German stocks - Factors to watch on July 24

home24 SE

24/07/2018 06:17

ZURICH/BERLIN, July 24 (Reuters) - The following are some of
the factors that may move German stocks on Tuesday:
        
    AUDI  NSUG.DE  AND BMW  BMWG.DE  
    Audi has hired BMW  BMWG.DE  purchasing director Markus
Duesmann to fill the post of its chief executive and wants him
to takeover as soon as possible, German daily Handelsblatt
reported on Tuesday citing sources close to the Volkswagen
 VOWG_p.DE  group.
    
    HOCHTIEF  HOTG.DE 
    Q2 results due.
    
    KLOECKNER & CO  KCOGn.DE 
    Full Q2 results due. The group said on July 9 its EBITDA
would likely come to about 82 million euros and raised its 2018
guidance thanks to higher U.S. metals prices.  urn:newsml:reuters.com:*:nL8N1U53I6
    
    SARTORIUS  SATG_p.DE 
    Sartorius raised its sales forecast for the full-year and
now expects revenues to grow by about 12-15 percent up from its
previous guidance of 9-12 percent.  urn:newsml:reuters.com:*:nFWN1UJ0WB
    
    ANALYSTS' VIEWS
    KION GROUP AG KGX.DE - BERENBERG CUTS PRICE TARGET TO 74
EUROS FROM 87 EUROS
    HOME24 SE  H24.DE  - BERENBERG STARTS WITH BUY, EUR 35
TARGET PRICE                  

        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.1 pct, S&P 500 .SPX  +0.2 pct, Nasdaq
 .IXIC  +0.3 pct at close.  .N 
    Nikkei  .N225  +0.5 pct, Shanghai stocks  .SSEC  +1.7 pct.
    Time: 5.16 GMT.  .T   .SS 
    
    
    GERMAN ECONOMIC DATA
    German July Markit flash PMI due at 0730 GMT. Manufacturing
PMI seen at 55.5 vs 55.9, Services PMI at 54.3 vs 54.5,
Composite at 54.7 vs 54.8.
        
    EUROPEAN FACTORS TO WATCH  WATCH/EU 
    DIARIES  DE/DIA   WEU/EQUITY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Caroline Copley)
 ((Caroline.Copley@thomsonreuters.com; +49 30 2888 5214; Reuters
Messaging: caroline.copley.thomsonreuters.com@reuters.net))