German stocks - Factors to watch on May 22

Elmos Semiconductor SE

22/05/2020 05:15

BERLIN, May 22 (Reuters) - The following are some of the
factors that may move German stocks on Friday:
    
    CORONAVIRUS
    Germany's private sector recession eased in May as a
loosening of lockdown measures in the coronavirus crisis helped
services and manufacturers gain some ground, a survey showed.
 urn:newsml:reuters.com:*:nZRN000FMO
    German exporters are regaining momentum in their trade with
China, epicentre of the coronavirus outbreak, Martin Wansleben,
managing director of Germany's DIHK chambers of industry and
commerce, told Reuters.  urn:newsml:reuters.com:*:nL8N2D34S7
    The number of confirmed coronavirus cases in Germany
increased by 460 to 177,212 while the reported death toll rose
by 27 to 8174, data from the Robert Koch Institute showed.
    
    
    STOCK MARKET
    Thursday was a public holiday in Germany, but the Frankfurt
stock exchange was open for trading. The blue-chip index DAX
 .GDAXI  closed -1.4%.
    
    
    LUFTHANSA  LHAG.DE  
    The airline is in advanced talks over a 9-billion euro
bailout that would see Germany take a 20% stake.  urn:newsml:reuters.com:*:nL8N2D27HT
Its shares closed up 2.7% on Thursday evening.
    Austrian unit AUA has agreed a short-time work model and
salary cuts of up to 15% with its on-board staff and 20% cost
reductions with its suppliers and no longer sees itself
immediately threatened by insolvency, it said.  urn:newsml:reuters.com:*:nL8N2D23UV
    
    FRESENIUS MEDICAL CARE  FMEG.DE 
    The company confirmed that patient data from some of its
dialysis centres in Serbia leaked after a recent hacker attack.
 urn:newsml:reuters.com:*:nL8N2D3343
    
    VOLKSWAGEN  VOWG_p.DE 
    The company withdrew an advert posted on its official
Instagram page for its Golf cars that it admitted was racist and
insulting, saying it would investigate how it came about and
draw consequences.  urn:newsml:reuters.com:*:nL8N2D26EY
    
    DEUTSCHE BANK  DBKGn.DE 
    Shareholders at the annual general meeting voted to ratify
the actions the lender's CEO and supervisory board.  urn:newsml:reuters.com:*:nL8N2D26HJ
    
    
    AROUNDTOWN  AT1.DE 
    The board of directors has determined that proposing a
dividend distribution to the annual shareholders' meeting is
currently not in the company's best interest, Aroundtown said.
 urn:newsml:reuters.com:*:nEQ7mhw1Va
    
    ZALANDO  ZALG.DE  
    The online fashion retailer proposed that Jennifer Hyman,
the chief executive of U.S. clothing rental firm Rent the
Runway, joins its supervisory board, replacing Alexander Samwer.
 urn:newsml:reuters.com:*:nASN000720
    
    
    ANNUAL GENERAL MEETINGS
    TAG IMMOBILIEN  TEGG.DE  - 0.82 eur/shr dividend proposed
    ELMOS SEMICONDUCTOR  ELGG.DE  - 0.52 eur/shr dividend
proposed
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.4%, S&P 500 .SPX  -0.8%, Nasdaq  .IXIC 
-1% at close.  .N 
    Nikkei  .N225  -0.8%, Shanghai stocks  .SSEC  -1.3%.  .T 
 .SS 
    Time: 4:15 GMT
    
    
    ECONOMY
    No major German economic data scheduled
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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