German stocks - Factors to watch on June 5

Corestate Capital Holding SA

05/06/2020 05:55

BERLIN/FRANKFURT, June 5(Reuters) - The following are some
of the factors that may move German stocks on Friday:
    
    CORONAVIRUS 
    The German government's panel of advisers expects Europe's
biggest economy to contract by 6-7% this year due to the
coronavirus, a more pessimistic assessment than the group made
in March, the group's head told the Funke media group on Friday.
 urn:newsml:reuters.com:*:nL8N2DH68Z
    German Chancellor Angela Merkel said on Thursday a reduction
in sales tax, announced as part of a 130 billion euro economic
stimulus package, would only last until the end of the year.
 urn:newsml:reuters.com:*:nL8N2DH5ZZ
    The number of confirmed coronavirus cases in Germany
increased by 394 to 183,271, data from the Robert Koch Institute
(RKI) for infectious diseases showed on Friday. The reported
death toll rose by 26 to 8,613, the tally showed.  urn:newsml:reuters.com:*:nL8N2DI06F
    
    LUFTHANSA  LHAG.DE 
    Germany's flagship carrier, hit hard by the coronavirus and 
taking a 9 billion euro ($10.22 billion) state bailout, is being
removed from the country's benchmark blue-chip DAX index, stock
exchange operator Deutsche Boerse said on Thursday. It will be
replaced by property company Deutsche Wohnen  DWNG.DE .
    
    VOLKSWAGEN  VOWG_p.DE  
    Volkswagen is resuming deliveries of its Golf 8 model after
fixing a software glitch, a spokesman said on Thursday.
 urn:newsml:reuters.com:*:nL8N2DH5ZG
    
    HUGO BOSS  BOSSn.DE 
    The company confirmed ongoing talks with Daniel Grieder for
the position of chief executive officer.  urn:newsml:reuters.com:*:nFWN2DH0GK
    
    PROPERTY COMPANIES
    TAG IMMOBILIEN  TEGG.DE , GRAND CITY PROPERTIES  GYC.DE ,
LEG IMMOBILIEN  LEGn.DE , DEUTSCHE WOHNEN  DWNG.DE , ADO
PROPERTIES  ADJ.DE 
    Ratings agency Moody's announces completion of a periodic
review of the ratings of these companies.    
    
    ANNUAL GENERAL MEETINGS
    DEUTSCHE WOHNEN  DWNG.DE  - 0.90 eur/shr dividend proposed
    CORESTATE CAPITAL HOLDING  CCAG.DE  - no dividend proposed
    
    EX-DIVIDEND 
    HEIDELBERGCEMENT  HEIG.DE  - 0.60 euros/shr dividend
    LPKF LASER  LPKG.DE  - 0.10 euros/shr dividend
    
    ANALYSTS' VIEWS
    * ADIDAS AG  ADSGn.DE : CITIGROUP RAISES PRICE TARGET TO EUR
290 FROM EUR 245
        
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.1%, S&P 500 .SPX  -0.3%, Nasdaq  .IXIC 
-0.7% at close.  .N 
    Nikkei  .N225  +0.5%, Shanghai stocks  .SSEC  -0.3%.  .T 
 .SS 
    Time: 4:55 GMT
    
    
    GERMAN ECONOMIC DATA
     German April industrial orders due at about 0600 GMT. Seen
-19.7% m/m.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 


($1 = 0.8809 euros)

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