German stocks - Factors to watch on July 29

Draegerwerk AG & Co KGaA

29/07/2021 05:26

BERLIN/FRANKFURT, July 29 (Reuters) - The following are some
of the factors that may move German stocks on Thursday:
    
    CORONAVIRUS
    Germany reported 3,520 new infections and 10 more deaths.
    
    Pfizer Inc  PFE.N  on Wednesday raised its 2021 sales
forecast for its COVID-19 vaccine by 29% to $33.5 billion, and
said it believes people will need a third dose of the shot
developed with German partner BioNTech  BNTX.O  to keep
protection against the virus high.  urn:newsml:reuters.com:*:nL4N2P42GY
    
    VOLKSWAGEN  VOWG_p.DE 
    A consortium led by Volkswagen has agreed with Europcar
 EUCAR.PA  to launch a tender offer for the car rental company
that values it at 2.9 billion euros ($3.4 billion) including
debt, Europe's largest carmaker said on Wednesday.  urn:newsml:reuters.com:*:nL1N2P422H
    
    THYSSENKRUPP  TKAG.DE 
    German engineering firm Thyssenkrupp TKAG.DE is nearing an
agreement to sell its mining equipment division to Denmark's
FLSmidth FLS.CO, two people familiar with the matter
said. urn:newsml:reuters.com:*:nL1N2P41YM
    
    METRO  MB4B.DE 
    German wholesale retailer Metro AG B4B.DE on Wednesday said
third-quarter sales grew 12.2% to 6.2 billion euros ($7.3
billion), boosted by a strong recovery in demand from hotels,
restaurants and catering firms.  urn:newsml:reuters.com:*:nF9N28001B
    
    CANCOM  COKG.DE 
    The company said it had a 225 million euros book gain from
divestment of business activities in the UK and Ireland to be
recognized in the third quarter in CANCOM Group's net profit for
2021.  urn:newsml:reuters.com:*:nFWN2P41PW
    
    MORPHOSYS  MORG.DE 
    The group reported second-quarter revenues of 38.2 million
euros and an operating loss for the period of 71.4 million
euros.  urn:newsml:reuters.com:*:nASN001HQX
    
    CONDOR 
    German leisure airline Condor said on Wednesday it would
order 16 Airbus  AIR.PA  A330neo jets to replace a wide-bodied
fleet of Boeing  BA.N  767 aircraft.  urn:newsml:reuters.com:*:nL1N2P4333
    
    HEIDELBERGCEMENT  HEIG.DE 
    Second-quarter results due. 
    
    VOLKSWAGEN  VOWG_p.DE  
    Second-quarter results due. 
    
    AIXTRON  AIXGn.DE  
    First-half results due. 
    
    NEMETSCHEK  NEKG.DE  
    First-half results due.
    
    QIAGEN  QIA.DE  
    Second-quarter results due.
    
    KION  KGX.DE  
    Second-quarter results due.
    
    PUMA  PUMG.DE  
    Second-quarter results due.
    
    WACKER CHEMIE  WCHG.DE  
    Second-quarter results due.
    
    DRAEGERWERK  DRWG_p.DE  
    First-half results due. 
    
    LPKF  LPKG.DE  
    First-half results due.
    
    BEFESA  BFSA.DE  
    First-half results due.

    HAMBORNER REIT  HABAn.DE  
    First-half results due.
    
    TAKKT  TTKG.DE  
    First-half results due. 
        
    ANNUAL GENERAL MEETINGS    
    GRENKE  GLJn.DE  - 0.26 eur/shr dividend proposed
        
    EX-DIVIDEND     
    VANTAGE TOWERS  VTWRn.DE  - 0.56 euros/shr dividend
        
    ANALYSTS' VIEWS 
    DEUTSCHE BOERSE AG  DB1Gn.DE : CFRA CUTS TARGET PRICE TO EUR
165 FROM EUR 170
    DWS GROUP GMBH & CO KGAA  DWSG.DE : CREDIT SUISSE RAISES
TARGET PRICE TO EUR 42 FROM EUR 40
    TRATON SE  8TRA.DE : JP MORGAN RESUMES WITH NEUTRAL RATING
AND TARGET PRICE OF EUR 34
    BASF SE  BASFn.DE : JP MORGAN RAISES TARGET PRICE TO EUR 78
FROM EUR 72
    DEUTSCHE BANK AG  DBKGn.DE : CREDIT SUISSE RAISES TARGET
PRICE TO EUR 10.5 FROM EUR 10 
    ADIDAS AG  ADSGn.DE : COWEN AND COMPANY RAISES TARGET PRICE
TO EUR 385 FROM EUR 339 
        
    OVERSEAS STOCK MARKETS  
    S&P 500 .SPX  unchanged, Nasdaq  .IXIC  +0.7% at close.  .N 
    Nikkei  .N225  +0.7%, Shanghai stocks  .SSEC  +1.0%.  .T 
 .SS 
    Time: 4:26 GMT

    ECONOMY
    German July unemployment due at 0755 GMT. Change seen at
-28k, rate seen at 5.8%
    German July preliminary CPI due at 1200 GMT. Seen at +0.5%
m/m, +3.3% y/y, harmonized at +0.5% m/m, +2.9% y/y.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin, Frankfurt and Gdansk newsrooms)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))