von GoldenSnuff » Freitag 29. Mai 2009, 07:19
German stocks - Factors to watch on May 29
FRANKFURT, May 29 (Reuters) - Factors that may move German stocks on Friday:
BAYER
Bayer and Johnson & Johnson said the U.S. Food and Drug Administration declined to approve their experimental blood thinning pill Xarelto, asking for more information.
SAP
Outgoing co-CEO Henning Kagermann said a current improvement in the economy was driven not by real demand but by inventory re-stocking. Speaking to German newspaper Frankfurter Allgemeine Zeitung, he reaffirmed expectations of returning to double-digit growth and said SAP's Business ByDesign software would be shown at the upcoming Sapphire customer trade fair.
CONTINENTAL
German newspaper Sueddeutsche Zeitung reported that ex-SPD party boss and former defense minister Rudolf Scharping is using his political ties to help Continental's majority owner Schaeffler get access to state aid.
ARCANDOR , METRO
A combination of Arcandor's Karstadt and Metro's Kaufhof department store chains could lead to about 40 store closures affecting around 5,000 full-time staff, the Frankfurter Allgemeine Zeitung reported, citing company sources.
Separately, Arcandor CEO Karl-Gerhard Eick told German TV station ARD that the company will continue talks with the German government over state aid next week.
HEIDELBERGCEMENT
The son of the late German billionaire Adolf Merckle and the creditor banks of the empire he inherited have agreed a plan to restructure its debt, several sources familiar with the matter said. The business conglomerate is laden with about 8 billion euros in debt and the picture looks even worse if the 12 billion euros of borrowings at family-controlled HeidelbergCement is taken into account.
EX-DIVIDEND
H&R Wasag , payout 0.4 eur/shr
Wacker Neuson , payout 0.19 eur/shr
CeWe Color , payout 1 eur/shr
OVERSEAS STOCK MARKETS
Dow Jones <.DJI> +1.3 pct, S&P 500 <.SPX> +1.5 pct, Nasdaq <.IXIC> +1.2 pct.
Nikkei <.N225> +0.1 pct at 0500 GMT.
GM , OPEL
Germany and the United States get what may be their last chance to save Opel on Friday when they try to put a heated row behind them and forge a plan to shield the carmaker from a bankruptcy of its parent GM.
Magna International would be open to collaborating with Fiat or other European automakers, if it's a "win-win" scenario, the Canadian company's co-chief executive told Reuters.
GM persuaded its major bondholders to accept a sweetened ownership plan on Thursday, a deal that could result in a smoother ride for the carmaker through bankruptcy.
The United Auto Workers will emerge from a General Motors restructuring as the second-largest stockholder in the reorganized automaker and with a more direct stake in its success, union President Ron Gettelfinger said.
Swedish luxury automaker Koenigsegg is among the remaining suitors of GM's loss-making unit Saab Automobile, a Swedish business daily reported, citing undisclosed sources. The other front-runner for Saab, which was granted protection from creditors earlier this year, is U.S. financier Ira Rennert and his Renco Group, Dagens Industri reported.
GERMAN ECONOMIC DATA
April retail sales due at 0600 GMT; seen at +/-0 pct mth/mth.