German stocks - Factors to watch on July 8

Hornbach Holding AG & Co KGaA

08/07/2022 05:53

BERLIN/FRANKFURT, July 8 (Reuters) - The following are some
of the factors that may move German stocks on Friday:
    
    UKRAINE
    President Volodymyr Zelenskiy said the raising of the
Ukrainian flag on Snake Island in the Black Sea was a sign his
country would not be broken, as President Vladimir Putin warned
the West that its efforts to defeat him would bring tragedy to
Ukraine.  urn:newsml:reuters.com:*:nL4N2YP03S
    
    BASF  BASFn.DE 
    BAYER  BAYGn.DE 
    Bayer and BASF have won a new trial on $60 million in
punitive damages they were ordered to pay a Missouri peach
farmer who said dicamba, a herbicide they produced, drifted onto
his orchard and harmed his crops.  urn:newsml:reuters.com:*:nL1N2YO1WB
    
    UNIPER  UN01.DE  
    Germany could take a stake of more than 30% in Uniper over
concerns about its credit rating, business daily Handelsblatt
reported on Thursday, citing several people familiar with the
matter.  urn:newsml:reuters.com:*:nL8N2YO51U
    
    VOLKSWAGEN  VOWG_p.DE 
    Volkswagen and its partners will invest over 20 billion
euros ($20.38 billion) in a battery cell business, creating
20,000 jobs and targetting annual sales above 20 billion euros
by 2030 as it seeks to beat U.S. rival Tesla which leads in the
growing market.
    Separately, Bloomberg News reports Volkswagen adds more
banks to Porsche sports car IPO  urn:newsml:reuters.com:*:nL4N2YO2ZP
        
    VNG
    The German government is considering providing aid of up to
two billion euros ($2.03 billion) to German gas importer VNG in
case of a gas emergency due to falling Russian gas supplies,
Handelsblatt reported on Thursday citing financial circles.
 urn:newsml:reuters.com:*:nL8N2YO5R1
    VNG is majority-owned by regional utility EnBW  EBKG.DE .
    
    ANNUAL GENERAL MEETINGS
    HORNBACH HOLDING  HBH.DE  - 2.40 eur/shr dividend proposed
        
    EX-DIVIDEND 
    BAADER BANK  - 0.35 euros/shr dividend

    COMPANY STATEMENTS
    * SGS  SGSN.S  Acquires Proderm In Germany
    * Vulcan Energy partners with Enel Green to develop Italian
lithium project  urn:newsml:reuters.com:*:nL4N2YO3OE
    * Self-driving startup Argo AI said it had laid off about
150 employees as it makes adjustments to its business plans
 urn:newsml:reuters.com:*:nL1N2YO2WL
    
    ANALYSTS' VIEWS
    ADIDAS AG  ADSGn.DE : CITIGROUP CUTS TARGET PRICE TO EUR 235
FROM EUR 242
    BIKE24 HOLDING AG  BIKE.DE : JP MORGAN CUTS PRICE TARGET TO
EUR 5 FROM EUR 10
    SALZGITTER AG  SZGG.DE : JP MORGAN CUTS PRICE TARGET TO EUR
28.50 FROM EUR 31.60
    SCOUT24 SE  G24n.DE : JP MORGAN RAISES PRICE TARGET TO EUR
72 FROM EUR 67
    
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +1.1%, S&P 500 .SPX  +1.5%, Nasdaq  .IXIC 
+2.3% at close.  .N 
    Nikkei  .N225  +0.6%, Shanghai stocks  .SSEC  +0.2%.  .T 
 .SS 
    Time: 4:52 GMT
    
    ECONOMY
    No major German economic data scheduled.
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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