German stocks - Factors to watch on September 7

Dermapharm Holding SE

07/09/2021 06:07

BERLIN/FRANKFURT, Sept 7 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
    
    CORONAVIRUS
    Germany reported 6,726 new infections and 59 more deaths.
    
    BMW BMWG.DE  
    BMW is confident that sales in China will grow next year,
finance chief Nicolas Peter told Reuters on Monday, attributing
high demand for premium cars to travel restrictions which meant
consumers had more money to spend.  urn:newsml:reuters.com:*:nL8N2Q83GR
    
    VOLKSWAGEN VOWG_p.DE  
    Volkswagen  VOWG_p.DE  Chief Executive Herbert Diess on
Monday said that Europe's largest carmaker still had its work
cut out to become a maker of automotive software, a key aim of
his strategy to transform the company. urn:newsml:reuters.com:*:nL8N2Q83EY
    
    HUGO BOSS BOSSn.DE  
    A human rights group filed a complaint to German prosecutors
on Monday alleging that several fashion retailers profited from
forced labour in China's Xinjiang region. urn:newsml:reuters.com:*:nL8N2Q606K
    
    CONTINENTAL CONG.DE  
    Continental's subsidiary Vitesco resorts to brokers for the
procurement of semiconductors and tries to pass on the higher
prices to the customers: "However, this is not always
successful", CFO Werner Volz tells the Boersen-Zeitung. He
expects another two to three difficult months of chip shortages,
with a possible slight easing at the end of the fourth quarter
or the beginning of 2022. "But that doesn't mean that we will
have reached the normal state then."

    ALLIANZ  ALVG.DE  
    An Australian court fined local units of Allianz SE for
selling travel insurance to ineligible customers and not
properly disclosing how it calculated premiums on Expedia EXPE.O
websites, the country's corporate watchdog said.
    
    DERMAPHARM  DMPG.DE 
    Final first-half results due.
        
    ANALYSTS' VIEWS 
    RWE AG  RWEG.DE : CREDIT SUISSE RAISES TARGET PRICE TO EUR
38.1 FROM EUR 35.7
    SMA SOLAR  S92G.DE : JEFFERIES CUTS TARGET PRICE TO EUR 40
FROM EUR 43
    SMA SOLAR  S92G.DE : COWEN AND COMPANY CUTS TARGET PRICE TO
EUR 35 FROM EUR 44
     E.ON SE  EONGn.DE : CREDIT SUISSE RAISES TARGET PRICE TO
EUR 12.1 FROM EUR 11.5
    
        
    OVERSEAS STOCK MARKETS  
    Shanghai stocks  .SSEC  +0.8%.  .T   .SS 
    Time: 5:07 GMT
    
    ECONOMY
    German July industrial production due around 0600 GMT. Seen
+0.9% m/m.
    German September ZEW indicator due at 0900 GMT. Economic
sentiment seen at 30.0, current conditions at 34.0.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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