German stocks - Factors to watch on September 19
19/09/2016 06:07
FRANKFURT/BERLIN, Sept 19 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
DAIMLER DAIGn.DE
Daimler should avert possible job losses resulting from the
expected substitution of conventional cars by electronic
vehicles in coming years by making components for electric
engines, the carmaker's top labour representative said in an
interview with Reuters. urn:newsml:reuters.com:*:nL8N1BS129
The carmaker plans to invest a further 500 million euros
($558 million) in its Mercedes-Benz truck engine plant in
Mannheim by 2020, on top of 500 million already invested between
2014 and 2016 to expand capacity, plant head Andreas Moch told
Mannheimer Morgen newspaper.
Trucks head Wolfgang Bernhard told Sunday paper Frankfurter
Allgemeine Sonntagszeitung the company was watching Tesla's move
into e-trucks "with interest". urn:newsml:reuters.com:*:nL8N1BU0BC
DEUTSCHE BANK DBKGn.DE
The financial stability council still expects the U.S.
Justice Department to significantly reduce a $14 billion claim
against Deutsche Bank over mortgage-backed securities, basing
its view on previous cases against U.S. banks in which initial
demands were later reduced, Handelsblatt reported on Monday.
VOLKSWAGEN VOWG_p.DE
Audi's head of development will be suspended this coming
week as part of the investigation into an emissions scandal,
Bild am Sonntag reported. urn:newsml:reuters.com:*:nL8N1BT2NJ
Separately, VW management has called on employees to act
with integrity in a letter to employees sent a year after the
start of the Dieselgate scandal, Automobilwoche reported on
Saturday.
SCHAEFFLER SHA_p.DE
The automotive supplier is looking to expand its electronics
and software business making components for hybrid and electric
cars, its CEO Klaus Rosenfeld told magazine Euro am Sonntag
urn:newsml:reuters.com:*:nL8N1BT03X
INDEX CHANGES AS OF SEPT. 19
TECDAX 0#.TECDAX
IN: S+T AG SANT1.DE
OUT: SUESS MICROTEC AG SMHNn.DE
SDAX 0#.SDAXI
IN: LEIFHEIT LEIG.DE
OUT: COMDIRECT BANK CDBG.DE
OVERSEAS STOCK MARKETS
Dow Jones .DJI -0.5 pct, S&P 500 .SPX -0.4 pct, Nasdaq
.IXIC -0.1 pct at close. .N
Japanese markets closed, Shanghai stocks .SSEC +0.6 pct.
Time: 5.07 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
($1 = 0.8955 euros)
(Reporting by Jonathan Gould, Victoria Bryan and Ludwig Burger)
((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))
Keywords: GERMANY STOCKS/FACTORS