German stocks - Factors to watch on March 12
12/03/2019 06:08
BERLIN/FRANKFURT, March 12 (Reuters) - The following are
some of the factors that may move German stocks on Tuesday:
BREXIT
British Prime Minister Theresa May won legally binding
Brexit assurances from the EU in a last ditch attempt to sway
rebellious British lawmakers who have threatened to vote down
her divorce deal again. urn:newsml:reuters.com:*:nL8N20Y161
DEUTSCHE BANK DBKGn.DE COMMERZBANK CBKG.DE
German Finance Minister Olaf Scholz confirmed that the
country's two largest publicly listed banks were exploring a
possible merger. urn:newsml:reuters.com:*:nL8N20Y1VK
Separately, the New York attorney general's office issued
subpoenas to Deutsche Bank and Investors Bank for records
relating to the financing of four major Trump Organization. https://nyti.ms/2F5ikDK
FRESENIUS MEDICAL CARE FMEG.DE
The kidney dialysis company said it would buy back up to 330
million euros of its own shares. urn:newsml:reuters.com:*:nFWN20Y0OS
VOLKSWAGEN VOWG_p.DE
Volkswagen said it will launch 70 new electric models by
2028, accelerating its rollout of zero-emission cars as earnings
revealed the operating margin at its core brand had taken a hit
from new emissions tests. urn:newsml:reuters.com:*:nL8N20Z0KC
Additionally, annual news conference due at 0800 GMT.
Livestream: https://bit.ly/2nXQBh9
Separately, Alphabet Inc's GOOGL.O self-driving car
division, Waymo, has been seeking financing from Volkswagen AG,
a technology website reported on Monday, adding that Fiat
Chrysler FCHA.MI and Jaguar could also be among potential
investors. urn:newsml:reuters.com:*:nL3N20Y44E
UNIPER UN01.DE
Q4 results due. Adj EBITDA seen at 645 million euros. Poll:
urn:newsml:reuters.com:*:nL5N20U5B1
CHEMICALS
German chemicals association VCI due to release 2018 results
ENERGY
Germany's oil and gas producers' association BVEG due to
issue 2018 domestic production data
DMG MORI GILG.DE
2018 results & analysts' conference due
KLOECKNER & CO KCOGn.DE
The steel trader said it expects higher sales and core
earnings this year, lifted by an increase in prices and an
uptick in demand it forecast for its key markets Europe and the
United States. urn:newsml:reuters.com:*:nB4N1S101B
WACKER NEUSON WACGn.DE
The construction equipment company said it will propose a
dividend of 60 cents per share and a special payout of 50 cents
per share. urn:newsml:reuters.com:*:nASM000OB1
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.8 pct, S&P 500 .SPX +1.5 pct, Nasdaq
.IXIC +2.0 pct at close. .N
Nikkei .N225 +1.9 pct, Shanghai stocks .SSEC +1.2 pct.
.T .SS
Time: 6:08 GMT.
GERMAN ECONOMIC DATA
No major economic data scheduled
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Berlin Speed Desk and Frankfurt Newsroom)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))