German stocks - Factors to watch on March 30

Corestate Capital Holding SA

30/03/2020 06:25

BERLIN/FRANKFURT, March 30 (Reuters) - The following are
some of the factors that may move German stocks on Monday:
    
    CORONAVIRUS
    The number of confirmed cases of coronavirus in Germany has
risen to 57,298 and 455 people have died of the disease here,
statistics from the Robert Koch Institute (RKI) for infectious
diseases showed on Monday.  urn:newsml:reuters.com:*:nS8N2AX017
    Germany's 750 billion euro ($831.00 billion) package to
soften the economic impact of the coronavirus outbreak on
Europe's largest economy will last for about two months, an
independent economics think tank told a German newspaper group.
 urn:newsml:reuters.com:*:nL8N2BM0M8
    Germany's health system could face strains similar to those
in Italy if the coronavirus outbreak in the country worsens, the
head of the RKI told a newspaper.  urn:newsml:reuters.com:*:nL8N2BM06L
    
    
    AAREAL BANK  ARLG.DE 
    Activist investor Teleios Capital cut its stake in Aareal
Bank to 2.69% from 3.63%, a filing on Friday showed.
 urn:newsml:reuters.com:*:nL8N2BK7JT
    
    ADIDAS  ADSGn.DE  
    The sporting goods firm will continue to pay rent to private
landlords of its stores, Chief Executive Kasper Rorsted told
Frankfurter Allgemeine Zeitung (Monday). He added the bulk of
the landlords are large property and insurance firms, most of
whom had shown understanding for Adidas temporarily suspending
rental payments.
    
    CECONOMY  CECG.DE  
    The electronics retailer is applying for state financing to
mitigate the coronavirus impact on its business ailing from
forced shop closures, it said on Saturday.  urn:newsml:reuters.com:*:nL8N2BL0GO
    
    Osram  OSRn.DE  
    Some existing AMS shareholders including hedge funds will
participate in the ongoing AMS  AMS.S  rights issue,
Handelsblatt reported, citing people close to the company. The
capital hike is needed to finance the Osram takeover.
    
    BAYER  BAYGn.DE 
    Bayer on Sunday said rivaroxaban significantly reduced risk
of major venous thromboembolism following nonmajor orthopaedic
surgery.  urn:newsml:reuters.com:*:nFWN2BL00Q
    Bayer said on Saturday that Xarelto Plus Aspirin reduced the
combined risk of limb ischemia and major cardiovascular events
in some patients.
    Merck & Co Inc  MRK.N  said on Saturday that vericiguat - a
heart drug it is developing with Bayer - met the primary
efficacy endpoint in a Phase 3 study.
        
    VOLKSWAGEN  VOWG_p.DE 
    The carmaker is still aiming for an ID.3 electric car
rollout by August, the Financial Times reported.  urn:newsml:reuters.com:*:nL4N2BM0A1
    
    CORESTATE CAPITAL  CCAG.DE 
    The company announced another fully invested residential
property fund and said total investment volume was more than 320
million euros.

    CANCOM  COKG.DE 
    Annual report due
    
    SOFTWARE AG  SOWGn.DE 
    Annual report due
    
    ECKERT & ZIEGLER  EUZG.DE 
    The group proposed a dividend and share split.  urn:newsml:reuters.com:*:nASN0004PB
    
    LEONI  LEOGn.DE 
    Full year earnings due
    
    SNP SCHNEIDER  SHFG.DE 
    Annual report due
    
    STROEER  SAXG.DE 
    Fourth quarter earnings due
    
    WUESTENROT & WUERTTEMBERGISCHE  WUWGn.DE 
    Full year results due
   
    ANALYSTS' VIEWS 
    * TRATON SE  8TRA.DE : JP MORGAN CUTS TARGET PRICE TO EUR 13
FROM EUR 28
    * E.ON SE  EONGn.DE : JP MORGAN RAISES TO NEUTRAL FROM
UNDERWEIGHT; RAISES TARGET PRICE TO EUR 10 FROM EUR 7.75
    * HANNOVER RUECK SE  HNRGn.DE : CITIGROUP RAISES TO NEUTRAL
FROM SELL; CUTS PRICE TARGET TO EUR 138.3 FROM EUR 158.3
    * HUGO BOSS AG  BOSSn.DE : CITIGROUP CUTS PRICE TARGET TO
EUR 27 FROM EUR 41
    * ALLIANZ SE  ALVG.DE : CITIGROUP CUTS PRICE TARGET TO EUR
201.5 FROM EUR 257.8
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -4.1%, S&P 500 .SPX  -3.4%, Nasdaq  .IXIC 
-3.8% at close.  .N 
    Nikkei  .N225  -3.3%, Shanghai stocks  .SSEC  -1.1%.  .T 
 .SS 
    Time: 5:24 GMT

    
    GERMAN ECONOMIC DATA
    German March preliminary inflation data due at 1200 GMT.
HICP seen at +0.1% m/m, +1.4% y/y. CPI seen at +0.1% m/m, +1.4%
y/y.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 


($1 = 0.9025 euros)

 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))