German stocks - Factors to watch on May 19
19/05/2020 05:28
BERLIN/FRANKFURT, May 19 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
CORONAVIRUS
France and Germany proposed a 500 billion euro Recovery Fund
that would offer grants to European Union regions and sectors
hit hardest by the coronavirus pandemic, pushing up the euro and
bringing down Italian bond yields. urn:newsml:reuters.com:*:nL8N2D0549
The Franco-German proposal would bring essential relief to
the bloc's worst-hit nations and demonstrate solidarity,
European Central Bank President Christine Lagarde said.
urn:newsml:reuters.com:*:nL8N2D05YL
Asian shares jumped and oil extended gains on optimism the
global economy would recover quickly following a successful
early-stage trial of a coronavirus vaccine, while the euro
hovered near a two-week top. urn:newsml:reuters.com:*:nL1N2D011D
U.S. President Donald Trump threatened to permanently halt
funding for the World Health Organization if it did not commit
to improvements within 30 days, and to reconsider the membership
of the United States in the body. urn:newsml:reuters.com:*:nL1N2D1058
DEUTSCHE TELEKOM DTEGn.DE
SoftBank 9984.T is in talks to sell "a significant
portion" of its T-Mobile US TMUS.O stake to controlling
shareholder Deutsche Telekom, the Wall Street Journal reported.
INSURANCE ALVG.DE MUVGn.DE HNRGn.DE
Ratings agency Fitch said the coronavirus impact puts
pressure on German insurers' ratings. urn:newsml:reuters.com:*:nFWN2D00V8
AUTOS BMWG.DE DAIGn.DE VOWG_p.DE
Worldwide electric car registrations are set to fall 18%
this year, but those of combustion engine cars are set to drop
even faster, analysts BNEF said, as the automotive sector is
hammered by the coronavirus crisis. urn:newsml:reuters.com:*:nL8N2D052M
European car registrations data due
THYSSENKRUPP TKAG.DE
The company said it was looking for partners for its steel
and warship divisions, singling out just three lines of
businesses that will definitely stay within the struggling
German industrial icon. urn:newsml:reuters.com:*:nL4N2D01Z1
HORNBACH HOLDING HBH.DE
The parent company of the home improvement store chain said
it expects significantly higher sales and earnings in the
current quarter. urn:newsml:reuters.com:*:nEQ5Vvf9qa
DERMAPHARM DMPG.DE
Q1 results due
KWS SAAT KWSG.DE
9M results due
ANNUAL GENERAL MEETINGS
DEUTSCHE BOERSE DB1Gn.DE - 2.90 eur/shr dividend proposed
RHEINMETALL RHMG.DE - 2.40 eur/shr dividend proposed
1&1 DRILLISCH DRIG.DE - 0.05 eur/shr dividend proposed
EX-DIVIDEND
KRONES KRNG.DE - 0.75 euros/shr dividend
OVERSEAS STOCK MARKETS
Dow Jones .DJI +3.9%, S&P 500 .SPX +3.2%, Nasdaq .IXIC
+2.4% at close. .N
Nikkei .N225 +2.0%, Shanghai stocks .SSEC +0.5%. .T
.SS
Time: 4:28 GMT
ECONOMY
* German May ZEW indicator due at 0900 GMT. Economic
sentiment seen at +32.0, current conditions at -88.0
* France and Germany are in favour of reforming the European
Union's merger and competition rules so that the bloc can create
stronger European champions after the coronavirus crisis,
Chancellor Angela Merkel said. urn:newsml:reuters.com:*:nL8N2D04XX
DIARIES DE/DIARY
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(Reporting by Berlin Speed Desk and Frankfurt Newsroom)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))