German stocks - Factors to watch on March 25

ElringKlinger AG

25/03/2022 06:00

BERLIN/FRANKFURT, March 25 (Reuters) - The following are
some of the factors that may move German stocks on Friday:
    
    UKRAINE
    President Volodymyr Zelenskiy said on Friday that Ukrainians
"need to achieve peace" and halt Russian bombardment that has
forced millions to flee to countries like Poland, where U.S.
President Joe Biden is due to witness the crisis first hand.
    On the heels of leaders' summits in Brussels that aimed to
show a united Western front against Russia's month-long invasion
of its neighbour, Biden goes to Poland on Friday to meet experts
involved in the refugee response.  urn:newsml:reuters.com:*:nL2N2VS08N
    
    CORONAVIRUS
    Germany reported 296,498 new infections and 288 more deaths.
    
    BAYER  BAYGn.DE 
    Bayer AG reached an $80 million settlement with Ohio to
resolve environmental damage allegedly caused by polychlorinated
biphenyls, or PCBs, made by the company's Monsanto business, the
state attorney general said on Thursday.
    
    SAP  SAPG.DE 
    German business software giant SAP on Thursday said it would
shut down its cloud operations in Russia, withdrawing further
from the country after stopping sales in Russia earlier this
month.  urn:newsml:reuters.com:*:nL5N2VR6Q6
    SAP said seprately its supervisory board had agreed with
Luka Mucic, chief financial officer and executive board member,
that he will depart the company on March 31, 2023.  urn:newsml:reuters.com:*:nFWN2VR0ZX
    
    ELRINGKLINGER  ZILGn.DE  
    The car parts maker late on Thursday revoked its full-year
guidance for an EBIT margin slightly below the 2021 level,
citing uncertainty from the war in Ukraine. No new guidance
could be given for now.  urn:newsml:reuters.com:*:nASM0004ZC
    
    DAIMLER TRUCK  DAIGn.DE 
    Daimler Truck said on Thursday it was not now in talks over
whether it would take over a stake in Russia's Kamaz  KMAZ.MM 
from its former parent Mercedes-Benz AG  MBGn.DE , an issue that
predated the Ukraine crisis.  urn:newsml:reuters.com:*:nL5N2VR683
    
    PROGRESS WERK OBERKIRCH  PWOG.DE 
    Progress Werk Oberkirch said on Thursday it would propose a
dividend of 1.50 euros per share.  urn:newsml:reuters.com:*:nASM0004ZI
    
    ECKERT & ZIEGLER  EUZG.DE 
    Eckert & Ziegler to increase dividend proposal to 0.50
euros.  urn:newsml:reuters.com:*:nASM0004ZP
    
    BAYWA AG  BYWGnx.DE 
    First quarter results due.
    
    VITESCO  VTSCn.DE 
    Full year results due.
    
    SECUNET SECURITY NETWORKS AG  YSNG.DE 
    Full year results due.
    
    SARTORIUS  SATG.DE 
    Annual general meeting to take place
    
    ANNUAL GENERAL MEETINGS
    SARTORIUS  SATG.DE  - 5.38 eur/shr dividend proposed
        
    EX-DIVIDEND 
    DIC ASSET  DICn.DE  - 0.75 euros/shr dividend
        
    ANALYSTS' VIEWS 
    VONOVIA SE  VNAn.DE : RBC CUTS TARGET PRICE TO EUR 52 FROM
EUR 53
    HENKEL AG & CO KGAA  HNKG_p.DE : JEFFERIES CUTS TARGET PRICE
TO EUR 75 FROM EUR 80
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +1.0%, S&P 500 .SPX  +1.4%, Nasdaq  .IXIC 
+1.9% at close.  .N 
    Nikkei  .N225  unchanged, Shanghai stocks  .SSEC  -1%.  .T 
 .SS 
    Time: 5:59 GMT
    
    ECONOMY
    German March Ifo due at 0900 GMT. Expectations seen at 92.0,
Current conditions seen at 96.5, Business climate seen at 94.2
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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