German stocks - Factors to watch on July 2

BASF India

02/07/2021 05:50

BERLIN/FRANKFURT, July 2 (Reuters) - The following are some
of the factors that may move German stocks on Friday:
    
    TAX
    German Finance Minister Olaf Scholz on Thursday said an
agreement by 130 countries backing a global corporate minimum
tax marked the biggest breakthrough in global taxation in
decades.  urn:newsml:reuters.com:*:nL2N2OD21G

    
    VOLKSWAGEN  VOWG_p.DE 
    Shareholder advisory firm Glass Lewis is recommending
investors withhold their endorsement of Volkswagen's boards at
an annual general meeting in July, citing ongoing concerns about
how the carmaker is tackling its diesel emissions scandal.
 urn:newsml:reuters.com:*:nL2N2OD222
    Separately, Volkswagen of America said it sold more than
211,000 cars in the first half of 2021, its highest level for
the period in nearly 50 years, and is on pace to sell more than
400,000 this year.  urn:newsml:reuters.com:*:nL2N2OD2FX
    
    GRENKE  GLJn.DE 
    Second-quarter results due.
        
    ANALYSTS' VIEWS 
    BASF SE  BASFn.DE : JP MORGAN RAISES TO NEUTRAL FROM
UNDERWEIGHT
    EVONIK INDUSTRIES AG  EVKn.DE : GOLDMAN SACHS CUTS TO SELL
FROM BUY

        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.4%, S&P 500 .SPX  +0.5%, Nasdaq  .IXIC 
+0.1% at close.  .N 
    Nikkei  .N225  +0.2%, Shanghai stocks  .SSEC  -1.6%.  .T 
 .SS 
    Time: 4:50 GMT
    
    
    ECONOMY
    No major German economic data scheduled.
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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