FRANKFURT (AFX) - Shares are seen opening slightly higher after Wall Street closed in positive territory on Friday, with DaimlerChrysler in focus on news of a 1 bln eur revamp of its troubled Smart car unit, dealers said.
At 8.47 am, brokerage Lang & Schwarz indicated the DAX 30 index would open at about 5,979, up some 6 points from Friday's close at 5,973.14.
FORTHCOMING EVENTS
TODAY
-KarstadtQuelle FY annual results news conference, Duesseldorf (9.00 am)
-Bundesbank March monthly report (11.00 am)
TOMORROW
-Evotec FY results
-MLP FY results, news conference
-MAN Nutzfahrzeuge AG FY results, news conference
-Ifo index (10.00 am)
-Bundesbank's Reckers to speak on 'growth areas in the banking industry', Frankfurt (2.40 pm)
-Bundesbank's Stark to speak on 'the German financial system in the European and international environment -- stability and risks', Munich (6.30 pm)
WEEKEND'S PRESS
-WestLB to expand business in Germany - report (Welt am Sonntag)
-Germany faces EU court action if Deutsche Telekom VDSL network not regulated (Welt am Sonntag)
-BMW to double production at Leipzig plant this year (Automobilewoche)
-Bayer sees R&D spending of 15-17 pct of sales after Schering takeover (Frankfurter Allgemeine Sonntagszeitung)
TODAY'S PRESS
-VW's Pischetsrieder, Piech to testify in corruption probe - report (Focus magazine)
-Vodafone to cut 500 jobs in Germany - report (Focus magazine)
-Deutsche Bank to expand offshoring of sales, trading jobs to India - report (Financial Times)
-Unicredito seeks compromise with Polish gov't over Pekao, BPH - report (Financial Times Deutschland)
-Bertelsmann hires bankers to handle possible sale of BMG music business - report (Financial Times)
-Axel Springer CEO Doepfner to join Deutsche Telekom supervisory board (Financial Times Deutschland)
-KarstadtQuelle may sell real estate holdings to Goldman Sachs -report (Financial Times Deutschland)
-Siemens records book gain of roughly 85 mln eur on sale of Infineon shares - report (Financial Times Deutschland)
COMPANY NEWS
-DaimlerChrysler to cease Smart Forfour production in 1 bln eur overhaul
-Wacker Chemie confirms IPO is planned for April 10
-VW, Siemens sell cable systems jv Bordnetze to Sumitomo for undisclosed sum
-GEA Group says shareholder Happel to sell roughly 20 pct stake in co
MACRO-ECONOMIC/ POLITICAL NEWS
-Merkel coalition wins German state polls - provisional results
MARKET NEWS/ SENTIMENT
-STOCKWATCH DaimlerChrysler higher pre-open on news of 1 bln eur Smart overhaul, prompts Lehman to lift target to 53 eur from 50
-STOCKWATCH Porsche up pre-open as Credit Suisse hikes target to 1,000 eur vs 800 niklas.magnusson@afxnews.com nm/vs COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
At 8.47 am, brokerage Lang & Schwarz indicated the DAX 30 index would open at about 5,979, up some 6 points from Friday's close at 5,973.14.
FORTHCOMING EVENTS
TODAY
-KarstadtQuelle FY annual results news conference, Duesseldorf (9.00 am)
-Bundesbank March monthly report (11.00 am)
TOMORROW
-Evotec FY results
-MLP FY results, news conference
-MAN Nutzfahrzeuge AG FY results, news conference
-Ifo index (10.00 am)
-Bundesbank's Reckers to speak on 'growth areas in the banking industry', Frankfurt (2.40 pm)
-Bundesbank's Stark to speak on 'the German financial system in the European and international environment -- stability and risks', Munich (6.30 pm)
WEEKEND'S PRESS
-WestLB to expand business in Germany - report (Welt am Sonntag)
-Germany faces EU court action if Deutsche Telekom VDSL network not regulated (Welt am Sonntag)
-BMW to double production at Leipzig plant this year (Automobilewoche)
-Bayer sees R&D spending of 15-17 pct of sales after Schering takeover (Frankfurter Allgemeine Sonntagszeitung)
TODAY'S PRESS
-VW's Pischetsrieder, Piech to testify in corruption probe - report (Focus magazine)
-Vodafone to cut 500 jobs in Germany - report (Focus magazine)
-Deutsche Bank to expand offshoring of sales, trading jobs to India - report (Financial Times)
-Unicredito seeks compromise with Polish gov't over Pekao, BPH - report (Financial Times Deutschland)
-Bertelsmann hires bankers to handle possible sale of BMG music business - report (Financial Times)
-Axel Springer CEO Doepfner to join Deutsche Telekom supervisory board (Financial Times Deutschland)
-KarstadtQuelle may sell real estate holdings to Goldman Sachs -report (Financial Times Deutschland)
-Siemens records book gain of roughly 85 mln eur on sale of Infineon shares - report (Financial Times Deutschland)
COMPANY NEWS
-DaimlerChrysler to cease Smart Forfour production in 1 bln eur overhaul
-Wacker Chemie confirms IPO is planned for April 10
-VW, Siemens sell cable systems jv Bordnetze to Sumitomo for undisclosed sum
-GEA Group says shareholder Happel to sell roughly 20 pct stake in co
MACRO-ECONOMIC/ POLITICAL NEWS
-Merkel coalition wins German state polls - provisional results
MARKET NEWS/ SENTIMENT
-STOCKWATCH DaimlerChrysler higher pre-open on news of 1 bln eur Smart overhaul, prompts Lehman to lift target to 53 eur from 50
-STOCKWATCH Porsche up pre-open as Credit Suisse hikes target to 1,000 eur vs 800 niklas.magnusson@afxnews.com nm/vs COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
© 2006 AFX News
