German stocks - Factors to watch on June 7

NSK

07/06/2019 05:39

BERLIN/FRANKFURT, June 7 (Reuters) - The following are some
of the factors that may move German stocks on Friday:
    
    DEUTSCHE BANK  DBKGn.DE  
    German prosecutors have extended an investigation into a
tax-stripping scheme, with around 70 current and former
executives of Deutsche Bank now being treated as suspects, the
Sueddeutsche Zeitung reported.  urn:newsml:reuters.com:*:nL8N23D69Y
    
    BMW  BMWG.DE 
    BMW sees no reason to change its plans for Mexico in the
wake of U.S. threats to slap duties on Mexican imports, a board
member of the German carmaker said on Thursday, adding the
company sells cars globally despite tariffs placed by most
countries on imported vehicles.  urn:newsml:reuters.com:*:nL2N23D11F 
    
    Volkswagen  VOWG_p.DE 
    A group of major automakers, including Volkswagen, on
Thursday backed a compromise on vehicle emissions aimed at
heading off a confrontation between California and the Trump
administration over requirements through 2026.  urn:newsml:reuters.com:*:nL2N23D1RP
    Separately, Japan's NSK LTD  6471.T  on Friday said it
agreed with Volkswagen to tie up in steering business.
 urn:newsml:reuters.com:*:nFWN23D0KY
    
    DEUTSCHE BAHN  DBN.UL  
    Deutsche Bahn plans to sell a stake in its logistics arm DB
Schenker to fill an expected funding gap that will be left even
after its planned outright sale of British transport business
rail Arriva  DBAHNA.UL , a source familiar with the matter said.
    
    ANNUAL GENERAL MEETINGS
    Deutsche Pfandbriefbank AG - 1.00 eur/shr dividend proposed
   
        
    EX-DIVIDEND 
    AUMANN  AAGG.DE  - 0.20 euros/shr dividend proposed
    ROCKET INTERNET  RKET.DE  - 0 euros/shr dividend proposed
    GERRESHEIMER  GXIG.DE  - 1.15 euros/shr dividend proposed
    XING  OBCGn.DE  - 5.70 euros/shr dividend proposed


    ANALYSTS' VIEWS 
    SOFTWARE AG  SOWGn.DE : Credit Suisse raises to "neutral"
from "underperform" 
    DEUTSCHE WOHNEN SE  DWNG.DE : Morgan Stanley cuts to
"equal-weight" from "overweight"

        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.7 pct, S&P 500 .SPX  +0.6 pct, Nasdaq
 .IXIC  +0.5 pct at close.  .N 
    Nikkei  .N225  +0.6 pct, Chinese markets closed.  .T   .SS 
    Time: 4:39 GMT. 

    GERMAN ECONOMIC DATA
    German April Industrial Output due at 0600 GMT. Seen -0.4%
m/m
    German April trade data due at 0600 GMT. Exports seen at
-0.9% M/M, Imports at -0.2% M/M. Trade surplus seen at 18.6
billion euros.
    
    EUROPEAN FACTORS TO WATCH  WATCH/EU 
    DIARIES  DE/DIA   WEU/EQUITY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))