German stocks - Factors to watch on May 22

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22/05/2018 06:19

BERLIN/FRANKFURT, May 22 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
    
    U.S. TRADE
    German companies are concerned that U.S. President Donald
Trump is increasingly thinking only of America rather than just
putting his country first, the head of Germany's DIHK Chambers
of Commerce told media.  urn:newsml:reuters.com:*:nL5N1SR0B5
    
    IRAN
    The United States on Monday demanded Iran make sweeping
changes -- from dropping its nuclear program to pulling out of
the Syrian civil war -- or face severe economic sanctions as the
Trump administration hardened its approach to Tehran.
 urn:newsml:reuters.com:*:nL2N1SS0LN
    
    The German government will help German firms with business
in Iran where it can, but cannot entirely shield them from the
U.S. decision to quit the Iran nuclear deal and reimpose
sanctions against Tehran, the economy minister told a newspaper.
 urn:newsml:reuters.com:*:nL5N1SS4XK
        
    DEUTSCHE BANK  DBKGn.DE  
    Postbank plans to close more than 100 of its 1,000 branches
by the end of the year, a board member told Bild am Sonntag, in
a move unrelated to the bank's troubled parent company Deutsche
Bank.
    Separately, Deutsche Bank finance chief James von Moltke
told Boersen-Zeitung he did not expect any more major
restructuring costs next year comparable to the expenses for the
integration of Postbank or the restructuring of the investment
bank.
            
    RWE  RWEG.DE , UNIPER  UN01.DE 
    Germany could reduce its coal-fired power generation
capacity by half in the coming years if planned grid expansion
and the addition of new gas-fired plants come online on
schedule, the head of its energy regulator said.  urn:newsml:reuters.com:*:nL5N1SS4DB
    
    DIALOG SEMICONDUCTOR  DLGS.DE 
    Dialog Semiconductor Chief Executive Jalal Bagherli said in
an interview that his company would remain an important supplier
to Apple amid reports that the U.S. tech giant will develop its
own chips, Euro am Sonntag reported.  urn:newsml:reuters.com:*:nL5N1SQ06D

    EVOTEC  EVTG.DE 
    Evotec and Celgene  CELG.O  have entered into a long-term
strategic drug discovery and development partnership to identify
new therapeutics in oncology, Evotec said late on Sunday.
    Under the terms of the agreement, Evotec will receive an
upfront payment of $65 million and may be eligible to receive
significant milestone payments as well as tiered royalties on
each licensed programme, it said. 
        
    INDEX CHANGES AS OF SEPT. 24
    Deutsche Boerse is planning a major shakeup of the
composition of the MDAX, SDAX and TecDAX that affects technology
stocks. It will publish shadow indices on June 18.  urn:newsml:reuters.com:*:nL5N1SQ05S
            
    ANNUAL GENERAL MEETINGS
    BET-AT-HOME.COM  ARTG.DE  - 7.50 eur/shr dividend proposed
        
    EX-DIVIDEND 
    FRESENIUS  FREG.DE  - 0.75 eur/shr dividend 
    
    ANALYSTS' VIEWS
    MBB SE  MBBG.DE  - Berenberg cuts target price to EUR 121
from Eur 122
    
    OVERSEAS STOCK MARKETS  
    US markets closed.    .N 
    Nikkei  .N225  -0.1 pct, Shanghai stocks  .SSEC  -0.4 pct.
    Time: 5.19 GMT.  .T   .SS 
    
    GERMAN ECONOMIC DATA
    No economic data scheduled.
    
    EUROPEAN FACTORS TO WATCH  WATCH/EU 
    DIARIES  DE/DIA   WEU/EQUITY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Andreas Cremer, Tom Sims, Maria Sheahan and
Caroline Copley)
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))