German stocks - Factors to watch on July 1
01/07/2020 05:42
BERLIN, July 1 (Reuters) - The following are some of the
factors that may move German stocks on Wednesday:
CORONAVIRUS
Asian stocks struggled for headway as the second half of the
year got underway, with improving economic data offset by
worries that surging coronavirus cases in the United States
could derail the world's recovery before it properly begins.
urn:newsml:reuters.com:*:nL4N2E80VP
New U.S. COVID-19 cases rose by more than 47,000, according
to a Reuters tally, the biggest one-day spike since the start of
the pandemic as the government's top infectious disease expert
warned that number could soon double. urn:newsml:reuters.com:*:nL1N2E71GY
The toll from COVID-19 could rise to 438,000 deaths in Latin
America by October if prevention measures are not kept up, a WHO
official warned. urn:newsml:reuters.com:*:nL1N2E71JA
Germany reported 466 new coronavirus cases and 12 more
deaths.
WIRECARD WDIG.DE
The supervisory board terminated with immediate effect the
employment contract of former CEO Markus Braun, the company
said. urn:newsml:reuters.com:*:nEQ4fz6tMa
Wirecard lenders are seeking buyers for 200-million euro
loans to the company, Bloomberg reported. urn:newsml:reuters.com:*:nL4N2E74B4
Administrator Michael Jaffe expects insolvent Wirecard to be
sold in parts, he said. Potential suitors include private equity
firms and rivals like France's Worldline WLN.PA .
LUFTHANSA LHAG.DE
CEO Carsten Spohr will assume additional responsibility for
the airline's finances after the departure of fellow executive
board member Thorsten Dirks. urn:newsml:reuters.com:*:nFWN2E70UE
ADIDAS ADSGn.DE
The head of human resources has stepped down after a group
of employees called for an investigation over her handling of
racism at the company, which she had described last year as
"noise" only discussed in America. urn:newsml:reuters.com:*:nL8N2E76RT
DEUTSCHE BOERSE DB1Gn.DE
Shorter hours would not be in the best interests of
investors or stock markets, European bourses said, dashing hopes
at banks and investment firms in London of cutting 90 minutes
from the trading day. urn:newsml:reuters.com:*:nL8N2E75MB
AIRBUS AIRG.DE
The company unveiled plans to shed 15,000 jobs within a
year, including 900 already earmarked in Germany, saying its
future was at stake after the coronavirus outbreak paralysed air
travel. urn:newsml:reuters.com:*:nL8N2E728Y
CEO Guillaume Faury warned staff against reverting to
national or regional agendas that plagued the Franco-German-led
firm in the past as workers battle for jobs. urn:newsml:reuters.com:*:nL8N2E77QS
STEINHOFF SNHG.DE
The South African retail conglomerate reported a bigger
full-year loss, as it tries to recover from a $7 billion
accounting fraud. urn:newsml:reuters.com:*:nL4N2E8041
ANNUAL GENERAL MEETINGS
JOST WERKE JSTG.DE - no dividend proposed
PATRIZIA PATGn.DE - 0.29 eur/shr dividend proposed
EX-DIVIDEND
VONOVIA VNAn.DE - 1.57 euros/shr dividend
KNORR BREMSE KBX.DE - 1.80 euros/shr dividend
CANCOM COKG.DE - 0.50 euros/shr dividend
NORMA GROUP NOEJ.DE - 0.04 euros/shr dividend
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.9%, S&P 500 .SPX +1.5%, Nasdaq .IXIC
+1.9% at close. .N
Nikkei .N225 -0.2%, Shanghai stocks .SSEC +0.9%. .T
.SS
Time: 4:42 GMT
ECONOMY
* German May retail sales due at 0600 GMT. Seen +3.9% m/m,
-3.5% y/y
* German June unemployment data due at 0755 GMT. Rate seen
at 6.6%
* German June Markit final PMI due at 0755 GMT. Seen at 44.6
DIARIES DE/DIARY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Berlin Speed Desk and Gdansk Newsroom)
((berlin.newsroom@thomsonreuters.com))