German stocks - Factors to watch on December 2

Corestate Capital Holding SA

02/12/2020 06:05

BERLIN/FRANKFURT, Dec 2 (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 17,270 to 1,084,743, data from the Robert Koch
Institute (RKI) for infectious diseases showed on Wednesday.
 urn:newsml:reuters.com:*:nL8N2II0CM
    
    
    INSURERS
    A professional body advising German regulators on the
insurance industry has recommended a steep cut in the guaranteed
rate of interest insurers are allowed to offer on new life
insurance policies from 2022.  urn:newsml:reuters.com:*:nL8N2IH5L3
    
    ALLIANZ  ALVG.DE 
    Australia's Westpac Banking Corp  WBC.AX  will sell its
general insurance arm to German insurer Allianz for A$725
million ($535 million), it said on Wednesday, further trimming
its portfolio to beef up capital and focus on local business.
 urn:newsml:reuters.com:*:nL1N2IH388
    
    VOLKSWAGEN  VOWG_p.DE 
    A group representing major automakers on Tuesday vowed to
work with President-elect Joe Biden on efforts to reduce vehicle
emissions even as the industry remains split over whether to let
California set its own emission rules.  urn:newsml:reuters.com:*:nL1N2IH2XB
    Volkswagen's top committee on Tuesday avoided discussing a
potential contract extension for Chief Executive Herbert Diess
in a bid to defuse a looming leadership crisis at the world's
largest carmaker, a person familiar with the deliberations told
Reuters.  urn:newsml:reuters.com:*:nL1N2IH0OZ
    
    DEUTSCHE BANK  DBKGn.DE 
    The lender will close an additional 200 branches over the
next two years, deputy-CEO Karl von Rohr told Welt in an
interview.
    
    CORESTATE  CCAG.DE 
    The company named René Parmantier a new executive officer,
and said Lars Schnidrig would remain on the board as a chief
financial officer.  urn:newsml:reuters.com:*:nFWN2IH0LN
    
    TESLA  TSLA.O  
    The carmaker's Chief Executive Elon Musk on Tuesday said he
was open to discussing a merger of his start-up electric
carmaker with a rival.  urn:newsml:reuters.com:*:nL8N2IH5HO
    
    OSRAM  OSRn.DE 
    Full-year report due.
    
    NORDEX  NDXG.DE 
    The wind turbine maker said it would issue as many as 10.7
million new shares to fund growth and strengthen its balance
sheet.  urn:newsml:reuters.com:*:nL8N2IH564  urn:newsml:reuters.com:*:nFWN2IH0LL
    
    DR HOENLE  HNLG.DE 
    Preliminary full-year results due.
    
    EX-DIVIDEND 
    LINDE PLC  LIN.N   LINI.DE  - $0.963/shr dividend
        
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.6%, S&P 500 .SPX  +1.1%, Nasdaq  .IXIC 
+1.3% at close.  .N 
    Nikkei  .N225  +0.2%, Shanghai stocks  .SSEC  -0.2%.  .T 
 .SS 
    Time: 6:05 GMT

    
    GERMAN ECONOMIC DATA
    German October retail sales due around 0700 GMT. Seen +1.2%
m/m, +5.9% y/y.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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