German stocks - Factors to watch on May 10

Draegerwerk AG & Co KGaA

10/05/2017 05:43

FRANKFURT, May 10 (Reuters) - The following are some of the 
factors that may move German stocks on Wednesday: 
     
    BMW  BMWG.DE  
    The luxury carmaker group will raise annual production 
capacity to 3 million cars by 2020 and plans to build its X5 
offroader in China, German daily Handelsblatt said, citing 
company sources familiar with the plans.  urn:newsml:reuters.com:*:nL8N1IB6H1 
     
    COMMERZBANK  CBKG.DE  
    The German lender plans to cut jobs in its corporate banking 
division, slashing a third of the division's headcount by 2020, 
Handelsblatt said, citing an internal company document. The cuts 
are part of 7,300 job cuts announced last year. 
     
    CHEMICALS SECTOR  BASFn.DE  BAYGn.DE  LXSG.DE  EVKn.DE  
    German chemicals sector association VCI's quarterly report 
due at 0800 GMT. 
 
    HEIDELBERGCEMENT  HEIG.DE   
    Q1 results due. OIBD seen up 6 percent at 416 million euros  
($453 million). Poll:  urn:newsml:reuters.com:*:nL8N1IB3QT 
         
    LUFTHANSA  LHAG.DE   
    April traffic figures due at 1100 GMT. 
     
    LINDE  LING.DE  
    A deal with U.S. peer Praxair  PX.N  is expected to be 
finalised within weeks, chairman Wolfgang Reitzle told Reuters, 
reiterating his determination to get the deal done despite union 
opposition. urn:newsml:reuters.com:*:nL8N1IB6KT 
     
    MERCK  MRCG.DE  
    The United States Food and Drug Administration (FDA) granted 
accelerated approval for Merck's immuno-oncology drug Avelumab, 
to treat bladder cancer.  urn:newsml:reuters.com:*:nFWN1IB0W8 
     
    SAP  SAPG.DE  
    SAP needs to pay staff as well as its United States based 
rivals do, to remain competitive, Chairman Hasso Plattner told 
German daily Handelsblatt.  
     
    AXEL SPRINGER  SPRGn.DE   
    Q1 results due. 
     
    BRENNTAG  BNRGn.DE  
    Q1 results due. EBITDA seen up 7 percent at 205 million 
euros. Poll:  urn:newsml:reuters.com:*:nL8N1I54DC 
     
    HANNOVER RE  HNRGn.DE  
    Q1 results due. Net profit seen down 3 percent at 263 
million euros. Poll:  urn:newsml:reuters.com:*:nL8N1IA4CQ     
     
    HOCHTIEF  HOTG.DE   
    Q1 results due. Net profit seen up 39 percent at 88.0 
million euros. Poll:  urn:newsml:reuters.com:*:nL8N1IB4D6 
    Hochtief said E.E. Cruz had been awarded a $70 million 
contract to build a Westchester Bridge project.  urn:newsml:reuters.com:*:nFWN1IB0WD 
    Separately, its unit CIMIC  CIM.AX  and its partners will 
deliver three new projects worth A$276 million ($203 million)for 
Main Roads Western Australia following a renegotiation of the 
Roe 8 contract.  urn:newsml:reuters.com:*:nFWN1IB11Q 
    CIMIC also won A$117 million in solar EPC projects. 
 urn:newsml:reuters.com:*:nFWN1IC006 
     
    LEG IMMOBILIEN  LEGn.DE   
    Q1 results due. 
     
    LEONI  LEOGn.DE   
    Q1 results due. 
     
    NORMA  NOEJ.DE   
    Q1 results due. Adjusted EBITA seen up 9 percent at 43.7 
million euros. Poll:  urn:newsml:reuters.com:*:nL8N1I74C9 
     
    BECHTLE  BC8G.DE   
    Q1 results due. 
     
    CARL ZEISS MEDITEC  AFXG.DE   
    Full Q2 results due. The group published preliminary figures 
on April 4 and said it expected its full-year EBIT to 
significantly exceed the year-earlier level.  urn:newsml:reuters.com:*:nASN0006IX 
     
    EVOTEC  EVTG.DE   
    Q1 results due. 
     
    BIOTEST  BIOG_p.DE   
    Q1 results due. The group on April 26 slashed its guidance 
for 2017 sales and EBIT.  urn:newsml:reuters.com:*:nASN0006V5 
     
    PATRIZIA IMMOBILIEN  P1ZGn.DE   
    Reported Q1 operating income 9.3 million euros, and 
confirmed its full-year guidance. urn:newsml:reuters.com:*:nRSD9nD2td 
     
    SCOUT24  G24n.DE   
    Q1 results due. 
     
    ANNUAL GENERAL MEETINGS 
    E.ON  EONGn.DE  - 0.21 eur/shr dividend proposed 
    HEIDELBERGCEMENT  HEIG.DE  - 1.60 eur/shr dividend proposed 
    LINDE  LING.DE  - 3.70 eur/shr dividend proposed 
    SAP  SAPG.DE  - 1.25 eur/shr dividend proposed 
    VOLKSWAGEN  VOWG_p.DE  - 2.06 eur/shr dividend proposed 
    HANNOVER RE  HNRGn.DE  - 5.00 eur/shr dividend proposed 
    HOCHTIEF  HOTG.DE  - 2.60 eur/shr dividend proposed 
    K+S  SDFGn.DE  - 0.30 eur/shr dividend proposed 
    DRAEGERWERK  DRWG_p.DE  - 0.19 eur/preference shr, 0.13 
eur/ordinary shr dividend proposed 
    BIOTEST  BIOG_p.DE  - 0.07 eur/preference shr, 0.05 
eur/ordinary share dividend proposed 
    HAMBORNER REIT  HABG.DE  - 0.43 eur/shr dividend proposed 
    TAKKT  TTKG.DE  - 0.55 eur/shr dividend proposed 
         
    EX-DIVIDEND  
    RHEINMETALL  RHMG.DE  - dividend 1.45 eur/shr 
    CTS EVENTIM  EVDG.DE  - dividend 0.98 eur/shr 
    TELEFONICA DEUTSCHLAND  O2Dn.DE  - dividend 0.25 eur/shr 
         
    ANALYSTS' VIEWS 
    KLOECKNER & CO  KCOGn.DE  - Helvea Baader raises to "hold" 
from "sell" 
     
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  -0.2 pct, S&P 500 .SPX  -0.1 pct, Nasdaq 
 .IXIC  +0.3 pct at close.  .N  
    Nikkei  .N225  +0.3 pct, Shanghai stocks  .SSEC  +0.3 pct. 
    Time: 4.43 GMT.  .T   .SS  
 
    GERMAN ECONOMIC DATA 
    No economic data scheduled. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
($1 = 1.3581 Australian dollars) 
 
($1 = 0.9181 euros) 
 
 (Reporting by Edward Taylor and Maria Sheahan) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/FACTORS