German stocks - Factors to watch on Feb 28

Maravai Lifesciences Holdings

28/02/2022 05:59

BERLIN/FRANKFURT, Feb 28 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
    
    UKRAINE CRISIS
    President Vladimir Putin put Russia's nuclear deterrent on
high alert on Sunday in the face of a barrage of Western
reprisals for his war on Ukraine, which said it had repelled
Russian ground forces attacking its biggest cities.  urn:newsml:reuters.com:*:nL1N2V20HD
    European nations and Canada moved on Sunday to shut their
airspace to Russian aircraft, an unprecedented step aimed at
pressuring President Vladimir Putin to end his invasion of
Ukraine, the biggest attack on a European state since World War
Two.  urn:newsml:reuters.com:*:nL1N2V307H
    Russia's political and economic isolation deepened on Monday
as its forces met stiff resistance in Ukraine's capital and
other cities in the biggest assault on a European state since
World War Two.  urn:newsml:reuters.com:*:nL1N2V308I
    
    AIRBUS  AIRG.DE , MTU AERO ENGINES  MTXGn.DE , RHEINMETALL
 RHMG.DE , THYSSENKRUPP  TKAG.DE 
    German Chancellor Olaf Scholz on Sunday said the government
had decided to supply 100 billion euros for military investments
from its 2022 budget in one of a series of policy shifts
prompted by Russia's invasion of Ukraine.  urn:newsml:reuters.com:*:nL8N2V20H4
    
    RWE  RWEGn.DE , E.ON  EONGn.DE , ENBW  EBKG.DE 
    Germany is weighing whether to extend the life-span of its
remaining nuclear power plants as a way to secure the country's
energy supply in the face of uncertainty over Russian gas
supplies, the country's economy minister said.  urn:newsml:reuters.com:*:nL8N2V219L
    
    RWE  RWEG.DE , UNIPER  UN01.DE 
    German Chancellor Olaf Scholz on Sunday said that Germany
would quickly build two LNG terminals, in Brunsbuettel and
Wilhelmshaven, to reduce dependency on Russian gas.  urn:newsml:reuters.com:*:nL1N2V20MA
    Utility RWE has been backing efforts by German LNG Terminal,
a joint venture of Dutch gas network operator Gasunie
 GSUNI.UL , German tank storage provider Oiltanking GmbH and
Dutch storage company Vopak LNG Holding  VOPA.AS , to build a
terminal in Brunsbuettel.
    Separately, the German government has asked Uniper to revive
plans to build an LNG terminal in Wilhelmshaven, Handelsblatt
newspaper reported on Sunday, after the company scrapped such
plans in late 2020.  urn:newsml:reuters.com:*:nL1N2V20MA
    Separately, Bight Wind Holdings LLC, a joint venture between
RWE and Britain's National Grid  NG.L , was the top bidder in
the Biden administration's sale of offshore wind development
rights off the coasts of New York and New Jersey.  urn:newsml:reuters.com:*:nL1N2V027C
    
    LUFTHANSA  LHAG.DE 
    The German airline on Saturday said it will cancel all
flights to Russia and will cease using Russian airspace for the
coming week, citing the "emerging regulatory situation".
 urn:newsml:reuters.com:*:nS8N2T10BS
    Swiss International Air Lines, a unit of Germany's Lufthansa
LHAG.DE, is maintaining regular services to Russia for now, it
said on Sunday as European Union countries began to close their
airspace to Russia in response to Moscow's invasion of Ukraine.
 urn:newsml:reuters.com:*:nL1N2V20GA
    
    BAYER  BAYGn.DE 
    Cinven  CINV.UL  is nearing a deal for Bayer's pest control
business, Bloomberg reported, citing people familiar with the
matter.  urn:newsml:reuters.com:*:nL4N2V20JV
    
    SARTORIUS  SATG.DE 
    The German laboratory supplies vendor has approached Maravai
LifeSciences Holdings Inc  MRVI.O , a U.S. provider of capping
reagents for COVID-19 vaccines, with an $11 billion acquisition
offer, people familiar with the matter said.  urn:newsml:reuters.com:*:nL8N2UZCR6
    
    FLATEXDEGIRO AG  FTKn.DE 
    Full-year results due.
        
    ANALYSTS' VIEWS
    FMC AG  FMEG.DE : CREDIT SUISSE CUTS TARGET PRICE TO EUR 61
FROM EUR 66
    FRESENIUS SE  FREG.DE : CREDIT SUISSE CUTS TARGET PRICE TO
EUR 35 FROM EUR 43
    DEUTSCHE BOERSE AG  DB1Gn.DE : RBC RAISES TARGET PRICE TO
EUR 156 FROM EUR 150
        
    OVERSEAS STOCK MARKETS  
    !RIC {.DJI} is invalid S&P 500 .SPX  +2.2%, Nasdaq  .IXIC 
+1.6% at close.  .N 
    Nikkei  .N225  +0.1%, Shanghai stocks  .SSEC  -0.1%.  .T 
 .SS 
    Time: 5:59 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))