German stocks - Factors to watch on September 11

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11/09/2017 06:16

BERLIN/FRANKFURT, Sept 11 (Reuters) - The following are some 
of the factors that may move German stocks on Monday: 
     
    HURRICANE IRMA 
    A weakening but still potent Hurricane Irma lashed Florida's 
Gulf Coast on Sunday with tree-bending winds, pounding rain and 
surging surf, leaving millions of homes without power, while 
flooding streets and swaying skyscrapers across the state in 
Miami.  urn:newsml:reuters.com:*:nL2N1LS05J 
     
    ALLIANZ  ALVG.DE  
    State-backed Abu Dhabi Investment Council is weighing the 
sale of its nearly 24 percent stake in Abu Dhabi National 
Insurance Co (ADNIC)  ADNI.AD , with Allianz among groups 
showing initial interest in buying it, sources familiar with the 
matter said.  urn:newsml:reuters.com:*:nL4N1LL36X 
     
    AUTOS  BMWG.DE  DAIGn.DE  VOWG_p.DE  
    China has begun studying when to ban the production and sale 
of cars using traditional fuels, the official Xinhua news agency 
reported, citing comments by the vice industry minister, who 
predicted "turbulent times" for automakers forced to adapt. 
 urn:newsml:reuters.com:*:nL4N1LR023 
    Separately, Daimler's Mercedes-Benz is due to hold its 
Capital Markets Day. 
 
    CONTINENTAL  CONG.DE  
    The market for technologies needed for self-driving cars is 
likely to reach 17 billion euros by 2020, Continental Chief 
Executive Elmar Degenhart told Frankfurter Allgemeine Zeitung. 
     
    INFINEON  IFXGn.DE  
    The chip maker has almost doubled the amount of new business 
from electric cars in the first nine months of the year than 
when compared with the whole of 2016 Infineon-Chef Executive 
Reinhard Ploss told Welt am Sonntag.  
     
    LUFTHANSA  LHAG.DE  
    Due to report August traffic figures at 1100 GMT.  
    Lufthansa's budget arm Eurowings and German cabin crew union 
UFO said an agreement in principle had been reached on pay, a 
key step toward settling a long running dispute over pay and 
conditions. An agreement still needs to be formally approved by 
the UFO management.  urn:newsml:reuters.com:*:nL5N1LR0LS 
        
    MERCK  MRCG.DE  
    The chemicals and healthcare group has hired investment bank 
JP Morgan  JPM.N  as a financial adviser to evaluate strategic 
options for its consumer health business, a spokesman for the 
German company said on Friday.  urn:newsml:reuters.com:*:nL8N1LP4WY 
         
    REINSURERS  MUVGn.DE  HNRGn.DE  
    As Hurricane Irma battered Florida on Sunday, the cream of 
the insurance world -- gathered under the Mediterranean sun in 
Monte Carlo -- was assessing the costs of the storm for the 
global industry.  urn:newsml:reuters.com:*:nL5N1LR14T 
    Munich Re said on Sunday it was too early to gauge the final 
damage wreaked by hurricane Harvey but estimated insured losses 
for the industry to reach between $20-$30 billion. Hurricane 
Irma is a "major event" for the insurance industry. urn:newsml:reuters.com:*:nL5N1LR0V1 
     
    THYSSENKRUPP  TKAG.DE  
    Thyssenkrupp plans to add up to 2,000 jobs per year at its 
elevator business, the division's chief Andreas Schierenbeck 
told Westdeutsche Allgemeine Zeitung. "With annual industry 
growth of around 2 to 4 percent, the number of employees should 
rise at the same pace," he said. 
         
    EVONIK  EVKn.DE  
    The chemical company plans to cut costs in all business 
areas and is aiming to strengthen its nutrition and care and 
resource efficiency operations through acquisitions, chief 
executive Christian Kullmann told Rheinische Post. 
        
    UNIPER  UN01.DE  
    German utility Uniper may dismantle German power plants, 
reassemble them in Britain, and could even buy stakes in British 
gas power stations, Chief Financial Officer Christopher 
Delbrueck told Frankfurter Allgemeine Zeitung.  urn:newsml:reuters.com:*:nL5N1LQ0H8 
         
    RATIONAL  RAAG.DE  
    Analyst day due. 
     
    BET-AT-HOME.COM  ARTG.DE   
    Q2 report due. The group published preliminary results on 
July 31 and affirmed its full-year guidance. 
     
    GRAND CITY PROPERTIES  GYC.DE  
    Chief Executive Christian Windfuhr told Welt am Sonntag that 
he sees profits increasing, thanks to an annual rise in rental 
income of around 4.3 percent and a growth in the portfolio of 
between 5 and 10 percent.  
     
    AIR BERLIN  AB1.DE  
    German aviation investor Hans Rudolf Woehrl late on Sunday 
said a company controlled by his INTRO Group had submitted a 500 
million euros ($600.70 million) offer to buy insolvent Air 
Berlin  AB1.DE .  L5N1LR1AM  
     
    BERTELSMANN  BTGGg.F  
    The publishing giant is not considering any further large 
takeovers worth "billions" and has no plans to list its Penguin 
Random House (PRH) division, Chief Financial Officer Bernd 
Hirsch told newspaper Boersen-Zeitung.  urn:newsml:reuters.com:*:nL5N1LQ0DN 
     
    ANALYSTS' VIEWS  
    E.ON  EONGn.DE  - Berenberg cuts to "hold" from "buy", cuts 
price target to 9.50 euros from 10 euros 
    HANNOVER RE  HNRGn.DE  - Helvea Baader Bank raises to "hold" 
from "sell", raises price target to 90 euros from 84 euros 
             
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  +0.1 pct, S&P 500 .SPX  -0.1 pct, Nasdaq 
 .IXIC  -0.6 pct at close.  .N  
    Nikkei  .N225  +1.4 pct, Shanghai stocks  .SSEC  +0.1 pct. 
    Time: 5.16 GMT.  .T   .SS  
     
    GERMAN ECONOMIC DATA 
    No economic data scheduled. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Andreas Cremer, Edward Taylor and Maria Sheahan) 
 ((georgina.prodhan@thomsonreuters.com; +49 69 7565 1279; 
Reuters Messaging: 
georgina.prodhan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/FACTORS