German stocks - Factors to watch on October 7

CEWE Stiftung & Co KGaA

07/10/2020 05:57

BERLIN/FRANKFURT, Oct 7 (Reuters) - The following are some
of the factors that may move German stocks on Wednesday:
            
    CORONAVIRUS
    The number of confirmed coronavirus cases in Germany
increased by 2,828 to 306,086, data from the Robert Koch
Institute (RKI) for infectious diseases showed on Wednesday.
 urn:newsml:reuters.com:*:nL8N2GY08R
    Germany's capital decided late on Tuesday to impose a
late-night curfew on restaurants and bars to contain surging
numbers of new coronavirus cases in Berlin. Financial hub
Frankfurt also announced tighter rules.  urn:newsml:reuters.com:*:nL8N2GX2ZP
    
    CONTINENTAL  CONG.DE  
    The automotive supplier plans to sell some assets, including
parts of its division Vitesco Technologies, as part of its
savings drive, Chief Executive Elmar Degenhart told Frankfurter
Allgemeine Zeitung in an interview, adding he would not rule out
sales at industrial business Contitech.
        
    WIRECARD  WDIG.DE 
    The insolvent payment services provider's lenders did not
have access to auditors' reports by EY, Boersen-Zeitung
reported, citing people at several of the 15 banks that provided
a total 1.76 billion euros of financing to Wirecard. The banks,
including ABN AMRO  ABNd.AS , Commerzbank  CBKG.DE , ING
 INGA.AS  and LBBW  LBWGN.UL , declined to comment to the paper.
        
    EX-DIVIDEND 
    CEWE STIFTUNG  CWCG.DE  - 2.00 euros/shr dividend
      
    ANALYSTS' VIEWS
    DAIMLER  DAIGn.DE  - RBC RAISES PRICE TARGET TO EUR 59 FROM
EUR 51
    DEUTSCHE POST  DPWGn.DE  - DEUTSCHE BANK RAISES PRICE TARGET
TO EUR 50 FROM EUR 45
    HAPAG LLOYD  HLAG.DE  - DEUTSCHE BANK RAISES TO BUY FROM
HOLD, RAISES PRICE TARGET TO EUR 55 FROM EUR 42
            
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -1.3%, S&P 500 .SPX  -1.4%, Nasdaq  .IXIC 
-1.6% at close.  .N 
    Nikkei  .N225  -0.2%, Chinese markets closed.  .T   .SS 
    Time: 4:57 GMT
    
    
    GERMAN ECONOMIC DATA
    German August industrial output data due at 0600 GMT. Seen
+1.5% m/m.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin, Frankfurt and Gdansk newsrooms)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))