FRANKFURT, June 27 (Reuters) - The DAX top-30 index looked set to open 0.2 percent lower on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0607 GMT.
The following are some of the factors that may move German stocks:
Indicated 7 percent lower
Private equity groups Bain Capital and Cinven failed to win the required shareholder acceptances to take over German generic drugmaker Stada STAGn.DE, the companies said in a statement.
Commerzbank indicated 0.1 percent lower
Deutsche Bank indicated unchanged
Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.
Indicated 0.2 percent lower
Glyphosate, an herbicide and the active ingredient in Monsanto’s popular Roundup weed killer, will be added to California’s list of chemicals known to cause cancer effective July 7, the state’s Office of Environmental Health Hazard Assessment (OEHHA) said on Monday.
Indicated 0.8 percent lower
U.S. wireless carrier Sprint has started exclusive talks with Charter Communications and Comcast about a partnership, sources familiar with the matter told Reuters. That puts its merger talks with T-Mobile US on hold till the end of July, they said.
Also, Moody’s has upgraded Deutsche Telekom-controlled telecoms operator OTE to B3 from Caa2.
Indicated 0.5 percent lower
Volkswagen said it was cooperating with U.S. technology firm Nvidia to expand its competence in the field of deep learning, a form of artificial intelligence that processes vast amounts of data.
Indicated 0.3 percent higher
The real estate company said it signed a new lease for its asset Washingtonstrasse 16/16a in Dresden, which would generate annual rental income of 155,000 euros.
Indicated 1.2 percent lower
Investor General Atlantic will place 2.25 million or 2.1 percent of outstanding shares.
Down 11 percent in early Frankfurt trade
The automotive supplier slashed its profit guidance late on Monday, saying it now saw its 2017 adjusted EBIT margin at 11 to 12 percent, having previously seen 12 to 13 percent.
TLG indicated 0.2 percent lower
WCM up 1.2 percent in early Frankfurt trade
TLG Immobilien launched its public takeover offer for all shares in WCM, which it said would run through Sept. 5.
Shares in Vapiano to start trading on the Frankfurt stock exchange. The group set its IPO issue price at 23 euros per share.
S&T - 0.10 eur/shr dividend proposed
DEUTSCHE BOERSE - Exane BNP Paribas cuts to “neutral”
DEUTSCHE POST - Bernstein starts with “market perform” rating
LUFTHANSA - RBC raises to “outperform” from “sector perform”, lifts target price to 30 euros from 12.50 euros. Bernstein starts with “underperform”
Dow Jones +0.1 pct, S&P 500 unchanged, Nasdaq -0.3 pct at close.
Nikkei +0.4 pct, Shanghai stocks -0.1 pct.
Time: 6.11 GMT.
No economic data scheduled.
REUTERS TOP NEWS (Reporting by Harro ten Wolde and Maria Sheahan)