FRANKFURT Oct 19 The DAX top-30 index
looked set to open 0.5 percent higher on Wednesday, according to
premarket data from brokerage Lang & Schwarz at 0626 GMT.
The following are some of the factors that may move German
E.ON indicated 0.8 percent higher
RWE indicated 0.6 percent higher
ENBW - no indication available
German cabinet due to approve legislation under which
Germany's leading utilities will start contributing next year to
a 23.6 billion euro ($26.4 billion) fund as a condition for
shifting liability for nuclear waste storage to the government.
No indication available
German prosecutors have dropped an investigation into the
group's defence unit over alleged corruption linked to contracts
with Saudi Arabia and Romania, newspaper Die Welt reported.
The Munich prosecutor's office said that no proof for the
allegations, brought forward in December 2014, were found.
Indicated 0.1 percent higher
Greek lawmakers agreed on Tuesday to remove parliament's
right to veto any change in a shareholders' agreement
controlling telecoms group OTE, paving the way for the
state's sale of a 5 percent stake worth some 200 million euros
Indicated 0.5 percent lower
German flagship carrier Lufthansa said on Tuesday it had
banned Samsung's Galaxy Note 7 mobile phones from
all of its flights with immediate effect.
Indicated 0.2 percent higher
A federal judge in San Francisco on Tuesday said he was
"strongly inclined" to approve a record-setting $10.033 billion
proposed buyback and compensation offer from VW for 475,000
owners of polluting 2.0-liter diesel vehicles.
Volkswagen suppliers seem keen to avoid more disputes with
the company even as they face growing pressure from Europe's
largest automaker to accept price cuts.
Separately, the head of Volkswagen's subsidiary Audi, Rupert
Stadler, told newspaper Heilbronner Stimme that a decision over
the production site of the company's new electric cars hasn't
been determined yet.
Separately, Handelsblatt reported that Volkswagen has only
retrofitted a small amount of cars effected by the company's
diesel scandal in Germany. Out of 2,555,880 cars, only around
240,000 vehicles, or about 10 percent, have been remodelled.
Indicated 0.9 percent higher
Metro reported a 0.5 percent decline to 14.2 billion euros
($15.59 billion) in fourth-quarter sales, slightly below a
Reuters consensus for 14.29 billion euros. Poll:
Indicated 4.8 percent higher
Online fashion group Zalando raised its outlook for
full-year adjusted EBIT margin after reporting revenue growth in
the third quarter.
OVERSEAS STOCK MARKETS
Dow Jones +0.4 pct, S&P 500 +0.6 pct, Nasdaq
+0.9 pct at close.
Nikkei +0.1 pct, Shanghai stocks unchanged.
Time: 5.36 GMT.
GERMAN ECONOMIC DATA
No economic data scheduled.
EUROPEAN FACTORS TO WATCH
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($1 = 0.9108 euros)
(Reporting by Tina Bellon)