German stocks - Factors to watch on April 5

Draegerwerk AG & Co KGaA

05/04/2017 06:16

FRANKFURT, April 5 (Reuters) - The following are some of the 
factors that may move German stocks on Wednesday: 
     
    ALLIANZ  ALVG.DE   
    A consortium led by a unit of Allianz is looking to buy a 
third of the 15 percent stake Atlantia  ATL.MI  is selling in 
its Italian motorway business, two sources close to the matter 
said on Tuesday.  urn:newsml:reuters.com:*:nI6N189019 
    Separately, Pimco regained its perch as the manager behind 
the world's largest actively managed bond fund, data from the 
asset manager showed on Tuesday.  urn:newsml:reuters.com:*:nL2N1HC24S 
     
    COMMERZBANK  CBKG.DE  
    Germany's second-largest bank has informed its works council 
that 7,800 jobs will be cut in Germany as part of a 
restructuring announced last year, Handelsblatt newspaper 
reported.  urn:newsml:reuters.com:*:nFWN1HC0IH 
     
    DEUTSCHE BANK  DBKGn.DE   
    Sufficient demand has been regisrered for the bank's capital 
increase, Handelsblatt reported on Wednesday, citing financial 
sources.  
     
    VOLKSWAGEN  VOWG_p.DE  
    Former VW chairman Ferdinand Piech will leave the 
supervisory board of Porsche SE in autumn, Handelsblatt 
reported. Porsche SE said on Monday Piech would stay on the 
board until the closing of the stake sale. The paper said the 
regulatory review of the sale could take 6 months.               
   
     
    ANALYSTS' VIEWS  
    DRAEGERWERK  DRWG_p.DE   - HSBC lowers to "Reduce" from 
"Hold" 
    NANOGATE  N7GG.DE  - Berenberg starts with "Buy", 58 eur 
target price  
         
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  +0.2 pct, S&P 500 .SPX  +0.1 pct, Nasdaq 
 .IXIC  +0.1 pct at close.  .N  
    Nikkei  .N225  +0.1 pct, Shanghai stocks  .SSEC  +1.1 pct. 
    Time: 5.16 GMT.  .T   .SS  
     
    GERMAN ECONOMIC DATA 
    German March final Markit PMI due at 0755 GMT. Services PMI 
seen flat at 55.6 points, composite PMI unchanged at 57.0. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Emma Thomasson and Victoria Bryan) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/FACTORS