FRANKFURT, Sept 6 (Reuters) - The DAX top-30 index looked set to open 0.4 percent lower on Wednesday, according to premarket data from brokerage Lang & Schwarz at 0643 GMT.
The following are some of the factors that may move German stocks:
Indicated 0.2 percent lower
Chinese conglomerate HNA Group considered taking a stake in Allianz but was rebuffed by the management of the German insurance giant, the Sueddeutsche Zeitung daily reported on Wednesday.
Commerzbank indicated 0.1 percent higer
Deutsche Bank indicated 0.1 percent lower
The chief executives of Commerzbank and Deutsche Bank as well as a number of other bank executives are due to speak at the annual “Banken im Umbruch” conference in Frankfurt.
Deutsche’s asset management unit wants to grow via acquisitions after its planned listing, its head Nicholas Moreau told Handelsblatt, adding that insurers and banks with medium-sized asset managers could offer opportunities.
Indicated 0.5 percent lower
The supervisory board of Thyssenkrupp’s Steel Europe business is due to meet, according to media reports.
Indicated 0.2 percent higher
The chemicals maker continues its two-day capital markets event.
Indicated 2.3 percent lower in early Frankfurt trading
The genetic testing specialist is launching $350 million in convertible notes.
Capital Stage said it was launching an offering of around 100 million euros worth of subordinated bonds with limited conversion rights into shares in the company.
IN: BILFINGER, RATIONAL, AROUNDTOWN PROPERTY HOLDINGS , DELIVERY HERO
OUT: WCM BETEILIGUNGS- UND GRUNDBESITZ AG , AMADEUS FIRE AG , BAYWA AG
ADIDAS AG - HSBC adds Adidas to “Europe super ten portfolio list”
DAIMLER - Goldman Sachs raises the stock to “buy” from “neutral”
Dow Jones -1.1 pct, S&P 500 -0.8 pct, Nasdaq -0.9 pct at close.
Nikkei -0.2 pct, Shanghai stocks +0.1 pct.
Time: 5.18 GMT.
German industrial orders fell unexpectedly in July on weak domestic demand while bookings from abroad remained flat, data showed on Wednesday, suggesting that this sector of Europe’s largest economy could shift into a lower gear in coming months.
REUTERS TOP NEWS (Reporting by Emma Thomasson and Ludwig Burger)