FRANKFURT, July 4 The DAX top-30 index
looked set to open unchanged on Friday, according to premarket
data from brokerage Lang & Schwarz at 0622 GMT.
The following are some of the factors that may move German
Indicated 0.1 percent higher
The insurer holds its Capital Markets Day in London.
The luxury carmaker revealed a $1 billion Mexican plant
investment on Thursday, becoming the latest in a line of major
automakers to take advantage of the country's growing industrial
base and tariff-free access to the U.S. market.
BMW outlined plans to build a factory near San Luis Potosi,
central Mexico, in a move that will reduce the German company's
dependence on higher-cost plants at home.
Indicated 0.2 percent lower
Accusations by a U.S. agency that T-Mobile US Inc
charged customers millions of dollars in unauthorized charges
were sensational and exaggerated, its chief executive officer
said on Thursday.
Indicated 0.1 percent lower
The carmaker sold more than three million cars of its VW
brand in the first half of 2014, Chief Executive Martin
Winterkorn said on Thursday.
It was the first time that six months sales hit that level,
Winterkorn said at a presentation of the new Passat model in
Up 0.5 percent in Frankfurt trading
The fashion house opens a new distribution centre in
Filderstadt in southern Germany. CEO Claus-Dietrich Lahrs will
be on site.
Indicated 0.3 percent lower
In the fierce struggle for power between Media Saturn and
the group's founder Erich Kellerhals, the group's management
aligned itself with acting CEO Pieter Haas as a shareholders'
meeting is about to decide about his removal on Friday, German
daily Sueddeutsche Zeitung said.
In a letter to Media Saturn owner Metro and to
Kellerhals, who still owns 22 percent of the consumer
electronics chain, the seven managers warned that the group's
capacity to act might be at risk, the paper said.
Kellerhals' legal attempts to get rid of Haas had led to a
new escalation level in the relation between shareholders and
managers, the paper quoted from the internal letter.
The retail group has initiated the sale of all its divisions
excluding the perfume shop, a precondition for a possible return
on the stock market, German daily Frankfurter Allgemeine Zeitung
Investment bank JP Morgan was mandated to find a
buyer for the jewellery subsidiary Christ, the paper said. The
group, which is owned by U.S. private equity group Advent and
the founding family Kreke, would aim to go public in spring
2015, FAZ said.
FIELMANN - dividend 2.90 eur/shr
MOBOTIX - DZ Bank cuts to "sell" from "buy"
OVERSEAS STOCK MARKETS
Dow Jones +0.54 pct, S&P 500 +0.55 pct, Nasdaq
+0.63 pct at Thursday's close.
Nikkei +0.52 pct at 0514 GMT.
GERMAN ECONOMIC DATA
German May industrial orders due at 0600 GMT. Seen +1.0 pct.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
(Reporting by Kirsti Knolle and Jonathan Gould)