German stocks - Factors to watch on July 27
27/07/2017 07:12
FRANKFURT, July 27 (Reuters) - The DAX top-30 index .GDAXI
looked set to open 0.1 percent lower on Thursday, according to
premarket data from brokerage Lang & Schwarz at 0608 GMT.
The following are some of the factors that may move German
stocks:
U.S. FED
The Federal Reserve kept interest rates unchanged on
Wednesday and said it expected to start winding down its massive
holdings of bonds "relatively soon" in a sign of confidence in
the U.S. economy. urn:newsml:reuters.com:*:nW1N1ID01J
ALLIANZ ALVG.DE
Indicated 0.4 percent higher
The insurer forecast late on Wednesday that full-year
operating profit would be near the upper end of its target range
after its preliminary second-quarter earnings improved across
all business segments. urn:newsml:reuters.com:*:nL5N1KH977
AUTOS BMWG.DE DAIGn.DE VOWG_p.DE
BMW indicated 0.1 percent lower
Daimler indicated unchanged
VW indicated 0.2 percent lower
Britain's car-makers and traders are starting to feel the
strains of Brexit, and output this year is likely fall short of
the industry's expectations, the head of the leading UK group in
the sector said. urn:newsml:reuters.com:*:nL5N1KH65E
Also, the CEOs of BMW and Daimler are to meet this week to
discuss whether to continue pursuing a merger of their
carsharing units Car2Go and Drive Now, Handelsblatt reported,
citing industry sources.
BASF BASFn.DE
Indicated 0.7 percent lower
The world's largest chemicals group by sales posted a
better-than-expected gain in quarterly operating profit on
Thursday, boosted by strong demand for its basic petrochemicals,
and lifted its full-year profit target. urn:newsml:reuters.com:*:nL5N1KI0Z4
BAYER BAYGn.DE
Indicated 0.8 percent lower
Bayer cut its outlook for operating profit growth this year
to below 10 percent, as it grapples to cope with disappointing
demand for crop chemicals in Brazil. urn:newsml:reuters.com:*:nFWN1KI079
DEUTSCHE BANK DBKGn.DE
Indicated 1.9 percent lower
Deutsche Bank posted a sharp rise in second-quarter net
profit to 466 million euros on Thursday, benefiting from lower
legal costs for past misdeeds that outweighed a dip in debt
trading. L5N1KI165
Deutsche Bank's planned listing of its asset management arm
is unlikely before the first half of next year and could be
later, as it wants more time to refine and sell the business's
strategy to potential investors, people close to the matter
said. urn:newsml:reuters.com:*:nL5N1KH7UC
Also, a source said that Deutsche Bank is close to a deal to
get former board members to contribute substantial sums towards
the costs of the bank's past misconduct, as Germany's biggest
lender seeks to rebuild its reputation. urn:newsml:reuters.com:*:nL5N1KH96F
DEUTSCHE BOERSE DB1Gn.DE
Indicated 2.4 percent lower
Deutsche Boerse said on Wednesday that its first-half
performance was slightly below its expectations and full year
earnings were likely to be at the lower end of its forecast
range. urn:newsml:reuters.com:*:nL5N1KH7P0
VOLKSWAGEN VOWG_p.DE
Indicated 0.2 percent lower
Q2 results due. Operating profit before special items seen
up 2.8 percent at 4.51 billion euros. Poll: urn:newsml:reuters.com:*:nL5N1KC1K6
Also, Volkswagen said cooperation among carmakers on
technical issues is a common industry practice but declined
comment on allegations that it engaged in anti-competitive
conduct with other German carmakers. urn:newsml:reuters.com:*:nL5N1KH7NR
Separately, Germany's highest court ruled on Wednesday that
Munich prosecutors had no right for the time being to evaluate
materials seized during a raid in March on U.S. law firm Jones
Day. urn:newsml:reuters.com:*:nL5N1KH809
AIRBUS AIRG.DE
Down 2.1 percent in early Frankfurt trade
Airbus on Thursday unveiled a one-third slump in half-way
operating profit on flat revenue, as delays in engine deliveries
for its upgraded A320neo hit interim earnings. urn:newsml:reuters.com:*:nL5N1KI0YG
OSRAM OSRn.DE
Up 2 percent in early Frankfurt trade
The company on Wednesday confirmed its outlook for the 2017
fiscal year as it reported quarterly results. urn:newsml:reuters.com:*:nASM000D8W
DIALOG SEMICONDUCTOR DLGS.DE
Indicated 1.1 percent higher
The company reported Q2 revenue of $255.5 million, which it
said was above the mid-point of guidance, and said it expected
Q3 revenue of $340-370 million. urn:newsml:reuters.com:*:nASM000D9C
DRAEGERWERK DRWG_p.DE
Indicated 0.8 percent lower
Published full Q2 results. The group had released
preliminary results earlier this month, showing a 20 percent
drop in operating profit, but stuck with its full-year guidance.
urn:newsml:reuters.com:*:nL8N1K43U1
EVOTEC EVTG.DE
Indicated 1.3 percent higher
The group said it was expanding its collaboration with Storm
Therapeutics on its RNA epigenetics platform. urn:newsml:reuters.com:*:nFWN1KI03Y
QIAGEN QIA.DE
Down 0.5 percent in early Frankfurt trade
Q2 results due around 2000 GMT. Adjusted EBIT seen up 17.8
percent at 81.5 million euros. Poll: urn:newsml:reuters.com:*:nL5N1KG51E
WIRECARD WDIG.DE
Indicated 1.2 percent higher
Confirmed guidance after Q2 EBITDA rises 35 percent.
urn:newsml:reuters.com:*:nFWN1KI080
DMG MORI GILG.DE
Indicated 0.2 percent lower
Raised its forecast for 2017 after reporting Q2 results.
urn:newsml:reuters.com:*:nFWN1KI082
TAKKT TTKG.DE
Indicated unchanged
The group reported its first-half EBITDA slipped to 82
million euros, from around 95 million a year earlier, and
affirmed its guidance. urn:newsml:reuters.com:*:nASM000D99
ENBW EBKG.DE
Down 1.5 percent in early Frankfurt trade
H1 results due.
ANNUAL GENERAL MEETINGS
HEIDELBERGER DRUCKMASCHINEN HDDG.DE - no dividend proposed
ANALYSTS' VIEWS
KLOECKNER & CO KCOGn.DE - Exane BNP Paribas raises to
"outperform" from "neutral"
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.5 pct, S&P 500 .SPX unchanged, Nasdaq
.IXIC +0.2 pct at close. .N
Nikkei .N225 +0.2 pct, Shanghai stocks .SSEC -0.1 pct.
Time: 6.12 GMT. .T .SS
GERMAN ECONOMIC DATA
German GfK consumer sentiment for August 10.8, reaches
16-year high. urn:newsml:reuters.com:*:nU8N1ES02M
ECONDE G7TODAY
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
($1 = 0.8604 euros)
(Reporting by Tom Sims, Maria Sheahan and Victoria Bryan)
((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))
Keywords: GERMANY STOCKS/FACTORS