German stocks - Factors to watch on May 7
07/05/2018 06:08
BERLIN/FRANKFURT, May 7 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
VOLKSWAGEN VOWG_p.DE
The U.S. Justice Department said on Friday that former
Volkswagen Chief Executive Martin Winterkorn, indicted on four
felony charges in Detroit in the company's diesel emissions
scandal, is a fugitive who faces a U.S. arrest warrant.
urn:newsml:reuters.com:*:nL1N1SB1XM
In Germany, the prosecutors are entering the final stretches
of their investigation into Winterkorn and 38 other suspects
about their alleged manipulation of diesel engines, Frankfurter
Allgemeine Sonntagszeitung quoted senior prosecutor Klaus Ziehe
as saying.
Separately, Handelsblatt daily cited sources as saying that
some members of Volkswagen's supervisory board were increasingly
unhappy that the internal investigation of the diesel scandal
promised by Chairman Hans Dieter Poetsch is expected to take at
least one more year.
ALLIANZ ALVG.DE
Allianz has sold an 8.4 percent stake of Banco BPI BBPI.LS
to CaixaBank CABK.MC for 178 million euros - valuing each BPI
share at 1.45 euros - for a premium of 22.67 percent to the
stock's closing price on May 4, the insurer said on
Sunday. urn:newsml:reuters.com:*:nL8N1SD0OB
DAIMLER DAIGn.DE
Stuttgart prosecutors will be able to review files seized a
year ago at the carmaker during searches related to diesel
pollution, Handelsblatt reported, citing a spokesman for the
prosecutor's office.
DEUTSCHE BANK DBKGn.DE
Deutsche Bank will shift its New York headquarters from Wall
Street to a location midtown, at a time when Germany's largest
bank is scaling back its U.S. operations. urn:newsml:reuters.com:*:nL3N1SB56Y
DEUTSCHE POST DPWGn.DE
The German government plans to push for better working
conditions for employees of Deutsche Post DPWGn.DE , which is
partly state-owned, Finance Minister Olaf Scholz said on ARD
programme Anne Will on Sunday.
LUFTHANSA LHAG.DE
Budget unit Eurowings currently has no acquisitions on the
agenda as the company first needs time to integrate business it
took over from collapsed competitor Air Berlin, Eurowings CEO
Thorsten Dirks told Sueddeutsche Zeitung.
AIRBUS AIRG.DE
Airbus AIR.PA and Boeing BA.N are preparing for possible
changes to dozens of plane orders from Middle East carrier
Etihad Airways as it presses ahead with a company-wide review,
four sources familiar with the matter said. urn:newsml:reuters.com:*:nL8N1SD0IR
HANNOVER RE HNRGn.DE
Q1 results due.
HOCHTIEF HOTG.DE
Q1 results due after market close.
ROCKET INTERNET RKET.DE
The ecommerce investor repurchased 9.7 million own shares
through a public buyback programme, it said. urn:newsml:reuters.com:*:nASO0004AG
SCOUT24 G24n.DE
The company's supervisory board chairman and two other
members of the controlling panel resigned after the annual
shareholder meeting, the firm said on Friday. urn:newsml:reuters.com:*:nASO0004AF
STABILUS STAB.DE
The group hiked its 2018 guidance for organic sales growth
to 8.8 percent from 7.1 percent as it reported first-half
results. urn:newsml:reuters.com:*:nFWN1SD01G
SPRINGER NATURE SPGG.DE
Springer Nature has attracted strong demand for its stock
market listing, with order books, excluding a so-called
greenshoe option, oversubscribed, bookrunner Morgan Stanley said
on Friday. The company has set a price range at between 10.50
euros ($12.53) and 14.50 euros. urn:newsml:reuters.com:*:nL8N1SB6JX
ANNUAL GENERAL MEETINGS
HANNOVER RE HNRGn.DE - 5.00 eur/shr dividend proposed
EX-DIVIDEND
BASF BASFn.DE - 3.10 eur/shr dividend
DRAEGERWERK DRWG.DE DRWG_p.DE - 0.40 eur/ordinary shr,
0.46 eur/preference shr dividend
DMG MORI GILG.DE - 1.03 eur/shr dividend
JOST WERKE JSTG.DE - 0.50 eur/shr dividend
OVERSEAS STOCK MARKETS
Dow Jones .DJI +1.4 pct, S&P 500 .SPX +1.3 pct, Nasdaq
.IXIC +1.7 pct at close. .N
Nikkei .N225 -0.1 pct, Shanghai stocks .SSEC +1.3 pct.
Time: 5.08 GMT. .T .SS
GERMAN ECONOMIC DATA
German March industrial orders due at 0600 GMT. Seen +0.5
pct m/m.
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Andreas Cremer, Arno Schuetze and Maria Sheahan)
((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))