FRANKFURT/BERLIN May 24 The DAX top-30 index
looked set to open 0.1 percent lower on Wednesday,
according to premarket data from brokerage Lang & Schwarz at
The following are some of the factors that may move German
Indicated 1.5 pct higher
The residential real estate company raised its guidance to
take into account earnings from Austrian property group Conwert
, which it agreed to acquire in September.
Indicated 0.3 pct higher
Q1 results due.
Indicated 2.2 pct lower
Deutsche Bank and Bankhaus Lampe launched an accelerated
placement of up to 2,345,874 shares. The shares come from a
non-pooled family shareholding. Shares were placed at 45.50
euros a share.
Up 1.2 pct in early Frankfurt trading
Global Fashion Group (GFG), the emerging markets fashion
retailer set up by Rocket Internet, agreed to sell a majority
stake in its Middle East unit Namshi to Emaar Malls
for $151 million.
GFG also reported a smaller Q1 loss.
ANNUAL GENERAL MEETINGS
BILFINGER - 1.00 eur/shr dividend proposed
MEDIGENE - no dividend proposed
GRAMMER - 1.30 eur/shr dividend proposed
INDUS HOLDING - 1.35 eur/shr dividend proposed
VOSSLOH - no dividend proposed
MAN SE - 3.07 eur/shr dividend proposed
EVONIK - dividend 1.15 eur/shr
FRAPORT - dividend 1.50 eur/shr
HUGO BOSS - dividend 2.60 eur/shr
NORMA - dividend 0.95 eur/shr
PFEIFFER VACUUM - dividend 3.60 eur/shr
SMA SOLAR - dividend 0.26 eur/shr
BAYWA - dividend 0.85 eur/shr
KOENIG & BAUER - dividend 0.50 eur/shr
TLG IMMOBILIEN - dividend 0.80 eur/shr
BEIERSDORF - DZ Bank cuts to "hold" from "buy"
HELLA - Morgan Stanley lowers to "equal-weight"
OVERSEAS STOCK MARKETS
Dow Jones +0.2 pct, S&P 500 +0.2 pct, Nasdaq
+0.1 pct at close.
Nikkei +0.7 pct, Shanghai stocks -0.7 pct.
Time: 6.10 GMT.
GERMAN ECONOMIC DATA
German GfK consumer sentiment index rose to 10.4 going into
June, the highest reading since October 2001.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS
(Reporting by Edward Taylor and Victoria Bryan)