German stocks - Factors to watch on January 4

Grenke AG

04/01/2022 05:38

BERLIN/FRANKFURT, Jan 4 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
    
    CORONAVIRUS
    Germany reported 30,561 new infections and 356 more deaths.
    
    NORD STREAM 2
    The Nord Stream 2 pipeline, which is to transport Russian
gas to Germany, could get approved in the middle of the year,
the CEO of Uniper  UN01.DE , one of the project's financial
backers, told a newspaper.  urn:newsml:reuters.com:*:nL8N2TJ365
    
    BAYER  BAYGn.DE 
    Investors are demanding around 2.2 billion euros ($2.5
billion) from Bayer as part of a possible class action lawsuit
in Germany over the takeover of U.S. seed manufacturer Monsanto,
law firm Tilp said on Monday.  urn:newsml:reuters.com:*:nL1N2TJ19B
    
    GREEN TAXONOMY
    Germany wants to avoid an escalation in the dispute about a
European proposal to classify both nuclear energy and natural
gas as climate-friendly energy sources by abstaining in a vote
about the investment plan, government sources said on Monday.
 urn:newsml:reuters.com:*:nL8N2TJ3MR 
    
    VULCAN ENERGY RESOURCES  VUL.AX 
    Lithium developer Vulcan Energy Resources  VUL.AX , which
has supply deals with carmakers Volkswagen, Stellantis and
Renault, has received five new exploration licences for
geothermal energy and lithium in Germany.  urn:newsml:reuters.com:*:nL8N2TJ31P
    
    DAIMLER  DAIGn.DE 
    Daimler Chief Technology Officer Markus Schaefer said the
luxury carmaker expects chip supply to remain scarce throughout
2022, particularly in the first half of the year.  urn:newsml:reuters.com:*:nL8N2TJ2JD
    
    Mercedes-Benz also took the wraps off its battery-powered
VISION EQXX prototype which it says will have a range of more
than 1,000 kilometres (km) per charge.  urn:newsml:reuters.com:*:nL8N2T81NE
    
    HENSOLDT AG  HAGG.DE 
    Hensoldt announced Italy's Leonardo completed its share
acquisition and become an anchor shareholder. 
    
    GRENKE AG  GLJn.DE  
    Fourth quarter results due.
        
    ANALYSTS' VIEWS 
    MERCK KGAA  MRCG.DE : JP MORGAN RAISES TARGET PRICE TO EUR
270 FROM EUR 245
    SARTORIUS AG  SATG.DE : JP MORGAN RAISES TARGET PRICE TO EUR
685 FROM EUR 590
    MORPHOSYS AG  MORG.DE : JP MORGAN CUTS TARGET PRICE TO EUR
40 FROM EUR 54
        
    OVERSEAS STOCK MARKETS  
    !RIC {.DJI} is invalid S&P 500 .SPX  +0.6%, Nasdaq  .IXIC 
+1.2% at close.  .N 
    !RIC {.N225} is invalid, Shanghai stocks  .SSEC  -0.1%.  .T 
 .SS 
    Time: 5:38 GMT
    
    
    ECONOMY
    German November retail sales due at 0700 GMT. Seen -0.5%
m/m, -4.9% y/y.
    German December unemployment rate due at 0855 GMT. Change
seen at -15k, rate seen at 5.3%
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin, Frankfurt and Gdansk newsrooms)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))