German stocks - Factors to watch on May 11
11/05/2018 06:11
FRANKFURT, May 11 (Reuters) - The following are some of the
factors that may move German stocks on Friday:
U.S./IRAN
Having returned from North Korea on Thursday, Secretary of
State Mike Pompeo will begin talks in coming days to persuade
allies in Europe, the Middle East and Asia to press Iran to
return to negotiations over its nuclear and missile programs,
U.S. officials said. urn:newsml:reuters.com:*:nL1N1SH2DR
ADIDAS ADSGn.DE
A U.S. appeals court on Thursday said Adidas AG can protect
its famous Stan Smith tennis shoe against an alleged Skechers
USA Inc SKX.N knockoff, but that Skechers could sell another
shoe mimicking Adidas' familiar "three-stripe" design.
urn:newsml:reuters.com:*:nL1N1SH20R
E.ON EONGn.DE , RWE RWEG.DE , INNOGY IGY.DE
The management and supervisory boards of German energy group
Innogy refrained from giving a recommendation to its minority
shareholders on a pending takeover offer from rival E.ON, Innogy
said in a statement. urn:newsml:reuters.com:*:nL8N1SH5OR
Separately, the management of E.ON, RWE and Innogy is due to
meet with trade unions on Friday to discuss the deal's impact on
jobs, with labour sources saying that a basic framework
agreement could be reached. urn:newsml:reuters.com:*:nL8N1SG6I5
FRESENIUS FREG.DE
The group would not take a long-term financial hit if a U.S.
court forced it to go through with the acquisition of Akorn
AKRX.O at the originally agreed price, Frankfurter Allgemeine
Zeitung cited a spokesman for Fresenius as saying.
HENKEL HNKG_p.DE
The group agreed to buy Canadian laundry and home care
products maker JemPak Corp from Acasta Enterprises Inc AEF.TO
for 118 million Canadian dollars ($92.45 million) on a cash and
debt free basis. urn:newsml:reuters.com:*:nBw1WK3Lka
LUFTHANSA LHAG.DE
Monthly traffic figures due at 1100 GMT.
THYSSENKRUPP TKAG.DE
Thyssenkrupp plans to make smaller acquisitions to expand
its elevators business, management board member Andreas
Schierenbeck told WirtschaftsWoche in an interview.
VOLKSWAGEN VOWG_p.DE
German Transport Minister Andreas Scheuer urged former
Volkswagen CEO Martin Winterkorn to help clear up the Dieselgate
affair. Speaking to Handelsblatt, he however ruled out the
imposition of tough sanctions against auto makers found to have
manipulated emissions tests.
OSRAM OSRn.DE
Q2 financial report due. The group already published
preliminary results on May 3.
TALANX TLXGn.DE
Q1 results due. Net profit seen down 5 percent at 227
million euros. Poll: urn:newsml:reuters.com:*:nL8N1SF6ZP
ZALANDO ZALG.DE
Zalando said it would launch a 50 million euro ($59 million)
share buyback to cover its management stock option programmes.
urn:newsml:reuters.com:*:nASO0004NF
STEINHOFF SNHG.DE
South African retailer Steinhoff SNHJ.J said that an
investigation by auditors PwC has found that the overstatement
of its profits may result in additional material impairments,
sending its shares more than 13 percent lower. urn:newsml:reuters.com:*:nL8N1SH5W5
NFON NFN.DE
Shares in NFON due to start trading on the Frankfurt stock
exchange. The issue price was set at 12 euros per share.
ANALYSTS' VIEWS
UNIPER UN01.DE - HSBC cuts to "reduce" from "hold", cuts
price target to 24 euros from 25 euros
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.8 pct, S&P 500 .SPX +0.9 pct, Nasdaq
.IXIC +0.9 pct at close. .N
Nikkei .N225 +1.0 pct, Shanghai stocks .SSEC -0.1 pct.
Time: 5.11 GMT. .T .SS
GERMAN ECONOMIC DATA
No economic data scheduled.
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
($1 = 1.2763 Canadian dollars)
(Reporting by Douglas Busvine and Maria Sheahan)
((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))