German stocks - Factors to watch on July 17

Adtran Networks SE

17/07/2020 06:27

BERLIN/FRANKFURT, July 17 (Reuters) - The following are some
of the factors that may move German stocks on Friday:
    
    CORONAVIRUS
    The number of confirmed coronavirus cases in Germany
increased by 583 to 200,843, data from the Robert Koch Institute
(RKI) for infectious diseases showed on Friday. The reported
death toll rose by 4 to 9,082, the tally showed.  urn:newsml:reuters.com:*:nL5N2EO08C
    Germany's health minister urged the World Health
Organization (WHO) to speed up its review of how it has handled
the coronavirus pandemic, apparently signalling Europe taking a
tougher line on the United Nations body.  urn:newsml:reuters.com:*:nL5N2EN6XI
    
    DAIMLER  DAIGn.DE  
    Daimler on Thursday said it will post an operating loss of
1.68 billion euros ($1.91 billion) in the second quarter,
pre-releasing earnings following a better-than-expected market
recovery, the carmaker said.  urn:newsml:reuters.com:*:nASN0009G0
    The carmaker plans to cut annual staff costs by around two
billion euros ($2.28 billion) - more than the 1.4 billion euros
it had previously announced, Handelsblatt cited company sources
as saying. It said Daimler was reacting to a slump in sales
caused by the coronavirus crisis and added that the company
would now slash around 20,000 jobs. 
    
    DEUTSCHE BANK  DBKGn.DE  
    Investors are suing Deutsche Bank and its CEO Christian
Sewing, alleging the bank made false and misleading statements
before it agreed to pay a $150 million fine for compliance
failures linked to disgraced financier Jeffrey Epstein.
 urn:newsml:reuters.com:*:nL5N2EN55Y
    
    VOLKSWAGEN  VOWG_p.DE 
    A U.S. judge in Detroit on Thursday approved the transfer to
Germany of a former Volkswagen executive imprisoned in the
automaker's diesel emissions scandal.  urn:newsml:reuters.com:*:nL2N2EN2A3
    Volkswagen expects slight growth in China's premium car
segment this year despite a slide in broader market sales, a
senior executive said.  urn:newsml:reuters.com:*:nB9N2DN027
    
    WIRECARD  WDIG.DE 
    The former head of a key subsidiary of Wirecard, who was
arrested earlier this month, has admitted wrongdoing to
prosecutors for his role in a multi-billion-euro fraud, his
lawyer said on Thursday.  urn:newsml:reuters.com:*:nL5N2EN6U4
    In the wake of the Wirecard scandal, exchange operator
Deutsche Boerse  DB1Gn.DE  said it was proposing rules to enable
it to quickly expel companies from the leading DAX index when
those firms file for insolvency. This ruling, if adopted, could
mean that Wirecard would leave the DAX index in August, rather
than during a regular review of the index makeup in September.
 urn:newsml:reuters.com:*:nFWN2EO05O
    
    ADVA OPTICAL NETWORKING  ADAG.DE  
    The company said its preliminary revenue and profit in the
second quarter exceeded analysts' expectations.  urn:newsml:reuters.com:*:nASN0009FW
    
    TUI  TUIGn.DE  
    Travel company TUI will offer travellers free coronavirus
insurance starting this weekend, a German media group reported
on Friday.  urn:newsml:reuters.com:*:nL5N2EN6EI
    
    EX-DIVIDEND 
    KION  KGX.DE  - 0.04 euros/shr dividend
    SUEDZUCKER  SZUG.DE  - 0.20 euros/shr dividend    

    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.5%, S&P 500 .SPX  -0.3%, Nasdaq  .IXIC 
-0.7% at close.  .N 
    Nikkei  .N225  -0.4%, Shanghai stocks  .SSEC  -0.1%.  .T 
 .SS 
    Time: 5:27 GMT

    GERMAN ECONOMIC DATA
    No major economic data scheduled.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 


($1 = 0.8783 euros)

 (Reporting by Berlin, Frankfurt and Gdansk newsrooms)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))