German stocks - Factors to watch on March 1
01/03/2021 05:51
BERLIN/FRANKFURT, March 1 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
CORONAVIRUS
The number of confirmed coronavirus cases in Germany
increased by 4,732 to 2,447,068, data from the Robert Koch
Institute (RKI) for infectious diseases showed on Monday. The
reported death toll rose by 60 to 70,105, the tally showed.
France and Germany have agreed that people crossing the
border between the French region of Moselle and Germany will
have to have proof of a negative COVID-19 antigen test in the
previous 48 hours, French Europe Minister Clement Beaune said on
Sunday. urn:newsml:reuters.com:*:nL2N2KY0HU
Several German states called on Sunday for unused
AstraZeneca AZN.L coronavirus vaccines to be given to younger
people, as worries about side effects and efficacy, as well as a
recommendation it be used only for under 65s, have meant low
take-up of available doses. urn:newsml:reuters.com:*:nL5N2KY07Q
DEUTSCHE BANK DBKGn.DE
S&P said on Friday that it had raised the credit-rating
outlook of German lender Deutsche Bank to positive from
negative, a vote of confidence as the bank undergoes a major
overhaul. urn:newsml:reuters.com:*:nL1N2KW2HP
The lender is under pressure over derivatives sales in
Spain, the Financial Times reported. urn:newsml:reuters.com:*:nL3N2KZ158
COMMERZBANK CBKG.DE
Commerzbank will pull back from Luxembourg, Hungary and
Hongkong and 12 other sites, divisional board members Roland
Boehm and Nikolaus Giesbert said in a post on the bank's
intranet, Handelsblatt reported.
VONOVIA VNAn.DE
Despite the COVID-19 pandemic, 2020 was a good year for the
property group, CEO Rolf Buch told Frankfurter Allgemeine
Sonntagszeitung. "There will be no nasty surprises", he said.
VOLKSWAGEN
Volkswagen unit Porsche is participating in a financing
round of Rimac Automobili that will see the electric supercar
maker raise 130 million-150 million euros ($157 million-$181
million), its owner Mate Rimac told weekly Automobilwoche.
urn:newsml:reuters.com:*:nL2N2KY06J
BERTELSMANN / PROSIEBEN PSMGn.DE
Bertelsmann, which owns broadcaster RTL RRTL.DE , currently
has no plans to buy peer ProSieben PSMGn.DE due to
regulators's narrow focus on national advertisment markets, CEO
Thomas Rabe told weekly Der Spiegel. He added that a combination
of the two networks would offer a lot of opportunities.
GLOBAL FASHION GROUP GFG.DE
Q4 results due.
OVERSEAS STOCK MARKETS
Dow Jones .DJI -1.5%, S&P 500 .SPX -0.5%, Nasdaq .IXIC
+0.6% at close. .N
Nikkei .N225 +2.1%, Shanghai stocks .SSEC +0.6%. .T
.SS
Time: 5:50 GMT
ECONOMY
German February Markit/BME manufacturing PMI due at 0855
GMT.
German February prelim CPI due at 1300 GMT. Seen +0.5% m/m,
+1.2% y/y, harmonized +0.5% m/m, +1.6% y/y.
DIARIES DE/DIARY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Berlin, Frankfurt and Gdansk newsrooms)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))