German stocks - Factors to watch on December 9

home24 SE

09/12/2020 05:56

BERLIN/FRANKFURT, Dec 9 (Reuters) - The following are some
of the factors that may move German stocks on Wednesday:
    
    CORONAVIRUS
    The number of confirmed coronavirus cases in Germany
increased by 20,815 to 1,218,524, data from the Robert Koch
Institute (RKI) for infectious diseases showed on Wednesday. The
reported death toll rose by 590 to 19,932, the tally showed.
 urn:newsml:reuters.com:*:nL8N2IP0FU
    
    VOLKSWAGEN  VOWG_p.DE 
    Volkswagen AG is launching another sales model in China that
will see the automaker open showrooms in city centres for
electric vehicles (EV) and offer fixed prices, departing from
the conventional sales system used by the wider industry.
 urn:newsml:reuters.com:*:nL8N2IN0D3
     Volkswagen's supervisory board is due to discuss a
reshuffle of the company's management board on Thursday, two
people familiar with the matter said on Tuesday, as the world's
largest carmaker seeks to defuse a leadership crisis.
 urn:newsml:reuters.com:*:nL8N2IO4SM
    
    DEUTSCHE BANK  DBKGn.DE 
    Citigroup Inc  C.N , Deutsche Bank AG, Australia and New
Zealand Banking Group Ltd  ANZ.AX  and six current and former
staff were committed on Tuesday to stand trial in Australia
after pleading not guilty to colluding during a share issue.
 urn:newsml:reuters.com:*:nL1N2IO061
    Deutsche Bank's head of accounting is temporarily stepping
aside after Munich prosecutors last week launched a criminal
investigation into potential violations of professional duties
during Wirecard audits, the Financial Times reported.
 urn:newsml:reuters.com:*:nL4N2IO4B6
    
    COVESTRO  1COV.DE 
    The German chemicals maker raised its forecast for 2020
profit and cash flow, citing better-than-expected business
during the fourth quarter.  urn:newsml:reuters.com:*:nL1N2IO226
    
    HOME24  H24.DE 
    Home24 said it had successfully placed new shares from a
cash capital increase with gross proceeds of about 46.4 million
euros.  urn:newsml:reuters.com:*:nASN000M22
    
    AURUBIS  NAFG.DE  
    Full-year results due.
    
    BAYWA  BYWGnx.DE 
    The German agriculture group said it has agreed to sell 49%
of its renewable division to Energy Infrastructure Partners AG
for 530 million euros.  urn:newsml:reuters.com:*:nASN000M20
    
    KLOECKNER & CO  KCOGn.DE 
    The German metals trader said it received an expression of
interest from private equity firm Apollo Global Management Inc
 APO.N  and Swoctem, a vehicle of Kloeckner's top shareholder,
adding it was withdrawn on Tuesday.  urn:newsml:reuters.com:*:nL8N2IO5SL
    
    SALZGITTER  SZGG.DE 
    The group said it would have to repay about 100 million
euros in capital gains taxes, adding this would not affect its
2020 pretax profit guidance due to a good business performance
during the fourth quarter.  urn:newsml:reuters.com:*:nFWN2IO0OM
    
    CAPITAL MARKETS DAY 
    S&T  SANT1.VI  no dividend proposed
        
    ANALYSTS' VIEWS 
    * E.ON SE  EONGn.DE : GOLDMAN SACHS RAISES TO "NEUTRAL" FROM
"SELL"; RAISES TARGET PRICE TO EUR 10.2 FROM EUR 10
    * MUNICH RE  MUVGn.DE : CITIGROUP RAISES PRICE TARGET TO EUR
283.9 FROM EUR 263 
    * INFINEON TECHNOLOGIES AG  IFXGn.DE : JP MORGAN RAISES
TARGET PRICE TO EUR 34.50 FROM EUR 28  
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.4%, S&P 500 .SPX  +0.3%, Nasdaq  .IXIC 
+0.5% at close.  .N 
    Nikkei  .N225  +1.2%, Shanghai stocks  .SSEC  -0.4%.  .T 
 .SS 
    Time: 5:56 GMT
    
    GERMAN ECONOMIC DATA
    German October trade data due at 0700 GMT. Exports seen
+1.2% m/m, imports +1.0% m/m, trade balance at 18.0 bln euros.
    German October current account data due at 0700 GMT. 
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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