German stocks - Factors to watch on March 23

Bertrandt AG

23/03/2020 05:17

BERLIN/FRANKFURT, March 23 (Reuters) - The following are
some of the factors that may move German stocks on Monday:
    
    CORONAVIRUS
    Germany is readying an emergency budget worth more than 150
billion euros to shore up jobs and businesses at risk from the
economic impact of the coronavirus outbreak.  urn:newsml:reuters.com:*:nL8N2BE0EV
    The European Commission said it had approved two state aid
schemes to support the German economy amid the coronavirus
epidemic.  urn:newsml:reuters.com:*:nL8N2BF0HK
    Chancellor Angela Merkel went into quarantine after coming
into contact with a coronavirus-infected doctor shortly after
announcing more curbs on social interaction to slow the spread
of the disease.  urn:newsml:reuters.com:*:nL8N2BF0WM
    Mainland China saw a drop in its daily tally of new
coronavirus cases, reversing four straight days of gains, as the
capital Beijing ramped up measures to contain the number of
infections arriving from abroad.  urn:newsml:reuters.com:*:nL4N2BG04G
    Asian shares sank on Monday as a rising tide of national
lockdowns threatened to overwhelm policymakers' frantic efforts
to cushion what is likely to be a deep global recession.
 urn:newsml:reuters.com:*:nL4N2BG0TL
    
    
    VOLKSWAGEN  VOWG_p.DE 
    CEO Herbert Diess warned that the coronavirus crisis may
force the company to keep its factories shut for longer than
initially planned.  urn:newsml:reuters.com:*:nL8N2BE0WR
    The company said it was joining other manufacturers around
the world to explore using 3D printing to make hospital
ventilators to combat the coronavirus.  urn:newsml:reuters.com:*:nL8N2BE00C
    
    BMW  BMWG.DE 
    The company said it will temporarily close its South
Carolina plant for two weeks starting April 3.  urn:newsml:reuters.com:*:nL1N2BD29K
    
    
    SOFTWARE AG  SOWG.DE 
    The group said it would postpone its annual general meeting
due to the coronavirus pandemic, adding it would recommend a
dividend of 0.76 euros per share.  urn:newsml:reuters.com:*:nASN0004F6
    
    THYSSENKRUPP  TKAG.DE 
    The sale of Thyssenkrupp's elevator unit to a consortium led
by Advent and Cinven  CINV.UL  is not under threat from the
coronavirus crisis, the conglomerate's CEO said in an internal
staff letter.  urn:newsml:reuters.com:*:nL8N2BD7Z7
    
    
    BERTRANDT  BDTG.DE 
    The company, which offers development services to
automakers, withdrew its guidance due to the coronavirus
pandemic.  urn:newsml:reuters.com:*:nEQ6vZhkwa
    
    DEUTSCHE BETEILIGUNGS AG  DBANn.DE 
    DBAG said the coronavirus pandemic is having a negative
impact on its portfolio companies and net asset value and
withdrew its financial forecast.  urn:newsml:reuters.com:*:nEQ9TfNLTa
    
    ECKERT & ZIEGLER  EUZG.DE 
    The company said its sites in California and New York are
exempt from closing orders but cautioned that the group's
economic performance will be affected by global governmental
reactions to the coronavirus crisis.  urn:newsml:reuters.com:*:nEQbP8PPka
    
    HYPOPORT  HYQGn.DE 
    Annual report due
    
    INNOGY  IGY.DE 
    Annual results due
    
    TRATON  8TRA.DE 
    Annual results due
     
   
    ANALYSTS' VIEWS 
    BMW  BMWG.DE  - JP Morgan raises to overweight from neutral
    HELLA  HLE.DE  - JP Morgan raises to overweight from neutral
        
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -4.6%, S&P 500 .SPX  -4.3%, Nasdaq  .IXIC 
-3.8% at close.  .N 
    Nikkei  .N225  +2.6%, Shanghai stocks  .SSEC  -1.6%.  .T 
 .SS 
    Time: 5:08 GMT
    
    
    ECONOMY
    No major German economic data scheduled
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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