German stocks - Factors to watch on July 8

Fuchs Se

08/07/2019 06:43

BERLIN/FRANKFURT, July 8 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
    
    DEUTSCHE BANK  DBKGn.DE  
    Deutsche Bank is to axe vast swathes of its trading desks in
one of the biggest overhauls to an investment bank since the
aftermath of the financial crisis, in a restructuring that will
see 18,000 jobs go and cost 7.4 billion euros.  urn:newsml:reuters.com:*:nL8N2480KD
    Deutsche Bank will post a loss in 2019 due to restructuring
costs, its Chief Executive Officer Christian Sewing told
broadcaster Hessischer Rundfunk in an interview published on
Sunday.  urn:newsml:reuters.com:*:nF9N1L9020
    
    BMW  BMWG.DE  
    BMW wants to quickly appoint a successor for CEO Harald
Krueger, Handelsblatt reported on Monday, adding that a new boss
for the carmaker should be on stage at the industry fair IAA in
September. 
    
    COMMERZBANK  CBKG.DE  
    Commerzbank wants to present a new member for corporate
clients on Thursday, Handelsblatt reported on Monday, adding
that the supervisory board would address the succession of
Michael Reuther at an extraordinary meeting on that day.
    
    OSRAM  OSRn.DE 
    Private equity firms Bain and Carlyle  CG.O  which have made
a takeover bid for German lighting group Osram, are ready for
acquisitions if plans go well, Handelsblatt reported on Monday,
adding that there was already a list of potential acquisition
targets.
    
    FUCHS PETROLUB  FPEG_p.DE  
    The company warned on Friday that it wouldn't be able to
reach its full-year sales and profit forecasts.  urn:newsml:reuters.com:*:nFWN2450LR
    
    DEUTSCHE TELEKOM  DTEGn.DE 
    Plans for a joint venture between DT and regional utility
EWE to lay a high-speed fibre optic network in north-west
Germany have been delayed, the Frankfurter Allgemeine reported
on Saturday. The two companies have requested a month's
extension to Sept. 21 to satisfy competition authorities'
concerns about the project.
    
    FRAPORT  FRAG.DE 
    The airports operator expects the first dividends from its
Greek acquisitions in 2022, its division head for the country
told Welt am Sonntag newspaper. The company has run 14 regional
airports in Greece since 2017. Alexander Zinell, the division
head, said positive returns on the investment of around 1.6
billion euros would be "very realistic" between 2027 and 2033.

    LOEWE
    There are already 10 offers on the table for Loewe, the
insolvent consumer electronics maker's administrator told Welt
am Sonntag. Ruediger Weiss said he was optimistic that a buyer
would be found by October. 
   
    Ex-dividend
    Hornbach Holding  HBH.DE : 1.50 euros/shr dividend

    ANALYSTS' VIEWS 
    DEUTSCHE BANK  DBKGn.DE : Moody's affirms Deutsche Bank AG's
ratings, maintains negative outlook
    DEUTSCHE WOHNEN SE  DWNG.DE : Jefferies raises to "buy" from
"hold"
    ADO PROPERTIES SA  ADJ.DE : Jefferies raises to "buy" from
"hold"
    TRATON SE  8TRA.DE : Jefferies initiates with "hold"
     
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.2 pct, S&P 500 .SPX  -0.2 pct, Nasdaq
 .IXIC  -0.1 pct at close.  .N 
    Nikkei  .N225  -1.1 pct, Shanghai stocks  .SSEC  -2.5 pct.
 .T   .SS 
    Time: 5:43 GMT. 

    GERMAN ECONOMIC DATA
    May industrial output due at 0600 GMT. Seen +0.4% m/m.
    May trade data due at 0600 GMT. Exports seen at +0.5%m
imports +0.3%. Trade surplus seen at 17.0 billion euros.
    
    EUROPEAN FACTORS TO WATCH  WATCH/EU 
    DIARIES  DE/DIA   WEU/EQUITY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))