German stocks - Factors to watch on June 23

Deutsche Euroshop AG

23/06/2022 05:38

BERLIN/FRANKFURT, June 23 (Reuters) - The following are some
of the factors that may move German stocks on Thursday:
    
    UKRAINE
    President Volodymyr Zelenskiy said Moscow's massive air and
artillery attacks were aimed at destroying the entire Donbas
region and urged Ukraine's allies to accelerate the shipment of
heavy weapons to match Russia on the battlefield.  urn:newsml:reuters.com:*:nL4N2YA07Q
    In Germany, Chancellor Olaf Scholz said the country is
upgrading its army so it can defend its allies as well as
itself, stepping up to the responsibility befitting it as
Europe's biggest and most populous economy.  urn:newsml:reuters.com:*:nL8N2Y94FC
    
    NORD STREAM 1
    The G7 is likely to discuss the fate of a Russian turbine
blocked in Canada and blamed for reducing gas supplies to
Germany, though the bloc may not reach a solution by the end of
the meeting, Canada's Natural Resources Minister said.
 urn:newsml:reuters.com:*:nL1N2Y92EJ
    
    INFLATION
    German Finance Minister Christian Lindner urged the European
Central Bank to take swift action to get inflation under
control.  urn:newsml:reuters.com:*:nL8N2Y94UE
    
    TESLA  TSLA.O 
    Tesla's new car factories in Texas and Berlin are "losing
billions of dollars" as they struggle to increase production
because of a shortage of batteries and China port issues, Chief
Executive Elon Musk said in an interview.  urn:newsml:reuters.com:*:nL1N2Y92YN
    
    VOLKSWAGEN  VOWG_p.DE 
    Volkswagen AG is set to cut working hours and wages at its
Sao Bernardo do Campo factory in Brazil as it grapples with a
lack of auto parts and electronic components to assemble its
vehicles.  urn:newsml:reuters.com:*:nL6N2Y90C7
    
    BMW 
    Germany's BMW said on Thursday that production has formally
begun at a new plant in China with an investment of 15 billion
yuan ($2.24 billion) as the carmaker accelerates electric
vehicle (EV) production.  urn:newsml:reuters.com:*:nL1N2YA024
    
    FORD  F.N 
    Ford Motor Co said it will start producing electric vehicles
in Spain later this decade but that would imply "significant"
job cuts at its Spanish factory and another one in Germany amid
its ambitious electrification push in Europe.  urn:newsml:reuters.com:*:nL1N2Y92FY
    
        
    ANNUAL GENERAL MEETINGS
    BAUER AG  B5AG.DE  - 0 euros/shr dividend
    PVA TEPLA AG  TPEG.DE  - 0 euros/shr dividend
        
    EX-DIVIDEND 
    STROEER SE & CO KGAA  SAXG.DE  - 2.25 euros/shr dividend
    STO SE & CO KGAA  STOG_p.DE  - 5 euros/shr dividend
        
    
    ANALYSTS' VIEWS 
    FREENET  FNTGN.DE  : HSBC RAISES TARGET PRICE TO EUR 29 FROM
EUR 24
    RHEINMETALL  RHMG.DE  : HSBC RAISES TARGET PRICE TO EUR 240
FROM EUR 220
    RHEINMETALL  RHMG.DE  : HSBC RAISES TARGET PRICE TO EUR 240
FROM EUR 220
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.2%, S&P 500 .SPX  -0.1%, Nasdaq  .IXIC 
-0.2% at close.  .N 
    Nikkei  .N225  +0.1%, Shanghai stocks  .SSEC  +0.6%.  .T 
 .SS 
    Time: 4:38 GMT
    
    
    ECONOMY
    German June Flash Markit due at 0730 GMT. Manufacturing
index seen at +54.0, service at +54.5, composite at +53.1
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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