German stocks - Factors to watch on July 14

Fielmann AG

14/07/2022 05:52

BERLIN/FRANKFURT, July 14 (Reuters) - The following are some
of the factors that may move German stocks on Thursday:
    
    UKRAINE CRISIS
    Ukraine, the United Nations and Turkey hail progress at
talks in Istanbul that aim to resume Black Sea grain exports
blocked by Russia and ease the risk of starvation faced by
millions, but an end to the war remains far off as heavy
shelling continued.
    
    RUSSIAN GAS
    Kremlin-controlled energy giant Gazprom  GAZP.MM  said on
Wednesday it could not guarantee the safe operation of a
critical part of the Nord Stream 1 gas pipeline because of doubt
over the return of a turbine from Canada.
    
    DEUTSCHE TELEKOM  DTEGn.DE 
    Deutsche Telekom will sell 51% of its tower business to a
consortium of Canada's Brookfield and private equity group
DigitalBridge after they placed a surprise bid, Handelsblatt
reported on Wednesday citing unnamed corporate
sources. urn:newsml:reuters.com:*:nL8N2YU4JQ
    
    FRESENIUS MEDICAL CARE  FMEG.DE 
    The United States has joined a whistleblower lawsuit
accusing a unit of Germany's Fresenius Medical Care of
defrauding Medicare and other healthcare programs by billing for
medically unnecessary procedures on dialysis patients.
 urn:newsml:reuters.com:*:nL1N2YU1LV
    
    MERCEDES-BENZ  MBGn.DE 
    German automaker Mercedes-Benz Group is set to start the
assembly of its first electric bus in Brazil between November
and December as demand grows in Latin America's largest economy,
an executive said on Wednesday.  urn:newsml:reuters.com:*:nL1N2YU1OA
    
    RWE  RWEG.DE  
    The company said that two projects, one involving hydrogen
and another an offshore wind farm, were selected for European
Union funding.  urn:newsml:reuters.com:*:nL8N2YU527
    
    HUGO BOSS  BOSSn.DE  
    The company said it was raising its outlook for the full
year after more than doubling second-quarter operating
profit. urn:newsml:reuters.com:*:nASM000J6R
    
    CANNABIS
    New Zealand's Cannasouth  CBD.NZ  announces three-year
supply deal with German pharma products wholesaler WEECO Pharma
GmbH to supply cannabis flower into Europe.
    
    PACIFICO RENEWABLES AG  PRYG.DE 
    Pacifico Renewables Yield AG and Clearvise announced a
memorandum Of understanding for Pacifico to acquire 21.9% stake
in Clearvise through a contribution in kind.
    
    ANNUAL GENERAL MEETINGS
    SUEDZUCKER AG  SZUG.DE  - 0.40 eur/shr dividend proposed
    FIELMANN AG  FIEG.DE  - 1.50 eur/shr dividend proposed

        
    ANALYSTS' VIEWS
    LANXESS AG  LXSG.DE  - CREDIT SUISSE CUTS TARGET PRICE TO
EUR 52 FROM EUR 58
    DELIVERY HERO  DHER.DE  - HSBC RAISES TARGET PRICE TO EUR 41
FROM EUR 35
    HUGO BOSS AG  BOSSn.DE  - JEFFERIES RAISES TARGET PRICE TO
EUR 64 FROM EUR 58
    GERRESHEIMER AG  GXIG.DE  - CREDIT SUISSE CUTS TARGET PRICE
TO EUR 88 FROM EUR 94; JP MORGAN CUTS TARGET PRICE TO EUR 65.50
FROM EUR 66.30
        
    OVERSEAS STOCK MARKETS  
    !RIC {.DJI} is invalid S&P 500 .SPX  -0.4%, Nasdaq  .IXIC 
-0.2% at close.  .N 
    !RIC {.N225} is invalid, Shanghai stocks  .SSEC  +0.3%.  .T 
 .SS 
    Time: 4:52 GMT
    
    ECONOMY

    German June wholesale price index, due at 0600 GMT.
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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