FRANKFURT: The following are some of the factors that may move German stocks on Wednesday:
Greek Prime Minister Alexis Tsipras comfortably won a confidence vote on his plan to cancel a deeply unpopular bailout programme and challenge European leaders as both sides prepare for a showdown at meetings in Brussels this week.
The Pimco Total Return Fund, the world’s largest bond fund, ended January with a decrease in U.S. government-related holdings and increased its holdings in mortgage securities, according to the Newport Beach, Calif. based firm’s website on Tuesday. Pimco also named Joachim Fels managing director and global economic advisor.
Pilots’ union Vereinigung Cockpit (VC) called a two-day strike at Lufthansa’s Germanwings short-haul budget airline as a long-running row over retirement benefits and the airline’s low-cost expansion plans entered a new year.
South Korea’s Asiana Airlines Inc on Wednesday said it would buy 25 aeroplanes from Airbus Group NV for 3.1 trillion won ($2.83 billion) over seven years through to 2025.
The German industrial services group said its new chief financial officer would be Axel Salzmann, currently CFO of German broadcast group ProSiebenSat.1.
The number of passengers passing through Frankfurt airport rose 1.3 percent to 4.06 million in January, Fraport said in a statement on Wednesday.
Q4 results due. The drugs packaging firm’s net income is seen down 2.8 percent at 24.1 million euros. Poll:
The company’s Australian business Leighton reported full-year net profit of a$676.5 million, up 33 per cent from A$508.7 million in 2013.
The industrial robot maker beat its own and market forecasts for the fourth quarter on Wednesday as sales at its automation systems unit leapt 42 percent.
CARL ZEISS MEDITEC
The medical technology firm reported a smaller than expected increase in quarterly operating profit as it spent more on research and development.
TUI AG – dividend 0.33 eur/shr
HEIDELBERGCEMENT – S&P Capital lower to “hold” from “buy”
NORMA GROUP – Exane BNP Paribas cuts to “neutral” from “outperform”, raises its price target by 9 pct to 47 eur.
OVERSEAS STOCK MARKETS
Dow Jones +0.8 pct, S&P 500 +1.1 pct, Nasdaq +1.3 pct at Tuesday’s close.
Nikkei closed for a public holiday.
GERMAN ECONOMIC DATA
No economic data scheduled.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
($1 = 1,096.1700 won)