FRANKFURT, Oct 19 (Reuters) - The DAX top-30 index looked set to open 0.2 percent lower on Friday, according to premarket data from brokerage Lang & Schwarz at 0815 GMT.
The following are some of the factors that may move German stocks:
Indicated 0.2 percent lower
Indonesian workers at a factory that produces Adidas footwear clashed with police in an industrial dispute on Thursday and 13 people were injured, police and a spokesman for Adidas in Germany said.
Deutsche Bank indicated 1.0 percent lower
Commerzbank indicated 1.2 percent lower
Moody’s Investors Service said the outlook for Germany’s banking system remained negative, citing margin pressure due to intense competition, limited loan growth, Europe’s recession and deteriorating asset quality.
Separately, European Union leaders took a big stride towards establishing a single banking supervisor for the euro zone, agreeing it would enter into force next year, opening the way for the bloc’s rescue fund to inject capital directly into ailing banks.
Indicated 0.3 percent lower
The company plans to build a new assembly plant in Brazil, tapping into the growing market for luxury cars in Latin America’s largest economy.
Japan’s Softbank Corp, which is set to buy a 70 percent stake in U.S. wireless carrier Sprint Nextel Corp, would not rule out making a competing bid for MetroPCS Communications Inc, the Wall Street Journal reported.
Earlier this month, MetroPCS and T-Mobile USA, a Deutsche Telekom unit, said they hoped to set themselves up as the leading provider of wireless services to cost-conscious U.S. customers by combining their assets.
Indicated unchanged in Frankfurt
EADS defence unit Cassidian must improve its profitability and win more contracts quickly, Die Welt quotes the head of the division as saying in a letter to employees. Bernhard Gerwert says Cassidian will have to make up for insufficient business volumes in the medium-term.
Separately, EADS said it has invested tens of millions of dollars to develop an armed helicopter for a possible U.S. Army competition and will look to team up with defense contractors to pump up its non-Airbus U.S. sales to $10 billion by 2020.
Indicated 0.3 percent lower
The German reinsurer could pay more than 40 percent of 2012 net profit as a dividend, Chief Executive Ulrich Wallin said.
Indicated 18.5 percent lower
SMA late on Thursday said it expects a severe decline in sales and that it may even post a loss in 2013, blaming subsidy cuts in photovoltaics and a steep downturn in Europe.
Dow Jones -0.1 pct, S&P 500 -0.2 pct, Nasdaq -1 pct at Thursday’s close.
Nikkei +0.2 pct at Friday’s close.
FRESENIUS MEDICAL CARE - Berenberg cuts the stock to “hold” from “buy”
SIEMENS - Nomura starts the stock with a “neutral” rating and a target price of 85 euros
SMA SOLAR - Macquarie cuts the stock to “underperform” from “neutral”
September producer prices +0.3 pct m/m, +1.7 pct y/y. Were seen +0.3 pct m/m, +1.6 pct y/y.
REUTERS TOP NEWS (Reporting by Edward Taylor and Christoph Steitz)