2014-03-24

FRANKFURT, March 24 Mon Mar 24, 2014 2:20am EDT

<span id="articleText"/>FRANKFURT, March 24 (Reuters) - The following are some of the factors that may move German stocks on Monday:

<span id="midArticle_0"/><span id="midArticle_1"/>BAYER

<span id="midArticle_2"/>Britain's healthcare cost agency has recommended against using Bayer's new prostate cancer drug Xofigo on the state health service because the German firm did not provide evidence on how well it worked compared to other therapies.

<span id="midArticle_3"/>Related

<span id="midArticle_4"/><span id="midArticle_5"/>BMW

<span id="midArticle_6"/>The luxury carmaker will soon announce plans to build its X7, a large crossover vehicle with three rows of seats, in South Carolina where its plant will undergo an upgrade to increase capacity up to 400,000 vehicles, costing several hundred million dollars, sources said on Friday.

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<span id="midArticle_8"/><span id="midArticle_9"/>DEUTSCHE POST

<span id="midArticle_10"/>Chief Executive Frank Appel is set to present a new profit target of up to 1.6 billion euros ($2.21 billion) for its mail business, German paper Welt am Sonntag said, citing a supervisory board source.

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<span id="midArticle_12"/><span id="midArticle_13"/>LUFTHANSA, FRAPORT

<span id="midArticle_14"/>Airline passengers could suffer considerable delays next Thursday as German services trade union Verdi extends strike calls in support of higher public sector pay to staff at Frankfurt airport.

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<span id="midArticle_0"/><span id="midArticle_1"/>VOLKSWAGEN

<span id="midArticle_2"/>The carmaker will not develop a successor model to its Eos convertible and may also not refresh the Sharan family van, the Beetle and the station wagon version of the Seat Leon to focus on more popular models, weekly Der Spiegel reported, without specifying its sources.

<span id="midArticle_3"/>Separately, daily Handelsblatt cited the head of Geely-owned Volvo Car Group, Hakan Samuelsson, as saying that the carmaker would seek to gain market share in Germany mainly by winning over customers of VW's Audi unit.

<span id="midArticle_4"/>Related news

<span id="midArticle_5"/><span id="midArticle_6"/>TALANX

<span id="midArticle_7"/>Q4 results due. Talanx is expected to report its fourth-quarter net profit rose 135.9 percent to 184 million euros. Poll:

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<span id="midArticle_9"/><span id="midArticle_10"/>NORDEX

<span id="midArticle_11"/>Final 2013 reults due. The German wind turbine maker said last month it had swung to an operating profit last year, boosted by stronger demand in its core European market as well as cost cuts.

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<span id="midArticle_13"/><span id="midArticle_14"/>MANZ AG

<span id="midArticle_15"/>The engineering company is in talks with potential takeover targets to strengthen its Battery division, CEO Dieter Manz told weekly Euro am Sonntag.

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<span id="midArticle_1"/><span id="midArticle_2"/>SMA SOLAR

<span id="midArticle_3"/>CEO Pierre-Pascal Urbon reiterated he aims for the solar inverter maker to break even this year, according to weekly WirtschaftsWoche.

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<span id="midArticle_5"/><span id="midArticle_6"/>AIR BERLIN

<span id="midArticle_7"/>The ailing airline, which is almost 30 percent owned by Abu Dhabi-based Etihad Airways, will be delisted, with Etihad raising its stake to 49.9 percent, German weekly WirtschaftsWoche reported on Saturday.

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<span id="midArticle_9"/><span id="midArticle_10"/>INDEX CHANGES AS OF MARCH 24:

<span id="midArticle_11"/>TECDAX

<span id="midArticle_12"/>IN: MANZ AG

<span id="midArticle_13"/>OUT: ADVA AG

<span id="midArticle_14"/><span id="midArticle_15"/>SDAX

<span id="midArticle_0"/>IN: SURTECO, CAPITAL STAGE

<span id="midArticle_1"/>OUT: H&R AG, VTG AG

<span id="midArticle_2"/><span id="midArticle_3"/>EX-DIVIDEND

<span id="midArticle_4"/>Villeroy & Boch - dividend 0.42 euros/shr

<span id="midArticle_5"/><span id="midArticle_6"/>ANALYSTS' VIEWS

<span id="midArticle_7"/>COMMERZBANK - Morgan Stanley raises the stock to "overweight" from "equal-weight", lifts its target price to 16 euros from 11.80 euros.

<span id="midArticle_8"/>LUFTHANSA - Morgan Stanley raises target price to 20.85 euros from 18.40 euros, with an "equal-weight" rating.

<span id="midArticle_9"/><span id="midArticle_10"/>OVERSEAS STOCK MARKETS

<span id="midArticle_11"/>Dow Jones -0.2 pct, S&P 500 -0.5 pct, Nasdaq -1 pct at Friday's close.

<span id="midArticle_12"/>Nikkei +1.8 pct at Monday's close.

<span id="midArticle_13"/><span id="midArticle_14"/>GERMAN ECONOMIC DATA

<span id="midArticle_15"/>March Flash Manufacturing PMI due at 0830 GMT. Seen at 54.6, down from 54.8. Services PMI seen at 55.5, down from 55.9 in the previous month.

<span id="midArticle_0"/><span id="midArticle_1"/><span id="midArticle_2"/>EUROPEAN FACTORS TO WATCH

<span id="midArticle_3"/>DIARIES

<span id="midArticle_4"/>REUTERS TOP NEWS ($1 = 0.7256 Euros) (Reporting by Harro ten Wolde, Ludwig Burger and Edward Taylor)

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