FRANKFURT/BERLIN, April 19 The DAX top-30 index
looked set to open 0.1 percent higher on Wednesday,
according to premarket data from brokerage Lang & Schwarz at
The following are some of the factors that may move German
BMW indicated 0.3 percent higher
Daimler indicated unchanged
VW indicated 0.9 percent higher
European car sales rose 10.9 percent in March, led by
buoyant demand in the region's top five markets and strong gains
for Toyota, Fiat Chrysler and Nissan
, according to industry data.
Daimler is in talks with local Chinese ride-hailing firms
including Didi Chuxing to discuss potential cooperation deals,
board member Hubertus Troska said on Wednesday. It has also yet
to choose a semiconductor partner for autonomous cars.
BMW Group expects sales in China to grow around 10 percent
this year while global sales are likely to climb 5 percent to
5.5 percent, BMW board member for sales and marketing Ian
Robertson said at the Shanghai auto show on Wednesday.
China's premium car market will grow 50 percent over the
next 10 years, the chief executive officer of Audi AG
said at the Shanghai auto show on Wednesday.
No indication available
The automotive supplier believes electric cars will take
hold more quickly than it first thought. It now expects that by
2030, 30 percent of cars will be electric and 40 percent hybrid,
group head Klaus Rosenfeld told Handelsblatt.
Indicated 3.8 percent lower
Europe's biggest pure online fashion retailer said on
Wednesday first-quarter sales growth slowed slightly as it
confirmed full-year targets.
ANNUAL GENERAL MEETINGS
RTL - 3.00 eur/shr dividend proposed
PROSIEBENSAT.1 MEDIA - Deutsche Bank cuts to
"hold" from "buy"
KLOECKNER & CO - DZ Bank raises to "hold" from
OVERSEAS STOCK MARKETS
Dow Jones -0.6 pct, S&P 500 -0.3 pct, Nasdaq
-0.1 pct at close.
Nikkei +0.1 pct, Shanghai stocks -1 pct.
Time: 5.01 GMT.
GERMAN ECONOMIC DATA
No economic data scheduled.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
(Reporting by Ludwig Burger and Victoria Bryan)