German stocks - Factors to watch on May 4
FRANKFURT, May 4 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.8 percent higher on Monday, according to pre-market data from brokers at 0610 GMT.
Factors that may move German stocks on Monday:
VOLKSWAGEN (VOWG.DE), PORSCHE (PSHG_p.DE)
VW indicated 0.9 percent lower
Porsche indicated 1.1 percent higher
The Porsche and Piech families are set to decide on Wednesday over a possible sale of Porsche AG to VW with a ownership likely split along family lines. [ID:nL2014250] [ID:nL2085901]
Separately, the supervisory board chairman of German government rescue fund Soffin said he was against state aid for Volkswagen Bank (VOWGg.F). [ID:nL0454308]
VW's U.S. sales of cars and light truck fell 16.1 percent in April, Audi sales fell 9.3 percent and Porsche sales fell 35.3 percent. [ID:nN01335039] [ID:nN01335995] [ID:nN01319788]
Related news [VOWG.DE-E] [PSHG_p.DE]
DAIMLER (DAIGn.DE)
Indicated 1.2 percent higher
U.S. April sales fell 28.1 percent. [ID:nN01326318]
Related news [DAIGn.DE-E]
