German stocks - Factors to watch on July 16

Draegerwerk AG & Co KGaA

16/07/2018 05:59

BERLIN/FRANKFURT, July 16 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
    
    DEUTSCHE BANK  DBKGn.DE 
    The German lender wants to strengthen its position in
payment positions with takeovers of fintech companies, the
bank's head of transaction banking told Handelsblatt in an
interview.
    
    THYSSENKRUPP  TKAG.DE  
    The largest shareholders of ThyssenKrupp and Kone, the
Alfried Krupp foundation and billionaire Antti Herlin, have held
talks on a potential merger of the elevator businesses of the
two companies, according to Handelsblatt (Monday).  urn:newsml:reuters.com:*:nL8N1UB0VB
    
    DIALOG SEMICONDUCTOR  DLGS.DE 
    The chipmaker said on Friday it expects second-quarter
profitability to beat estimates published in May.  urn:newsml:reuters.com:*:nFWN1U90HA
    
    DRAEGERWERK  DRWG_p.DE 
    The company on Friday kept to its full-year sales and Ebit
guidance even as second-quarter profit fell on higher costs.
 urn:newsml:reuters.com:*:nFWN1U90H1
    
    DEUTSCHE BANK  DBKGn.DE  
    The Hainan Chihang Foundation, a charity linked to Chinese
airline-to-property conglomerate HNA Group, is not seeking a tax
exempt status, it said on Sunday. HNA owns 7.6 pct in Deutsche
Bank. urn:newsml:reuters.com:*:nFWN1U90J2 
    
    DEUTSCHE TELEKOM  DTEGn.DE  
    T-Systems is losing the the maintenance contract for PC
workplaces at RWE/Innogy, weekly Wirtschaftswoche reported on
Sunday. Since 2013 the Deutsche Telekom unit had been in charge
of servicing 40,000 workplaces at the utility.
    
                
    ANALYSTS' VIEWS 
    CONTINENTAL  CONG.DE  - Jefferies cuts target price to 230
euros
    DWS  DWSG.DE  - Barclays cuts target price to 28.50 euros
from 31 euros
    SCHAEFFLER  SHA_p.DE  - Jefferies cuts target price to 12
euros 
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.4 pct, S&P 500 .SPX  +0.1 pct, Nasdaq
 .IXIC  unchanged at close.  .N 
    Japanese markets closed, Shanghai stocks  .SSEC  -0.5 pct.
    Time: 4.59 GMT.  .T   .SS 
    
    
    GERMAN ECONOMIC DATA
    No economic data scheduled.
    
    EUROPEAN FACTORS TO WATCH  WATCH/EU 
    DIARIES  DE/DIA   WEU/EQUITY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Andreas Cremer, Arno Schuetze and Tom Sims)
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))