German stocks - Factors to watch on February 24
FRANKFURT Feb 24 (Reuters) - The DAX top-30 index looked set to open 0.3 percent lower on Monday, according to premarket data from brokerage Lang & Schwarz at 0711 GMT.
The following are some of the factors that may move German stocks:
Indicated 2.2 percent lower
The carmaker plans to buy out minority shareholders of Swedish trucks division Scania for 6.7 billion euros ($9.21 billion), which will be partly financed by issuing new preference shares and hybrid capital.
Separately, the United Auto Workers filed an appeal with the U.S. government on Friday, asking it to set aside the results of an election last week where workers at a Tennessee Volkswagen plant voted not to join the union.
Also, Germany's Federal Motor Transport Authority (KBA) is examining two incidents in which Porsche 911 GT3 cars caught fire, daily newspaper Bild reported, citing a KBA spokesman.
Bayer's takeover offer for Algeta ASA is due to end on Monday.
Deutsche Bank has laid out plans to reduce its U.S. balance sheet as the U.S. Federal Reserve adopts new rules to shield the country's taxpayers from costly bailouts, the Financial Times reported on Sunday.
E.ON indicated 0.6 percent lower
RWE indicated 0.6 percent lower
Germany's utilities should pool their struggling hard coal plants into a joint entity, the head of a labour union said, in a bid to save jobs and reduce costs as a rise in renewables has driven many conventional power plants into loss.
Indicated 0.1 percent higher
The consumer goods group said the Henkel family has extended its share-pooling agreement which covers around 59 percent of the voting rights in the company.
No indication available in Frankfurt
Airbus will demand the German defence ministry pay a three-digit-million euro sum for cancelling its planned purchase of Eurofighter jets, Der Spiegel magazine said on Sunday, citing unnamed sources.
DMG MORI SEIKI
Indicated 1.6 percent higher
The engineering group said on Monday it expected its order intake to reach about 550 million euros in the first quarter, adding its full-year 2013 orders exceeded 2 billion euros.
Indicated 0.3 percent lower
The planned flotation of a stake in the German retailer's Russian wholesale business could come around Easter, its chief executive told a German newspaper.
No indication available
Osram has not held any talks with Siemens over whether and when the engineering group may cut its stake in the lighting maker from currently close to 20 percent, Sueddeutsche Zeitung quoted Osram Chairman Peter Bauer as saying in an interview published on Monday.
Indicated 1.6 percent lower
The hospitals operator missed its own 2013 pretax profit target by 24 percent, Der Spiegel magazine reported, citing internal documents. Rhoen-Klinikum was not immediately available for comment.
Indicated 0.5 percent higher
The photofinishing company will increase its dividend for the 2013 business year if the macroeconomic conditions are favourable, Chief Financial Officer Olaf Holzkaemper told Euro am Sonntag newspaper on Saturday.
No indication available
2013 results due.
VOLKSWAGEN - Barclays cuts the stock to "equal weight" from "overweight", lowers its target price to 202 euros from 225 euros.
QSC - JP Morgan raises the stock to "overweight" from "neutral".
OVERSEAS STOCK MARKETS
Dow Jones -0.2 pct, S&P 500 -0.2 pct, Nasdaq -0.1 pct at Friday's close.
Nikkei -0.2 pct at Monday's close.
GERMAN ECONOMIC DATA
German Ifo index for February due at 0900 GMT. Business climate index seen unchanged at 110.6, current conditions at 112.8 vs 112.4 and expectations at 108.2 vs 108.9.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS ($1 = 0.7275 euros) (Reporting by Maria Sheahan and Marilyn Gerlach)