German stocks - Factors to watch on August 23

Dermapharm Holding SE

23/08/2022 05:37

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    BERLIN/FRANKFURT, Aug 23 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
    
    UKRAINE CRISIS
    Ukraine's capital Kyiv banned public celebrations this week
commemorating independence from Soviet rule, citing a heightened
threat of attack as a U.S. official warned of Russian plans to
strike Ukrainian infrastructure in the coming days.  urn:newsml:reuters.com:*:nL1N2ZY06C
    
    UNIPER  UN01.DE 
    German utility Uniper SE on Monday said it will start
producing electricity for the market at its Heyden 4
hard-coal-fired power plant as a three-day halt in Russia's gas
supplies to Europe may cause disruptions to power supply.
 urn:newsml:reuters.com:*:nL1N2ZY1VL
    Separately, a person familiar with the situation regarding
payments from funds collected by Trading Hub Europe (THE) under
a new gas levy said more than 90% of the total 34 billion euros
would go to Uniper and the former Gazprom Germania.  urn:newsml:reuters.com:*:nL8N2ZY2EL
    
    LUFTHANSA  LHAG.DE 
    Italy's outgoing government is pressing ahead with plans to
sell a majority stake in ITA Airways and hopes to choose its
preferred bidder by the end of the month, three sources with
knowledge of the matter told Reuters.
    Shipping group MSC and Germany's Lufthansa are facing a
rival bid led by U.S. private equity fund Certares and which is
backed by Air France-KLM  AIRF.PA  and Delta Air Lines Inc
 DAL.N .  urn:newsml:reuters.com:*:nL8N2ZY2VN
    
    CHANCELLOR SCHOLZ IN CANADA
    Russia's invasion of Ukraine is bringing Canada and Germany
closer together, with Canada seeking to boost energy and
critical mineral exports to Germany as both countries wean
themselves off fossil fuels, Canadian and German leaders said on
Monday.  urn:newsml:reuters.com:*:nL1N2ZY18M
    
    BIONTECH  22UAy.DE ,  BNTX.O 
    Pfizer Inc  PFE.N  and German partner BioNTech said on
Monday they had sought U.S. authorization for a COVID-19 vaccine
booster retooled to target the Omicron variant and would have
doses available to ship immediately after regulatory clearance.
 urn:newsml:reuters.com:*:nL4N2ZY2YZ
    
    
    TAG IMMOBILIEN  TEGG.DE  
    Second quarter results due.
    
    DERMAPHARM  DMPG.DE  
    First half results due. 
    
    
    ANALYSTS' VIEWS 
    EVONIK  EVKN.DE : HSBC CUTS TARGET PRICE TO EUR 22 FROM EUR
27
    LANXESS AG  LXSG.DE : HSBC CUTS TARGET PRICE TO EUR 50 FROM
EUR 65 
    OHB  OHBG.DE : HSBC CUTS TARGET PRICE TO EUR 49 FROM EUR 50
    
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -1.9%, S&P 500 .SPX  -2.1%, Nasdaq  .IXIC 
-2.6% at close.  .N 
    Nikkei  .N225  -1.2%, Shanghai stocks  .SSEC  +0.2%.  .T 
 .SS 
    Time: 4:37 GMT
    
    
    ECONOMY
    German August S&P Global flash PMI due at 0730 GMT.
Manufacturing PMI seen at +48.2, services PMI seen at +49.0 and
composite PMI seen at +47.4.

    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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