German stocks - Factors to watch on March 17

CEWE Stiftung & Co KGaA

17/03/2020 06:49

BERLIN/FRANKFURT, March 17 (Reuters) - The following are
some of the factors that may move German stocks on Tuesday:
    
    CORONAVIRUS
    German shops will close, restaurants cut their opening hours
and churches and mosques will stand empty under steps announced
to slow the spread of the coronavirus. urn:newsml:reuters.com:*:nL8N2B94T7
    On Monday evening, the Robert Koch Institute for disease
control reported a jump in coronavirus cases by more than 1,100
to now 6,012 compared to the previous day. urn:newsml:reuters.com:*:nL8N2B98VZ
    Germany is ready to take on new debt if necessary to cushion
the impact of the coronavirus on Europe's largest economy,
Economy Minister Peter Altmaier said.  urn:newsml:reuters.com:*:nL8N2B99GM

    
    SAP  SAPG.DE 
    SAP asked all employees to work remotely as much as
possible, it said in a letter to employees on Tuesday, adding
that its offices were to remain open whenever possible.
 urn:newsml:reuters.com:*:nFWN2B921Q
    
    CUREVAC
    CUREVAC recently appointed Chief Executive Officer Ingmar
Hoerr will be taking a temporary medical leave. The German drug
developer is working on a coronavirus vaccine, for which the
European Commission said it was offering up to 80 million euros
of financial support to CureVac to scale up development and
production.  urn:newsml:reuters.com:*:nL4N2B95NB urn:newsml:reuters.com:*:nL8N2B99LA
    
    SIXT SE  SIXG.DE 
    Sixt SE said it expected consolidated earnings before taxes
for full-year 2019 to be about 337 million euros.  urn:newsml:reuters.com:*:nASN000471
    
    MERCK KGAA  MRCG.DE 
    The life science tools and chemicals company postponed its
annual general meeting initially scheduled for April
24. urn:newsml:reuters.com:*:nL8N2B9882
            
    VOLKSWAGEN  VOWG_p.DE 
    Volkswagen Group on Tuesday warned that the spread of the
coronavirus made it impossible to give an outlook for 2020 as it
unveiled a rise in full-year operating profit, boosted by strong
sales of sports utility vehicles.  urn:newsml:reuters.com:*:nL8N2BA0M4
    
    BORUSSIA DORTMUND  BVB.DE 
    The socker club scrapped its 2019/2020 forecast of a net
profit in a low single-digit million range, without making a new
forecast due to the coronavirus outbreak. It said there is
currently no existential threat for the company. urn:newsml:reuters.com:*:nASN00046W   
   
    VAPIANO SE  VAO.DE 
    VAPIANO SE said it sees a substantial decrease in net sales
and results due to COVID-19 crisis, and it expects a significant
decrease of adjusted EBTIDA, group net income in first and Q2 of
2020. urn:newsml:reuters.com:*:nASN000470
    
    OSRAM  OSRn.DE 
    AMS AMS.S  shares fell below the price at which the Austrian
sensor maker is raising new equity, in the latest hurdle to its
planned purchase of German lighting group Osram. urn:newsml:reuters.com:*:nL8N2B97HM
    
    CTS EVENTIM  EVDG.DE 
    2019 annual financial report due. The ticketing company last
week published key results and warned that the coronavirus
pandemic will have negative impacts on ticket sales and revenues
in the concert sector.  urn:newsml:reuters.com:*:nEQ2QTtP1a
    
    CEWE STIFTUNG  CWCG.DE 
    The company said it had raised its dividend to 2.00 euros.
 urn:newsml:reuters.com:*:nASN00046Y
    
    GEA GROUP  G1AG.DE 
    GEA said the coronavirus crisis was expected to weigh
slightly on 2020 revenue, but it was confident to be able to
achieve mid-term financial goals for 2022. Order intake and
revenue reached record levels in 2019. urn:newsml:reuters.com:*:nASN00047G
    
    SHOP APOTHEKE  SAEG.DE 
    Shop Apotheke said full-year group revenue rose 30% to 701
million euros.  urn:newsml:reuters.com:*:nASN00047B
    
    WACKER CHEMIE  WCHG.DE 
    Wacker Chemie expects 2020 sales to grow by a low
single-digit figure after posting a 1% decline in 2019 sales to
4.39 billion euros, saying it makes guidance for 2020
conditional on coronavirus developments. Impairment charges for
polysilicon facilities led to a net loss of 630 million
euros. urn:newsml:reuters.com:*:nASN00047D    
        
    ANALYSTS' VIEWS 
    BRENNTAG AG  BNRGn.DE : Credit Suisse cuts target price to
42 euros from 54.5 
    ADIDAS AG  ADSGn.DE : RBC cuts target price to 245 euros
from 290 euros 
    DELIVERY HERO SE  DHER.DE : Jefferies raises target price to
80 euros from 65 euros
    K+S  SDFGn.DE : Scotiabank cuts price target to 8 euros from
13 euros and lowers to sector perform from sector outperform
    PROSIEBENSAT 1 MEDIA SE  PSMGn.DE : JP Morgan cuts price
target to 27 euro from 30 euro
    BEIERSDORF AG  BEIG.DE : JP Morgan cuts to neutral from
overweight 
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -12.9%, S&P 500 .SPX  -12%, Nasdaq  .IXIC 
-12.3% at close.  .N 
    Nikkei  .N225  +0.1%, Shanghai stocks  .SSEC  -0.7%.  .T 
 .SS 
    Time: 6:49 GMT
    
    
    ECONOMY
    * German March ZEW indicator due at 1000 GMT. Economic
sentiment seen at -26.4, current conditions seen at -30.0
    
    
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 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))