German stocks - Factors to watch on March 21
21/03/2022 06:20
BERLIN/FRANKFURT, March 21 (Reuters) - The following are
some of the factors that may move German stocks on Monday:
UKRAINE
Ukraine said there is no question of surrendering the city
of Mariupol after Russia called on Ukrainian forces on Sunday to
lay down arms in the besieged port city. urn:newsml:reuters.com:*:nL2N2VN0FJ
Germany and Qatar are negotiating a long-term energy
partnership, government officials from both sides said Sunday,
as Europe's biggest economy seeks to become less dependent on
Russian energy sources. urn:newsml:reuters.com:*:nL2N2VN06I
CORONAVIRUS
Germany reported 92,314 new infections and 13 more deaths.
BAYER BAYGn.DE
It is difficult to say what the impact of the Ukraine crisis
will be on Bayer, its chief executive told the Neue Zuericher
Zeitung, but the business has become less energy intensive over
the past decade.
DEUTSCHE BANK DBKGn.DE
Deutsche Bank's Chief Executive Christian Sewing urged
governments to hold off on further Russia sanctions for the time
being, according to an interview in a German newspaper published
on Saturday. urn:newsml:reuters.com:*:nL2N2VL1SU
TESLA TSLA.O
Tesla Chief Executive Officer TSLA.O Elon Musk appears to
be headed to Berlin from Austin, Texas, the Twitter user
@ElonJet, who tracks the movements of Musk's private jet, posted
on Monday.
SAP SAPG.DE
SAP finance chief Luka Mucic will leave at the end of March
2023, the software company said on Friday. urn:newsml:reuters.com:*:nASM00047W
VOLKSWAGEN VOWG_p.DE
German's powerful IG Metall union will continue to dominate
Volkswagen's works council, according to results of a vote on
Friday that strengthen the backing of the carmaker's labour
leader Daniela Cavallo. urn:newsml:reuters.com:*:nL5N2VL4BL
Volkswagen Group China said on Monday it intends to form
joint ventures with Huayou Cobalt 603799.SS and Tsingshan
Group to further strengthen its position in the battery supply
chain and its competitiveness in China's e-mobility industry.
urn:newsml:reuters.com:*:nL2N2VO07W
THYSSENKRUPP TKAG.DE
Thyssenkrupp said Chief Human Resources Officer Oliver
Burkhard will also take over as Chief Executive Officer at the
group's shipyard subsidiary Thyssenkrupp Marine Systems.
urn:newsml:reuters.com:*:nL5N2VL4LC
SALZGITTER AG SZGG.DE
Full-year results due.
INDEX CHANGES AS OF MARCH 21:
DAX .GDAXI
IN: DAIMLER TRUCK DTGGe.DE , HANNOVER RE HNRGn.DE
OUT: BEIERSDORF BEIG.DE , SIEMENS ENERGY ENR1n.DE
MDAX .MDAXI
IN: BEIERSDORF, SIEMENS ENERGY, RTL GROUP RRTL.DE , SIXT SE
SIXG.DE , SILTRONIC WAFGn.DE
OUT: DAIMLER TRUCK, HANNOVER RE, COMPUGROUP MEDICAL
COP1n.DE , HELLA HLE.DE , AUTO1 GROUP AG1G.DE
TECDAX .TECDAX
IN: VERBIO VBKG.DE
OUT: SMA SOLAR S92G.DE
SDAX .SDAXI
IN: COMPUGROUP MEDICAL, HELLA, AUTO1 GROUP, ADESSO SE
ADNGk.DE
OUT: RTL GROUP, SIXT SE, SILTRONIC, GLOBAL FASHION GROUP
GFG.DE
ANALYSTS' VIEWS
VOLKSWAGEN AG VOWG_p.DE : JEFFERIES CUTS TARGET PRICE TO
EUR 130 FROM EUR 170
CTS EVENTIM EVDG.DE : JEFFERIES RAISES TARGET PRICE TO EUR
75 FROM EUR 73
RWE AG RWEG.DE : RBC RAISES TARGET PRICE TO EUR 50 FROM EUR
46.5
HUGO BOSS AG BOSSn.DE : JEFFERIES CUTS TARGET PRICE TO EUR
55 FROM EUR 62
BMW BMWG.DE : CREDIT SUISSE CUTS TARGET PRICE TO EUR 112
FROM EUR 127
KNORR BREMSE AG KBX.DE : JP MORGAN RAISES TO OVERWEIGHT
FROM NEUTRAL; CUTS TARGET PRICE TO EUR 90 FROM EUR 92
COMPUGROUP MEDICAL SE & CO KGAA COP1n.DE : BERENBERG CUTS
TARGET PRICE TO EUR 75 FROM EUR 88
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.8%, S&P 500 .SPX +1.2%, Nasdaq .IXIC
+2.1% at close. .N
Japanese markets closed, Shanghai stocks .SSEC -0.1%. .T
.SS
Time: 6:19 GMT
ECONOMY
German February producer prices due at 0700 GMT. Seen +1.7%
m/m, +26.1% 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))