FRANKFURT/BERLIN, Sept 4 (Reuters) - The DAX top-30 index looked set to open 0.9 percent lower on Monday, according to premarket data from brokerage Lang & Schwarz at 0625 GMT.
The following are some of the factors that may move German stocks:
German explosives experts defused a massive World War Two bomb in the financial capital of Frankfurt on Sunday after tens of thousands of people were evacuated from their homes.
Chancellor Angela Merkel appeared to hold her ground in a television debate ahead of German elections, under attack from her Social Democrat (SPD) rival on refugee policy, ties with Turkey and her handling of U.S. President Donald Trump.
South Korea said on Monday it was preparing fresh military drills with its ally the United States and ramping up its ballistic missile defences in response to North Korea’s sixth and most powerful nuclear test a day earlier.
Indicated 0.6 percent lower
Indicated 0.4 percent lower
Indicated 0.4 percent lower
Carmakers reported monthly U.S. car sales on Friday, with Volkswagen and Audi deliveries up 9 and 2.8 percent respectively, Mercedes and Smart down 8.5 percent and BMW down 8.2 percent.
German monthly car sales expected later on Monday.
German Chancellor Angela Merkel is due to meet on Monday with local governments of cities with especially high levels of emissions from diesel vehicles.
Separately, Volkswagen and China joint ventures FAW-Volkswagen and SAIC Volkswagen will recall 1,818,340 vehicles due to a fuel pump issue, China’s quality watchdog said on Monday.
Also, German carmaker Opel, which has been bought by France’s PSA Group from General Motors, widened its losses in the second quarter to around $250 million, auto trade weekly Automobilwoche reported on Saturday.
Munich Re indicated 0.4 percent lower
Hannover Re indicated 0.1 percent lower
Extensive damage left by Hurricane Harvey in Texas is estimated at between $150 billion to $180 billion, Texas Governor Greg Abbott said on Sunday.
Indicated 0.2 percent lower
Australian unit Cimic won a contract for Pacific Highway upgrade works that will generate revenue of around A$365 million ($291 million).
It also won a A$437 million GBU coal mine contract.
Indicated 3.1 percent higher
Buyout groups Bain and Cinven said they would propose to Stada’s management to offer minority shareholders cash compensation of 74.40 euros per share, giving in to pressure from activist investor Elliott.
Indicated 3.2 percent higher
Air Berlin labour bosses due to meet with Berlin’s Mayor Matthias Mueller and the state of North Rhine-Westphalia’s premier Armin Laschet to discuss how to safeguard jobs at the insolvent airline.
Separately, former motor racing driver Niki Lauda is working on a bid to buy back the Niki subsidiary of insolvent airline Air Berlin, he told Reuters on Sunday.
Former EnBW CEO Utz Claassen declined to confirm in an interview with Handelsblatt that he was interested in buying Air Berlin.
DEUTSCHE BANK - Credit Suisse raises to “neutral” from “underperform”.
RWE - Berenberg cuts to “hold” from “buy”.
INNOGY - Berenberg cuts to “hold” from “buy”, raises price target to 38.50 euros from 37.00 euros.
Dow Jones +0.2 pct, S&P 500 +0.2 pct, Nasdaq +0.1 pct at close.
Nikkei -0.9 pct, Shanghai stocks +0.1 pct.
Time: 6.29 GMT.
No economic data scheduled.
REUTERS TOP NEWS ($1 = 1.2560 Australian dollars) (Reporting by Tom Sims, Emma Thomasson and Maria Sheahan)