German stocks - Factors to watch on February 23

Multitude AG

23/02/2016 05:55

FRANKFURT, Feb 23 (Reuters) - The following are some of the 
factors that may move German stocks on Tuesday: 
     
    THYSSENKRUPP  TKAG.DE   
    Moody's on Monday downgraded Thyssenkrupp AG's corporate 
family rating (CFR) and probability of default rating (PDR) to 
Ba2 and Ba2-PD from Ba1 and Ba1-PD, saying it expected the 
steelmaker's 2016 profitability would be weaker than expected. 
 urn:newsml:reuters.com:*:nMDY6JKmv9 
     
    COVESTRO  1COV.DE   
    Q4 results due. 
     
    STROEER  SAXG.DE   
    Q4 results due. The outdoor advertising group already said 
last month its 2015 operating EBITDA came to slightly more than 
200 million euros ($221 million), beating its own forecast. 
 urn:newsml:reuters.com:*:nFWN14Y01O 
     
    AIXTRON  AIXGn.DE   
    Q4 results due. EBIT loss seen narrowing to 4.1 million 
euros from 18.9 million a year earlier. Poll:  urn:newsml:reuters.com:*:nL8N15Y35R 
     
    HAPAG-LLOYD  HLAG.DE  
    Q4 results due. 
     
    TOM TAILOR  TTIGn.DE  
    The fashion retailer plans to close up to 100 of its 1,500 
stores and cut 100 administrative jobs as it seeks to cut costs, 
CEO Dieter Holzer was quoted as saying in an interview with 
Handelsblatt.  
     
    AIR BERLIN  AB1.DE   
    The airline's largest shareholder Etihad is considering 
delisting the loss-making carrier although no decision has been 
taken, Handelsblatt reported, citing sources.  
        
    ANALYSTS' VIEWS  
    FERRATUM  FRU.DE  - Berenberg starts with "buy", 31.50 euro 
target price 
             
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  +1.4 pct, S&P 500 .SPX  +1.5 pct, Nasdaq 
 .IXIC  +1.5 pct at close.  .N  
    Nikkei  .N225  -0.4 pct, Shanghai stocks  .SSEC  -1.3 pct. 
    Time: 5.55 GMT.  .T   .SS  
         
    GERMAN ECONOMIC DATA 
    German detailed GDP due at 0700 GMT. Seen +0.3 pct q/q, +2.1 
pct y/y. 
    Also, Ifo index for February due at 0900 GMT. Business 
climate seen falling to 106.7 vs 107.3, Current Conditions seen 
at 112.0 vs 112.5, Expectations seen at 101.6 vs 102.4. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
($1 = 0.9045 euros) 
 
 (Reporting by Victoria Bryan and Maria Sheahan) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/FACTORS