German stocks - Factors to watch on November 24
24/11/2020 05:52
BERLIN/FRANKFURT, Nov 24 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
CORONAVIRUS
The number of confirmed coronavirus cases in Germany
increased by 13,554 to 942,687, data from the Robert Koch
Institute (RKI) for infectious diseases showed on Tuesday. The
reported death toll rose by 249 to 14,361, the tally showed.
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VODAFONE VOD.L
Vodafone said that operations on its German mobile network
were returning to normal after the failure of control equipment
caused a widespread outage lasting more than three hours.
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WIRECARD WDIG.DE
EY has reached a deal with German politicians to give its
auditors protection from the legal risk of giving evidence at a
Wirecard inquiry, Financial Times reported on Monday.
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DEUTZ DEZG.DE
Deutz said on Monday it was postponing its medium-term
targets of achieving revenue of 2 billion euros ($2.4 billion)
and operating profit margin of 7%-8% to 2023/24 from 2022.
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SIXT SIXG.DE
German car rental company Sixt issued a new forecast for
consolidated operating revenue in 2020 of 1.5 billion euros
($1.77 billion) and a loss before taxes of 70-95 million euros.
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KWS SAAT KWSG.DE
First quarter results due.
ANALYSTS' VIEWS
* AAREAL BANK AG ARLG.DE : CITIGROUP CUTS PRICE TARGET TO
EUR 22.4 FROM EUR 25.7
* DEUTSCHE PFANDBRIEFBANK AG PBBG.DE : CITIGROUP RAISES
PRICE TARGET TO EUR 8.9 FROM EUR 7.5
* DUERR AG DUEG.DE : BAADER HELVEA CUTS TO ADD FROM BUY,
CUTS TARGET PRICE TO EUR 32 FROM EUR 34
* SIXT SE SIXG.DE : JEFFERIES RAISES TARGET PRICE TO EUR
105 FROM EUR 90
* TRATON SE 8TRA.DE : JEFFERIES RAISES TARGET PRICE TO EUR
25 FROM EUR 21
OVERSEAS STOCK MARKETS
Dow Jones .DJI +1.1%, S&P 500 .SPX +0.6%, Nasdaq .IXIC
+0.2% at close. .N
Nikkei .N225 +2.5%, Shanghai stocks .SSEC -0.4%. .T
.SS
Time: 5:51 GMT
GERMAN ECONOMIC DATA
German Q3 detailed GDP due at 0700 GMT.
German November Ifo indicator due at 0900 GMT. Business
climate seen 90.1, current conditions at 87.0, expectations at
93.5.
DIARIES DE/DIARY
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($1 = 0.8444 euros)
(Reporting by Berlin, Frankfurt and Gdansk newsrooms)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))