FRANKFURT, July 1 (Reuters) - 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 stocks:
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 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 woes.
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 euros.
KLOECKNER & CO - Credit Suisse cuts the stock to “underperform” from “outperform”
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.
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 percent.
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.
REUTERS TOP NEWS (Reporting by Jonathan Gould and Maria Sheahan)