German stocks - Factors to watch on November 8
08/11/2019 06:16
BERLIN/FRANKFURT, Nov 8 (Reuters) - The following are some
of the factors that may move German stocks on Friday:
CARKMAKER BMWG.DE VOWG_p.DE
The U.S. Justice Department has issued civil subpoenas to
four major automakers, demanding that they disclose details on a
deal struck with California in July to follow strict vehicle
emissions standards, a source briefed on the matter said on
Thursday. urn:newsml:reuters.com:*:nL2N27N26H
VOLKSWAGEN VOWG_p.DE
Trial production has started at Volkswagen AG's (VW) and
SAIC Motor Corp Ltd's 600104.SS $2.5 billion electric vehicle
(EV) factory in Shanghai, VW's chief executive said on Friday,
the latest development in the race to sell EVs in China.
urn:newsml:reuters.com:*:nL3N27O0UF
DEUTSCHE BANK DBKGn.DE
Citigroup Inc C.N and Deutsche Bank AG may cross-examine
four antitrust investigators involved in a criminal cartel
prosecution against them, an Australian court ruled on Friday, a
win for the defence in a closely watched legal battle.
urn:newsml:reuters.com:*:nL3N27O032
THYSSENKRUPP TKAG.DE
Brazilian planemaker Embraer SA EMBR3.SA said on Thursday
it had appointed ThyssenKrupp executive Antonio Carlos Garcia as
chief financial officer. urn:newsml:reuters.com:*:nL2N27N248
Separately, Moody's announced the completion of a periodic
review of ratings of Thyssenkrupp. urn:newsml:reuters.com:*:nMDYxzbsR
JOST WERKE JSTG.DE
The company adjusted its forecast for the fiscal year 2019
and now expects a slight decline in sales in the low
single-digit percentage range compared to 2018. urn:newsml:reuters.com:*:nASP0019EF
UNIPER UN01.DE
Poland's anti-monopoly authority said it would impose a
significant fine on Friday as part of proceedings against
Russia's Gazprom GAZP.MM and five European firms responsible
for financing the planned Nord Stream 2 natural gas pipeline.
urn:newsml:reuters.com:*:nL8N27N93W
BAYER BAYGn.DE
The company said it had placed hybrid capital with a total
volume of 1.75 billion euros. [placed hybrid capital with a
total volume of 1.75 billion euros.]
ALLIANZ ALVG.DE
German insurer Allianz on Friday posted a better than
expected 0.6% rise in net profit in the third quarter from a
year earlier and said 2019 operating profit would be in the
upper half of its targeted range. urn:newsml:reuters.com:*:nASP0019EN
RHOEN KLINIKUM RHKG.DE
The company said earnings before interest, taxes,
depreciation and amortisation (EBITDA) dropped 4.9% to 97.5
miilion euros in the first nine months of 2019. urn:newsml:reuters.com:*:nASP0019EP
WIRECARD WDIG.DE
Capital market day due.
DEUTSCHE PFANDBRIEFBANK PBBG.DE
The bank raised its guidance for full year 2019 to a pre-tax
profit between 205 and 215 million euros. urn:newsml:reuters.com:*:nASP0019E3
ANALYSTS' VIEWS
SCOUT24 AG G24n.DE : JP Morgan cuts to "neutral" from
"overweight"
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.7%, S&P 500 .SPX +0.3%, Nasdaq .IXIC
+0.3% at close. .N
Nikkei .N225 +0.2%, Shanghai stocks .SSEC unchanged.
.T .SS
Time: 6:16 GMT
GERMAN ECONOMIC DATA
German September trade balance due at 0700 GMT. Exports seen
+0.4%, imports unchanged, trade balance at 18.1 billion euros.
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
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(Reporting by Berlin Speed Desk and Frankfurt Newsroom)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))