German stocks - Factors to watch on August 5

FRANKFURT Mon Aug 5, 2013 2:31am EDT

FRANKFURT Aug 5 (Reuters) - The DAX top-30 index looked set to open unchanged on Monday, according to premarket data from brokerage Lang & Schwarz at 0620 GMT.

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

DAIMLER

Indicated 0.3 percent lower

The carmaker plans to build a new plant in Brazil as rising taxes on foreign vehicles make it more difficult to sell imported cars in the Latin American country, a magazine reported on Sunday.

Related news

RWE

Indicated 0.3 percent lower

The German utility will sell its 50 percent stake in U.S. liquefied natural gas (LNG) company Excelerate Energy to the co-owner, George B. Kaiser, the company said on Friday.

Related news

ALLIANZ

Indicated 0.2 percent higher

Goldman Sachs has teamed up with Allianz to make a 2 billion pound ($3 billion) bid for a 30 percent stake in Yorkshire Water, the Sunday Times reported.

Related news

INSURERS

Munich Re indicated unchanged

No indication available for Talanx

Financial watchdog Bafin said Germany could quit talks on new risk rules for Europe's insurance industry if regulators try to impose a 'one size fits all' deadline for insurers to adapt to them.

Related news

SYMRISE

Indicated 0.2 percent higher

The flavour and scent maker is focusing its acquisition strategy on food technology start-ups in the Americas, Asia and in emerging markets - a particular target for sales growth, its chief executive told a German newspaper.

Related news

OVERSEAS STOCK MARKETS

Dow Jones +0.2 pct, S&P 500 +0.2 pct, Nasdaq +0.4 pct at Friday's close.

Nikkei -1.4 pct at Monday's close.

GERMAN ECONOMIC DATA

July Services PMI due at 0753 GMT. Seen at 52.5.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS ($1 = 0.6548 British pounds) (Reporting by Maria Sheahan and Ludwig Burger)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article