German stocks - Factors to watch on June 15

home24 SE

15/06/2018 06:14

BERLIN/FRANKFURT, June 15 (Reuters) - The following are some
of the factors that may move German stocks on Friday:
    
    AUTOS  BMWG.DE   DAIGn.DE   VOWG_p.DE 
    European monthly car registration data due from association
ACEA at 0600 GMT.
    Separately, Handelsblatt reported that Volkswagen's
supervisory board backed Audi  NSUG.DE  CEO Rupert Stadler at a
meeting on Wednesday, adding that the family led by Wolfgang
Porsche supported him.
    Also, White House officials will have a new round of
meetings with an automakers trade group and California's "clean
air" agency next week before unveiling a proposal to reverse
rules aimed at increasing fuel efficiency, participants said on
Thursday.  urn:newsml:reuters.com:*:nL1N1TG21G

    DEUTSCHE BANK  DBKGn.DE  
    Deutsche Bank has found a buyer for the bulk of its bad ship
loans as it seeks to draw a line under sour investments in the
sector and to start a fresh push in transport lending, people
close to the matter said.  urn:newsml:reuters.com:*:nFWN1TG0M5

    DEUTSCHE BOERSE  DB1Gn.DE 
    Deutsche Boerse sees itself ahead in jockeying for clearing
in euro denominated financial contracts, Chief Executive Theodor
Weimer said late on Thursday. "At the moment things are going a
little bit our way... But it is much too soon, we are not yet on
the final stretch," he said.
    
    E.ON  EONGn.DE , UNIPER  UN01.DE 
    The European Commission is expected to give unconditional
approval of Fortum's  FORTUM.HE  deal to buy a 46.65 percent
stake in Uniper from E.ON.
    
    VONOVIA  VNAn.DE  
    The group said late on Thursday that it had taken note of
Starwood Capital's statement that it now owned 32.1 percent of
voting rights in Victoria Park  VICPA.ST  and affirmed its
takeover offer for the Swedish company.  urn:newsml:reuters.com:*:nFWN1TG0OI
    
    CECONOMY  CECG.DE  
    German consumer electronics group Media-Saturn is in
advanced talks to sell its loss-making Russian business to
Safmar and take a 15 percent stake in Safmar's M.video
 MVID.MM , parent firm Ceconomy said on Thursday.  urn:newsml:reuters.com:*:nL8N1TG5WB
    
    HOCHTIEF  HOTG.DE  
    The group's Australian subsidiary CIMIC  CIM.AX  said CPB
contractors had won a $260 million contract at BHP's South Flank
project.  urn:newsml:reuters.com:*:nFWN1TG0SL
    
    STEINHOFF  SNHG.DE 
    Austrian property and retail investor Rene Benko has reached
a deal to buy Steinhoff's  SNHJ.J  Kika/Leiner furniture and
household goods retail unit, saving it from bankruptcy,
Kika/Leiner said on Thursday.  urn:newsml:reuters.com:*:nL8N1TG68G
    
    HOME24  H24.F   
    Frankfurt stock market debut due.
    
    ANNUAL GENERAL MEETINGS
    DEUTSCHE WOHNEN  DWNG.DE  - 0.80 eur/shr dividend proposed
            
    EX-DIVIDEND 
    CANCOM  COKG.DE  - 1.00 euros/shr dividend
    
    ANALYSTS' VIEWS
    DUERR  DUEG.DE  - HSBC raises to "buy" from "hold"
    FRAPORT  FRAG.DE  - HSBC raises to "hold" from "reduce"
    K+S  SDFGn.DE  - Deutsche Bank raises to "hold" from "sell",
raises price target to 25 euros from 18 euros
            
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.1 pct, S&P 500 .SPX  +0.2 pct, Nasdaq
 .IXIC  +0.9 pct at close.  .N 
    Nikkei  .N225  +0.4 pct, Shanghai stocks  .SSEC  -0.8 pct.
    Time: 5.14 GMT.  .T   .SS 
    
    GERMAN ECONOMIC DATA
    German May wholesale prices due at 0600 GMT.
        
    EUROPEAN FACTORS TO WATCH  WATCH/EU 
    DIARIES  DE/DIA   WEU/EQUITY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Emma Thomasson and Maria Sheahan)
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))