German stocks - Factors to watch on October 1

Leoni AG

01/10/2021 06:13

BERLIN/FRANKFURT, Oct 1 (Reuters) - The following are some
of the factors that may move German stocks on Friday:
    
    CORONAVIRUS
    Germany reported 10,118 new infections and 73 more deaths.
    
    ALLIANZ  ALVG.DE 
    Allianz's head of asset management Jacqueline Hunt is
stepping down from the board, the company said in a statement on
Thursday, after a scandal over billions of dollars in hedge fund
losses prompted a restructuring of the firm's management.
 urn:newsml:reuters.com:*:nL8N2QW601
    Separately, a U.S. judge said Allianz must face investor
claims it wrongly "abandoned" the investment strategies it
promised to use on hedge funds that suffered massive losses as
the COVID-19 pandemic shook markets early last year.
 urn:newsml:reuters.com:*:nL1N2QW2BI
    
    BMW  BMWG.DE 
    BMW lifted its annual profit margin forecast to between 9.5%
and 10.5% from 7% to 9%, the company said in an ad hoc statement
on Thursday, as higher prices for new and used vehicles outweigh
the effect of supply-chain issues.  urn:newsml:reuters.com:*:nL8N2QW6C3
    
    DAIMLER  DAIGn.DE 
    Shareholders vote on the planned spin-off of Daimler's
trucks division at an extraordinary general meeting.
 urn:newsml:reuters.com:*:nL8N2P671A
    
    SIEMENS ENERGY  ENR1n.DE 
    General Electric Co  GE.N  and Siemens Energy AG have
settled a lawsuit in which GE accused the German company of
stealing trade secrets related to gas turbines.  urn:newsml:reuters.com:*:nL1N2QW2G2
    
    LEONI  LEOGn.DE 
    The company said it had agreed on the sale of its business
group industrial solutions belonging to the wire & cable
solutions (WCS) division of Bizlink Holding Inc.  urn:newsml:reuters.com:*:nASN001PPU
    
    QIAGEN  QIA.DE 
    Qiagen said it had received a contract from the U.S.
Department Of Defense to further expand production capacity for
Neumodx.
    
    BEIERSDORF  BEIG.DE 
    Beiersdorf AG is pulling Coppertone aerosol spray sunscreens
after finding they contain benzene, a chemical that has been
linked to cancer, the company said in a statement published on
the website of the U.S. Food and Drug Administration on
Thursday. 

      
    EX-DIVIDEND 
    HELLA  HLE.DE  - 0.96 euros/shr dividend
        
    ANALYSTS' VIEWS 
    ALLIANZ SE  ALVG.DE : BERENBERG RAISES TO BUY FROM HOLD
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -1.6%, S&P 500 .SPX  -1.2%, Nasdaq  .IXIC 
-0.4% at close.  .N 
    Nikkei  .N225  -2.1%, Chinese markets closed.  .T   .SS 
    Time: 5:13 GMT

    
    ECONOMY
    German August Retail Sales due at 0600 GMT. Seen at +1.5%
m/m, +1.9% y/y
    German September Markit PMI due at 0755 GMT. Seen at +58.5
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin, Frankfurt and Gdansk newsrooms)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))