German stocks - Factors to watch on April 3

Deutsche Euroshop AG

03/04/2020 05:17

BERLIN/FRANKFURT, April 3 (Reuters) - The following are some
of the factors that may move German stocks on Friday:
    
    CORONAVIRUS
    Global coronavirus cases surpassed 1 million with more than
52,000 deaths as the pandemic further exploded in the United
States and the death toll climbed in Spain and Italy, according
to a Reuters tally of official data.
    German companies with international experience and supply
chains have been commissioned to help the government procure
difficult-to-obtain supplies as part of the country's response
to the coronavirus crisis, a government document showed.
 urn:newsml:reuters.com:*:nL8N2BQ6G1
    
    
    INSURANCE  ALVG.DE   MUVGn.DE   HNRGn.DE 
    Insurers and reinsurers in the EU should suspend dividends
and share buybacks, and consider postponing bonuses as well to
ensure continuity in services during the coronavirus pandemic,
the bloc's insurance regulator said.  urn:newsml:reuters.com:*:nL8N2BQ7FR
    Allianz said it would maintain its 2019 dividend and stick
to its 2020 share buyback plans.  urn:newsml:reuters.com:*:nL8N2BQ7MQ
    
    BEIERSDORF  BEIG.DE 
    The Nivea maker scrapped its 2020 outlook due to the
coronavirus pandemic, and released preliminary first-quarter
sales that showed a 3.6% fall from a year earlier. It will also
hold an online annual general meeting on April 29.  urn:newsml:reuters.com:*:nASN000511
 urn:newsml:reuters.com:*:nFWN2BQ128
    
    DAIMLER  DAIGn.DE 
    The carmaker said it has signed an agreement for a 12
billion euro credit line to increase its financial flexibility
in the coronavirus crisis.  urn:newsml:reuters.com:*:nL8N2BQ6QC
    
    ADIDAS  ADSGn.DE 
    The company is seeking more than 1 billion euros in German
government aid as it grapples with the fallout of the
coronavirus pandemic, Bloomberg reported.  urn:newsml:reuters.com:*:nL4N2BQ3VF
    
    DEUTSCHE TELEKOM  DTEGn.DE 
    The group's T-Mobile US  TMUS.O  division is selling $19
billion of bonds to help finance its acquisition of Sprint
 S.N ., Bloomberg reported.  urn:newsml:reuters.com:*:nL4N2BQ3XC
    
    HEIDELBERGCEMENT  HEIG.DE 
    The group has issued a eurobond with a volume of 650 million
euros.  urn:newsml:reuters.com:*:nFWN2BQ11S
    
    
    HELLA  HLE.DE 
    The group will idle about 60% of its German plants as of
next week, CEO Rolf Breidenbach told Handelsblatt.  urn:newsml:reuters.com:*:nL8N2BQ70S
    
    RTL  RRTL.DE 
    The group withdrew its outlook for 2020 as well as its
dividend proposal for 2019 due to the coronavirus outbreak.
 urn:newsml:reuters.com:*:nFWN2BQ122
    
    THYSSENKRUPP  TKAG.DE 
    Germany's largest steelmaker is cutting steel output, and
staff will work shortened hours as the coronavirus crisis is
hitting the sector.  urn:newsml:reuters.com:*:nL8N2BQ74N
    
    TELEFONICA DEUTSCHLAND  O2Dn.DE 
    The company said its supervisory board elected former
Siemens CEO Peter Loescher as its chairman.  urn:newsml:reuters.com:*:nEQ7tr2npa
    
    GRAND CITY PROPERTIES  GYC.DE 
    The company said it placed bonds worth 600 million euros to
increase its liquidity position.  urn:newsml:reuters.com:*:nEQ7KjXNsa
    
    
    
    DEUTSCHE EUROSHOP  DEQGn.DE 
    The group scrapped its 2020 outlook due to the coronavirus
crisis.  urn:newsml:reuters.com:*:nASN000519 Also, 2019 annual report due.
    
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +2.2%, S&P 500 .SPX  +2.3%, Nasdaq  .IXIC 
+1.7% at close.  .N 
    Nikkei  .N225  -0.1%, Shanghai stocks  .SSEC  -0.3%.  .T 
 .SS 
    Time: 4:17 GMT
    
    
    ECONOMY
    * German March Markit PMI due at 0755 GMT. Services seen at
34.3, composite at 36.8
    * VDMA March engineering orders due at 0800 GMT
    
    
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 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))