FRANKFURT, April 5 (Reuters) - The DAX top-30 index looked set to open 0.4 percent higher on Thursday, according to premarket data from brokerage Lang & Schwarz at 0610 GMT.
The following are some of the factors that may move German stocks:
Daimler indicated 4.3 percent lower (ex-dividend)
Volkswagen indicated 0.7 percent higher
BMW indicated 0.9 percent higher
The German carmakers are against any sort of European Union intervention that would help companies shut down excess automotive factories, carmakers’ lobby group ACEA president Sergio Marchionne said. The Fiat CEO also said European new car sales will decline for the fifth year in a row.
Indicated 0.7 percent higher
Nike Inc beat its rival Reebok International, owned by Adidas, in court on Wednesday in a legal pile-up over the use of popular National Football League quarterback Tim Tebow’s name and number on shirts of his new team, the New York Jets.
Indicated 0.6 percent higher
The consumer goods group’s cosmetics division is winning market share in Europe, Hans van Bylen, head of the division, told Handelsblatt.
Indicated 0.5 percent higher
The German airline, partly owned by Gulf carrier Etihad, said passenger numbers fell 1.1 percent in March, although it was able to fly with fuller planes in the month.
DAIMLER - 2.20 euros/shr
Dow Jones down 1 pct, S&P 500 down 1 pct, Nasdaq down 1.5 pct at Wednesday’s close.
Nikkei down 0.5 pct at Thursday’s close.
February industrial out due at 1000 GMT. Seen down 0.5 percent m/m, compared to a 1.6 percent rise in the previous month.
REUTERS TOP NEWS (Reporting by Marilyn Gerlach and Victoria Bryan)