The DAX top-30 index looked set to open 0.1 percent lower on Wednesday,according to premarket data from brokerage Lang & Schwarz at0643 GMT.

The following are some of the factors that may move Germanstocks:


BAYER, LANXESS

Bayer indicated 0.5 percent higher

Lanxess indicated 0.2 percent higher

A possible takeover of Monsanto by German rivalBayer would pose no threat to the synthetic-rubbermaker which expects the wave of takeovers in the chemicalindustry to continue, Handelsblatt reported on Wednesday, citingchief executive Matthias Zachert.


DEUTSCHE BANK

Indicated 0.5 percent lower

The lender scrutinizes high returns from any of itsbusinesses to avoid the conduct issues that led to a series ofscandals which contributed to a record 2015 loss, its chiefexecutive said on Tuesday.


DEUTSCHE BOERSE

Indicated 0.4 percent lower

Investor Day due.


E.ON

Indicated unchanged

E.ON's two new companies will face a setback of a couple ofhundreds of million euros due to the volatility of energyprices, the company's chief executive told Handelsblatt.


SIEMENS, NORDEX

Siemens indicated 0.1 percent lower

Nordex indicated 1.9 percent higher

Chancellor Angela Merkel hammered out the framework for adeal with state premiers on Wednesday on reforms to Germany'srenewable energy law aimed at curbing the costs and controllingthe speed of the future roll-out of green power sources.


THYSSENKRUPP

Indicated 0.6 percent higher

The company said on Wednesday that acquisition of a minoritystake in Thyssenkrupp CSA has been completed.

French state-controlled naval contractor DCNS Group isinterested in an alliance with Thyssenkrupp, its strategy chieftold German media at a briefing in Paris.

DCNS beat Thyssenkrupp to win a $40 billion Australiansubmarine contract in April. "We are ready for talks, as soon asthe German side has got over its loss," Andreas Loewenstein wasquoted by the Sueddeutsche Zeitung as saying.


VOLKSWAGEN

Indicated 0.3 percent higher

Q1 results of premium brand Audi due.

Volkswagen's mass-market VW brand returned to profit in thefirst quarter, in a sign deep cost cutting is starting to revivethe business at the heart of the German carmaker's emissionstest cheating scandal.

Chief Executive Matthias Mueller will brief on thecarmaker's cooperation with ride hailing company Gett.


AIRBUS

Down 0.5 percent in early Frankfurt trade

Germany has no plans to sell its 11 percent stake in AirbusGroup SE, a senior German government official said onTuesday.


KUKA

Indicated 0.3 percent lower

Economy Minister Sigmar Gabriel wants to forge an allianceof German or European firms to prevent a sale of the industrialrobot maker to Chinese home appliance maker Midea Group Co Ltd, Sueddeutsche Zeitung reported on Wednesday, citinggovernment and industry sources.


STEINHOFF

Down 0.2 percent in early Frankfurt trade

The company said on Wednesday it holds 21.2 percent of DartyPlc's capital after its offer ends.


SGL CARBON

Indicated 0.8 percent higher

About 20 parties have made offers for the company's graphiteunit, Platow Brief reported on Wednesday, without citing thesource of the information.


ANNUAL GENERAL MEETINGS

SALZGITTER - 0.25 eur/shr dividend proposed

CEWE - 1.60 eur/shr dividend proposed


EX-DIVIDEND

RIB SOFTWARE - dividend 0.16 eur/shr

SMA SOLAR - dividend 0.14 eur/shr

SOFTWARE AG - dividend 0.55 eur/shr

ELRINGKLINGER - dividend 0.55 eur/shr

TLG IMMOBILIEN - dividend 0.72 eur/shr

VTG - dividend 0.50 eur/shr

WACKER NEUSON - dividend 0.50 eur/shr


ANALYSTS' VIEWS

KUKA - UBS cuts to "neutral", raises target priceto 115 euros

OSRAM - Citigroup raises to "buy", target price to56 euros


OVERSEAS STOCK MARKETS

Dow Jones -0.5 pct, S&P 500 -0.1 pct,

Nikkei -1.4 pct, Shanghai stocks +0.2 pct.

Time: 5.14 GMT.


GERMAN ECONOMIC DATA

German Markit manufacturing PMI for May due at 0755 GMT.Seen unchanged at 52.4.



EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS (Reporting by Harro ten Wolde and Andreas Cremer)



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