immobilien Indicated up 0.5 percent The German real estate company plans to propose a dividend of 0.9 euros a share for 2011 as earnings before interest and taxes rose to 177.2 million euros from 101.5 million euros. Related news HAMBURGER HAFEN Indicated up 2.2 percent The German port operator aims to grow faster than the market in container throughput this year after earnings before interest and taxes rose 7.3 percent to 207 million euros. Related news EUROZONE The euro zone should not commit more than 800 billion euros in rescue aid, and tapping that money should only be available when countries promise reforms, German Finance Minister Wolfgang Schaeuble said on Thursday. OVERSEAS STOCK MARKETS Dow Jones up 0.2 pct, S&P 500 down 0.2 pct, Nasdaq down 0.3 pct at Thursday's close. Nikkei closed down 0.3 pct. GERMAN ECONOMIC DATA February retail sales due at 0600 GMT. Seen up 1.2 percent m/m and up 0.1 percent y/y. EUROPEAN FACTORS TO WATCH DIARIES REUTERS TOP NEWS Link this Share this Digg this Email Reprints

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