German stocks - Factors to watch on November 12
12/11/2020 06:30
BERLIN/FRANKFURT, Nov 12 (Reuters) - The following are some
of the factors that may move German stocks on Thursday:
CORONAVIRUS
The number of confirmed coronavirus cases in Germany
increased by 21,866 to 727,553, data from the Robert Koch
Institute (RKI) for infectious diseases showed on Thursday.
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LUFTHANSA LHAG.DE
German airline Lufthansa said on Wednesday it had reached a
new deal with trade union Verdi to cut 200 million euros ($235
million) in costs in return for making no compulsory
redundancies in 2021. urn:newsml:reuters.com:*:nL1N2HX1UF
TUI TUIGn.DE
The tour operator, is in a stand-off with Greek hoteliers
over a delay to its payment schedule that puts hundreds of
businesses at risk of closure, the Financial Times reported.
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MORPHOSYS MORG.DE
The company said its 2020 outlook, now expecting revenues in
range of 317 to 327 million euros. urn:newsml:reuters.com:*:nASN000IOO
Xencor, Morphosys and Incyte entered into a global
development collaboration for tafasitamab in combination with
Plamotamab. urn:newsml:reuters.com:*:nASN000IOM
DAIMLER DAIGn.DE
The head of the Berlin engine plant run by Mercedes-Benz has
defected to rival Tesla TSLA.O, German union IG Metall said on
Wednesday, calling on employees to protest over his departure.
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Global Fashion Group GFG.DE
The company said full-year adjusted EBITDA is expected to be
at least 10 million euros. urn:newsml:reuters.com:*:nASN000IOH
QIAGEN QIA.DE
The company said it launched a portable digital Sars-Cov-2
antigen test. urn:newsml:reuters.com:*:nFWN2HX1MJ
MERCK MRCG.DE
Healthcare and chemicals group Merck KGaA lifted its
guidance range for full year earnings, citing strong sales of
new drugs, biotech supplies and equipment as well as
semiconductor materials during the third quarter. urn:newsml:reuters.com:*:nFWN2HX1L9
RWE RWEG.DE
RWE, Europe's third-largest renewables group, on Thursday
posted a 13% increase in nine-month core profit, driven by both
its wind and solar farms as well as higher margins for its coal
and nuclear plants. L8N2HY0XY
SIEMENS AG SIEGn.DE
German engineering group Siemens on Thursday reported
better-than-expected profit at its industrial business in the
final set of results overseen by long-standing Chief Executive
Joe Kaeser. L8N2HY134
DEUTSCHE TELEKOM DTEGn.DE
Deutsche Telekom raised its earnings guidance on Thursday as
its reported forecast-beating third-quarter results, lifted by
outperformance at its recently-merged U.S. unit T-Mobile
TMUS.O . urn:newsml:reuters.com:*:nL8N2HY0JL
CANCOM COKG.DE
Third quarter results due.
K+S SDFGn.DE
German minerals miner K+S SDFGn.DE on Thursday reported
higher than expected third-quarter core profit, as strong
results in the Americas segment and strict cost discipline
offset the effects of lower early de-icing salt fills.
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VARTA VAR1.DE
Varta raised its revenue and adjusted EBITDA guidance for
2020. urn:newsml:reuters.com:*:nASN000IPX
LEG IMMOBILIEN LEGn.DE
LEG Immobilien said FFO1 increased 14.5% to around 297
million euros. urn:newsml:reuters.com:*:nFWN2HX1LA
FRAPORT FRAG.DE
Fraport said Frankfurt airport passengers were down 83.4%
y/y in October, but said it reported “very positive” cargo
performance. urn:newsml:reuters.com:*:nFWN2HX1O5
TAG IMMOBILIEN TEGG.DE
TAG Immobilien raised its 2020 guidance. urn:newsml:reuters.com:*:nASN000IPS
AAREAL BANK ARLG.DE
Aareal Bank reports third-quarter profit before taxes of 11
million euros. urn:newsml:reuters.com:*:nASN000IQ5
EVOTEC EVTG.DE
Evotec confirmed its full-year guidance as it reported a 12%
increase in third-quarter sales to 360.4 million euros.
urn:newsml:reuters.com:*:nASN000IQ7
RTL RRTL.DE
Third quarter results due.
STROEER MEDIA SAXG.DE
Stroer said it exceeded its own expectations in the third
quarter. urn:newsml:reuters.com:*:nFWN2HY0DZ
TALANX TLXGn.DE
Third quarter results due.
DEUTSCHE EUROSHOP DEQGn.DE
Third quarter results due.
FIELMANN FIEG.DE
Third quarter results due.
BILFINGER SE GBFG.DE
Bilfinger reports third-quarter loss of 19 million euros.
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HAMBURGER HAFEN HHFGn.DE
Nine months results due.
KRONES KRNG.DE
Third quarter results due.
SMA SOLAR S92G.DE
SMA Solar confirmed its guidance for 2020. urn:newsml:reuters.com:*:nASN000IQ0
PATRIZIA PATGn.DE
Patrizia on Wednesday narrowed its full-year operating
income guidance range to 110-130 million euros from 100-140
million previously, as it reported an operating income of 100.2
million euros in the first nine months of 2020. urn:newsml:reuters.com:*:nL8N2HX6LL
BAYWA BYWGnx.DE
Third quarter results due.
JOST JSTG.DE
Nine months results due.
SIXT SIXG.DE
Third quarter results due.
ZEAL NETWORK TIMAn.DE
Third quarter results due.
CEWE STIFTUNG CWCG.DE
Cewe Stiftung reported nine-month loss of 1.6 million euros.
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TLG IMMOBILIEN TLGG.DE
Third quarter results due.
SGL CARBON SGCG.DE
Third quarter results due.
CONTINENTAL AG CONG.DE : RBC RAISES TARGET PRICE TO EUR 100
FROM EUR 92, JP MORGAN RAISES TARGET PRICE TO EUR 90 FROM EUR 80
BMW BMWG.DE : JEFFERIES RAISES TARGET PRICE TO EUR 65 FROM
EUR 61
BRENNTAG AG BNRGn.DE : CITIGROUP RAISES PRICE TARGET TO EUR
65 FROM EUR 62
DELIVERY HERO SE DHER.DE : JEFFERIES RAISES TARGET PRICE TO
EUR 130 FROM EUR 113
DEUTSCHE POST AG DPWGn.DE : JP MORGAN CUTS TARGET PRICE TO
EUR 47.48 FROM EUR 49.52
OVERSEAS STOCK MARKETS
Dow Jones .DJI -0.1%, S&P 500 .SPX +0.8%, Nasdaq .IXIC
+2.0% at close. .N
Nikkei .N225 +0.7%, Shanghai stocks .SSEC -0.2%. .T
.SS
Time: 6:30 GMT
GERMAN ECONOMIC DATA
German October CPI Final due at 0700 GMT. Seen 0.1% m/m,
-0.2% y/y, harmonized seen % 0.0/m, -0.5% y/y.
DIARIES DE/DIARY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Berlin, Frankfurt and Gdansk newsrooms)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))