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GFG - Global Fashion SA News Story

€6.25 0.4  7.4%

Last Trade - 4:35pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £930.5m
Enterprise Value £773.1m
Revenue £1.22bn
Position in Universe 366th / 1039

German stocks - Factors to watch on July 1

Mon 1st July, 2019 5:56am
BERLIN/FRANKFURT, July 1 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
    
      
    DEUTSCHE BANK  DBKGn.DE 
    Deutsche Bank's supervisory board will meet on July 7 to
discuss a major restructuring that may result in as many as
20,000 job cuts, three people with knowledge of the matter said.
 urn:newsml:reuters.com:*:nL8N2400GN
    Separately,  the bank plans to hire 300 more relationship
and investment mangers for its wealth management business by
2021.  urn:newsml:reuters.com:*:nL4N23Z3GO
    
    Fresenius Kabi USA  FREG.DE 
    Fresenius's U.S. unit Fresenius Kabi USA on Friday said it
recalled an infusion system due to software anomalies, adding
that it had not received any reports of adverse events related
to the issue so far.  urn:newsml:reuters.com:*:nFWN23Z11T
    
    BASF  BASFn.DE  
    Swiss-based cement giant LafargeHolcim  LHN.S  is looking
into acquiring BASF's construction chemicals division, according
to a Bloomberg report.  urn:newsml:reuters.com:*:nL4N2410EN
    
    GLOBAL FASHION GROUP  GFG.DE 
    Global Fashion Group raised less than half the sum it had
originally targeted in an initial public offering of new shares
that drew weak investor demand and ended up being mostly backed
by its existing shareholders.  urn:newsml:reuters.com:*:nL8N23Z5AJ
           
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.3 pct, S&P 500 .SPX  +0.6 pct, Nasdaq
 .IXIC  +0.5 pct at close.  .N 
    Nikkei  .N225  +2.0 pct, Shanghai stocks  .SSEC  +1.9 pct.
 .T   .SS 
    Time: 4:56 GMT. 
    
    
    GERMAN ECONOMIC DATA
    June jobless data due at 0755 GMT. Seasonally-adjusted
umeployment rate seen flat at 5%. 
    
    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))
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