German stocks - Factors to watch on April 29

Corestate Capital Holding SA

29/04/2019 05:59

BERLIN/FRANKFURT, April 29 (Reuters) - The following are
some of the factors that may move German stocks on Monday:
    
    BAYER  BAYGn.DE 
    Bayer said on Saturday its non-executive supervisory board
unanimously expressed its confidence in the board of management,
which was given a vote of disapproval from shareholders at
Friday's annual general meeting. urn:newsml:reuters.com:*:nFWN2280RQ urn:newsml:reuters.com:*:nL5N2287DT

    BERTELSMANN  BTGGg.F 
    Shareholders at the company's annual general meeting on
Friday gave a vote of disapproval for Bert Habets, the recently
departed chief of television group RTL  RRTL.DE , of which
Bertelsmann holds 75.1 percent.

    BMW  BMWG.DE 
    Daily Tageszeitung reports on Monday that Chinese battery
maker CATL (Contemporary Amperex Technology Ltd.)  300750.SZ 
will buy an industrial site from the insolvent solar panel maker
SolarWorld's assets in Arnstadt near Erfurt, Thuringia. Citing
the receiver for SolarWorld, the paper said CATL plans to use
the space to complement a yet to be built battery cell plant
next door, in order to supply BMW and others by 2022.
    
    COMMERZBANK  CBKG.DE  DEUTSCHE BANK  DBKGn.DE 
    Commerzbank chief executive Martin Zielke rebutted
speculation the bank may be sold abroad after it abandoned six
weeks of merger talks with peer Deutsche Bank last week. In an
interview with Sunday weekly Welt am Sonntag (WamS), he said the
bank was strong enough alone and its relationship with customers
was intact.
    Separately, Deutsche Bank CEO Christian Sewing said in an
interview with the Frankfurter Allgemeine Sonntagszeitung (FAS)
on Sunday that he was not concerned about the threat of a
foreign takeover of Commerzbank. He conceded that Deutsche Bank
needs to improve profitability over the next two to three years.
    Also, Deutsche Bank Chairman Paul Achleitner told the
Financial Times that Germany's largest lender did not need a
fundamental overhaul in its investment division after merger
talks with rival Commerzbank failed.  urn:newsml:reuters.com:*:nL3N22B0MY

    COVESTRO  1COV.DE 
    Q1 results due. Adjusted EBITDA seen down 59 percent. Poll:
 urn:newsml:reuters.com:*:nL5N2277AJ 
    
    DEUTSCHE BOERSE  DB1Gn.DE 
    Q1 results due. EBIT seen up 8 percent. Poll:  urn:newsml:reuters.com:*:nL5N2282F5
    
    DEUTSCHE POST  DPWGn.DE 
    The company will aim to raise fees for parcels next, having
recently won regulator approval for hiking letter postage costs,
chief executive Frank Appel told Westdeutsche Allgemeine Zeitung
on Saturday, citing the need to pass on wage and general cost
increases.
    
    LUFTHANSA  LHAG.DE  
    The airline is investigating whether a possible maintenance
error caused an emergency landing of a plane used by country's
top lawmakers this month, Der Spiegel reported on Friday.
 urn:newsml:reuters.com:*:nL5N2286S3
    
    DEUTSCHE EUROSHOP  DEQGn.DE 
    Annual report due.
    
    FIELMANN  FIEG.DE 
    Q1 results due. Pretax profit seen up 61 percent.
 urn:newsml:reuters.com:*:nL5N2276ZD
    
    KRONES  KRNG.DE 
    Q1 results due. Operating profit seen down 11 percent. Poll:
 urn:newsml:reuters.com:*:nL5N2277MC
    
    RWE  RWEG.DE 
    Permissioning times for wind turbine projects in Germany are
taking too long, RWE chief executive Rolf Martin Schmitz said in
Der Spiegel, demanding the government speed them up. He cited
two to three years required for permissioning in the United
States versus twice that amount of time in Germany. He said RWE
was increasingly looking to invest in wind energy overseas.
    
    WASHTEC  WSUG.DE 
    Q1 results due.
    
    WIRECARD  WDIG.DE 
    Wirecard is looking at acquisitions, backed by major
shareholder, Japan's Softbank  9434.T , and equipped with funds
totalling 1.8-1.9 billion euros, chief financial officer
Alexander von Knoop told the weekly financial magazine Euro am
Sonntag. 
            
    EX-DIVIDEND 
    Bayer  BAYGn.DE  - 2.80 euros/shr dividend
    Continental  CONG.DE  - 4.75 euros/shr dividend
    Merck KGaAc  MRCG.DE  - 1.25 euros/shr dividend
    GEA  G1AG.DE  - 0.85 eur/shr dividend 
    RTL  RRTL.DE  - 3.00 eur/shr dividend 
    Corestate Capital  CCAG.DE - 2.50 eur/shr dividend
    
    
    ANALYSTS' VIEWS 
    DAIMLER AG  DAIGn.DE : CFRA cuts to "sell" from "hold"
    PUMA SE  PUMG.DE : MORGAN STANLEY starts with "equal-weight"
rating
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.3 pct, S&P 500 .SPX  +0.5 pct, Nasdaq
 .IXIC  +0.3 pct at close.  .N 
    Japanese markets closed, Shanghai stocks  .SSEC  -0.1 pct.
 .T   .SS 
    Time: 4:59 GMT.
    
    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 Berlin Speed Desk and Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))