German stocks - Factors to watch on September 27
27/09/2021 06:09
(Updates election entry, adds landlord referendum results)
BERLIN/FRANKFURT, Sept 27 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
ELECTION
Germany's Social Democrats were set on Monday to start the
process of trying to form a government after they narrowly won
their first national election since 2005 to end 16 years of
conservative-led rule under Angela Merkel.
The centre-left Social Democrats (SPD) won 25.7% of the
vote, ahead of 24.1% for Merkel's CDU/CSU conservative bloc,
according to provisional results. The Greens came in at 14.8%
and the liberal Free Democrats (FDP) were on 11.5%. urn:newsml:reuters.com:*:nL8N2QT0CW
VONOVIA VNAn.DE , DEUTSCHE WOHNEN DWNG.DE
Berliners looked set to approve to empower city hall to
expropriate major landlords such as Vonovia and Deutsche Wohnen,
the provisional results of a referendum conducted on Sunday
showed on Monday. Around 56% cast a ballot in favour of the
initiative, compared to 39% voting against it.
ZOOPLUS ZO1G.DE
Zooplus AG, one of Europe's largest online pet supplies'
retailers, said on Saturday that Swedish private equity firm EQT
AB EQTAB.ST has made an offer to buy the company for about
3.36 billion euros ($3.94 billion). urn:newsml:reuters.com:*:nL4N2QR01L
ALLIANZ ALVG.DE
Allianz is in the process of offloading a large chunk of its
U.S. life insurance policies, Bloomberg reported on Friday,
citing people with knowledge of the matter. urn:newsml:reuters.com:*:nL1N2QQ218
DWS DWSG.DE
PwC was advising DWS on sustainability at the same time as
the accounting firm was investigating and dismissing
whistleblower allegations of large-scale greenwashing at the
asset manager, The Financial Times reported.
LPKF LPKG.DE
The company on Friday corrected its sales guidance for the
third quarter due to logistics bottlenecks but kept its
full-year outlook unchanged. urn:newsml:reuters.com:*:nASN001OR7
CORONAVIRUS
Germany reported 3,022 new infections and 10 more deaths.
ANALYSTS' VIEWS
AUTO1 GROUP SE AG1G.DE : JP MORGAN RAISES TO OVERWEIGHT
FROM NEUTRAL
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.1%, S&P 500 .SPX +0.1%, Nasdaq .IXIC
unchanged at close. .N
Nikkei .N225 unchanged, Shanghai stocks .SSEC -1.3%.
.T .SS
Time: 4:42 GMT
ECONOMY
No major German economic data scheduled.
DIARIES DE/DIARY
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(Reporting by Berlin, Frankfurt and Gdansk newsrooms)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))