German stocks - Factors to watch on June 14

Gerry Weber International AG

14/06/2018 06:05

BERLIN/FRANKFURT, June 14 (Reuters) - The following are some
of the factors that may move German stocks on Thursday:
        
    ECB 
    The European Central Bank will debate on Thursday whether to
end its huge asset purchases by year-end, in what would be its
biggest step towards dismantling crisis-era stimulus credited
with pulling the euro zone economy out of recession.
 urn:newsml:reuters.com:*:nL4N1TF4DZ
        
    U.S. FED
    The Federal Reserve raised interest rates on Wednesday, a
move that was widely expected but still marked a milestone in
the U.S. central bank's shift from policies used to battle the
2007-2009 financial crisis and recession.  urn:newsml:reuters.com:*:nTLADHEE2K
    
    VOLKSWAGEN  VOWG_p.DE  
    Volkswagen was fined 1 billion euros ($1.18 billion) over
diesel emissions cheating in what amounts to one of the highest
ever fines imposed by German authorities against a company,
public prosecutors said on Wednesday.  urn:newsml:reuters.com:*:nL8N1TF5GB
    Separately, Volkswagen is paying owners of polluting
diesel-powered vehicles up to $1,000 in additional payments to
settle state lawsuits in Vermont, the state's attorney general
said on Wednesday.  urn:newsml:reuters.com:*:nL1N1TF11L
    
    DAIMLER  DAIGn.DE 
    Ford  F.N  and Daimler are winding down a joint venture
formed to develop automotive fuel cell technology, Ford said on
Wednesday, as both companies plan to take their respective fuel
cell technology development in-house.  urn:newsml:reuters.com:*:nL1N1TF1T8
    
    STEEL  TKAG.DE   SZGG.DE 
    Thyssenkrupp is still sticking to its timetable for a joint
venture with Tata Steel, a spokesman said on Wednesday after a
supervisory board meeting.  urn:newsml:reuters.com:*:nL8N1TF4JX
    Separately, the head of Thyssenkrupp Steel Europe said on
Wednesday that more steel coming to Europe as a result of U.S.
steel tariffs would have a more serious impact than the tariffs
themselves.  urn:newsml:reuters.com:*:nFWN1TF0KU
    Also, German Economy Minister Peter Altmaier said that
Germany will press for quick action by a global steel forum to
reduce overcapacities in the world market, ahead of a June 20
meeting by the Global Forum on Excess Steel Capacity in Paris.
 urn:newsml:reuters.com:*:nL8N1TF6C8
    
    BERTRANDT  BDTG.DE  
    Bertrandt said it expected to continue growing during the
2017/2018 financial year as it reported H1 results.  urn:newsml:reuters.com:*:nL8N1TG0BY
    Also, Capital Markets Day due.
    
    GRENKE  GLJn.DE  
    The company has decided to do a cash capital increase of up
to 200 million euros, it said on Wednesday.  urn:newsml:reuters.com:*:nASM000KMS
    
    GERRY WEBER  GWIG.DE  
    The fashion retailer issued a profit warning and said it was
implementing a restructuring programme.  urn:newsml:reuters.com:*:nASM000KMV
    
    ANNUAL GENERAL MEETINGS
    CANCOM  COKG.DE  - 1.00 euros/shr dividend proposed        
    
    EX-DIVIDEND 
    KRONES  KRNG.DE  - 1.70 euros/shr dividend
    GRAMMER  GMMG.DE  - 1.25 euros/shr dividend
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.5 pct, S&P 500 .SPX  -0.4 pct, Nasdaq
 .IXIC  -0.1 pct at close.  .N 
    Nikkei  .N225  -0.5 pct, Shanghai stocks  .SSEC  -0.3 pct.
    Time: 4.59 GMT.  .T   .SS 
    
    GERMAN ECONOMIC DATA
    Final German inflation data for May due at 0600 GMT. CPI
seen +0.5 pct m/m, +2.2 pct y/y. HICP seen +0.6 pct m/m, +2.2
pct y/y.
        
    EUROPEAN FACTORS TO WATCH  WATCH/EU 
    DIARIES  DE/DIA   WEU/EQUITY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Victoria Bryan and Maria Sheahan)
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))