FRANKFURT Feb 4 The DAX top-30 index
looked set to open 0.9 percent lower on Tuesday, according to
premarket data from brokerage Lang & Schwarz at 0710 GMT.
The following are some of the factors that may move German
BMW indicated 1.3 percent lower
Daimler indicated 2.1 percent lower
Volkswagen indicated 2.3 percent lower
Car sales data for Germany to be released later on Tuesday.
Data published on Monday showed U.S. vehicle sales of
Volkswagen down 19 percent, Mercedes-Benz down 1.5 percent, BMW
up 3 percent.
Separately, workers at VW's Tennessee plant are to vote on
whether they wish to be represented by the United Auto Workers
union will be held Feb. 12-14, the German automaker and U.S.
union said on Monday.
Commerzbank indicated 3.6 percent lower
Deutsche Bank indicated 1.2 percent lower
European banks have loaned in excess of $3 trillion to
emerging markets, more than four times U.S. lenders and putting
them at greater risk if financial market turmoil in countries
such as Turkey, Brazil, India and South Africa
Indicated 1.5 percent lower
Federal Communications Commission Chairman Tom Wheeler
expressed his skepticism about a potential merger between Sprint
Corp and T-Mobile US Inc in a meeting with Sprint Chairman
Masayoshi Son on Monday, according to an FCC official briefed on
Munich Re raised its dividend to 7.25 euros per share from
7.00 euros after reporting a surprise rise in 2013 net profit
that was above the highest forecast in a Reuters poll of banks
Indicated 0.9 percent lower
The utility is assessing whether it can tie executives'
bonuses to how they address its indebtedness, the Wall Street
Journal reported late Monday, citing people familiar with the
LANXESS - Berenberg raises its recommendation on
the stock to "buy" from "hold", lifts its target price to 61
euros from 52 euros.
LUFTHANSA - Credit Suisse raises its target price
on the stock to 21.35 euros from 19.50 euros, with an
AURUBIS - Societe Generale cuts the stock to
"hold" from "buy", lowers its target price to 44 euros from 51
SKY DEUTSCHLAND - Berenberg raises the stock to
"buy" from "hold".
PORSCHE AUTOMOBIL HOLDING - Berenberg starts the
stock with "buy" and a price target of 100 euros.
OVERSEAS STOCK MARKETS
Dow Jones -2.1 pct, S&P 500 -2.3 pct, Nasdaq
-2.6 pct at Monday's close.
Nikkei -4.2 pct at Tuesday's close.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
($1 = 0.7415 euros)
(Reporting by Maria Sheahan, Victoria Bryan and Edward Taylor)