German stocks - Factors to watch on March 23
23/03/2022 05:33
BERLIN/FRANKFURT, March 23 (Reuters) - The following are
some of the factors that may move German stocks on Wednesday:
UKRAINE CRISIS
Talks between Ukraine and Russia are confrontational but
moving forward, President Volodymyr Zelenskiy said on Wednesday,
as the West plans to announce more sanctions against the Kremlin
amid a worsening humanitarian crisis. urn:newsml:reuters.com:*:nL2N2VQ06R
Two days before the EU summit in Brussels, German Chancellor
Olaf Scholz again rejected a halt to Russian energy supplies to
Germany and Europe on Tuesday. urn:newsml:reuters.com:*:nL5N2VP54P
ENERGY
A working group of Germany's coalition parties has agreed
the broad basis of a package to strengthen Germany's energy
independence and help relieve the burden of high energy costs,
coalition sources told Reuters on Tuesday. urn:newsml:reuters.com:*:nL5N2VP5EP
CORONAVIRUS
Germany reported 283,732 new infections and 329 more deaths.
BAYER BAYGn.DE
The company said it successfully placed new hybrid bonds
with a total volume of 1.3 billion euros. urn:newsml:reuters.com:*:nFWN2VP0WQ
MERCEDES-BENZ MBGn.DE
Mercedes-Benz has reduced working hours for some staff at
its Sindelfingen plant, where it produces models including the
S-Class and E-Class, as supply chain disruptions caused by the
war in Ukraine forced it to curtail production. urn:newsml:reuters.com:*:nL5N2VP53Y
SOFTWARE AG SOWGn.DE
Full year results due.
AUTO1 GROUP SE AG1G.DE
Full year results due.
DEUTSCHE EUROSHOP DEQGn.DE
The group said its earnings before interest and tax fell
5.4% to 152.5 million euros in 2021. urn:newsml:reuters.com:*:nASM0004KS
LPKF LASER & ELECTRONICS AG LPKG.DE
Full year results due.
NORMA GROUP SE NOEJ.DE
Full year results due.
MORPHOSYS AG MORG.DE
MorphoSys said Swissmedic granted temporary approval for
Minjuvi in combination with lenalidomide. urn:newsml:reuters.com:*:nL5N2VP5V3
VITESCO VTSCn.DE
The company said it would combine its four business units
into two - Powertrain Solutions and Electrification Solutions -
from next year to "boost the effectiveness, efficiency, and
flexibility" of its business. urn:newsml:reuters.com:*:nFWN2VP0TV
ANALYSTS' VIEWS
GERRESHEIMER AG GXIG.DE : JP MORGAN RAISES TARGET PRICE TO
EUR 72.20 FROM EUR 72
SALZGITTER AG SZGG.DE : JP MORGAN RAISES TARGET PRICE TO
EUR 32.50 FROM EUR 28.50
SALZGITTER AG SZGG.DE : JEFFERIES RAISES TARGET PRICE TO
EUR 50 FROM EUR 40
BASF SE BASFn.DE : JEFFERIES CUTS TARGET PRICE TO EUR 74
FROM EUR 80
COVESTRO AG 1COV.DE : JEFFERIES CUTS TARGET PRICE TO EUR 56
FROM EUR 63
EVONIK INDUSTRIES AG EVKn.DE : JEFFERIES CUTS TARGET PRICE
TO EUR 27 FROM EUR 30
LANXESS AG LXSG.DE : JEFFERIES CUTS TARGET PRICE TO EUR 55
FROM EUR 62
SYMRISE AG SY1G.DE : JEFFERIES CUTS TARGET PRICE TO EUR 125
FROM EUR 130
LANXESS AG LXSG.DE : GOLDMAN SACHS CUTS TO NEUTRAL FROM BUY
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.7%, S&P 500 .SPX +1.1%, Nasdaq .IXIC
+2.0% at close. .N
Nikkei .N225 +3.0%, Shanghai stocks .SSEC +0.1%. .T
.SS
Time: 5:33 GMT
ECONOMY
No major German economic data scheduled.
DIARIES DE/DIARY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Berlin, Frankfurt and Gdansk newsrooms)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))