German stocks - Factors to watch on May 25

Elmos Semiconductor SE

25/05/2020 05:25

BERLIN/FRANKFURT, May 25 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
    
    VOLKSWAGEN  VOWG_p.DE 
    A German federal court is due to deliver a landmark ruling
in a case in which an owner of a Volkswagen van is seeking
damages from the carmaker because it had sold vehicles with
manipulated diesel engines.
    The Mexican state of Puebla said that conditions "do not
exist" yet to re-start activities in its automotive industry due
to the coronavirus pandemic, putting the brakes on carmakers,
including Volkswagen, rebooting their operations there.
 urn:newsml:reuters.com:*:nL1N2D5023
    
    DEUTSCHE BANK  DBKGn.DE 
    Deutsche Bank AG said it has asked more of its senior
managers to waive one month of fixed pay in an effort to cut
costs as Germany's largest lender deals with the fallout of the
coronavirus crisis.  urn:newsml:reuters.com:*:nL4N2D4495
    
    LUFTHANSA  LHAG.DE 
    Lufthansa, which is in talks with the German government over
a 9-billion euro bailout, will resume flights to 20 destinations
from mid-June, including some holiday hot-spots, a spokeswoman
said.  L8N2D604V 
    
    DAIMLER  DAIGn.DE 
    Aston Martin  AML.L  Chief Executive Andy Palmer is leaving
the business as part of a management shake-up and will be
replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar
with the matter told Reuters.  urn:newsml:reuters.com:*:nL8N2D60EV
    
    
    KION  KGX.DE 
    The company said that it was granted an additional credit
facility of up to 1 billion euros by KfW and its banks.
 urn:newsml:reuters.com:*:nFWN2D40I2
        
    
    EX-DIVIDEND 
    TAG IMMOBILIEN  TEGG.DE  - 0.82 euros/shr dividend
    ELMOS SEMICONDUCTOR  ELGG.DE  - 0.52 euros/shr dividend
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  unchanged, S&P 500 .SPX  +0.2%, Nasdaq
 .IXIC  +0.4% at close.  .N 
    Nikkei  .N225  +1.4%, Shanghai stocks  .SSEC  unchanged.
 .T   .SS 
    Time: 4:25 GMT
    
    
    ECONOMY
    * Eurogroup chief Mario Centeno said plans by Germany and
France to set up a 500 billion euro recovery fund to cope with
the coronavirus pandemic would be a step towards a fiscal union
of the bloc.  urn:newsml:reuters.com:*:nL8N2D50AG
    * German Q1 GDP due at 0600 GMT. Seen -2.2% q/q, -2.3% y/y
    * German May Ifo indicator due at 0800 GMT. Business climate
seen at 78.3, current conditions at 80.0, expectations at 75.0
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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