German stocks - Factors to watch on April 23

Adtran Networks SE

23/04/2020 07:07

BERLIN/FRANKFURT, April 23(Reuters) - The following are some
of the factors that may move German stocks on Thursday:   
    
    CORONAVIRUS
    Germany's confirmed coronavirus cases increased by 2,352 to
148,046, data from the Robert Koch Institute (RKI) for
infectious diseases showed on Thursday, marking a third
consecutive day of new infections accelerating.  urn:newsml:reuters.com:*:nL5N2CB0H7
    Germany's coalition parties agreed further measures to
shield workers and companies from the impact of the coronavirus
pandemic, a document showed on Thursday.  urn:newsml:reuters.com:*:nL5N2CA8HT
    Half of German companies are using the government's
short-time work facility as most see a decline in revenues due
to the coronavirus outbreak, a survey published by the Ifo
economic institute on Thursday showed.  urn:newsml:reuters.com:*:nS8N2C20AG
    
    
    DAIMLER  DAIGn.DE  
    Daimler said on Thursday it expected to report a near 70%
plunge in a key first-quarter earnings figure and 2020
industrial free cash flow to fall, as customers shunned
Mercedes-Benz car showrooms amid the novel coronavirus pandemic.
 urn:newsml:reuters.com:*:nL3N2CA4UW
    
    PROSIEBEN  PSMGn.DE  
    Broadcaster ProSiebenSat.1 Media  PSMGn.DE  said on
Wednesday it was withdrawing its outlook for 2020 and its
dividend proposal due to the COVID-19 crisis.  urn:newsml:reuters.com:*:nASN0005LR
    
    WIRECARD  WDIG.DE  
    KPMG said it will present results of special audit on April
27: to date no evidence found for allegations of balance sheet
manipulation.  urn:newsml:reuters.com:*:nFWN2CA0UH
    
    SOFTWARE AG  SOWGn.DE 
    German business software company Software AG SOWGn.DE
reported weaker first-quarter results as clients postponed deals
in its Digital Business Platform division due to coronavirus,
and trimmed its full-year guidance.  urn:newsml:reuters.com:*:nL5N2CB0ZO
    
    VONOVIA  VNAn.DE 
    Bloomberg reported that real estate firm Vonovia was eying
Deutsche Wohnen to build a $40 billion giant.  urn:newsml:reuters.com:*:nL3N2CA43Y
    Vonovia said on Thursday it was constantly monitoring
potential acquisitions but said such a deal would only be
possible if fundamental issues were resolved and there was
political support in Berlin.  urn:newsml:reuters.com:*:nASN0005M6
    
    VOLKSWAGEN  VOWG_p.DE 
    China's Guoxuan High-Tech  002074.SZ  said it had discussed
a possible strategic cooperation with Volkswagen, but no
agreement had been reached, adding that there was uncertainty
over whether the two parties could agree in the future.
 urn:newsml:reuters.com:*:nP8N2C701J
    
    ADVA OPTICAL NETWORKING  ADAG.DE  
    The telecommunications equipment company said on Thursday it
was not able to predict the course of business for 2020 and
withdrew its previous outlook, citing uncertainties about the
further course of the coronavirus crisis and its effects on the
company's business.
    

    ANALYSTS' VIEWS 
    PUMA SE  PUMG.DE : JEFFERIES CUTS TARGET PRICE TO EUR 68
FROM EUR 92
     ADIDAS AG  ADSGn.DE : JEFFERIES CUTS TARGET PRICE TO EUR
220 FROM EUR 270
    MUNICH RE  MUVGn.DE : RBC CUTS TARGET PRICE TO EUR 223 FROM
EUR 230
    ALLIANZ SE  ALVG.DE : RBC CUTS TARGET PRICE TO EUR 163 FROM
EUR 165
    SARTORIUS AG  SATG.DE : DEUTSCHE BANK RAISES TARGET PRICE TO
EUR 230 FROM EUR 200
    COMMERZBANK AG  CBKG.DE : CITIGROUP CUTS PRICE TARGET TO EUR
3.5 FROM EUR 6.8
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +2.0%, S&P 500 .SPX  +2.3%, Nasdaq  .IXIC 
+2.8% at close.  .N 
    Nikkei  .N225  +1.2%, Shanghai stocks  .SSEC  +0.3%.  .T 
 .SS 
    Time: 6:07 GMT

    
    GERMAN ECONOMIC DATA
    * German GfK consumer sentiment falls to -23.4 heading into
May.
   * German April flash Markit PMI due at 0730 GMT.
Manufacturing index seen at 39.0, service index at 28.5,
composite index at 31.0
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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