German stocks - Factors to watch on September 21

Gerry Weber International AG

21/09/2015 06:05

FRANKFURT, Sept 21 (Reuters) - The following are some of the 
factors that may move German stocks on Monday: 
     
    BAYER  BAYGn.DE  
    Bayer's plastics division Covestro aims to raise about 2.5 
billion euros in an initial public offering (IPO), it said on 
Friday, announcing what could become the largest stock market 
debut in Germany in almost 15 years.  ID:nL5N11O37T  
     
    LUFTHANSA  LHAG.DE  
    Lufthansa's Eurowings budget brand could cooperate with 
rivals such as easyJet  EZJ.L  to gain critical mass quickly, 
according to a magazine interview with the German carrier's 
chief executive.  ID:nL5N11O1Z9  
     
    VOLKSWAGEN  VOWG_p.DE  
    Volkswagen has ordered an external investigation after U.S. 
regulators found software the carmaker designed for diesel cars 
gave false emissions data, its CEO said on Sunday, adding he was 
"deeply sorry" for the violation of U.S. rules.  ID:nL5N11Q0DO  
    The comments came after U.S. and California environmental 
regulators on Friday accused Volkswagen of deliberately 
circumventing clean air rules on nearly 500,000 diesel cars and 
the company could face penalties of up to $18 billion. 
 ID:nL1N11O17F  
    Separately, the decline in Volkswagen's group vehicle sales 
accelerated to 5.4 percent in August, from 3.7 percent in July, 
with the German carmaker citing tough markets in Latin America, 
Russia and China.  ID:nL5N11O347  
     
    VONOVIA  VNAn.DE  
    The German real estate company is not convinced that a 
tie-up with smaller rival Deutsche Wohnen  DWNG.DE  would be in 
the best interest of its shareholders, its chief financial 
officer told a German newspaper.  ID:nL5N11P08I  
     
    DEUTSCHE WOHNEN  DWNG.DE , LEG IMMOBILIEN  LEGn.DE  
    Deutsche Wohnen has made an all-share offer for peer LEG 
Immobilien that puts LEG's equity value at 4.6 billion euros, as 
consolidation in the German real estate market intensifies. 
 ID:nL5N11Q0LD  
     
    ELRINGKLINGER  ZILGn.DE  
    The company late Friday said it no longer expects to achieve 
the guidance previously targeted for the current fiscal year. 
 ID:nWNAB08D8W  
     
    LEONI  LEOGn.DE  
    The company said it was forming a wiring systems joint 
venture with a unit of China's BAIC  1958.HK , adding the move 
meant it now expected to post 2016 sales of 4.8 billion euros 
rather than 5 billion as previously forecast.  ID:nASN000A99  
     
    DIALOG SEMICONDUCTOR  DLGS.DE  
    Chipmaker Dialog Semiconductor said it had agreed on Sunday 
to buy U.S. peer Atmel  ATML.O  for about $4.6 billion, as the 
Anglo-German company seeks to expand its industrial product 
portfolio.  ID:nL5N11Q0FP  
     
    INDEX CHANGES AS OF SEPT. 21 
     
    DAX  0#.GDAXI  
    IN:   VONOVIA 
    OUT:  LANXESS  LXSG.DE  
     
    MDAX  0#.MDAXI  
    IN:   LANXESS  LXSG.DE  
          DEUTSCHE PFANDBRIEFBANK  PBBG.DE  
          HELLA  HLE.DE  
    OUT:  GERRY WEBER  GWIG.DE  
          CELESIO  CLSGn.DE  
          VONOVIA  VNAn.DE  
     
    SDAX  0#.SDAXI  
    IN:   GERRY WEBER  GWIG.DE  
          SIXT LEASING  LNSX.DE  
    OUT:  VILLEROY & BOCH  VIBG_p.DE   
          HELLA  HLE.DE  
     
    ANALYSTS' VIEWS  
    MUNICH RE  MUVGn.DE  - Jefferies raises to "hold", raises 
target price to 156 euros 
             
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  -1.7 pct, S&P 500 .SPX  -1.6 pct, Nasdaq 
 .IXIC  -1.4 pct at Friday's close.  ID:nL1N11O2JU  
    Japanese markets closed, Shanghai stocks  .SSEC  +0.7 pct. 
    Time: 5.04 GMT.  ID:nL4N11O2E8  
         
    IPO 
    Germany's biggest digital classifieds group Scout24, which 
is owned by private equity firms Hellman & Friedman and 
Blackstone  BX.N  as well as Deutsche Telekom, said its IPO 
would be worth up to 1.06 billion euros.  ID:nL5N11O3MH  
    Separately, Mister Spex, Germany's biggest online eye wear 
retailer, may either list on the stock exchange or sell a 
majority stake to an investor over the next three years, its 
chief executive told a German weekly.  ID:nL5N11P0AZ  
     
    GERMAN ECONOMIC DATA 
    German August producer prices due at 0600 GMT. Seen -0.3 pct 
m/m, -1.5 pct y/y. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Maria Sheahan and Christoph Steitz) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS/