German stocks - Factors to watch on March 16

Leoni AG

16/03/2020 05:15

BERLIN/FRANKFURT, March 16 (Reuters) - The following are
some of the factors that may move German stocks on Monday:
    
    CORONAVIRUS
    The U.S. Federal Reserve and global central banks moved
aggressively to buttress a world economy unraveling rapidly amid
the coronavirus pandemic, with the Fed slashing interest rates
to near zero, pledging hundreds of billions of dollars in asset
purchases and backstopping foreign authorities with the offer of
cheap dollar financing.  urn:newsml:reuters.com:*:nL1N2B80FD
    Germany will temporarily introduce border controls on its
frontiers with Austria, Switzerland, France, Luxembourg and
Denmark from Monday, the government said as the country seeks to
curb a rapid spread of coronavirus.  urn:newsml:reuters.com:*:nL8N2B816L
    Berlin is trying to stop Washington from persuading a German
company seeking a coronavirus vaccine to move its research to
the United States, prompting German politicians to insist no
country should have a monopoly on any future vaccine.
 urn:newsml:reuters.com:*:nL8N2B80I4
    
    BAYER  BAYGn.DE 
    The company has agreed on draft settlement terms with half a
dozen law firms representing tens of thousands of plaintiffs
alleging that its Roundup weedkiller causes cancer, the Wall
Street Journal reported.  urn:newsml:reuters.com:*:nL4N2B652R
    
    DAIMLER  DAIGn.DE 
    The carmaker announced it would postpone its annual general
meeting, originally due on April 1, over the coronavirus
epidemic.  urn:newsml:reuters.com:*:nPn98lWb9a
    
    DEUTSCHE BANK  DBKGn.DE 
    Deutsche Bank will operate globally in split teams from
Monday in an effort to stem the spread of coronavirus, Germany's
largest lender said in an internal memo.  urn:newsml:reuters.com:*:nL8N2B81EG
    
    LUFTHANSA  LHAG.DE 
    The flagship carrier said it would scrap its annual
dividend, slash its flight schedule further and is also
considering a request for state aid to help it deal with the
impact of the coronavirus outbreak.  urn:newsml:reuters.com:*:nL8N2B67ZY
    Subsidiary Swiss International is taking half its fleet out
of service and reducing working hours for flight personnel to
help safeguard its finances during the coronavirus outbreak, it
said.  urn:newsml:reuters.com:*:nL8N2B708A
    Lufthansa said it had organised special flights for the
coming days, to return 3,000-4,000 cruise passengers and
holidaymakers to Germany, many of them from the Canary Islands
and the Caribbean.
    
    VOLKSWAGEN  VOWG_p.DE 
    The company is preparing to suspend operations at its
manufacturing plant in Bratislava, it said, after Slovakia
declared a state of emergency due to the coronavirus outbreak.
 urn:newsml:reuters.com:*:nL8N2B81E5
    Porsche plans more models than previously reported on its
PPE joint platform with sister company Audi, Automobilwoche
reported.
    
    OSRAM  OSRn.DE 
    AMS  AMS.S   announced that it holds 23.4% of all Osram
shares as a direct shareholding.  urn:newsml:reuters.com:*:nAPA2VzqKd
    
    GRAND CITY PROPERTIES  GYC.DE 
    2019 annual report due
    
    ISRA VISION  ISRG.DE 
    The software company has canceled its annual general meeting
due to the spread of the coronavirus. The AGM was due on
Tuesday. 
    
    DRAEGERWERK  DRWG.DE  
    The medical gear maker said that the German government was
buying 10,000 ventilators for respiratory care, its largest
order ever.  urn:newsml:reuters.com:*:nL8N2B65X3
    
    LEONI  LEOGn.DE 
    The company announced new restructuring measures and said it
would not pay a dividend until restructured credit lines have
been repaid.  urn:newsml:reuters.com:*:nASN00044O
    
    TUI  TUIGn.DE 
    The company announced it will suspend the vast majority of
its travel operations, withdraw its 2020 guidance and apply for
state aid guarantees to counter the impact of the coronavirus
pandemic.  urn:newsml:reuters.com:*:nASN00044Z
    
    SALZGITTER  SZGG.DE 
    2019 results due
    
    TALANX  TLXG.DE 
    2019 detailed results due. The company in February reported
a record result of 923 million euros.
    
    WACKER NEUSON  WACGn.DE 
    2019 annual report due
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +9.4%, S&P 500 .SPX  +9.3%, Nasdaq  .IXIC 
+9.4% at close.  .N 
    Nikkei  .N225  -0.2%, Shanghai stocks  .SSEC  -0.7%.  .T 
 .SS 
    Time: 5:15 GMT
    
    
    ECONOMY
    * No major German economic data scheduled.
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))