German stocks - Factors to watch on September 28
28/09/2020 05:36
BERLIN/FRANKFURT, Sept 28 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
CORONAVIRUS
The global death toll from COVID-19 could double to 2
million before a successful vaccine is widely used and could be
even higher without concerted action to curb the pandemic, a WHO
official said.
The WHO supported China's campaign to vaccinate certain
people against coronavirus in July while clinical trials were
still under way, a Chinese health official said, although some
experts have expressed concern about the move. urn:newsml:reuters.com:*:nL3N2GM26U
Chinese stocks drove Asian markets higher, though sentiment
was still cautious ahead of a U.S. Presidential debate and as a
spike in new coronavirus cases undermined global economic
recovery hopes. urn:newsml:reuters.com:*:nL4N2GP0L8
DAIMLER DAIGn.DE
Investors welcomed former CEO Dieter Zetsche's decision to
not to take on the job of chairman in 2021 and urged the
carmaker to appoint an new, more independent candidate.
urn:newsml:reuters.com:*:nL8N2GO0E0
SIEMENS SIEGn.DE
Siemens Energy ENR1n.DE is working on plans to exit
technologies tied to coal-fired power stations, Siemens Chief
Executive Joe Kaeser told Welt am Sonntag. L8N2GN06E
Additionally, first day of trading due.
Siemens has invited private equity bidders to make an offer
for its Flender unit. Offers are due in October, Frankfurter
Allgemeine Zeitung reported.
CONTINENTAL CONG.DE
More than 1500 protesters gathered outside the company's
tire factory in Aachen to protest the site's closure, trade
union IG BCE said.
DEUTSCHE POST DPWGn.DE
Germany's Federal Network Agency told Welt am Sonntag that
it will review the legality of Deutsche Post's postal fee of 80
cents for letters in Germany.
COMMERZBANK CBKG.DE
The lender poached Manfred Knof, a senior executive at rival
Deutsche Bank DBKGn.DE , to assume the role of chief executive,
filling a leadership vacuum after months of turmoil. urn:newsml:reuters.com:*:nL8N2GN0G7
OSRAM OSRn.DE
Osram staff numbers will fall by 1,700 to 21,700 by the end
of September and drop to 20,700 by 2025, Welt am Sonntag
reported. The company expects to post an EBIT loss in 2020 and
2021 and post an EBIT of almost 600 million euros by 2025, the
paper said.
ALSTRIA OFFICE AOXG.DE
The rise in people working from home due to the coronavirus
crisis could lead to a rapid downturn in demand for office
space, Alstria Office's CFO told the Boersen-Zeitung financial
newspaper. urn:newsml:reuters.com:*:nL8N2GN050
LPKF LPKG.DE
The company said it signed a framework agreement with a
manufacturer of thin-film solar modules with a total volume of
at least 18 million euros. urn:newsml:reuters.com:*:nEQ1pGt9Sa
OVERSEAS STOCK MARKETS
Dow Jones .DJI +1.3%, S&P 500 .SPX +1.6%, Nasdaq .IXIC
+2.3% at close. .N
Nikkei .N225 +0.7%, Shanghai stocks .SSEC -0.2%. .T
.SS
Time: 4:36 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))