German stocks - Factors to watch on July 9
09/07/2020 05:50
BERLIN/FRANKFURT, July 9 (Reuters) - The following are some
of the factors that may move German stocks on Thursday:
CORONAVIRUS
The number of confirmed coronavirus cases in Germany rose
442 to 197,783, data from the Robert Koch Institute (RKI) for
infectious diseases showed on Thursday, with the reported death
toll up 12 at 9,048. urn:newsml:reuters.com:*:nL8N2EG09N
SAP SAPG.DE
SAP said late on Wednesday its business activity gradually
improved in the second quarter from the effects of a global
lockdown, with revenues and operating profit edging up, and the
German software maker confirmed its full-year
outlook. L8N2EF63R
COMMERZBANK CBKG.DE
Commerzbank's supervisory board formally accepted the
resignation of its chief executive at a meeting on Wednesday
amid a continuing leadership vacuum at the top of Germany's No.
2 bank. urn:newsml:reuters.com:*:nL8N2EF56S
SIEMENS SIEGn.DE
The industrial conglomerate is not planning to cut jobs in
Germany due to the COVID-19 pandemic, Chief Executive Joe Kaeser
told Sueddeutsche Zeitung.
Siemens and other global technology players such as
Bombardier and Hitachi Rail STS are in the race for a tender
floated by India's Railtel Enterprises to modernise the national
transporter's signalling system, Bushiness Standard reported.
urn:newsml:reuters.com:*:nL4N2EG0W4
AIRBUS AIR.PA AIRG.DE
Airbus deliveries rose 50% in June compared with May and
reached their highest level since the coronavirus crisis spread
to Europe in March, but the accelerating recovery failed to
prevent first-half deliveries from sliding to a 16-year low.
urn:newsml:reuters.com:*:nL8N2EF5VO
WIRECARD WDIG.DE
The U.S. Justice Department is examining whether the German
payment company played a critical role in an alleged $100
million bank-fraud conspiracy connected to an online marijuana
marketplace, the Wall Street Journal reported. urn:newsml:reuters.com:*:nL4N2EF3E9
BAYER BAYGn.DE
The FDA posted interim results for postmarket surveillance
study on Bayer's birth control device Essure. Early results show
Essure tends to have higher rates of chronic lower abdominal,
pelvic pain and abnormal uterine bleeding versus laparoscopic
tubal ligation. urn:newsml:reuters.com:*:nFWN2EF0TG
Australia's Competition & Consumer Commission gave the green
light to Elanco's acquisition of Bayer's animal health business.
urn:newsml:reuters.com:*:nFWN2EF139
Merck KGaA MRCG.DE
The European Commission has struck deals with drugmakers
Roche ROG.S and Merck KGaA to secure supplies of experimental
treatments for COVID-19, a Commission source told Reuters on
Wednesday.
The deals cover Roche's arthritis drug RoActemra and Merck's
multiple sclerosis drug Rebif - both seen as potential COVID-19
therapies - and will secure supplies for any of the 27 European
Union member states wanting to buy them, the source said.
urn:newsml:reuters.com:*:nL8N2EF2N8
SUEDZUCKER SZUG.DE
First quarter results due.
ANNUAL GENERAL MEETINGS
FIELMANN AG FIEG.DE - 0 eur/shr dividend proposed
EX-DIVIDEND
DAIMLER AG DAIGn.DE - 0.90 euros/shr dividend
DIC ASSET AG DICn.DE - 0.66 euros/shr dividend
ANALYSTS' VIEWS
INDUS HOLDING AG INHG.DE : HSBC RAISES TARGET PRICE TO EUR
43 FROM EUR 40
LANXESS AG LXSG.DE : JEFFERIES RAISES TARGET PRICE TO EUR
53 FROM EUR 48
SAP SE SAPG.DE : EVERCORE ISI RAISES TARGET PRICE TO EUR 146
FROM EUR 125
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.7%, S&P 500 .SPX +0.8%, Nasdaq .IXIC
+1.4% at close. .N
Nikkei .N225 +0.9%, Shanghai stocks .SSEC +1.0%. .T
.SS
Time: 4:50 GMT
GERMAN ECONOMIC DATA
German May trade data due at about 0600 GMT. Exports seen
+13.8% m/m, imports +12.0% m/m, trade balance at 5.2 bln euros.
DIARIES DE/DIARY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Berlin, Frankfurt and Gdansk newsrooms)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))