German stocks - Factors to watch on February 20

Bertrandt AG

20/02/2017 06:12

FRANKFURT, Feb 20 (Reuters) - The following are some of the 
factors that may move German stocks on Monday: 
     
    E.ON  EONGn.DE  
    Manager Magazin reported that U.S. investor Peter Schoenfeld 
Asset Management, which holds an undisclosed stake of less than 
3 percent in E.on, has joined Hedge fund Knight Vinke in calling 
on E.on to split itself up into separate businesses. 
     
    VOLKSWAGEN  VOWG_p.DE  
    VW group has fixed 3.2 million of the 10.8 million diesel 
cars globally that were equipped with a software to cheat 
emissions tests, weekly Automobilwoche cited VW executive 
Manfred Bort as saying. In Germany, almost 1.5 million out of 
2.6 million diesel cars have been fixed. 
             
    COVESTRO  1COV.DE  
    Covestro reported adjusted earnings before interest, tax, 
depreciation and amortisation (EBITDA) of 390 million euros for 
the fourth quarter, beating consensus for 341 million, and 
raised its dividend more than expected.  urn:newsml:reuters.com:*:nL8N1G50GO 
     
    DIALOG SEMICONDUCTOR  DLGS.DE  
    The chip maker said it concluded the second trance of its 
share buyback at an average price of 38.765 euros a share. 
 urn:newsml:reuters.com:*:nFWN1G20SZ 
            
    BERTRANDT  BDTG.DE   
    The group reported first-quarter operating profit of 17.6 
million euros, compared with consensus for 18.5 million, and 
said it expected a modest increase in profit for the full year. 
Poll:  urn:newsml:reuters.com:*:nL8N1G062Q 
     
    DIC ASSET  DICn.DE   
    The commercial real estate company's CEO Aydin Karaduman 
told Boersen-Zeitung that consolidation in the commercial real 
estate market should pick up over the medium- to long term, 
following a trend in the residential property market. DIC Asset 
is well positioned to take active steps, he added. 
     
    AIR BERLIN  AB1.DE   
    The struggling airline said late on Friday it was issuing 
convertible bonds worth 125 million. Etihad Airways is backing 
the transaction with 53.7 million euros. As part of the deal, 
holders of the existing convertible bonds have offered to 
exchange old bonds for new ones worth 41.3 million euros. 
 urn:newsml:reuters.com:*:nEQ4mz04D 
     
    OPEL  GM.N  
    PSA  PEUP.PA  has pledged to the German government to 
continue operating all four of Opel's German production sites as 
part of the French carmaker's planned takeover of General 
Motors'  GM.N  European arm, Sunday paper Bild am Sonntag 
reported.  urn:newsml:reuters.com:*:nL8N1G40EV 
 
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  unchanged, S&P 500 .SPX  +0.2 pct, Nasdaq 
 .IXIC  +0.4 pct at close.  .N  
    Nikkei  .N225  +0.1 pct, Shanghai stocks  .SSEC  +0.8 pct. 
    Time: 6.11 GMT.  .T   .SS  
     
    GERMAN ECONOMIC DATA 
    German January producer prices due at 0700 GMT. Seen +0.3 
pct m/m, +2.0 pct y/y. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
($1 = 0.9392 euros) 
 
 (Reporting by Edward Taylor, Ludwig Burger and Maria Sheahan) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/FACTORS