German stocks - Factors to watch on August 15

Biofrontera AG

15/08/2022 05:48

BERLIN/FRANKFURT, Aug 15 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
    
    GAS CRISIS
    German finance minister Christian Lindner has written to
European Economy Commissioner, Paolo Gentiloni, asking
permission to exempt a new levy on gas prices for German
consumers from value added tax. He also is opposed to taxing
excessive energy company profits. urn:newsml:reuters.com:*:nL8N2ZP07B urn:newsml:reuters.com:*:nL8N2ZQ0FL
    The levy is due to be set on Monday, to spread the burden of
higher prices from lower Russian exports. urn:newsml:reuters.com:*:nL8N2ZO286
    German gas storage levels were filled to just over 75% on
Friday, ahead of a Sept. 1 government deadline. Berlin is urging
industry, households and public sector users to cut
consumption. urn:newsml:reuters.com:*:nL8N2ZQ08M
     
    SHIPPING DISRUPTION
    Water levels on the river Rhine in Germany fell further over
the weekend in dry weather, adding to transport costs and
preventing barges to sail fully laden.
    The Berlin government is planning a decree to give priority
for the transport of energy commodities by rail networks over
other services if they can't be moved by inland waterway
ships. urn:newsml:reuters.com:*:nL8N2ZQ0B9
    Transport minister Volker Wissing told Rheinische Post's
Monday edition he expected slightly higher water levels over the
next four weeks.
    
    BANKING
    German banks should be highly careful not to enter into
cryptocurrency deals without specialist knowledge and warning
customers of risks, BaFin executive Raimund Roesler said in an
interview with Handelsblatt, due to appear in the paper's Monday
edition.
    Roeseler said in a separate matter that high interest rates
could put strains on small and medium sized banks, adding he
assumed a "small double-digit" number of them could face serious
problems in refinancing low-interest loans they had granted.
    
    UKRAINE
    Ukrainian forces reported heavy Russian shelling and
attempts to advance on several towns in the eastern region of
Donetsk that has become a key focus of the near six-month war,
but said they had repelled many of the attacks.  urn:newsml:reuters.com:*:nL4N2ZQ0L9
    
    ADLER REAL ESTATE  ADLG.DE 
    Adler signed an amendment to a loan agreement on the
granting of a loan over 200 million euros to its subsidiary,
Brack Capital Properties (BCP), extending the maturity date to
December 29, 2023 from May 23, it said in an ad hoc statement on
Sunday. urn:newsml:reuters.com:*:nASM000N7P xxxxx 
    
    ARTNET  AYDGn.DE 
    Is to report Q2/H1 on Aug. 15, it said in an ad hoc on
Saturday.
    
    AUDI  VOWG_p.DE 
    Audi of America and Porsche said alongside with Kia
<000280.KS > that buyers of its electric vehicles will lose
access to federal tax credits of up to $7,500 once President Joe
Biden signs a $430 billion climate, health and tax
measure. urn:newsml:reuters.com:*:nL1N2ZO233 urn:newsml:reuters.com:*:nL1N2ZO219
    
    BIOFRONTERA  B8FGn.DE 
    Biofrontera dismissed chief financial officer Ludwig Lutter
for an important reason, the company said in an ad hoc on
Saturday, without giving further details. urn:newsml:reuters.com:*:nFWN2ZO6II
    
    DEUTSCHE BANK  DBKGn.DE 
    Anshu Jain, the former Deutsche Bank co-chief executive
officer, died early on Saturday at the age of 59 after a long,
serious illness. urn:newsml:reuters.com:*:nL1N2ZP078
    
    EnBW  EBKG.DE 
    Power utility EnBW is pressing on with the planned sales of
TransnetBW, its high-voltage power transmission network, it said
on Saturday after the Boersenzeitung paper wrote that Stuttgart
insurance company Stuttgarter SV was among bidders. urn:newsml:reuters.com:*:nL8N2ZP05V
    
    HENKEL AG  HNKG_p.DE  
    Second quarter results due.
    
    ENCAVIS AG  ECVG.DE  
    Second quarter results due.    
    
    HELLOFRESH SE  HFGG.DE  
    Second quarter results due.
    
    ADESSO SE  ADNGk.DE  
    First half results due.
       
    CUREVAC NV  5CV.DE  
    Second quarter results due.
    
    NORDEX  NDXG.DE 
    Nordex on Sunday reported a drop in turnover in the first
half of 2022 of 21.2% over the same 2021, citing lower demand
for installations, and stuck to a May 24 outlook for a sales
drop in the full year.  L8N2ZO4YQ 
    
    ANALYSTS' VIEWS 
    GEA GROUP  G1AG.DE  - HSBC RAISES TARGET PRICE TO EUR 39
FROM EUR 38
    KNORR BREMSE AG  KBX.DE  - JP MORGAN CUTS TARGET PRICE TO
EUR 70 FROM EUR 85
    AUTO1 GROUP SE  AG1G.DE  - JP MORGAN RAISES TO OVERWEIGHT
FROM UNDERWEIGHT; RAISES TARGET PRICE TO EUR 13.7 FROM EUR 12
    SALZGITTER AG  SZGG.DE  - JP MORGAN RAISES TARGET PRICE TO
EUR 28.7 FROM EUR 28.5
        
    OVERSEAS STOCK MARKETS  
    S&P 500 .SPX  +1.7%, Nasdaq  .IXIC  +2.1% at close.  .N 
    Shanghai stocks  .SSEC  -0.1%.  .T   .SS 
    Time: 4:48 GMT
    
    ECONOMY
    German July wholesale price index due at 0600 GMT
    
    
    DIARIES  DE/DIARY 
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 (Reporting by Berlin, Frankfurt and Gdansk newsrooms)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))