FRANKFURT, July 1 The DAX top-30 index
looked set to open 0.1 percent higher on Tuesday, according to
premarket data from brokerage Lang & Schwarz at 0609 GMT.
The following are some of the factors that may move German
BMW indicated 0.2 percent higher
Daimler indicated 0.1 percent higher
Volkswagen indicated unchanged
Brazil will extend a tax break for the car and furniture
industries until the end of the year to help boost sales
depressed by a slowing economy, the government said on Monday.
Separately, BMW said it would make an announcement in Mexico
on July 3, all but confirming a widely expected decision to
build a new factory to meet growing demand for premium cars,
shortly after its rival Daimler announced similar plans.
COMMERZBANK, DEUTSCHE BANK
Commerzbank indicated unchanged
Deutsche Bank indicated 0.3 percent higher
Unions and representatives of the private and public banking
sectors have reached an agreement for 210,000 German bank staff
for a 4.5 percent pay increase in two steps in an agreement
running through April 2016, the two sides said on Monday.
Indicated 0.1 percent higher
Deutsche Boerse plans to expand operations outside the euro
area to give non-European clients an opportunity to avoid the
bloc's proposed financial transaction tax, four people familiar
with the exchange operator's thinking told Reuters.
Fresenius indicated unchanged
Rhoen-Klinikum indicated 1.7 percent lower
Fresenius sold the 5 percent stake in Rhoen-Klinikum that it
acquired in 2012 as part of its takeover bid for the German
hospitals chain. A sales document seen by Reuters showed the
shares were offered at 23.10-23.50 euros apiece.
ThyssenKrupp indicated 0.3 percent higher
Salzgitter indicated unchanged
Labour union IG Metall plans warning strikes at sites of
Outokumpu, Thyssenkrupp and Salzgitter as it seeks to
raise pressure on employers to make a wage offer, a union
official said on Monday.
No indication available in Frankfurt
Poland has shortlisted a consortium of France's Thales
and European group MBDA, as well as U.S. firm Raytheon
, in its tender for a mid-range missile defence system,
the defence ministry said in a statement.
Indicated 6.5 percent lower
Bilfinger slashed its 2014 outlook on Monday, blaming
fallout from Germany's transition to renewable energy for its
BORUSSIA DORTMUND, PUMA
No indication for Borussia Dortmund available
Puma indicated 0.1 percent higher
Puma is in talks to take a stake in German first-division
soccer club Borussia Dortmund, Handelsblatt newspaper reported
on Monday, citing company sources.
QSC - JP Morgan cuts the stock to "neutral" from
"overweight", lowers its price target to 3.50 euros from 4.40
KLOECKNER & CO - Credit Suisse cuts the stock to
"underperform" from "outperform"
OVERSEAS STOCK MARKETS
Dow Jones -0.2 pct, S&P 500 -0.04 pct, Nasdaq
+0.2 pct at Monday's close.
Nikkei +1.1 pct at Tuesday's close.
Europe's largest online fashion retailer, Zalando, is
considering reducing the size of its stock market listing,
people familiar with the transaction said on Monday.
GERMAN ECONOMIC DATA
Seasonally adjusted unemployment data for June due at 0755
GMT. The mid-range forecast in a Reuters poll is for a drop of
10,000 and for the unemployment rate to hold steady at 6.7
Markit's Purchasing Managers' Index (PMI) for the German
manufacturing sector in June due at 0755 GMT, with the consensus
forecast for a steady reading at 52.4.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
(Reporting by Jonathan Gould and Maria Sheahan)