German stocks - Factors to watch on September 24
FRANKFURT, Sept 24
FRANKFURT, Sept 24 (Reuters) - The DAX top-30 index looked set to open 0.1 percent higher on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0621 GMT.
The following are some of the factors that may move German stocks:
Germany's Wintershall, the oil and gas arm of chemicals group BASF, said it signed an agreement to search for oil in Argentina's "Vaca Muerta" field, considered one of the largest shale reserves in the western hemisphere.
Daimler's Mercedes-Benz unit plans to open a museum in Beijing to showcase the heritage of the brand, the luxury carmaker's latest bid to boost flagging sales in China where it is outsold two to one by Audi and BMW.
The specialty chemicals maker said late on Monday it aims to reduce administrative costs by 250 million euros ($338 million) per year from 2016, becoming the latest in a string of European chemicals maker to announce cutbacks.
The real estate company said late on Monday it bought 450,000 square metres of office space in the German state of Hesse with a fair value of 800 million euros from CA Immobilien Anlagen AG.
TELEFONICA DEUTSCHLAND - Bernstein raises to "outperform"
EVONIK - HSBC starts with "neutral"; price target 32 euros
OVERSEAS STOCK MARKETS
Dow Jones +0.3 pct, S&P 500 +0.5 pct, Nasdaq +0.3 pct at Monday's close.
Nikkei -0.3 pct at 0500 GMT.
GERMAN ECONOMIC DATA
Business climate index for September from the Ifo think tank due at 0800 GMT, seen at 108.2, up from a reading of 107.5 in August.
EUROPEAN FACTORS TO WATCH
- White House reverses, says Obama met uncle and lived with him during law school
- South Africa, world mourn 'giant for justice' Mandela |
- Key U.S. lawmakers urge China to back off on air defense zone
- Decaying steel town gets movie star turn in 'Out of the Furnace'
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image