German stocks - Factors to watch on January 24
FRANKFURT Jan 24 (Reuters) - The DAX top-30 index looked set to open little changed on Thursday, according to premarket data from brokerage Lang & Schwarz at 0715 GMT.
The following are some of the factors that may move German stocks:
Indicated 0.6 percent lower
Commerzbank's works council deliberates cutback plans. Media reports say up to 6,500 jobs could go.
Hypovereinsbank's parent company Unicredit plans to cut about 1,000 jobs in Germany by the end of next year, sources said.
Indicated 4.1 percent lower
Shares trade ex-dividend
Siemens said 98.21 percent of shareholders who attended the annual general meeting, approved the spin-off of Osram Licht AG. Siemens shareholders will receive one additional share of Osram for every ten Siemens shares. A listing is expected in April at the earliest.
Indicated 1.0 percent lower
The maker of Nivea cream reported sales up 4.7 percent in 2012 as demand from consumers in countries like Russia and Brazil offset a weak climate in its home European markets.
OVERSEAS STOCK MARKETS
Dow Jones +0.5 pct, S&P 500 +0.15 pct, Nasdaq +0.3 pct at Wednesday's close.
Nikkei +1.3 pct at Thursday's close.
GERMAN ECONOMIC DATA
January Markit Manufacturing flash PMI due at 0828 GMT. Seen higher at 46.8.
January Markit Service Flash PMI due at 0828 GMT. Seen flat at 52.
January Markit Comp Flash PMI due at 0828 GMT.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS (Reporting by Edward Taylor and Harro ten Wolde)
- Housing, jobs data weaken, but overall economic picture still upbeat
- Last-minute Obamacare exemption for those with canceled plans
- U.S. diplomats, but not prosecutors, seek to quell India dispute |
- Target cyber breach hits 40 million payment cards at holiday peak |
- New York Mayor-elect's reputation for lateness parodied on Twitter