German stocks - Factors to watch on November 28
28/11/2016 06:08
FRANKFURT, Nov 28 (Reuters) - The following are some of the
factors that may move German stocks on Monday:
BMW BMWG.DE
The German luxury carmaker plans to launch a new version of
its i3 electric car next year with a longer range and revamped
design, German weekly Welt am Sonntag reported, citing company
sources. urn:newsml:reuters.com:*:nL8N1DR0AJ
Separately, the group is increasing the size of its venture
capital fund, BMW i Ventures, to 500 million euros from 100
million, German business daily Handelsblatt said on Sunday,
citing one of the carmaker's board members. urn:newsml:reuters.com:*:nL8N1DS0NE
DEUTSCHE BANK DBKGn.DE
Mexican bank InvestaBank will stick to its plan to acquire
Deutsche Bank assets in the country, saying it has been cleared
in audits by local regulators after one of its partners was
arrested in the United States. urn:newsml:reuters.com:*:nL1N1DQ14V
DEUTSCHE POST DPWGn.DE
CEO Frank Appel, in an interview with Bild am Sonntag,
confirmed expectations for a record Christmas, with daily parcel
deliveries seen doubling to 8 million prior to Christmas Eve.
urn:newsml:reuters.com:*:nL5N1CD4SZ
LUFTHANSA LHAG.DE
German pilots union VC has announced further strikes at
Lufthansa for Tuesday and Wednesday this week after fresh talks
at the end of a four-day walkout failed to settle their
long-running pay dispute. urn:newsml:reuters.com:*:nL8N1DS06C
SIEMENS SIEGn.DE
The trains-to-turbines group Siemens is well placed to do
business in the United States, regardless of whether
President-elect Donald Trump backs fossil-fuels at the expense
of renewable energy, its CEO told a newspaper. urn:newsml:reuters.com:*:nL8N1DR098
VOLKSWAGEN VOWG_p.DE
Volkswagen's Porsche division expects annual sales of about
20,000 for its first all-electric car, the Mission E, the luxury
carmaker's chief executive told a German magazine. urn:newsml:reuters.com:*:nL8N1DS07E
Separately, Volkswagen signed a deal on Sunday to assemble
cars in Algeria in a joint venture with its local car importer
SOVAC, aiming for a production capacity of more than 100
vehicles per day from June 2017, VW and Algerian officials said.
urn:newsml:reuters.com:*:nL8N1DS0KV
LEIFHEIT LEIG.DE
The company is on the lookout for acquisitions in Europe and
does not see itself as a target for hostile takeovers, Chief
Executive Thomas Radke told German newspaper Die Welt in an
interview.
STABILUS STAB.DE
The company said it expected its annual sales to reach 865
million euros in 2017, with an adjusted EBIT margin of 13 to 14
percent. urn:newsml:reuters.com:*:nFWN1DS022
ANALYSTS' VIEWS
VONOVIA VNAn.DE - Jefferies starts with "hold", target
price 32 euros
DEUTSCHE WOHNEN DWNG.DE - Jefferies starts with "buy",
target price 35 euros
LEG IMMOBILIEN LEGn.DE - Jefferies starts with "buy",
target price 84 euros
TAG IMMOBILIEN TEGG.DE - Jefferies starts with "hold",
target price 12 euros
FREENET FNTGn.DE - Barclays starts with "underweight",
target price 23 euros
UNITED INTERNET UTDI.DE - Barclays starts with
"equal-weight", target price 37 euros
ADLER REAL ESTATE ADLG.DE - Jefferies starts with "hold",
target price 14 euros
ADO PROPERTIES ADJ.DE - Jefferies starts with "buy",
target price 38 euros
TELE COLUMBUS TC1n.DE - Barclays starts with "overweight",
target price 9.20 euros
GRAND CITY PROPERTIES GYC.DE - Jefferies starts with
"buy", target price 19 euros
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.4 pct, S&P 500 .SPX +0.4 pct, Nasdaq
.IXIC +0.3 pct at close. .N
Nikkei .N225 -0.3 pct, Shanghai stocks .SSEC +0.6 pct.
Time: 6.07 GMT. .T .SS
GERMAN ECONOMIC DATA
No economic data scheduled.
ECONDE G7TODAY
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Harro ten Wolde, Christoph Steitz and Maria
Sheahan)
((harro.tenwolde@thomsonreuters.com; +49 69 7565 1271; Reuters
Messaging: harro.tenwolde.thomsonreuters.com@reuters.net))
Keywords: GERMANY STOCKS/FACTORS