BERLIN/FRANKFURT, July 12 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.2 percent higher on Wednesday, according to premarket data from brokerage Lang & Schwarz at 0626 GMT.
The following are some of the factors that may move German stocks:
Federal Reserve Chair Janet Yellen is due to testify to Congress on the state of the U.S. economy.
BMW indicated up 0.2 pct
DAIMLER indicated up 0.3 pct
Volkswagen indicated up 0.1 pct
U.S. Environmental Protection Agency chief Scott Pruitt said the agency must ensure Volkswagen’s excess diesel emissions is not repeated, and will treat improper behaviour by automakers “very aggressively.”
Indicated down 2.7 pct
The German engineering services group Bilfinger issues its first profit warning in more than two years, blaming legacy U.S. projects that were approved just before Chief Executive Thomas Blades took over in July 2016.
Indicated up 1.4 pct
June aircraft movements rose by 0.9 pct to 41,533 takeoffs and landings. 5.8 million passengers passed through Frankfurt airport. Cargo throughput increased by 4.7 percent to 188,256 metric tons.
No indication available
German silicon wafer group increases forecast for 2017.
Deutsche Bank has sold a 5.50 percent stake in Heidelberger Druckmaschinen.
DIC ASSET - dividend 0.40 euros/shr
HENKEL - Helvea Baader bank raises target price to 125 euros from 121 euros; rating “hold”
Dow Jones unchanged, S&P 500 -0.1 pct, Nasdaq +0.3 pct at close.
Nikkei -0.5 pct, Shanghai stocks -0.3 pct.
Time: 6.30 GMT.
No economic data scheduled.
REUTERS TOP NEWS (Reporting by Emma Thomasson and Edward Taylor)