FRANKFURT, Jan 25 (Reuters) - The DAX top-30 index looked set to open unchanged on Friday, according to premarket data from brokerage Lang & Schwarz at 0705 GMT.
The following are some of the factors that may move German stocks:
Indicated 0.3 percent lower
Credit rating agency Moody’s cut ThyssenKrupp’s debt to “junk” status, citing challenging market conditions and losses at the German steelmaker’s mills in Brazil and the United States.
The German carmaker is using new high-strength steel to make cars lighter and comply with strict emissions rules, confounding forecasts that aluminium would be the metal of choice for reducing weight.
Indicated 0.5 percent higher
Austrian cartel authorities visited the premises of electronics retailer MediaMarkt/Saturn this month as part of a price-fixing investigation, the newspaper Die Presse reported on Thursday.
Indicated 0.5 percent lower in Frankfurt
Germany is proposing Daimler Chairman Manfred Bischoff and former German industry lobbyist Hans-Peter Keitel to join the board of directors at EADS following a vote at the shareholders meeting in March, according to German business daily Handelsblatt.
Indicated 0.1 percent lower
The company will seriously examine whether to apply to operate Instanbul airport, Handelsblatt reported on Friday, citing a spokesman.
Indicated 30.5 percent lower
German solar group SolarWorld warned it would need to make a “serious adjustment” to its debt to remain a viable company.
Dow Jones +0.3 pct, S&P 500 +0.01 pct, Nasdaq -0.7 pct at Thursday’s close.
Nikkei +2.9 pct at Friday’s close.
The closely watched Ifo Index is due at 0900 GMT. The business sentiment, considered the best forward looking indicator for Germany’s economic growth, is expected to rise to 53.6 for January from last month’s reading of 50.3.
REUTERS TOP NEWS (Reporting by Christiaan Hetzner and Christoph Steitz)