German stocks - Factors to watch on Nov 22
FRANKFURT Nov 22 (Reuters) - The DAX top-30 index looked set to open 0.5 percent higher on Thursday, according to premarket data from brokerage Lang & Schwarz at 0714 GMT.
The following are some of the factors that may move German stocks:
Indicated 0.2 percent higher
Reckitt Benckiser Group has signed an agreement to acquire Schiff Nutrition for $1.4 billion, beating out Bayer and winning its entry into a $30 billion vitamins and nutrition supplements market.
Indicated 0.7 percent higher
Co-Chief Executive Anshu Jain is sending his chief compliance officer in his place to appear before a German parliamentary committee investigating alleged interest rate rigging among banks.
Indicated 0.6 percent higher
The airline could push back more investments next year in a cost-cutting drive to compete with rivals, finance chief Simone Menne told a German newspaper.
Indicated 0.1 percent higher
The engineering conglomerate said its delivery of high-speed trains to German rail operator Deutsche Bahn would be delayed beyond early December due to technical issues discovered during test runs.
Indicated 0.8 percent lower
The sale of ThyssenKrupp's steel mills in Brazil and the United States will still take months, longer than expected, Suddeutsche Zeitung reported, citing supervisory board sources.
Indicated 0.1 percent lower
The internet service provider reported a 9 percent decline in core profit for the first nine months of the year due to start-up losses but affirmed its 2012 outlook and said it saw strong earnings growth in 2013.
OVERSEAS STOCK MARKETS
Dow Jones +0.4 pct, S&P 500 +0.2 pct, Nasdaq +0.3 pct at Wednesday's close.
Nikkei +1.6 pct at Thursday's close.
GERMAN ECONOMIC DATA
German November Markit Composite Flash PMI due at 0828 GMT. Manufacturing PMI seen unchanged at 46.0, Service PMI seen unchanged at 48.4.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS (Reporting by Marilyn Gerlach, Maria Sheahan and Andreas Cremer)