FRANKFURT, June 12 (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 0615 GMT.
The following are some of the factors that may move German stocks on Thursday:
Indicated 0.1 pct lower
Private equity-owned chemical distributor Univar is poised to select Deutsche Bank, Goldman Sachs and Bank of America to lead an initial public offering, according to people familiar with the matter.
Allianz indicated 0.1 pct lower
Munich Re indicated 0.1 pct lower
Talanx indicated 0.5 pct lower
German insurer Provinzial Rheinland raised its estimate for damage claims caused by a storm in North-Rhine Westphalia this week to 40 million euros. Germany’s biggest insurers Allianz , Ergo and Talanx do not yet have an estimate for damage claims, they said.
French President Francois Hollande has convened a meeting with his prime minister and economy minister on Thursday over the fate of French industrial group Alstom, an official in his office said.
Japan’s Hitachi said it is in talks on joining Mitsubishi Heavy’s joint bid with the German engineering group for Alstom’s energy operations, the Nikkei business daily reported, citing a top Hitachi executive.
No indication available
Airbus does not expect any negative impact from the cancellation of 70 A350 aircraft by Dubai’s Emirates airline, the chief executive of the European planemaker said on Wednesday.
Indicated 0.5 pct higher
The airport operator said on Thursday that May passenger numbers at its main hub Frankfurt rose 3.7 percent and cargo was up 6.9 percent.
Indicated 0.1 pct lower
The group’s Australian subsidiary Leighton said it may sell its John Holland roads and rail business as Hochtief seeks to cut debt and potentially finance a bid for full ownership.
Indicated 0.4 pct higher
The Austrian family Humer aims to sell its 14.01 percent stake in the company, according to German daily Sueddeutsche Zeitung. There have been exploratory talks with representatives of the state government of Thuringia, the paper said, citing financial sources.
Morphosys indicated 2.1 pct higher
Merck indicated unchanged
The biotech company said on Thursday that it has entered a strategic collaboration with Merck’s drugs unit Serono to develop therapies that modulate the immune system’s natural ability to fight tumors.
Rhoen Klinikum - 0.25 eur/shr dividend proposed
Jenoptik - 0.20 eur/shr dividend proposed
Gagfah - no dividend proposed
Deutsche Wohnen - 0.34 eur/shr dividend
Indus - 1.10 eur/shr dividend
LUFTHANSA - Jefferies cuts to “hold”
LUFTHANSA - Credit Suisse cuts to “neutral” from “outperform”
Dow Jones -0.6 pct, S&P 500 -0.4 pct, Nasdaq -0.1 pct at Wednesday’s close.
Nikkei -0.6 pct at Thursday’s close.
German wholesale prices decreased 0.1 percent in May versus April and dropped 1.3 percent compared with a year earlier.
REUTERS TOP NEWS (Reporting by Edward Taylor, Kirsti Knolle; Editing by Jonathan Gould)