German stocks - Factors to watch on September 14

Corestate Capital Holding SA

14/09/2020 05:48

BERLIN/FRANKFURT, Sept 14 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
    
    CORONAVIRUS
    Asian shares firmed on renewed hopes for a coronavirus
vaccine after AstraZeneca resumed its phase-3 trial though
sentiment was still cautious ahead of a big week of central bank
meetings in UK, Japan and the United States.  urn:newsml:reuters.com:*:nL4N2GB0R6
    Pfizer Inc  PFE.N  and BioNTech SE  BNTX.O  proposed to the
U.S Food and Drug Administration (FDA) to expand their Phase 3
pivotal COVID-19 vaccine trial to about 44,000 participants
while increasing the diversity of the trial population.
 urn:newsml:reuters.com:*:nL1N2G906W
    A collective failure by political leaders to heed warnings
and prepare for an infectious disease pandemic has transformed
"a world at risk" to a "world in disorder", according to a
report on international epidemic preparedness.  urn:newsml:reuters.com:*:nL8N2G82WM
    The World Health Organization reported a record one-day
increase in global coronavirus cases, with the total rising by
307,930 in 24 hours.  urn:newsml:reuters.com:*:nL1N2GA0AR
    Germany reported 927 new coronavirus infections. 
    
    
    AUTOS
    The European Commission will propose that the EU further
tighten its auto emissions limits, according to a draft document
seen by Reuters, prompting a pushback from Germany's car
industry.  urn:newsml:reuters.com:*:nL8N2G84V8
    BMW does not rule out further job cuts due to the impact of
the coronavirus pandemic. "If sales slump, there will of course
be additional cost pressure," personnel chief Ilka Horstmeier
told the Rheinische Post newspaper.
    
    DEUTSCHE BOERSE  DB1Gn.DE  
    Euronext  ENX.PA  and Italy's Cassa Depositi e Prestiti
(CDP) confirmed they were in talks to make a joint bid for Borsa
Italiana, as Deutsche Boerse submitted a rival offer and one
from Swiss exchange Six was expected.  urn:newsml:reuters.com:*:nL8N2G80WP
    
    LUFTHANSA  LHAG.DE 
    Lufthansa's Swiss could cut up to 15% of its 9,500 jobs if
it cannot agree salary cuts with staff as it seeks to meet
strict savings targets in the wake of the coronavirus crisis,
weekly Sonntagszeitung reported.  urn:newsml:reuters.com:*:nL8N2GA070
    
    
    PUMA  PUMG.DE 
    The sportswear company signed a long-term partnership with
Brazilian soccer player Neymar Jr., who will wear Puma boots on
the pitch and be a brand ambassador off the pitch.
    
    METRO  B4B.DE 
    EP Global Commerce, an acquisition vehicle owned by Czech
and Slovak investors, is launching a takeover offer for shares
in Metro with the aim of raising its investment in the company
above 30%.  urn:newsml:reuters.com:*:nL8N2GA0S5
    
    
    SCHAEFFLER  SHA_p.DE 
    The auto supplier is looking at takeover opportunities,
despite its cost savings programme. CEO Klaus Rosenfeld told
Welt am Sonntag: "Where it makes sense to strengthen ourselves
technologically, we will take a close look at these
opportunities."
    
    CORESTATE CAPITAL  CCAG.DE 
    The real estate company announced a capital increase and is
placing 4.2 million new shares at 17.82 euros per share.
 urn:newsml:reuters.com:*:nEQ5xMjBXa
    
    
    IPO
    Caravan maker Knaus Tabbert  KNAUST.UL  said it would offer
shares in its initial public offering at a range of between 58
and 74 euros.  urn:newsml:reuters.com:*:nL8N2G84RF
        
    
    ANALYSTS' VIEWS 
    TLG IMMOBILIEN  TLGG.DE  - Jefferies raises to 'buy' from
'hold'
        
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.5%, S&P 500 .SPX  +0.1%, Nasdaq  .IXIC 
-0.6% at close.  .N 
    Nikkei  .N225  +0.6%, Shanghai stocks  .SSEC  +0.6%.  .T 
 .SS 
    Time: 4:48 GMT
    
    
    ECONOMY
    * No major German economic data scheduled
    * British and European Union negotiators are likely to have
a few weeks to avoid a breakdown of trade talks, but that window
will close if a contentious British bill becomes law, Irish
Foreign Minister Simon Coveney said.  urn:newsml:reuters.com:*:nL8N2GA0CN
    * China banned pork imports from Germany after it confirmed
its first case of African swine fever last week, in a move set
to hit German producers and push up global prices as China's
meat supplies tighten.  urn:newsml:reuters.com:*:nL4N2G905Y
    
    
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 (Reporting by Berlin, Frankfurt and Gdansk newsrooms)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))