German stocks - Factors to watch on May 18
18/05/2020 06:36
BERLIN/FRANKFURT, May 18 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
CORONAVIRUS
The number of confirmed coronavirus cases in Germany
increased by 342 to 174,697, data from the Robert Koch Institute
(RKI) for infectious diseases showed on Monday. urn:newsml:reuters.com:*:nL8N2D00KR
German Finance Minister Olaf Scholz is working on an aid
package worth 57 billion euros ($61.65 billion) to help
municipalities cope with a plunge in tax revenues caused by the
coronavirus crisis, a finance ministry document showed on
Saturday. urn:newsml:reuters.com:*:nL8N2CY09N
One in 10 German retailers and 6% of wholesalers face
possible insolvency from extended closures to curb the
coronavirus outbreak, a survey found, despite moves in recent
days to unwind social distancing measures. urn:newsml:reuters.com:*:nL8N2CX6SI
GRAND CITY PROPERTIES GYC.DE
The real estate firm cut its 2020 FFO I for to between
213-220 million euros ($230.42 - $238.00 million), from
previously 220-226 million euros due to a 600 million euros bond
issued in April 2020, first-quarter finalised disposals and
postponed pipeline acquisitions. urn:newsml:reuters.com:*:nFWN2CX12S
DEUTSCHE TELEKOM DTEGn.DE
SoftBank Group Corp 9984.T is in talks to sell "a
significant portion" of its T-Mobile US TMUS.O stake to
controlling shareholder Deutsche Telekom AG , the Wall Street
Journal reported on Monday, citing unidentified sources.
urn:newsml:reuters.com:*:nL4N2D01A2
VOLKSWAGEN VOWG_p.DE
Volkswagen subsidiary Skoda is haltering deliveries of its
new Ocatvia model after a software problem was found in some
vehicles, Automobilwoche magazine reported on Sunday.
VW said on Friday it was halting deliveries of its Golf 8
model after problems were found in a software enabling emergency
calls, a function required by E.U. regulations since 2018.
THYSSENKRUPP TKAG.DE
The group is in talks with international peers about
consolidating its loss-making steel business, a person familiar
with the matter said. L8N2CZ0P3
DAIMLER DAIGn.DE
Daimler said on Friday it will idle its Mercedes-Benz sport
utility vehicle assembly plant in Alabama next week because of a
parts shortage. urn:newsml:reuters.com:*:nL1N2CX1PV
WIRECARD WDIG.DE
Shares in Wirecard fell to more than two-year lows on Friday
after a Dubai-based business partner closed its doors even as
the German payments company played down the impact on
operations. urn:newsml:reuters.com:*:nL8N2CX5Z7
ADLER REAL ESTATE AG ADLG.DE
Adler Real Estate said it expected no material impact from
covid-19 on FFO in 2020. urn:newsml:reuters.com:*:nASN0006WB
ANNUAL GENERAL MEETINGS
KRONES AG KRNG.DE - 0.75 eur/shr dividend proposed
EX-DIVIDEND
DMG MORI GILG.DE - 1.03 eur/shr dividend
ANALYSTS' VIEWS
COMMERZBANK AG CBKG.DE : CITIGROUP CUTS PRICE TARGET TO EUR
3.3 FROM EUR 3.5
GEA GROUP AG G1AG.DE : CITIGROUP RAISES PRICE TARGET TO EUR
25 FROM EUR 21
CECONOMY AG CECG.DE : BARCLAYS CUTS TARGET PRICE TO EUR 2.6
FROM EUR 5.5
HUGO BOSS AG BOSSn.DE : CREDIT SUISSE CUTS TARGET PRICE TO
EUR 25 FROM EUR 33
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.3%, S&P 500 .SPX +0.4%, Nasdaq .IXIC
+0.8% at close. .N
Nikkei .N225 +0.5%, Shanghai stocks .SSEC +0.6%. .T
.SS
Time: 5:35 GMT
GERMAN ECONOMIC DATA
No major economic data scheduled.
DIARIES DE/DIARY
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($1 = 0.9244 euros)
(Reporting by Berlin Speed Desk and Frankfurt Newsroom)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))