German stocks - Factors to watch on April 3

FRANKFURT, April 3 Wed Apr 3, 2013 2:26am EDT

FRANKFURT, April 3 (Reuters) - The DAX top-30 index looked set to open 0.3 percent lower on Wednesday, according to premarket data from brokerage Lang & Schwarz at 0614 GMT.

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


BMW indicated unchanged

Daimler indicated 0.1 percent lower

VW indicated unchanged

German March car sales due after figures from France, Spain and Italy on Tuesday.

Separately on Tuesday, Volkswagen reported a 3.1 percent increase in U.S. sales to 37,704 vehicles, BMW said U.S. sales rose 11.2 pct to 33,149 cars.

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Indicated 0.1 percent lower

The company said the sum of newly acquired leasing assets, the factoring volume and business start-up financing in the first quarter increased by 14.9 percent to 275.6 million euros.

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Indicated 2.1 percent higher

The aerospace group announced a share buyback worth up to 3.75 billion euros ($4.81 billion) on Tuesday to dampen sales by a dismantled group of core shareholders, following a radical shake-up of its structure.

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Dow Jones +0.6 pct, S&P 500 +0.5 pct, Nasdaq +0.5 pct at Tuesday's close.

Nikkei +2.7 pct at 0505 GMT.



REUTERS TOP NEWS (Reporting by Victoria Bryan and Ludwig Burger)

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