German stocks - Factors to watch on June 2

New Work SE

02/06/2016 06:13

BERLIN/FRANKFURT, June 2 (Reuters) - The following are some 
of the factors that may move German stocks on Thursday: 
     
    ECB 
    Keeping interest rates firmly on hold, the European Central 
Bank will probably raise growth and inflation forecasts on 
Thursday, a rare positive step even as it emphasises persistent 
negative risks and a readiness to provide more stimulus. 
 urn:newsml:reuters.com:*:nL4N18T415 
             
    FED 
    Inflation pressures grew slightly across most of the United 
States from April to mid-May, the Federal Reserve said on 
Wednesday in a report that also pointed to rising labor costs 
for American companies.  urn:newsml:reuters.com:*:nFOM1HEC5K 
     
    ALLIANZ  ALVG.DE  
    American International Group Inc  AIG.N  failed to persuade 
a California judge to dismiss a lawsuit by Pacific Investment 
Management Co that accuses AIG of lying about its subprime 
mortgage exposure prior to the 2008 financial crisis. 
 urn:newsml:reuters.com:*:nL1N18T21S 
     
    AUTOS  BMWG.DE   DAIGn.DE   VOWG_p.DE  
    German car sales data for May expected. 
    Carmakers also reported U.S. deliveries for May. Volkswagen 
deliveries fell 17.2 percent, Audi's rose 1.6 percent, BMW's 
brand fell 6.4 percent, Porsche rose 7.3 percent. 
    Volkswagen is looking at on-demand mobility services such as 
smartphone ride hailing to earn a "notable share" of future 
revenues as the carmaker pushes a strategic shift in the wake of 
its emissions scandal, its top executive said.  urn:newsml:reuters.com:*:nL8N18T1YY 
         
    HENKEL  HNKG_p.DE  
    The consumer goods group may invest in Jyothy Laboratories 
 JYOI.NS , Business Standard reported, citing the Indian 
company's joint managing director and finance chief. 
 urn:newsml:reuters.com:*:nL4N18U1KD 
     
    SIEMENS  SIEGn.DE  
    The company's medical technology division Healthineers, sees 
the biggest growth opportunities in molecular diagnostics, its 
chief Bernd Montag told Handelsblatt daily in an interview. 
     
    AIRBUS  AIRG.DE  
    Norwegian investigators looking into the cause of a fatal 
North Sea helicopter crash have sent a recommendation to 
European air safety authorities about a possible safety issue 
with the model's gearbox.  urn:newsml:reuters.com:*:nL8N18T5R6 
    Norway's Civil Aviation Authority later extended its ban on 
the use of Airbus  AIR.PA  H225 Super Puma Helicopters in Norway 
to include search and rescue missions.  urn:newsml:reuters.com:*:nL8N18U079 
     
    HAPAG-LLOYD  HLAG.DE  
    United Arab Shipping Company (UASC) due to hold 
extraordinary general meeting at which shareholders will vote on 
a proposed merger with Hapag-Lloyd. 
         
    ANNUAL GENERAL MEETINGS 
    NORMA  NOEJ.DE  - 0.90 eur/shr dividend proposed 
    MORPHOSYS  MORG.DE  - no dividend proposed 
    XING  OBCGn.DE  - 2.53 eur/shr dividend proposed 
    SIXT  SIXG.DE  - 1.50 eur/shr dividend proposed 
     
    EX-DIVIDEND  
    SALZGITTER  SZGG.DE  - dividend 0.25 eur/shr 
    CEWE  CWCG.DE  - dividend 1.60 eur/shr 
         
    ANALYSTS' VIEWS  
    DEUTSCHE BANK  DBKGn.DE  - RBC cuts to "sector perform" from 
"outperform", lowers price target to 19 euros from 24 euros 
             
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  unchanged, S&P 500 .SPX  +0.1 pct, Nasdaq 
 .IXIC  +0.1 pct at close.  .N  
    Nikkei  .N225  -1.9 pct, Shanghai stocks  .SSEC  unchanged. 
    Time: 5.13 GMT.  .T   .SS  
     
    GERMAN ECONOMIC DATA 
    German final Markit PMI for May. Services PMI seen unchanged 
at 55.2, composite PMI unchanged at 54.7. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Emma Thomasson and Maria Sheahan) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/FACTORS