BERLIN/FRANKFURT, Dec 19 (Reuters) - The DAX top-30 index looked set to open unchanged on Monday, according to premarket data from brokerage Lang & Schwarz at 0713 GMT.
The following are some of the factors that may move German stocks:
BMW indicated 0.3 percent lower
Daimler indicated 0.5 percent lower
Volkswagen indicated 0.1 percent lower
Nissan Motor Co, Renault SA and Mitsubishi Motors Corp will combine their electric vehicle platforms in an effort to slash prices down to levels comparable to conventional gasoline cars, the Nikkei newspaper said.
Indicated 0.5 percent lower
Daimler does not expect Donald Trump to favour U.S. carmakers over their European counterparts, the carmaker’s chief executive told a German paper, shrugging off concerns over the president-elect’s protectionist rhetoric during his campaign.
Deutsche Bank indicated 0.3 percent higher
Commerzbank indicated 0.2 percent lower
Aareal indicated 0.3 percent lower
The number of banks in Germany will continue to fall in 2017, particularly due to consolidation, Andreas Dombret, the Bundesbank’s top official for bank regulation, told daily Bild.
Separately, a unit of Deutsche Bank conceded that it misled investors and violated securities laws and will pay more than $40 million to settle charges that it misinformed clients about how it routed orders to anonymous trading platforms known as dark pools, regulators said on Friday.
Indicated 0.2 percent lower
Praxair and Linde AG, the industrial gas companies that agreed earlier this month to revive merger talks, are close to finalising the terms of the potential deal, people familiar with the matter said on Friday.
Lufthansa indicated 0.1 percent lower
Air Berlin indicated 5.1 percent higher
Lufthansa is interested in taking over the rest of Air Berlin’s operations, with the appointment of Lufthansa executive Thomas Winkelmann as new Air Berlin CEO, announced on Sunday, to pave the way, Handelsblatt and manager magazin reported.
Indicated 0.1 percent lower
A U.S. judge has set a Monday deadline for an agreement over Volkswagen’s plan to address 80,000 polluting Audi, Porsche and VW 3.0-liter vehicles.
A person briefed on the settlement told Reuters VW has agreed to pay more than $200 million into a fund created to cut diesel pollution as part of the agreement.
Separately, the Wall Street Journal cited a source as saying Volkswagen’s costs in its diesel-emissions scandal could rise by another $1 billion as it nears a deal to resolve claims connected to larger and luxury diesel vehicles.
Also, a China Central Television (CCTV) report on Sunday highlighted complaints by the country’s safety watchdog this year that some imported brake pads destined for vehicles sold by global automakers, including Volkswagen and Toyota Motor were found to be faulty.
Vonovia’s takeover offer for Austria’s Conwert ends at 1600 GMT.
Down 0.5 percent in early Frankfurt trade
IranAir has trimmed its planned order from Europe’s Airbus to 100 planes, partly by dropping superjumbo A380s, the flag carrier’s head said on Sunday, confirming an adjustment first reported by Reuters.
Indicated 0.4 percent higher
The energy group could provide charging stations to a group of carmakers by joining the consortium, chief executive Peter Terium was quoted as saying by Sueddeutsche Zeitung on Monday. Innogy said last week it would be interested in supplying charging stations to the consortium.
Down 0.7 percent in early Frankfurt trade
The property company plans to double its portfolio by 2020 and has enough funds for expansion for the next 12-18 months, CFO Florian Goldgruber told Boersen-Zeitung in an interview published on Saturday.
Indicated 7.5 percent higher
The roof tile maker on Sunday agreed to be taken over by U.S. rival Standard Industries, ending its resistance to the bid after Standard Industries raised its offer, valuing the company at around $1.2 billion.
BAYER - Jeffereies raises to “buy”, lifts target price to 115 euros
GRENKE - Berenberg raises to “buy” from “hold”, cuts target price to 173 euros from 197 euros.
Dow Jones unchanged, S&P 500 -0.2 pct, Nasdaq -0.4 pct at close.
Nikkei -0.1 pct, Shanghai stocks -0.2 pct.
Time: 7.19 GMT.
German Ifo index for December due at 0900 GMT. Business climate seen at 110.7 vs 110.4, Current Conditions at 115.9 vs 115.6, Expectations at 105.6 vs 105.5.
REUTERS TOP NEWS (Reporting by Victoria Bryan and Maria Sheahan)