German stocks - Factors to watch on February 12

FRANKFURT Tue Feb 12, 2013 2:00am EST

FRANKFURT Feb 12 (Reuters) - The DAX top-30 index looked set to open 0.2 percent lower on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0650 GMT.

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

THYSSENKRUPP

Indicated 0.7 percent lower

ThyssenKrupp, Germany's biggest steelmaker, warned that it saw no global economic recovery this year after a slump in steel prices and weak car markets caused a 38 percent drop in its quarterly core profit.

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DAIMLER

Indicated 0.3 percent lower

The European Commission sees "no grounds" to give German vehicle makers more time to comply with EU law requiring a less polluting coolant to be used in vehicle air-conditioning, a letter seen by Reuters said, despite safety concerns cited by Daimler.

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PORSCHE SE

Indicated unchanged

German prosecutors have extended an ongoing probe into market manipulation to include several members of the holding's supervisory board.

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SOFTWARE AG

Indicated 0.1 percent lower

Germany's second largest software maker will start buying back shares worth up to 180 million euros commencing Tuesday, the company said late on Monday.

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FRAPORT

Indicated 0.7 percent lower

Fraport says January passenger numbers fall 4.9 pct in Frankfurt.

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OVERSEAS STOCK MARKETS

Dow Jones -0.2 pct, S&P 500 -0.1 pct, Nasdaq -0.1 pct at Monday's close.

Nikkei +1.9 pct at Tuesday's close.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS ($1 = 0.7474 euros) (Reporting by Christiaan Hetzner, Christoph Steitz and Peter Dinkloh)

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