German stocks - Factors to watch on March 23

Deutsche Euroshop AG

23/03/2022 05:33

BERLIN/FRANKFURT, March 23 (Reuters) - The following are
some of the factors that may move German stocks on Wednesday:
    
    UKRAINE CRISIS
    Talks between Ukraine and Russia are confrontational but
moving forward, President Volodymyr Zelenskiy said on Wednesday,
as the West plans to announce more sanctions against the Kremlin
amid a worsening humanitarian crisis.  urn:newsml:reuters.com:*:nL2N2VQ06R
    Two days before the EU summit in Brussels, German Chancellor
Olaf Scholz again rejected a halt to Russian energy supplies to
Germany and Europe on Tuesday.  urn:newsml:reuters.com:*:nL5N2VP54P
    
    ENERGY
    A working group of Germany's coalition parties has agreed
the broad basis of a package to strengthen Germany's energy
independence and help relieve the burden of high energy costs,
coalition sources told Reuters on Tuesday.  urn:newsml:reuters.com:*:nL5N2VP5EP
            
    CORONAVIRUS
    Germany reported 283,732 new infections and 329 more deaths.
    
    BAYER  BAYGn.DE 
    The company said it successfully placed new hybrid bonds
with a total volume of 1.3 billion euros.  urn:newsml:reuters.com:*:nFWN2VP0WQ
    
    MERCEDES-BENZ  MBGn.DE 
    Mercedes-Benz has reduced working hours for some staff at
its Sindelfingen plant, where it produces models including the
S-Class and E-Class, as supply chain disruptions caused by the
war in Ukraine forced it to curtail production.  urn:newsml:reuters.com:*:nL5N2VP53Y
    
    SOFTWARE AG  SOWGn.DE 
    Full year results due.
    
    AUTO1 GROUP SE  AG1G.DE 
    Full year results due.
    
    DEUTSCHE EUROSHOP  DEQGn.DE 
    The group said its earnings before interest and tax fell
5.4% to 152.5 million euros in 2021.  urn:newsml:reuters.com:*:nASM0004KS
    
    LPKF LASER & ELECTRONICS AG  LPKG.DE 
    Full year results due.
    
    NORMA GROUP SE  NOEJ.DE 
    Full year results due.
    
    MORPHOSYS AG  MORG.DE 
    MorphoSys said Swissmedic granted temporary approval for
Minjuvi in combination with lenalidomide.  urn:newsml:reuters.com:*:nL5N2VP5V3
    
    VITESCO  VTSCn.DE 
    The company said it would combine its four business units
into two - Powertrain Solutions and Electrification Solutions -
from next year to "boost the effectiveness, efficiency, and
flexibility" of its business.  urn:newsml:reuters.com:*:nFWN2VP0TV
    
    
    
    ANALYSTS' VIEWS 
    GERRESHEIMER AG  GXIG.DE : JP MORGAN RAISES TARGET PRICE TO
EUR 72.20 FROM EUR 72
    SALZGITTER AG  SZGG.DE : JP MORGAN RAISES TARGET PRICE TO
EUR 32.50 FROM EUR 28.50
    SALZGITTER AG  SZGG.DE : JEFFERIES RAISES TARGET PRICE TO
EUR 50 FROM EUR 40
    BASF SE  BASFn.DE : JEFFERIES CUTS TARGET PRICE TO EUR 74
FROM EUR 80
    COVESTRO AG  1COV.DE : JEFFERIES CUTS TARGET PRICE TO EUR 56
FROM EUR 63
    EVONIK INDUSTRIES AG  EVKn.DE : JEFFERIES CUTS TARGET PRICE
TO EUR 27 FROM EUR 30
    LANXESS AG  LXSG.DE : JEFFERIES CUTS TARGET PRICE TO EUR 55
FROM EUR 62
    SYMRISE AG  SY1G.DE : JEFFERIES CUTS TARGET PRICE TO EUR 125
FROM EUR 130
    LANXESS AG  LXSG.DE : GOLDMAN SACHS CUTS TO NEUTRAL FROM BUY
    
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.7%, S&P 500 .SPX  +1.1%, Nasdaq  .IXIC 
+2.0% at close.  .N 
    Nikkei  .N225  +3.0%, Shanghai stocks  .SSEC  +0.1%.  .T 
 .SS 
    Time: 5:33 GMT
    
    
        
    ECONOMY
    No major German economic data scheduled.
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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