February 21, 2017 / 6:19 AM / 6 months ago

German stocks - Factors to watch on February 21

BERLIN/FRANKFURT, Feb 21 (Reuters) - The DAX top-30 index looked set to open unchanged on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0722 GMT.

The following are some of the factors that may move German stocks:

BAYER

Indicated unchanged

Dividend announcement for 2016 due.

VOLKSWAGEN

Indicated 0.3 percent higher

Luxury division Audi is considering filing charges against unknown persons over false accusations and illegal disclosure of confidential business information in connection with its diesel emissions scandal, a spokesman said, confirming a report in Handelsblatt.

A German labour court will hear the case of a former senior Audi engineer who is suing the carmaker for continued employment after he was fired over investigations into the emissions scandal.

Volkswagen has fixed 470,000 cars out of 1.2 million units affected by the diesel emissions scandal in Britain, the firm's UK managing director told lawmakers on Monday.

Separately, a junior transport minister in Britain said the country would seek more information from Germany for a possible probe into VW over emissions.

HOCHTIEF

Indicated 0.1 percent lower

Australian unit CIMIC says its UGL was won a maintenance services contract from Esso Australia.

KOENIG & BAUER

Indicated 0.3 percent higher

The company proposed a dividend of 0.50 euros per share for 2016 and set new financial targets for 2017-21.

VTG

Indicated 0.4 percent higher

Q4 results due.

WACKER NEUSON

Indicated 2.8 percent higher

The company is sounding out market interest in a real estate division.

ANALYSTS' VIEWS

DIALOG SEMICONDUCTOR - JP Morgan raises to "overweight" from "underweight", lifts target price to 52 euros from 30 euros.

OVERSEAS STOCK MARKETS

US markets closed.

Nikkei +0.7 pct, Shanghai stocks +0.4 pct.

Time: 7.35 GMT.

GERMAN ECONOMIC DATA

German February flash PMI due at 0830 GMT. Manufacturing PMI seen at 56.0 points vs 56.4, services PMI at 53.7 vs 53.4, composite PMI at 54.7 vs 54.8.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS (Reporting by Andreas Cremer and Ludwig Burger)

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