German stocks - Factors to watch on March 31

Adler Real Estate AG

31/03/2020 06:00

BERLIN/FRANKFURT, March 31 (Reuters) - The following are
some of the factors that may move German stocks on Tuesday:
    
    CORONAVIRUS
    Trade ministers from the Group of 20 major economies agreed
on Monday to keep their markets open and ensure the continued
flow of vital medical supplies, equipment and other essential
goods as the world battles the deadly coronavirus pandemic.
 urn:newsml:reuters.com:*:nL4N2BN366
    Germany's Chancellor Angela Merkel will continue to lead the
government from home, despite testing negative for coronavirus
for a third time, a German government spokesman said on Monday.
 urn:newsml:reuters.com:*:nL8N2BN89S
   
    DEUTSCHE BANK  DBKGn.DE , COMMERZBANK  CBKG.DE  
    Fitch has put Deutsche Bank on a negative credit outlook and
cut the rating of Germany's second biggest listed lender
Commerzbank to BBB due to the coronavirus crisis. urn:newsml:reuters.com:*:nL8N2BN6YP
    
    ZALANDO  ZALG.DE  
    German online fashion retailer Zalando said on Monday it was
trimming spending and investment as coronavirus lockdowns hit
its sales and profitability, while it would also speed up an
initiative to help more currently closed stores to sell online.
 urn:newsml:reuters.com:*:nL8N2BN87Y
    
    HELLOFRESH  HFGG.DE  
    Meal-kit delivery firm HelloFresh said it expected its
first-quarter sales and profits to beat market expectations due
to increased demand as coronavirus lockdowns prompt more people
to cook at home.  urn:newsml:reuters.com:*:nL8N2BN7M7
    
    LUFTHANSA  LHAG.DE  
    At least 27,000 staff of Lufthansa will work reduced hours,
it said on Monday, as the German airline is struggling with the
impact of the coronavirus pandemic.  urn:newsml:reuters.com:*:nFWN2BN17W
    
    BAYER  BAYGn.DE 
    The chemicals maker agreed to pay $39.5 million to settle
allegations that its Monsanto unit ran misleadling adverts about
Roundup weedkiller and its potential health risks, Bloomberg
reported late on Monday. urn:newsml:reuters.com:*:nL4N2BN4ZU
    
    ADLER REAL ESTATE  ADLG.DE , BAYWA  BYWGnx.DE 
    German agriculture group BayWa will replace Adler Real
Estate on Germany's index for small companies SDAX  .SDAXI 
starting from April 2, Deutsche Boerse said on Monday.
 urn:newsml:reuters.com:*:nL8N2BN8YW 
    
    NEMETSCHEK  NEKG.DE 
    Annual financial report due.
    
    VARTA  VAR1.DE 
    Final 2019 results due.
    
    ADLER REAL ESTATE  ADLG.DE  
    Full year earnings release due.
    
    ADO PROPERTIES  ADJ.DE  
    Fourth quarter results due.
    
    ECKERT & ZIEGLER  EUZG.DE 
    Full year report due.
    
        
    ANALYSTS' VIEWS 
    * DELIVERY HERO SE  DHER.DE : CITIGROUP CUTS PRICE TARGET TO
EUR 84 FROM EUR 86.7
    SIEMENS HEALTHINEERS AG  SHLG.DE : JP MORGAN CUTS TARGET
PRICE TO EUR 31.30 FROM EUR 37.10
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +3.2%, S&P 500 .SPX  +3.4%, Nasdaq  .IXIC 
+3.6% at close.  .N 
    Nikkei  .N225  -1.2%, Shanghai stocks  .SSEC  +0.4%.  .T 
 .SS 
    Time: 5:00 GMT
    
    GERMAN ECONOMIC DATA
    * German February import prices due at 0600 GMT, seen -0.3%
m/m, -1.5% y/y.
    * German March unemployment data due at 0755 GMT. Seasonally
adjusted jobless rate seen at 5.1%.

    
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    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))