German stocks - Factors to watch on September 16

Instone Real Estate SE

16/09/2020 05:40

BERLIN/FRANKFURT, Sept 16 (Reuters) - The following are some
of the factors that may move German stocks on Wednesday:
    
    CORONAVIRUS
    Pfizer  PFE.N , which is a partner of Germany's Biontech
 22UAy.F , said participants were showing mostly
mild-to-moderate side effects when given either the company's
experimental coronavirus vaccine or a placebo in an ongoing
late-stage study.  urn:newsml:reuters.com:*:nL4N2GC3WJ
    China is inoculating tens of thousands of its citizens with
experimental coronavirus vaccines and attracting international
interest in their development, despite expert concerns over the
safety of drugs that have not completed standard testing.
 urn:newsml:reuters.com:*:nL4N2G743G
    Germany reported 1,901 new coronavirus cases.
    
    
    BAYER  BAYGn.DE 
    Bayer has settled thousands of U.S. Roundup weed killer
lawsuits as part of an $11 billion settlement, reaching deals
with the only lawyers who took cases to trial over allegations
the herbicide caused cancer.  urn:newsml:reuters.com:*:nL1N2GC1BQ
    
    
    GRENKE  GLJn.DE 
    The group said it strongly rejected allegations made in a
short-seller report that sent its shares tanking and that one of
the central accusations against it was "demonstrably false".
 urn:newsml:reuters.com:*:nL8N2GC4WT
    
    LUFTHANSA  LHAG.DE 
    The airline could cut its fleet by 130 planes in response to
the coronavirus crisis, two people familiar with the matter
said.  urn:newsml:reuters.com:*:nL8N2GC5G6
    
    THYSSENKRUPP  TKAG.DE 
    The company could make small acquisitions to bolster its
U.S. materials business, the head of the conglomerate's unit
Materials Services told Frankfurter Allgemeine Zeitung, adding a
tie-up with Kloeckner & Co  KCOGn.DE  was not on the table.
    
    BRENNTAG  BNRGn.DE 
    The company said it expects operating core earnings (EBITDA)
of between 1 billion and 1.04 billion euros in 2020.
 urn:newsml:reuters.com:*:nASN000CF6
    
    
    INSTONE REAL ESTATE  INS2.DE 
    The company said it concluded a capital increase with gross
proceeds of 182 million euros. It issued 10 million new shares
at a subscription price of 18.20 euros per share.  urn:newsml:reuters.com:*:nEQ9CBkpQa
    
    
    IPO
    Private equity-owned defence supplier Hensoldt will rake in
at least 400 million euros in its planned initial public
offering, the company said.  urn:newsml:reuters.com:*:nL8N2GC5X5
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  unchanged, S&P 500 .SPX  +0.5%, Nasdaq
 .IXIC  +1.2% at close.  .N 
    Nikkei  .N225  +0.2%, Shanghai stocks  .SSEC  -0.2%.  .T 
 .SS 
    Time: 4:40 GMT
    
    
    ECONOMY
    * No major German economic data scheduled
    * German firms are benefiting from an upturn in the Chinese
economy after the coronavirus crisis, the German Chambers of
Industry and Commerce was quoted as saying, adding it sees a
2%-4% fall in German exports there this year.  urn:newsml:reuters.com:*:nL8N2GC5YN
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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