German stocks - Factors to watch on April 16

Draegerwerk AG & Co KGaA

16/04/2020 05:39

BERLIN/FRANKFURT, April 16 (Reuters) - The following are
some of the factors that may move German stocks on Thursday:
    
    CORONAVIRUS
    Germany has achieved a "fragile intermediate success" in its
the fight against the coronavirus and will take small steps out
of lockdown with the partial reopening of shops next week and
schools from May 4, Chancellor Angela Merkel said on Wednesday.
 urn:newsml:reuters.com:*:nL5N2C32DJ
    
    DRAEGERWERK  DRWG_p.DE  
    German medical equipment maker Draegerwerk  DRWG.DE  on
Wednesday said strong orders for face masks and ventilators had
opened up opportunities for significantly higher net sales and
earnings in the first quarter.  urn:newsml:reuters.com:*:nL5N2C377M
    
    VOLKSWAGEN  VOWG_p.DE 
    VW said factories producing cars for its core brand in
Zwickau, Germany and Bratislava, Slovakia will resume production
starting on April 20, with other locations ramping up plants
starting from April 27 onwards. urn:newsml:reuters.com:*:nL5N2C36YR
    
    QIAGEN  QIA.DE   
    The company said its Therascreen Braf test had been approved
as a companion diagnostic to BEAFTOVI.  urn:newsml:reuters.com:*:nFWN2C31BS
    
    ZALANDO  ZALG.DE 
    First-quarter trading statement due.
    
    ENBW  EBKG.DE 
    German energy company EnBW is seeking four cargoes of
liquefied natural gas (LNG) for delivery in the third quarter of
this year, two industry sources said on Wednesday.  urn:newsml:reuters.com:*:nL5N2C36PK
    
    ANALYSTS' VIEWS 
    K+S  SDFGn.DE : CREDIT SUISSE CUTS TARGET PRICE TO EUR 5.20
FROM EUR 5.40
    ADIDAS AG  ADSGn.DE : JP MORGAN CUTS TARGET PRICE TO EUR 220
FROM EUR 235
    
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -1.9%, S&P 500 .SPX  -2.2%, Nasdaq  .IXIC 
-1.4% at close.  .N 
    Nikkei  .N225  -1.5%, Shanghai stocks  .SSEC  -0.2%.  .T 
 .SS 
    Time: 4:39 GMT
    
    
    GERMAN ECONOMIC DATA
    * German March final inflation due at 0600 GMT. CPI seen
+0.1% m/m, +1.4% y/y. HICP seen +0.1% m/m, +1.3% y/y.
    * German March wholesale prices due at 0600 GMT. 
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))