German stocks - Factors to watch on June 22

Nikon SLM Solutions AG

22/06/2018 06:05

FRANKFURT/BERLIN, June 22 (Reuters) - The following are some
of the factors that may move German stocks on Friday.
 urn:newsml:reuters.com:*:nL8N1TN3XA
    
    AUTOS
    An increasingly shrill exchange of words between the United
States and China that is threatening to trigger a global trade
war has claimed another victim - Germany's auto sector.
    Luxury carmakers Daimler  DAIGn.DE  and BMW  BMWG.DE  joined
American farmers and Chinese solar panel and steel makers among
the first casualties in what looks set to become a bitter trade
war on a global scale of a kind not seen since the 1930s.
 urn:newsml:reuters.com:*:nL4N1TN55Y
    
    BEIERSDORF  BEIG.DE 
    Consumer goods group Beiersdorf, the maker of Nivea skin
creams, said its Chief Executive Stefan Heidenreich would step
down in the second board resignation this year in news that sent
the company's shares sharply lower.  urn:newsml:reuters.com:*:nL8N1TN2T7

    DEUTSCHE BANK  DBKGn.DE 
    The credit ratings agency Fitch on Thursday revised its
outlook for Deutsche Bank to negative from stable amid concern's
about the bank's restructuring and strategy, the latest blow to
the German lender's reputation.  urn:newsml:reuters.com:*:nL8N1TN6JB
    
    DEUTSCHE BOERSE  DB1Gn.DE 
    Britain may bend the rules to defend London's standing as an
investment hub after leaving the European Union, the head of the
company that runs the Frankfurt Stock Exchange warned, raising
the stakes in a duel for post-Brexit financial supremacy.
 urn:newsml:reuters.com:*:nL4N1TN53I
    
    DEUTSCHE TELEKOM  DTEGn.DE 
    T-Systems, the lossmaking IT services arm of Germany's
Deutsche Telekom, plans to cut 10,000 jobs in a three-year drive
to return to profitability, recently appointed CEO Adel Al-Saleh
told staff.  urn:newsml:reuters.com:*:nL8N1TN5DE
    
    SAP  SAPG.DE 
    SAP SE aims to double the size of its sales and marketing
software business within two years, its top salesman told
Reuters, throwing down the gauntlet to market leader Salesforce
 CRM.N .  urn:newsml:reuters.com:*:nL8N1TN38C
    
    SIEMENS  SIEGn.DE 
    German engineering group Siemens plans to trim the number of
its industrial divisions to try to increase profitability, a
person familiar with the matter said.  urn:newsml:reuters.com:*:nL8N1TN2AR
    
    THYSSENKRUPP  TKAG.DE 
    Thyssenkrupp workers and a group representing some of the
steelmaker's investors offered its chief executive more time to
finalise a planned joint venture deal with Tata Steel  TISC.NS 
on Thursday.  urn:newsml:reuters.com:*:nL8N1TN3F8
    
    VOLKSWAGEN  VOWG_p.DE 
    Proceeds of more than 6 billion euros ($6.9 bln) would flow
to parent Volkswagen AG if it decides to list its truck and bus
subsidiary, the division's chief executive told Manager Magazin
as he set out the company's ambitions.  urn:newsml:reuters.com:*:nL8N1TN2UW
    
    DEUTSCHE BETEILIGUNGS AG  DBANn.DE 
    Deutsche Beteiligungs AG says BaFin to assess breach of
accounting rules for its full-year 2014/2015 financial
statement. urn:newsml:reuters.com:*:nASM000KZZ
    
    HORNBACH HOLDING  HBH.DE 
    Q1 results due.        
    
    ANNUAL GENERAL MEETINGS
    SLM SOLUTIONS  AM3D.DE  - no dividend proposed
            
    EX-DIVIDEND 
    DEUTSCHE PFANDBRIEFBANK  PBBG.DE  - 1.07 eur/shr dividend
    SCOUT24  G24n.DE  - 0.56 eur/shr dividend 
    SIXT  SIXG.DE  - 4.00 eur/shr dividend 
    WIRECARD  WDIG.DE  - 0.18 eur/shr dividend 
    
    ANALYSTS' VIEWS
    DAIMLER  DAIGn.DE  - Barclays cuts target price to EUR 73 to
EUR 75
    BMW  BMWG.DE  - Barclays cuts target price to EUR 115 from
EUR 116
           
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.8 pct, S&P 500 .SPX  -0.6 pct, Nasdaq
 .IXIC  -0.9 pct at close.  .N 
    Nikkei  .N225  -0.9 pct, Shanghai stocks  .SSEC  +0.3 pct.
    Time: 5.05 GMT.  .T   .SS 
    
    
    GERMAN ECONOMIC DATA
    German June flash PMI due at 0830 GMT. Manufacturing PMI
seen at 56.2 points vs 56.9, Services PMI unchanged at 52.1,
Composite PMI at 53.4.
        
    EUROPEAN FACTORS TO WATCH  WATCH/EU 
    DIARIES  DE/DIA   WEU/EQUITY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Douglas Busvine and Caroline Copley)
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))