Corrected: German stocks - Factors to watch on March 20

Fielmann AG

20/03/2020 06:05

(Corrects Hornbach entry to read Hornbach Holding, not Hornbach
Baumarkt)
    BERLIN/FRANKFURT, March 20 (Reuters) - The following are
some of the factors that may move German stocks on Friday:
    
    CORONAVIRUS
    The world's richest nations poured unprecedented aid into
the global economy on Thursday as coronavirus cases ballooned in
the new epicentre Europe, with the number of deaths in Italy
outstripping those in mainland China, where the virus
originated.
    With over 242,000 infections and nearly 10,000 deaths, the
epidemic has stunned the world and drawn comparisons with
painful periods such as World War Two, the 2008 financial crisis
and the 1918 Spanish flu.  urn:newsml:reuters.com:*:nL4N2BC2U7
    The German military is making preparations to help tackle
the coronavirus crisis should other civil servants become
overwhelmed with the outbreak. The number of confirmed cases in
the country leapt by almost a third on Thursday to reach 11,000,
with 20 known deaths to date, according to the Robert Koch
Institute for Disease Control. urn:newsml:reuters.com:*:nL8N2BC5QD
    Germany wants to help large companies like Lufthansa with
temporary government participation if necessary, Finance
Minister Olaf Scholz told ZDF broadcaster late on Thursday,
adding that Germany could endure the coronavirus crisis for
"very long" time, thanks to its solid financial policy.  
   
    BAYER  BAYGn.DE  
    The company said on Thursday it had donated 3 million
tablets of the malaria drug Resochin to the U.S. government for
potential use to treat COVID-19.  urn:newsml:reuters.com:*:nL4N2BC4TG
             
    CONTINENTAL  CONG.DE 
    Annual report due
    
    DEUTSCHE BANK  DBKGn.DE 
    Annual report due
    
    SIEMENS  SIEGn.DE 
    Siemens managing board member Michael Sen will no longer
take charge of the new energy business which the German
engineering group wants to spin off later this year, it said on
Thursday, after he agreed to leave the company.   urn:newsml:reuters.com:*:nL8N2BC8TG  
    
    VOLKSWAGEN  VOWG_p.DE  
    The carmaker will suspend production at its plant in
Chattanooga, Tennessee.  urn:newsml:reuters.com:*:nL1N2BC1QF
    Bentley will stop car production at its British factory from
the end of Friday for four weeks over the coronavirus outbreak,
one of the final automakers in Britain to announce such plans.
 urn:newsml:reuters.com:*:nL8N2BC5PH
   
    DUERR  DUEG.DE 
    Annual report due
    The company will postpone its annual general meeting.
 urn:newsml:reuters.com:*:nFWN2BC1KI
    
    FIELMANN FIEG.DE  
    The company will temporarily close its stores in Germany and
Switzerland amid the virus outbreak.  urn:newsml:reuters.com:*:nFWN2BC1FK
    
    DRAEGERWERKE  DRWG.DE  
    Draeger said that ventilator production had doubled but that
it couldn't meet the current global demand.  urn:newsml:reuters.com:*:nL8N2BC818
    
    STROEER  SAXG.DE  
    Stroeer said it didn't currently expect coronavirus crisis
to have negative impact on medium-term business forecast from
2021  urn:newsml:reuters.com:*:nASN0004DR
    
    GRAMMER  MMG.DE 
    Has decided to halt production at its European locations
 urn:newsml:reuters.com:*:nFWN2BC1FO
    
    OSRAM  OSRn.DE 
    Austrian sensor specialist AMS  AMS.S   AMS.VI  said on
Thursday that its public offer for German lighting group Osram
was expected to close in the second quarter.  urn:newsml:reuters.com:*:nFWN2BC1I4
    
    DWS GROUP  DWSG.DE 
    Full year results due
   

    ANALYSTS' VIEWS 
    MORPHOSYS AG  MORG.DE : RBC cuts target price to 113 euros
from 130 euros
    AIRBUS GROUP  AIR.PA : Jefferies raises to buy from hold;
cuts target price to 80 euros from 120 euros
    
    HORNBACH  HBMG.DE 
    Hornbach Holding said adjusted EBIT was now expected to be
probably slightly higher than guidance range recently
communicated.  urn:newsml:reuters.com:*:nL8N2BD0SA
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +1.0%, S&P 500 .SPX  +0.5%, Nasdaq  .IXIC 
+2.3% at close.  .N 
    Japanese markets closed, Shanghai stocks  .SSEC  +0.4%.  .T 
 .SS 
    Time: 5:58 GMT

    
    GERMAN ECONOMIC DATA
    German February producer prices due at 0700 GMT. Seen -0.1%
m/m, +0.2% y/y. 
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
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