FRANKFURT, Jan 30 (Reuters) – The following are some of the factors that may move German stocks on Monday:
DEUTSCHE BANK (DBK.FRA)
The company is preparing to launch a fund to buy investors’ damaged holdings in hedge funds thathave failed to recover since the financial crisis, the Financial Times reported on Monday. (news)
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ALLIANZ (ALV.FRA)
Rating agency S&P has lowered the company’s long-term outlook to negative,citing risks of further pressure on its capitalization. (news)
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DEUTSCHE BOERSE
NYSE Euronext (NYX.N) Chief Executive Duncan Niederauer sees only a 10 percent to 20 percent chance that his $9 billion merger with Deutsche Boerse will be approved, but the low odds do not mean he is giving up hope yet. (news)
Separately, Niederauer told German magazine Der Spiegel he could not exclude taking a block of the deal by the European Commission to court.
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VOLKSWAGEN (VOW3.FRA) PORSCHE DE (PAH3.FRA)
Volkswagen’s supervisory board will discuss plans to acquire the remaining 50.1 percent of Porsche SE’s sports car business at a meeting on Feb. 14, Der Spiegel reported. (news)
Volkswagen may make a move into the Formula One car racing series, the company’s head of motorsports Wolfgang Duerheimer was quoted as saying in German magazine WirtschaftsWoche, according to a pre-release of an article due to be published on Monday.
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THYSSENKRUPP (TKA.FRA)
Mining giant Vale (VALE.N) has no interest in boosting its stake in CSA, a slab-producing joint venture controlled by ThyssenKrupp, Chief Financial Officer Tito Martins said on Friday. (news)
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BASF (BAS.FRA)
The company is honing in on the Americas in the profitable biotech crop arena andgiving up on the European market, where it has been frustrated by opposition to crops with genetically modified organisms, a top executive said on Friday. (news)
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HOCHTIEF (HOT.FRA)
The Germanconstruction group said on Sunday it expects its 2011 net loss to be larger than anticipated due to bigger than expected write-downs at its Australian unit Leighton Holdings . (news)
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CONTINENTAL AG (CON.FRA)
German ball bearing maker Schaeffler AG will sell 2 billion euros in bonds in the short to medium term, its first corporate debt issue ever, as part of an overall deal to replace an existing credit line and significantly improve its maturity profile. (news)
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PRAKTIKER (PRA.FRA)
The German DIY retailer has reached an agreement with its banks to secure its operational business, while going through a restructuring phase. Related news
OVERSEAS STOCK MARKETS
Dow Jones -0.6 pct, S&P 500 -0.2 pct, Nasdaq +0.4 pct at Friday’s close. (news)
Nikkei xxx pct at xx GMT. [ID:USN!!!]
GERMANECONOMIC DATA
January inflation data due at 1200 GMT. Seen at -0.4 percent m/m and +2.0 percent y/y. <ECONDE> <G7TODAY>
EUROPEAN FACTORS TO WATCH
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(Reporting by Harro ten Wolde) Messaging: harro.tenwolde.thomsonreuters.com@reuters.net)
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