German stocks - Factors to watch on October 11
FRANKFURT, Oct 11 (Reuters) - The DAX top-30 indexlooked set to open 0.1 percent lower on Thursday, according topremarket data from brokerage Lang & Schwarz at 0632 GMT.
The following are some of the factors that may move Germanstocks:
SIEMENS Indicated 1.2 percent lower
Germany's Siemens may outline job cuts and office closureson Thursday to stop profits sliding as customers put offordering engineering equipment because of Europe's economiccrisis.
Related news DEUTSCHE TELEKOM Indicated 0.1 percent higher
The shares of wireless service provider MetroPCSclosed down 4 about percent on Wednesday after a source saidSprint Nextel Corp is still weighing whether to make acounter bid for the company.
MetroPCS agreed last week to merge with Deutsche Telekomunit T-Mobile USA.
Related news LUFTHANSA Indicated 1.0 percent lower
The company will present its new low-cost airline plans onThursday and will hold a press conference with Chief ExecutiveChristoph Franz.
Related news EADS Indicated 1.4 percent higher in Frankfurt
Chief Executive Tom Enders said in a letter to employeesthat the aerospace group wished to review its strategy anddefence activities in particular after the end of its mergertalks with BAE Systems .
Related news FRAPORT Indicated 0.1 percent lower
The company said passenger traffic at Frankfurt airport rose1.0 percent in September.
Related news SOLARWORLD Indicated 0.1 percent lower
The United States on Wednesday set steep final duties onbillions of dollars of solar energy products from China, butturned down a request from lawmakers and U.S. manufacturers toexpand the scope of its order.
Related news ANNUAL SHAREHOLDERS MEETINGS KABEL DEUTSCHLAND - planned dividend 1.50 euros($1.94)/shr. OVERSEAS STOCK MARKETS Dow Jones -1 pct, S&P 500 -0.6 pct, Nasdaq
-0.4 pct at Wednesday's close.
Nikkei -0.6 pct at Thursday's close. GERMAN ECONOMIC DATA
Germany's consumer price inflation for September wasconfirmed to be unchanged month-on-month and at a rate of 2.0percent year-on-year, the Federal Statistics Office said onThursday.
EUROPEAN FACTORS TO WATCH DIARIES REUTERS TOP NEWS($1 = 0.7751 euros)
(Reporting by Maria Sheahan and Christoph Steitz)
((Frankfurt Newsroom; +49 69 7565 1270))
Keywords: GERMANY MARKETS STOCKS