German stocks - Factors to watch on Sept 18

FRANKFURT, Sept 18 Tue Sep 18, 2012 2:24am EDT

FRANKFURT, Sept 18 (Reuters) - The DAX top-30 index looked set to open 0.3 percent lower on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0615 GMT.

The following are some of the factors that may move German stocks:

MERCK KGaA

Indicated 2.8 percent lower

The drug maker has withdrawn its European application for its Erbitux drug for use in patients with advanced or metastatic non-small cell lung cancer (NSCLC).

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DAIMLER

Indicated 0.3 percent lower

The company said global truck sales rose 20 percent between January and August. At the same time van sales dropped slightly year-on-year. It added the bus and coach market remains difficult.

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EADS

Indicated 0.3 percent lower

The U.S. Defense Department needs more details to be able to assess the security implications of a possible merger of BAE Systems and EADS, U.S. Air Force Secretary Michael Donley said on Monday.

Separately, a plan to issue golden shares in a merged EADS and BAE Systems to France, Britain and Germany faces a close examination by EU regulators wary of the their impact on competition and free movement of capital across the 27-country bloc.

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OVERSEAS STOCK MARKETS

Dow Jones -0.3 pct, S&P 500 -0.3 pct, Nasdaq -0.2 pct at Monday's close.

Nikkei -0.4 pct at Tuesday's close.

GERMAN ECONOMIC DATA

ZEW index of German analyst and investor sentiment due at 0900 GMT. Economist expect a September reading of -19.0 on average, after -25.5 reported in August.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS (Reporting by Ludwig Burger and Christiaan Hetzner)