German stocks - Factors to watch on May 2

HAMBORNER REIT AG

02/05/2019 05:22

BERLIN/FRANKFURT, May 2 (Reuters) - The following are some
of the factors that may move German stocks on Thursday:
    
    DEUTSCHE BANK  DBKGn.DE  
    Deutsche Bank is in danger of failing U.S. stress tests, a
European bank supervisor told Reuters, adding to pressure on
Germany's biggest lender to make changes to its investment bank
after failed merger talks with Commerzbank.  urn:newsml:reuters.com:*:nL5N22C3QI
    
    BANKING
    ECB's interest rates are likely to stay low for a long time
and banks in the euro area should consolidate and step up
efforts to improve profitability, ECB Vice-President Luis de
Guindos said.  urn:newsml:reuters.com:*:nL5N22D1K7
    
    VOLKSWAGEN  VOWG_p.DE  
    Q1 results due. EBIT seen at 3.92 billion euros. Poll:
 urn:newsml:reuters.com:*:nL5N22B5F0
    Additionally, CEO Herbert Diess told Frankfurter Allgemeine
Zeitung that he rules out forced redundancies as a result of the
shift to electric vehicles, noting that many workers are anyway
reaching retirement age and new technologies should create new
jobs.
    
    BMW  BMWG.DE  DAIMLER  DAIGn.DE 
    The carmakers reported their April U.S. sales.  urn:newsml:reuters.com:*:nBw1446GNa
 urn:newsml:reuters.com:*:nBw5HxKGNa
    
    DEUTSCHE LUFTHANSA  LHAG.DE 
    The airline said the proportion of non-Germans among its
investors rose to 41.7 percent, putting aviation licences at
risk if the rate exceeds 50 percent. But the German carrier
stopped short of buying back shares as a countermeasure.
 urn:newsml:reuters.com:*:nFWN22C12T
    Separately, Thomas Cook  TCG.L  has set a deadline of May 7
for expressions of interest in its airline business, with Indigo
Partners and Lufthansa among the likely bidders, sources said.
 urn:newsml:reuters.com:*:nL5N22D3NS
    
    BASF  BASFn.DE  
    The chemicals company said it completed the merger of oil
and gas groups Wintershall and DEA and is aiming for a stock
market listing of the new company in the second half of 2020.
 urn:newsml:reuters.com:*:nL5N22D16E
    Wintershall DEA chief executive Mario Mehren told
Handelsblatt he does not expect an IPO in which the majority of
shares are offered, given the size of the planned listing. He
added that he sees annual investments of 1.5 billion to 2.5
billion euros.
    
    THYSSENKRUPP  TKAG.DE 
    European workers at India's Tata Steel  TISC.NS  no longer
believe that a joint venture with Thyssenkrupp is in the best
interests of the company, the European works council said in a
statement.  urn:newsml:reuters.com:*:nL5N22D27D
    
    DEUTSCHE TELEKOM  DTEGn.DE 
    U.S. Attorney General William Barr has recused himself from
the Justice Department's deliberations on whether to allow
Deutsche Telekom's T-Mobile US  TMUS.O  to proceed with its $26
billion acquisition of Sprint  S.N , according to a source
familiar with the decision.  urn:newsml:reuters.com:*:nL1N22C24M
    
    BAYER  BAYGn.DE  
    The supervisory board of Bayer is planning an extraordinary
meeting to discuss a crisis of confidence in its leadership
after an investor rebuke at the company's annual meeting, a
magazine reported.
    
    FRESENIUS  FREG.DE 
    Q1 results due
    
    FRESENIUS MEDICAL CARE  FMEG.DE 
    Q1 results due
    
    AXEL SPRINGER  SPRGn.DE  
    The media company said it would sell its majority stake in
European vacation rental group @Leisure to Indian hotel startup
OYO for 180 million euros.  urn:newsml:reuters.com:*:nL3N22D14F
    
    HUGO BOSS  BOSSn.DE 
    Q1 results due. Net profit seen at 44.8 million euros. Poll:
 urn:newsml:reuters.com:*:nL5N228376
    
    SIEMENS HEALTHINEERS  SHLG.DE 
    Fiscal Q2 results due. Net profit seen at 374 million euros.
Poll:  urn:newsml:reuters.com:*:nL5N22B5HP
    
    ZALANDO  ZALG.DE 
    Q1 results due. Adj EBIT seen at 6.6 million euros. Poll:
 urn:newsml:reuters.com:*:nL5N22858A
    
    HAMBORNER REIT  HABG.DE 
    Q1 results due
    
    
    ANNUAL GENERAL MEETINGS
    DIALOG SEMICONDUCTOR  DLGS.DE  
    
    
    EX-DIVIDEND 
    MUNICH RE  MUVGn.DE  - 9.25 eur/shr dividend
    INNOGY  IGY.DE  - 1.40 eur/shr dividend
    DEUTZ  DEZG.DE  - 0.15 eur/shr dividend
    JUNGHEINRICH  JUNG_p.DE  - 0.50 eur/shr dividend
        
    
    ANALYSTS' VIEWS 
    DEUTSCHE BANK  DBKGn.DE  - Morgan Stanley resumes coverage
with "underweight" rating
    COMMERZBANK  CBKG.DE  - Morgan Stanley resumes coverage with
"equal weight" rating
    COMMERZBANK - Jefferies starts with "hold" rating
    DELIVERY HERO  DHER.DE  - JP Morgan raises to "overweight"
from "neutral"
    
        
    OVERSEAS STOCK MARKETS
    * Dow Jones  .DJI  -0.6 pct, S&P 500  .SPX  -0.8 pct, Nasdaq
 .IXIC  -0.6 pct
    * Japan markets closed for Golden Week holidays
    * Mainland China's financial markets closed for Labour Day
holidays
    
    
    GERMAN ECONOMIC DATA
    March retail sales data due at 0600 GMT. Seen -0.4 pct m/m,
+2.9 pct y/y
    
    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))