German stocks - Factors to watch on June 4
04/06/2020 06:20
BERLIN/FRANKFURT, June 4 (Reuters) - The following are some
of the factors that may move German stocks on Thursday:
CORONAVIRUS
Chancellor Angela Merkel's ruling coalition on Wednesday
agreed a bumper stimulus package that would amount to 130
billion euros ($145.81 billion) and include lower value-added
tax (VAT) to boost consumption in a bid to speed up Germany's
recovery from the coronavirus. urn:newsml:reuters.com:*:nL8N2DG3XU
A summit planned for September in Leipzig, Germany, between
China and the European Union has been postponed because of the
coronavirus, the German government said on Wednesday.
urn:newsml:reuters.com:*:nL8N2DG69T
The number of confirmed coronavirus cases in Germany
increased by 394 to 182,764, data from the Robert Koch Institute
(RKI) for infectious diseases showed on Thursday. The death toll
rose by 30 to 8,581, the tally showed. urn:newsml:reuters.com:*:nL8N2DH08F
Austria is lifting coronavirus-related border restrictions
including quarantines for all neighbouring countries except
Italy as of Thursday, the foreign minister said on Wednesday.
urn:newsml:reuters.com:*:nL8N2DG2NA
BAYER BAYGn.DE
Fitch Ratings has affirmed Bayer AG's Long-Term Issuer
Default Rating (IDR) and senior unsecured rating at BBB+'. The
Outlook is Negative. urn:newsml:reuters.com:*:nFit6x155S
Bayer cannot sell its dicamba-based herbicide in the United
States because an appeals court rejected a federal regulator's
permit for it, Bloomberg reported. urn:newsml:reuters.com:*:nL4N2DH0RX
DEUTSCHE BANK DBKGn.DE
Deutsche Bank could face enforcement action by New York
regulators investigating its ties to the late U.S. financier and
accused sex offender Jeffrey Epstein, two sources familiar with
the investigation told Reuters on Wednesday. urn:newsml:reuters.com:*:nL1N2DG196
WIRECARD WDIG.DE
The payments group forecasts no damage to business from the
pandemic, the Financial Times reported. urn:newsml:reuters.com:*:nL4N2DG3XY
NORD STREAM 2
UNIPER UN01.DE WINTERSHALL BASFn.DE
Five U.S. senators are to announce legislation on Wednesday
to expand sanctions on Russia's Nord Stream 2, a natural gas
pipeline that would increase exports to Germany but is opposed
by many in Washington who say it would tighten Moscow's
political and economic grip on Europe. urn:newsml:reuters.com:*:nL1N2DG22G
PROSIEBENSAT.1 MEDIA PSMGn.DE
Italian broadcaster Mediaset MS.MI has increased its
direct stake in German counterpart to 11.7% from 8.9%, according
to a regulatory filing on Wednesday ahead of next week's annual
general meeting. urn:newsml:reuters.com:*:nL8N2DG5BR
THYSSENKRUPP TKAG.DE
Australian graphite explorer EcoGraf Ltd EGR.AX said on
Thursday it had signed an agreement to supply graphite products
used in making batteries to a unit of German industrial
conglomerate Thyssenkrupp. urn:newsml:reuters.com:*:nL4N2DH05F
ENCAVIS HWAG.DE
Encavis and Sunovis concluded a cooperation agreement for a
200 mw+ portfolio of solar projects in Germany that is expected
to begin within one year. urn:newsml:reuters.com:*:nFWN2DG0W2
ANNUAL GENERAL MEETINGS
* HEIDELBERGCEMENT AG HEIG.DE - 0.60 eur/shr dividend
proposed
* LPKF LASER & ELECTRONICS AG LPKG.DE - 0.10 eur/shr
dividend proposed
* SMA SOLAR TECHNOLOGY AG S92G.DE - no dividend proposed
ANALYSTS' VIEWS
* DEUTSCHE LUFTHANSA AG LHAG.DE : BERENBERG CUTS TO SELL
FROM HOLD; CUTS TARGET PRICE TO EUR 8 FROM EUR 12
OVERSEAS STOCK MARKETS
Dow Jones .DJI +2.1%, S&P 500 .SPX +1.4%, Nasdaq .IXIC
+0.8% at close. .N
Nikkei .N225 +0.2%, Shanghai stocks .SSEC -0.2%. .T
.SS
Time: 5:19 GMT
GERMAN ECONOMIC DATA
No major economic data scheduled.
DIARIES DE/DIARY
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($1 = 0.8916 euros)
(Reporting by Berlin, Frankfurt and Gdansk newsrooms)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))