December 5, 2012 / 6:16 AM / 5 years ago

German stocks - Factors to watch on December 5

2 Min Read

FRANKFURT, Dec 5 (Reuters) - The DAX top-30 index looked set to open 0.7 percent lower on Wednesday, according to premarket data from brokerage Lang & Schwarz at 0705 GMT.

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

Allianz, Munich Re, Hannover Re

Allianz indcated 0.7 percent higher

Munich Re indicated 0.4 percent higher

Hannover Re indicated 0.3 percent higher

The owners of German public sector insurer Provinzial Nordwest will decide very soon if and how the unit will be put up for sale, one of the owners, the Westfalen-Lippe savings bank association said on Tuesday.

Related news

Analysts' Views

SKY DEUTSCHLAND - Nomura has raised the stock to "buy" from "neutral".

Overseas Stock Markets

Dow Jones -0.1 pct, S&P 500 -0.2 pct, Nasdaq -0.2 at Tuesday's close.

Nikkei +0.4 pct at Wednesday's close.

Economic Data

Markit's final estimate of German Services PMI is expected at 0853 GMT. According to a Reuters poll of 30 economists, the initial flash reading of 48.0 is expected to be confirmed.

European Factors to Watch

Diaries

REUTERS TOP NEWS (Reporting by Christiaan Hetzner and Harro ten Wolde)

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