German stocks - Factors to watch on July 23

Heidelberger Druckmaschinen AG

23/07/2020 06:39

BERLIN/FRANKFURT, July 23 (Reuters) - The following are some
of the factors that may move German stocks on Thursday:
    
    CORONAVIRUS
    Germany's coronavirus infections rose by 569 to 203,368,
data from the Robert Koch Institute (RKI) for infectious
diseases showed on Thursday, with the tally of deaths up six to
stand at 9,101.  urn:newsml:reuters.com:*:nL5N2EU09I
    
    VOLKSWAGEN  VOWG_p.DE  
    Volkswagen's luxury car unit Audi  NSUG.DE  expects car
sales to reach pre-COVID-19 levels only by 2022 or 2023, Chief
Executive Markus Duesmann told Handelsblatt. urn:newsml:reuters.com:*:nL5N2ET5WF
    
    DEUTSCHE BANK  DBKGn.DE 
    Westpac Banking Corp  WBC.AX  on Thursday tapped Deutsche
Bank's chief of Australia and New Zealand as its institutional
business head, as the lender rebuilds its top management team
following a money-laundering scandal.  urn:newsml:reuters.com:*:nL3N2ET44E
    
    BAYER  BAYGn.DE 
    A U.S. appeals court on Wednesday ruled that Corteva Inc
 CTVA.N  can continue to sell an agricultural weed killer that
environmentalists said was threatening to plants and wildlife.
The decision to allow sales of Enlist Duo boosts Corteva's
advantage in the farm sector a month after the same court
blocked a rival herbicide sold by Bayer AG.  urn:newsml:reuters.com:*:nL2N2ET2G9
    
    DAIMLER  DAIGn.DE , BMW  BMWG.DE 
    U.S. electric bus manufacturer Proterra Inc, whose investors
include car makers Daimler AG and BMW AG, is considering going
public through a merger with a blank-check company, eschewing
the traditional initial public offering that it explored last
year, according to people familiar with the matter.  urn:newsml:reuters.com:*:nL5N2ES6OR
    
    SALZGITTER  SZGG.DE 
    The German steelmaker on Wednesday said that low capacity
utilization due to the COVID-19 pandemic led to a pre-tax loss
of 127.8 million euros ($147.9 million) in the first half,
exceeding worst investor expectations. urn:newsml:reuters.com:*:nASN0009NS
    
    JUNGHEINRICH  JUNG_p.DE  
    The forklift maker reported on Wednesday that first half
EBIT decreased to 95 million euros from 125 million in the
year-earlier period.  urn:newsml:reuters.com:*:nASN0009NH
    
    COVESTRO AG  1COV.DE 
    Covestro reported a net loss of 52 million euros in the
second quarter but confirmed its full-year guidance.
 urn:newsml:reuters.com:*:nFWN2ET17I
    
    DAIMLER AG  DAIGn.DE 
    Daimler reported a consensus beating second-quarter
operating loss of 1.68 billion euros ($1.91 billion) on Thursday
and said it expected earnings before interest and taxes in 2020
to be higher than last year.  urn:newsml:reuters.com:*:nS8N2DU02H
    The luxury carmaker could cut up to 30,000 jobs worldwide,
Manager Magazin reported on Wednesday, citing company sources. A
 spokesman for Daimler declined to comment on the report.

    ADVA OPTICAL NETWORKING SE  ADAG.DE 
    Adva Optical reported an 8.9% increase in second-quarter
revenue to 145 million euros.  urn:newsml:reuters.com:*:nASN0009O6
    
    AIXTRON SE  AIXGn.DE 
    The company said net result dropped to 2.5 million euros in
the first half of the year from 15.8 million euros euros in
2019.  urn:newsml:reuters.com:*:nASN0009OG
    
    AMADEUS FIRE AG  AMDG.DE 
    First-half results due.
    
    
    ANNUAL GENERAL MEETINGS
    LEONI  LEOGn.DE  - 0 eur/shr dividend proposed
        
    ANALYSTS' VIEWS 
    SCHAEFFLER AG  SHA_p.DE : CITIGROUP RAISES PRICE TARGET TO
EUR 6.7 FROM EUR 6.5
    DAIMLER AG  DAIGn.DE : CITIGROUP RAISES PRICE TARGET TO EUR
44 FROM EUR 25
    FIELMANN AG  FIEG.DE : BERENBERG RAISES TARGET PRICE TO EUR
53 FROM EUR 43
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.6%, S&P 500 .SPX  +0.6%, Nasdaq  .IXIC 
+0.2% at close.  .N 
    Japanese markets closed, Shanghai stocks  .SSEC  -0.9%.  .T 
 .SS 
    Time: 5:39 GMT
    
    GERMAN ECONOMIC DATA
    German August GfK consumer sentiment due at 0600 GMT. Seen
at -5.0.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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