German stocks - Factors to watch on May 8

Fuchs Se

08/05/2019 06:46

BERLIN/FRANKFURT, May 8 (Reuters) - The following are some
of the factors that may move German stocks on Wednesday:

    SIEMENS  SIEGn.DE 
    Siemens posted better-than-expected adjusted operating
profit from its industrial business during its second quarter as
the German industrial giant began separating and spinning off
its struggling power and gas business.  urn:newsml:reuters.com:*:nL5N22K0SU
    
    DEUTSCHE BANK  DBKGn.DE 
    Deutsche Bank  DBKGn.DE  said negative recommendations made
by U.S. proxy advisor Institutional Shareholder Services (ISS)
did not reflect the current situation of the bank and its
control environment.  S8N22601K 
    
    SAP  SAPG.DE  
    CEO Bill McDermott welcomed a $1.3 billion investment by
activist investor Elliott, saying the U.S. hedge fund group was
aligned with his goal of expanding margins by driving top-line
growth. urn:newsml:reuters.com:*:nL5N22J7IC
    
    MUNICH RE  MUVGn.DE 
    The reinsurer upheld its guidance as profit in the first
quarter came in at 633 million euros.  urn:newsml:reuters.com:*:nL5N22K146 
    
    WIRECARD  WDIG.DE  
    The company said it lifted its guidances after a strong
first quarter.  urn:newsml:reuters.com:*:nFWN22J19Z
    
    COMMERZBANK  CBKG.DE 
    Germany's Commerzbank CBKG.DE on Wednesday posted a 54
percent drop in net profit in the first quarter, just weeks
after merger talks with rival Deutsche Bank DBKGn.DE fell apart.
It attributed the decline to a higher tax burden.  urn:newsml:reuters.com:*:nASP00117I
    
    DELIVERY HERO  DHER.DE 
    Q1 results due.
    
    FRAPORT  FRAG.DE 
    Fraport AG said earnings before interest, taxes,
depreciation, and amortization (EBITDA) increases by 14.8
precent to 200.6 million euros ($224.73 million) in the first
quarter.  urn:newsml:reuters.com:*:nFWN22J1EE
    
    METRO AG  B4B.DE 
    Supervisory board meeting will meet on Wednesday, German
daily Handelsblatt reported. 
    
    NORMA GROUP  NOEJ.DE 
    Norma Group said adjusted earnings before interest, taxes
and amortization of intangible assets (EBITA) fell by 13.3
percent year-on-year in the first quarter of 2019. urn:newsml:reuters.com:*:nS8N22B006
    
    OSRAM LICHT  OSRn.DE 
    German lighting company Osram OSRn.DE on Wednesday posted a
56 percent drop in adjusted earnings before interest, tax,
depreciation and amortization (EBITDA) in the second quarter,
saying that the market environment remained challenging.
 urn:newsml:reuters.com:*:nL5N22J6IM
    
    STEINHOFF  SNHG.DE ,  SNHJ.J 
    South African retailer Steinhoff, which is also listed in
Frankfurt, on Tuesday reported a $4 billion operating loss in
the 2017 fiscal year, in a much-delayed earnings report
revealing the impact of a $7.4 billion accounting fraud.
 urn:newsml:reuters.com:*:nL5N22J7FE

    SCHAEFFLER  SHA_p.DE 
    The bearings maker has sold its Barden factory in Plymouth,
south-west England to a division of HQW Precision, securing
nearly 400 jobs. urn:newsml:reuters.com:*:nL5N22J7VC
    
    BILFINGER  GBFG.DE 
    Bilfinger said it confirmed its outlook for 2019 after
posting net profiut of 9 million euros for the first quarter.
 urn:newsml:reuters.com:*:nFWN22J19J
    
    CTS EVENTIM  EVDG.DE 
    Q1 results and annual general meeting due.
    
    TLG IMMOBILIEN  TLGG.DE 
    The company said rental income was up by 3.7 percent to 
57.0 million euros in the first quarter.  urn:newsml:reuters.com:*:nFWN22J19M
    
    MORPHOSYS  MORG.DE  
    Morphosys first-quarter net loss widenend to 22.7 mln euros
from 19.5 mln in the year-earlier period. urn:newsml:reuters.com:*:nFWN22J12C
  
    
    ANNUAL GENERAL MEETINGS
    Allianz SE  ALVG.DE  - 9.00 eur/shr dividend proposed
    Deutsche Boerse  DB1Gn.DE  - 2.70 eur/shr dividend proposed
    Hannover Re  HNRGn.DE  - 5.25 eur/shr dividend proposed
    Bilfinger SE  GBFG.DE  - 1.00 eur/shr dividend proposed
    CTS Eventim  EVDG.DE  - 0.62 eur/shr dividend proposed

    EX-DIVIDEND 
    DEUTSCHE LUFTHANSA  LHAG.DE  - 0.80 eur/shr dividend 
    FUCHS PETROLUB  FPEG_p.DE  - 0.95 eur/shr dividend 
    SILTRONIC  WAFGn.DE  - 5.00 eur/shr dividend 
    HOCHTIEF  HOTG.DE  - 4.98 eur/shr dividend 
    TAG IMMOBILIEN  TEGG.DE  - 0.75 eur/shr dividend 
    HAMBORNER REIT  HABG.DE  - 0.46 eur/shr dividend 
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -1.8 pct, S&P 500 .SPX  -1.7 pct, Nasdaq
 .IXIC  -2 pct at close.  .N 
    Nikkei  .N225  -1.8 pct, Shanghai stocks  .SSEC  -0.4 pct.
 .T   .SS 
    Time: 5:46 GMT. 

    
    GERMAN ECONOMIC DATA
    German March industrial output due at 0600 GMT. Seen -0.5
m/m.
    
    EUROPEAN FACTORS TO WATCH  WATCH/EU 
    DIARIES  DE/DIA   WEU/EQUITY 
    REUTERS TOP NEWS  TOP/NEWS 





 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
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