August 22, 2017 / 5:08 AM / a month ago

German stocks - Factors to watch on August 22

FRANKFURT/BERLIN, Aug 22 (Reuters) - The DAX top-30 index looked set to open 0.4 percent higher on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0600 GMT.

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

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

BAYER

The European Commission is aiming to complete on Tuesday its initial review of Bayer’s takeover of Monsanto.

VOLKSWAGEN

Wendelin Goebel, a Volkswagen executive, is slated to become a board member in charge of human resources at Audi, according to a joint report on Tuesday by Sueddeutsche Zeitung, NDR, and WDR. Volkswagen and Audi declined to comment on the report.

AIR BERLIN

Air Berlin’s Chief Executive Thomas Winkelmann is confident of soon having positive news about negotiations with investors, he told Handelsblatt. Winkelmann said Air Berlin was talking with at least two interested parties as well as Lufthansa .

ZOOPLUS

Zooplus said its first-half gross margin dipped to 24.5 percent from 24.9 percent a year ago due to the “persistent, very intense competitive environment”. Sales rose 21 percent to 517 million euros.

GERMAN ECONOMIC DATA

German August ZEW due at 0900 GMT. Economic sentiment seen at 15.0 versus 17.5 in July. Current conditions seen at 85.5 versus 86.4 in July.

OVERSEAS STOCK MARKETS

Dow Jones +0.1 pct, S&P 500 +0.1 pct, Nasdaq -0.1 pct at close.

Nikkei -0.1 pct, Shanghai stocks +0.1 pct.

Time: 6.30 GMT.

GERMAN ECONOMIC DATA

German *period* data type due at xxxx GMT. Seen +/-x.x m/m, +/-x.x y/y. (ex. German October retail sales due at 0600 GMT. Seen +0.3 pct m/m, -1.0 pct y/y)

No economic data scheduled.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS (Reporting by Tom Sims)

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