German stocks - Factors to watch on May 3

Fuchs Se

03/05/2022 05:46

BERLIN/FRANKFURT, May 3 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
    
    UKRAINE CRISIS
    The European Union was preparing sanctions on Russian oil
sales over its invasion of Ukraine after a major shift on Monday
by Germany, Russia's biggest energy customer, that could deprive
Moscow of a large revenue stream within days.  urn:newsml:reuters.com:*:nL2N2WU0NT
    
    COVESTRO AG  1COV.DE  
    German chemicals maker Covestro on Monday cut its 2022
outlook, citing the ongoing coronavirus-related lockdown in
Shanghai, higher energy and raw materials prices as well as
lower assumptions for global economic growth.  urn:newsml:reuters.com:*:nL2N2WU18W
    
    DEUTSCHE POST AG  DPWGn.DE  
    First-quarter results due.
    
    RWE  RWEG.DE , UNIPER  UN01.DE 
    Using Moscow's proposed scheme for foreign companies to pay
for gas by enabling Russia to convert their payments into
roubles would breach European Union sanctions, the bloc's energy
policy chief said on Monday.  urn:newsml:reuters.com:*:nA5N2VD02C
    Uniper final first-quarter results due.
    
    DUERR  DUEG.DE 
    The group cuts its profit outlook for 2022, now expecting
its EBIT margin before extraordinary effects of 5.0%-6.5%, down
from 6.5%-7.5% previously.  urn:newsml:reuters.com:*:nASM0009WA
    
    SCOUT24 SE  G24n.DE  
    First-quarter results due.
    
    PFEIFFER VCCUUM TECHNOLOGY AG  PV.DE  
    First-quarter results due.
    
    COMPANY STATEMENTS
    * Highlight Communications AG Reports FY21 Sales at 508.2
Mln CHF, Up 22.6%  urn:newsml:reuters.com:*:nASM0009WC
    * Cavotec Says Has Won Multi-Year Shore Power Order Worth
EUR 15.7 Mln  urn:newsml:reuters.com:*:nASM0009WE
    * Steico SE Qtrly Ebitda Totaled Eur 23.5 Million
 urn:newsml:reuters.com:*:nL5N2WU49M
    * Derichebourg Aeronautics Services Acquires Germany's
Ylipson  urn:newsml:reuters.com:*:nFWN2WU1S4
    * alstria office REIT Q1 Net Income Down At EUR 20.7 Mln
 urn:newsml:reuters.com:*:nASM0009W4
    
    ANNUAL GENERAL MEETINGS
    FUCHS PETROLUB SE  FPEn.DE   - 1.03 eur/shr dividend
proposed
    SYMRISE AG  SY1G.DE  - 1.02 eur/shr dividend proposed
    
    
    ANALYSTS' VIEWS
    NAGARRO SE  NA9n.DE : JEFFERIES RAISES TARGET PRICE TO EUR
182 FROM EUR 172
    LPKF LASER & ELECTRONICS  LPKG.DE : HSBC CUTS TARGET PRICE
TO EUR 18 FROM EUR 24
            
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.3%, S&P 500 .SPX  +0.6%, Nasdaq  .IXIC 
+1.6% at close.  .N 
    Japanese markets closed, Chinese markets closed.  .T   .SS 
    Time: 4:45 GMT
    
    ECONOMY
    German April unemployment due at 0755 GMT. Rate seen at
5.0%, change seen at -15k
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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