German stocks - Factors to watch on August 7

New Work SE

07/08/2017 06:46

FRANKFURT, Aug 7 (Reuters) - The following are some of the 
factors that may move German stocks on Monday: 
     
    CARMAKERS  BMWG.DE   DAIGn.DE   VOWG_p.DE  
    BMW has told its top managers that regulators probing 
reports of collusion among German carmakers will find the 
allegations hard to justify, two sources familiar with the 
matter said.  urn:newsml:reuters.com:*:nL5N1KQ3NW 
    Separately, foreign carmakers should contribute to a 
proposed German fund set up to improve urban transport 
infrastructure, BMW CEO Harald Krueger has told a German 
newspaper, only days after a deal was reached to cut pollution 
and avert a ban on diesel engines.  urn:newsml:reuters.com:*:nL5N1KR0A3 
    In addition, the government of Germany's Lower Saxony, which 
holds a fifth of Volkswagen's voting rights, on Sunday denied a 
newspaper report that its premier softened speeches critical of 
the carmaker in the diesel emissions scandal at the company's 
request.  urn:newsml:reuters.com:*:nL5N1KS0I1 
     
    FRESENIUS MEDICAL CARE  FMEG.DE  
    Fresenius Medical Care has agreed to buy U.S. home dialysis 
device maker NxStage  NXTM.O  for around $2 billion in cash. 
 urn:newsml:reuters.com:*:nASM000DNG  
     
    LINDE  LING.DE  
    The company has set up Linde Intermediate Holding AG, an 
interim holding that could help dominate the German business of 
the entity that will emerge from the proposed merger of Linde 
and Praxair  PX.N , German weekly Welt am Sonntag reported. 
     
    LUFTHANSA  LHAG.DE  
    Airline Lufthansa said on Friday it had changed its flight 
routes to Japan because of North Korean missile tests. 
 urn:newsml:reuters.com:*:nL5N1KQ3W5 
     
    VOLKSWAGEN  VOWG_p.DE  
    Volkswagen AG executive Oliver Schmidt pleaded guilty to 
misleading U.S. regulators and violating clean air laws for his 
involvement in a massive diesel emissions scandal that has cost 
the German automaker as much as $25 billion.  urn:newsml:reuters.com:*:nL1N1KQ0SQ 
    Separately, Volkswagen is looking to loss-making startup 
Tesla  TSLA.O  for inspiration on how to improve its core 
business, the VW brand's chief executive Herbert Diess said in 
an interview published on VW's website. urn:newsml:reuters.com:*:nL5N1KQ5JZ 
     
    CARL ZEISS MEDITEC  AFXG.DE  
    Carl Zeiss Meditec reported a 20 percent rise in operating 
profit for the first nine months of the year and an 8 percent 
increase in sales, driven by strong Chinese demand and its laser 
systems for refractive vision correction.  urn:newsml:reuters.com:*:nFWN1KS01T 
         
    XING  OBCGn.DE   
    Xing signed up a million new members in the first half of 
the year, taking its total membership to 13.2 million. 
 FWN1KS01Y  
         
    ELRINGKLINGER  ZILGn.DE   
    ElringKlinger said first-half EBIT rose 12 percent to 76 
million euros.  urn:newsml:reuters.com:*:nASM000DNG  
     
    HYPOPORT  HYQGn.DE   
    Hypoport said first-half EBIT rose 20 percent to 13 million 
euros.  urn:newsml:reuters.com:*:nFWN1KS03R 
     
    SGL GROUP  SGCG.DE , BMW 
    Germany's SGL Group could acquire BMW's stake in a joint 
venture for the production of carbon fibre, the company's chief 
executive has told a German weekly.  urn:newsml:reuters.com:*:nL5N1KR065 
     
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  +0.3 pct, S&P 500 .SPX  +0.2 pct, Nasdaq 
 .IXIC  +0.2 pct at close.  .N  
    Nikkei  .N225  +0.6 pct, Shanghai stocks  .SSEC  +0.1 pct. 
    Time: 5.46 GMT.  .T   .SS  
     
     
    GERMAN ECONOMIC DATA 
    German June industrial output due at 0600 GMT. Seen +0.3 pct 
m/m. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
($1 = 0.8419 euros) 
 
 (Reporting by Edward Taylor, Christoph Steitz and Georgina 
Prodhan) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/FACTORS