German stocks - Factors to watch on July 25

ATOSS Software SE

25/07/2022 05:33

BERLIN/FRANKFURT, July 25 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
    
    UKRAINE
    Ukraine pressed ahead on Sunday with efforts to restart
grain exports from its Black Sea ports under a deal aimed at
easing global food shortages but warned deliveries would suffer
if a Russian missile strike on Odesa was a sign of more to come.
 urn:newsml:reuters.com:*:nL1N2Z600P
    
    SIEMENS ENERGY  ENR1n.DE 
    Siemens Energy handed over Canadian documentation to Russian
gas giant Gazprom  GAZP.MM  on Sunday which would allow the
transport of turbines for the Nord Stream 1 gas pipeline,
Russia's Kommersant newspaper reported.  urn:newsml:reuters.com:*:nL1N2Z50B9
    
    ENERGY
    A number of industrial companies in Germany are cutting
production in reaction to soaring energy prices, a survey by the
country's Chambers of Industry and Commerce (DIHK) showed on
Sunday.  urn:newsml:reuters.com:*:nL1N2Z5097
    
    VOLKSWAGEN  VOWG_p.DE  
    Porsche Chief Executive Oliver Blume will take over from
Herbert Diess as CEO of Volkswagen, the carmaker said on Friday,
after a supervisory board vote forced Diess to step down from
his four-year tenure following a series of missteps over
strategy and communication style.  urn:newsml:reuters.com:*:nL8N2Z35AO
    The appointment of Oliver Blume as the next boss of
Volkswagen heralds a change in management style that is expected
to replace the erratic and unpredictable attitude of his
predecessor with a more team-based culture.  urn:newsml:reuters.com:*:nL8N2Z35UE
    Herbert Diess took over at Volkswagen four years ago when
the German automaker was in crisis, under pressure to make
dramatic changes in strategy and culture, and the former BMW
executive offered a new vision.  urn:newsml:reuters.com:*:nL1N2Z31N1
    The shortage in semiconductor chips that has plagued the
auto industry will probably continue "for the coming years",
Volkswagen executive told Automobilwoche.
    Audi would be able to get by with 20% less gas if it had to,
an executive told Automobilwoche. 
    
    DEUTSCHE BANK  DBKGn.DE 
    Deutsche Bank hires BMO Banker Lee for semiconductor
dealmaking, reported Bloomberg News.  urn:newsml:reuters.com:*:nL4N2Z3318
    Separately, Bloomberg News reported Deutsche Bank, UBS-led
group hit with $200 million buyout loss.  urn:newsml:reuters.com:*:nL4N2Z32Y6
    
    
    SCHAEFFLER  SHA_p.DE  
    German automotive supplier Schaeffler has agreed to buy
Sweden's Ewellix Group from investment company Triton for about
582 million euros ($594 million), it said on Sunday.
 urn:newsml:reuters.com:*:nL8N2Z504J
    
    ATOSS SOFTWARE AG  AOFG.DE  
    Half year results due.
    
    
    ANNUAL GENERAL MEETINGS
    LINDE PLC  LIN.N  

        
    ANALYSTS' VIEWS 
    PUMA SE  PUMG.DE : JP MORGAN CUTS TARGET PRICE TO EUR 90
FROM EUR 110
    HELLOFRESH SE  HFGG.DE : CREDIT SUISSE CUTS TARGET PRICE TO
EUR 58 FROM EUR 84
    NORMA GROUP  NOEJ.DE : HSBC CUTS TARGET PRICE TO EUR 32 FROM
EUR 41
        
    
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.4%, S&P 500 .SPX  -0.9%, Nasdaq  .IXIC 
-1.9% at close.  .N 
    Nikkei  .N225  -0.8%, Shanghai stocks  .SSEC  -0.7%.  .T 
 .SS 
    Time: 4:33 GMT

    
    ECONOMY
    Germany July Ifo Business Climate Index due at 0800 GMT.
Seen at +90.2
    Germany July Ifo Current Conditions due at 0800 GMT. Seen at
+98.0
    Germany July Ifo Expectations due at 0800 GMT. Seen at +83.0
    
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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