FRANKFURT, Jan 16 (Reuters) - The DAX top-30 index looked set to open 0.1 percent higher on Thursday, according to premarket data from brokerage Lang & Schwarz at 0726 GMT.
The following are some of the factors that may move German stocks:
BMW indicated 0.3 percent higher
Daimler indicated 0.1 percent higher
Volkswagen indicated 0.2 percent higher
Renault, Volkswagen and Ford spurred monthly European car sales to their highest year-on-year gain in four years in December, industry data showed, as sector recovery spreads to Mediterranean markets.
Separately, United Auto Workers President Bob King said on Wednesday that he is confident the U.S. union will be able to organize workers at the Volkswagen plant in Tennessee by the time he leaves office in June.
BASF indicated 0.6 percent higher
Bayer indicated 0.2 percent lower
A round of pay talks for the 550,000 employees of the German chemical industry ended without agreement on Wednesday, with negotiations scheduled to resume on Feb. 4-5.
Deutsche Bank indicated 0.1 percent higher
Commerzbank indicated 0.6 percent higher
The European Central Bank said it has not yet decided on the capital requirement it will set banks for a simulated recession in stress tests later this year.
Separately, Deutsche Bank co-CEO Juergen Fitschen said Deutsche Bank could not rush through the cultural change needed to regain lost trust in the lender. “This is a process that takes time,” he said at a New Year’s reception in Berlin.
Unipol said on Wednesday Allianz SpA had made an offer to buy some assets it must sell for antitrust reasons and the Italian insurer will discuss the proposal at meetings called for Jan. 21.
Separately, catastrophe insurance data provider Perils estimated wind storm Xaver in early December caused 680 million euros in insured damage in Europe.
Indicated 0.1 percent higher
The maker of Nivea skin care creams, reported a smaller than expected rise in 2013 sales on Thursday, but maintained its full-year profit target. It also extended the contract of its chief executive by five years.
The company is set to name Sabine Maassen as the new deputy chairwoman of its supervisory board, making her the first woman ever to be the top representative of labour union IG Metall on the board, daily Handelsblatt reported, citing company sources.
The newspaper also says that ThyssenKrupp shareholder Union Investment opposes the planned appointment of former Deutsche Telekom CEO Rene Obermann to the steelmaker’s supervisory board.
No indication available in Frankfurt
France said on Wednesday it was launching the sale of around 1 percent of the capital of Airbus via an accelerated placement with institutional investors but the sale will not change the France’s position in the governance of the company.
Indicated 0.7 percent higher
Moody’s upgraded TUI’s corporate family rating (CFR) to B2 from B3 and changed the outlook on TUI’s ratings to stable from positive.
Indicated 2.9 percent lower
The judge examining whether Air Berlin can claim tens of millions of euros in damages over the delayed opening of Berlin’s new airport has said he needed more information on the two sides’ contractual relationship.
Separately, Air Berlin said on Thursday it was increasing the volume of a bond issued in 2011 to refinance another bond maturing this year.
Dow Jones +0.7 pct, S&P 500 +0.5 pct, Nasdaq +0.8 pct at Wednesday’s close.
Nikkei -0.4 pct at Thursday’s close.
Germany’s consumer price inflation for December was confirmed at 0.4 percent month-on-month and 1.4 percent year-on-year while annual inflation for 2013 was confirmed at 1.5 percent, the Federal Statistics Office said.
REUTERS TOP NEWS (Reporting by Jonathan Gould and Maria Sheahan)