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
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Investigators focus on foul play behind missing Malaysia plane: sources |
- Kremlin website hit by 'powerful' cyber attack
- West prepares sanctions as Russia presses on with Crimea takeover |
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data