FRANKFURT/BERLIN, May 24 (Reuters) - The DAX top-30 index looked set to open 0.1 percent lower on Wednesday, according to premarket data from brokerage Lang & Schwarz at 0609 GMT.
The following are some of the factors that may move German stocks:
Indicated 1.5 pct higher
The residential real estate company raised its guidance to take into account earnings from Austrian property group Conwert , which it agreed to acquire in September.
Indicated 0.3 pct higher
Q1 results due.
Indicated 2.2 pct lower
Deutsche Bank and Bankhaus Lampe launched an accelerated placement of up to 2,345,874 shares. The shares come from a non-pooled family shareholding. Shares were placed at 45.50 euros a share.
Up 1.2 pct in early Frankfurt trading
Global Fashion Group (GFG), the emerging markets fashion retailer set up by Rocket Internet, agreed to sell a majority stake in its Middle East unit Namshi to Emaar Malls for $151 million.
GFG also reported a smaller Q1 loss.
BILFINGER - 1.00 eur/shr dividend proposed
MEDIGENE - no dividend proposed
GRAMMER - 1.30 eur/shr dividend proposed
INDUS HOLDING - 1.35 eur/shr dividend proposed
VOSSLOH - no dividend proposed
MAN SE - 3.07 eur/shr dividend proposed
EVONIK - dividend 1.15 eur/shr
FRAPORT - dividend 1.50 eur/shr
HUGO BOSS - dividend 2.60 eur/shr
NORMA - dividend 0.95 eur/shr
PFEIFFER VACUUM - dividend 3.60 eur/shr
SMA SOLAR - dividend 0.26 eur/shr
BAYWA - dividend 0.85 eur/shr
KOENIG & BAUER - dividend 0.50 eur/shr
TLG IMMOBILIEN - dividend 0.80 eur/shr
BEIERSDORF - DZ Bank cuts to “hold” from “buy”
HELLA - Morgan Stanley lowers to “equal-weight” from “over-weight”
Dow Jones +0.2 pct, S&P 500 +0.2 pct, Nasdaq +0.1 pct at close.
Nikkei +0.7 pct, Shanghai stocks -0.7 pct.
Time: 6.10 GMT.
German GfK consumer sentiment index rose to 10.4 going into June, the highest reading since October 2001.
REUTERS TOP NEWS (Reporting by Edward Taylor and Victoria Bryan)