German stocks - Factors to watch on May 3

New Work SE

03/05/2017 05:56

BERLIN/FRANKFURT, May 3 (Reuters) - The following are some 
of the factors that may move German stocks on Wednesday: 
     
    U.S. FED 
    The U.S. Federal Reserve is expected to hold interest rates 
steady at its meeting this week as it pauses to parse more 
economic data but may hint it is on track for an increase in 
June.  urn:newsml:reuters.com:*:nL1N1HZ1FW 
     
    AUTOS  BMWG.DE  DAIGn.DE  VOWG_p.DE  
    Carmakers published U.S. car sales figures for April. BMW 
reported a 12.2 fall in deliveries, while Mercedes-Benz's car 
sales were down 7.9 percent. Volkswagen's deliveries were up 1.6 
percent.  urn:newsml:reuters.com:*:nFWN1I40VD urn:newsml:reuters.com:*:nFWN1I40V5 
    Separately, German monthly car registration figures due from 
association VDA. 
    Daimler's 400 million euros ($437 million) cost savings plan 
for Trucks is making good progress, executive Martin Daum told 
Frankfurter Allgemeine Zeitung. For margins to improve further, 
efficiency gains need to come two thirds from growth, and one 
third from cuts, Daum told the paper.    
    Also, supplier Prevent said it hopes for a normalisation of 
relations with Volkswagen, according to Handelsblatt. 
     
    DEUTSCHE BANK  DBKGn.DE  
    Chinese conglomerate HNA Group  0521.HK  has raised its 
stake in Deutsche Bank to 9.9 percent, a source close to 
Germany's flagship lender said on Tuesday.  urn:newsml:reuters.com:*:nL4N1I44AT 
     
    E.ON EONGn.DE   
    The German energy company has agreed a cooperation with 
Google to offer the U.S. firm's Sunroof platform to identify 
homes suitable for solar panels, its first move outside of the 
United States, sources tell the Handelsblatt daily. 
     
    FRESENIUS  FREG.DE  
    Q1 results due. Adjusted net income seen up 18 percent at 
422 million euros. Poll:  urn:newsml:reuters.com:*:nL8N1I428V 
     
    FRESENIUS MEDICAL CARE  FMEG.DE  
    Q1 results due. Net income seen up 36 percent at 289 million 
euros. Poll:  urn:newsml:reuters.com:*:nL8N1I060L 
     
    PROSIEBENSAT.1  PSMGn.DE  
    Recent management departures at ProSiebenSat.1 are unrelated 
to each other, Chief Executive Thomas Ebeling told Handelsblatt. 
     
    VOLKSWAGEN  VOWG_p.DE  
    Full Q1 results due. The group published preliminary figures 
on April 18, reporting a 28 percent jump in quarterly operating 
profit, helped by a return to earnings growth at its core VW 
brand.  urn:newsml:reuters.com:*:nL8N1HQ492 
     
    HUGO BOSS  BOSSn.DE  
    Q1 results due. Net profit seen up 19 percent at 45.8 
million euros. Poll:  urn:newsml:reuters.com:*:nL8N1HZ9FK 
     
    JUNGHEINRICH  JUNG_p.DE  
    Q1 results due. EBIT seen up 18 percent at 54.1 million 
euros. Poll:  urn:newsml:reuters.com:*:nL8N1I42I4 
     
    RATIONAL  RAAG.DE  
    Q1 results due. EBIT seen up 17 percent at 37.7 million 
euros. Poll:  urn:newsml:reuters.com:*:nL8N1I4577 
     
    OSRAM  OSRn.DE  
    Q2 results due. The group already published revenue and core 
profit margin figures on Tuesday and hiked its guidance. 
 urn:newsml:reuters.com:*:nL8N1I457G 
    Net profit seen down 30 percent at 55.9 million euros. Poll: 
 urn:newsml:reuters.com:*:nL8N1HZ8OH 
     
    MORPHOSYS  MORG.DE  
    Q1 results due. EBIT loss seen widening to 15 million euros 
from 9.7 million. Poll:  urn:newsml:reuters.com:*:nL8N1I44O4 
     
    QIAGEN  QGEN.DE  
    The genetic testing company confirmed its full-year 2017 
guidance of 6-7 percent currency-adjusted sales growth and 
adjusted earnings per share of $1.25-$1.27 after first-quarter 
adjusted net income rose 6 percent to $47.8 million.  urn:newsml:reuters.com:*:nASA09M7D 
     
    S&T  SANT1.DE  
    The group said it would raise capital by way of contribution 
in kind to its planned Kontron  KBCG.DE  merger.  urn:newsml:reuters.com:*:nFWN1I40SO 
     
    XING  OBCGn.DE  
    Q1 results due. 
     
    GRAMMER  GMMG.DE   
    Commenting on a dispute with investor Hastor, Chief 
executive Hartmut Mueller said he would resign if he was the 
problem, but that he wanted to know what the investor's plan was 
first, according to an interview in Handelsblatt. 
     
    GRENKE  GLJn.DE   
    Q1 results due. Pretax profit seen up 24 percent at 37.7 
million euros. Poll:  urn:newsml:reuters.com:*:nL8N1I45JW 
         
    WASHTEC  WSUG.DE  
    Q1 results due. The group hiked its 2017 guidance on April 
7, citing strong order intake in the previous weeks. 
 urn:newsml:reuters.com:*:nASM000AEF    
     
    ANNUAL GENERAL MEETINGS 
    ALLIANZ  ALVG.DE  - 7.60 eur/shr dividend proposed 
    COMMERZBANK  CBKG.DE  - no dividend proposed 
    COVESTRO  1COV.DE  - 1.35 eur/shr dividend proposed 
    RATIONAL  RAAG.DE  - 10 eur/shr dividend proposed 
    WASHTEC  WSUG.DE  - 2.10 eur/shr dividend proposed 
     
    ANALYSTS' VIEWS  
    NEMETSCHEK  NEKG.DE  - Baader Helvea Bank cuts to "hold" 
from "buy", price target 65 euros 
             
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  +0.2 pct, S&P 500 .SPX  +0.1 pct, Nasdaq 
 .IXIC  +0.1 pct at close.  .N  
    Japanese markets closed, Shanghai stocks  .SSEC  -0.3 pct. 
    Time: 4.56 GMT.  .T   .SS  
     
    GERMAN ECONOMIC DATA 
    German April jobless figures due at 0800 GMT. Seen -12,000 
seasonally adjusted, with the unemployment rate flat at 5.8 pct. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
($1 = 0.9150 euros) 
 
 (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