German stocks - Factors to watch on March 3

Draegerwerk AG & Co KGaA

03/03/2022 06:21

BERLIN/FRANKFURT, March 3 (Reuters) - The following are some
of the factors that may move German stocks on Thursday:
    
    UKRAINE CRISIS
    Russian troops were in the centre of the Ukrainian port of
Kherson on Thursday after a day of conflicting claims over
whether Moscow had captured a major urban centre for the first
time in its eight-day invasion.  urn:newsml:reuters.com:*:nL1N2V607X
    
    Russia will face further sanctions from the international
community if it does not change course from its invasion of
Ukraine, German Finance Minister Christian Lindner said on
Wednesday after talks with European counterparts.  urn:newsml:reuters.com:*:nS8N2QT0AK
    
    German authorities have seized a nearly $600 million luxury
yacht owned by Russian billionaire Alisher Usmanov who has faced
European Union sanctions over Russia's invasion of Ukraine,
Forbes reported, citing sources in the yacht
industry. urn:newsml:reuters.com:*:nL1N2V53W9
    
    
    SAP  SAPG.DE 
    SAP said it was 'stopping business in Russia aligned with
sanctions', and offered to convert its EU offices into
warehouses and accommodation for Ukrainian refugees.
 urn:newsml:reuters.com:*:nL1N2V53X4
    
    
    VOLKSWAGEN  VOWG_p.DE  BMW  BMWG.DE  MERCEDES-BENZ  MBGn.DE 
    Carmakers association VDA said that the fallout from
Russia's invasion of Ukraine was disrupting transport routes as
well as financial transactions and that it was bracing for
shortages in a range of raw materials. urn:newsml:reuters.com:*:nL8N2V56RQ
    Separately, luxury carmaker Mercedes-Benz said it would
suspend the export of passenger cars and vans to Russia as well
as local manufacturing in the country. urn:newsml:reuters.com:*:nL8N2V56ET
    BMW separately said it is investing more than $200 million
to add a new press shop at its South Carolina plant  urn:newsml:reuters.com:*:nFWN2V51MC
    
    
    BLUE CAP AG  B7EG.DE 
    Blue Cap AG agrees to acquire a qualified majority stake of
74% in Transline Gruppe GmbH and its five operating businesses
 urn:newsml:reuters.com:*:nASM000215
    
    
    MERCK KGAA  MRCG.DE  
    Germany's Merck KGaA  MRCG.DE  said it expected strong
earnings growth this year, driven by its Life Science unit,
which supplies materials and gear to COVID-19 vaccine makers and
to a buoyant pharmaceuticals industry.  urn:newsml:reuters.com:*:nS8N2UB0DV
    
    
    PUMA  PUMG.DE 
    German sportswear company Puma said on Wednesday that
deliveries to Russia have been stopped but its 100 stores in the
country are open.  urn:newsml:reuters.com:*:nL8N2V56GZ
    

    DEUTSCHE LUFTHANSA AG  LHAG.DE  
    The airline reported 2021 adjusted EBIT of -2.3 billion
euros versus -5.5 billion in 2020.  urn:newsml:reuters.com:*:nL8N2V60PE
    
    
    TUI AG  TUIGn.DE 
    TUI AG says the European Union imposed sanctions on
shareholder Alexey Mordashov, who resigned from the supervisory
board. 
    
    
    EVONIK INDUSTRIES AG  EVKn.DE 
    German chemicals group Evonik Industries reported on
Thursday lower than expected adjusted core profit for the fourth
quarter, but higher than the previous year, citing continued
strong demand in all chemical divisions.  urn:newsml:reuters.com:*:nL8N2V60N6
    
    
    GEA GROUP AG  G1AG.DE 
    Full-year results due.
    
            
    KION GROUP AG  KGX.DE  
    Kion Group 2021 revenue up 23.4% to 10.29 billion euros
    
    
    PROSIEBENSAT1 MEDIA SE  PSMGn.DE  
    Full-year results due.
    
    
    STROEER SE & CO KGAA  SAXG.DE 
    Preliminary FY adjusted EBITDA up at 513 million euros. 
    
    
    UNIPER  UN01.DE 
    Parent Fortum  FORTUM.HE  holds its annual press conference.
    
    
    DRAEGERWERK AG & CO KGAA  DRWG.DE  
    Full-year results due.
    
    
    GFT TECHNOLOGIES SE  GFTG.DE  
    Preliminary full-year results due.
    
    
          
    ANALYSTS' VIEWS 
    COMMERZBANK AG  CBKG.DE : RBC RAISES TARGET PRICE TO EUR
8.50 FROM EUR 8.30
    DEUTSCHE LUFTHANSA AG  LHAG.DE : HSBC CUTS TARGET PRICE TO
EUR 5.2 FROM EUR 5.4
    KRONES AG  KRNG.DE : HSBC RAISES TARGET PRICE TO EUR 91 FROM
EUR 89
    BASF SE  BASFn.DE : HSBC CUTS TARGET PRICE TO EUR 64 FROM
EUR 74
        
    
    
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +1.8%, S&P 500 .SPX  +1.9%, Nasdaq  .IXIC 
+1.6% at close.  .N 
    Nikkei  .N225  +0.7%, Shanghai stocks  .SSEC  +0.1%.  .T 
 .SS 
    Time: 6:21 GMT
    
    
    
    ECONOMY
    German February Markit Final due at 0855 GMT. Composite seen
at 56.2, services seen at 56.2

    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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