German stocks - Factors to watch on April 22

Pfeiffer Vacuum Technology AG

22/04/2020 05:58

BERLIN/FRANKFURT, April 22 (Reuters) - The following are
some of the factors that may move German stocks on Wednesday:
    
    CORONAVIRUS
    Germany's confirmed coronavirus cases increased by 2,237 to
145,694, data from the Robert Koch Institute (RKI) for
infectious diseases showed on Wednesday, marking a second
consecutive day of new infections accelerating. The reported
death toll rose by 281 to 4,879, the tally showed.  urn:newsml:reuters.com:*:nL5N2CA0G5
    
    BANKS  DBKGn.DE   CBKG.DE  
    Europe's banks are expected to have to set aside billions
for potential loan losses as well as take profit hits because of
the coronavirus crisis when they start reporting results over
the next two weeks.  urn:newsml:reuters.com:*:nL8N2C92W6
    
    DEUTSCHE BANK  DBKGn.DE 
    Ten of the world's largest banks, including JPMorgan Chase
 JPM.N  and Bank of America  BAC.N , have been sued for
allegedly conspiring over nearly 14 years to rig prices in the
$9.6 trillion U.S. corporate bond market, costing ordinary
investors billions of dollars. Other defendants include Barclays
 BARC.L , Citigroup  C.N , Credit Suisse  CSGN.S , Deutsche
Bank, Goldman Sachs  GS.N , Morgan Stanley  MS.N , Royal Bank of
Scotland  RBS.L  and Wells Fargo & Co  WFC.N , or their
respective affiliates.
    
    WIRECARD  WDIG.DE  
    Payment companies, like banks, must also stick to strict
measures to identify and prevent money laundering, BaFin
President Felix Hufeld told newspaper Handelsblatt.
    
    AAREAL  ARLG.DE 
    Moody's revised its outlook for the bank to negative.
 urn:newsml:reuters.com:*:nMDY5Z36F2
    
    HANNOVER RE  HNRGn.DE  
    The reinsuer withdrew its 2020 profit forecast, noting that
its investment result, and property and casualty insurance
business may see increased burden from the coronavirus crisis.
 urn:newsml:reuters.com:*:nASN0005JO
       
    MORPHOSYS  MORG.DE 
    Morphosys has appointed Roland Wandeler as chief commercial
officer.
    
    SUEDZUCKER AG  SZUG.DE 
    Preliminary full-year results due.
    
    PFEIFFER VACUUM  PV.DE  
    The company withdrew its 2020 profit guidance.  urn:newsml:reuters.com:*:nFWN2BI1FO
    
    TALANX  TLXGn.DE  
    The insurer withdrew its profit guidance for 2020 but
maintained its dividend proposal.  urn:newsml:reuters.com:*:nASN0005JS
    
    TRATON  8TRA.DE 
    The company reported first-quarter sales revenue of about
5.7 billion euros but said it was impossible to make a
prediction for the ful year.  urn:newsml:reuters.com:*:nFWN2C90Y4
        
    ANALYSTS' VIEWS
    * SIEMENS HEALTHINEERS AG  SHLG.DE : RBC CUTS TARGET PRICE
TO EUR 40 FROM EUR 41
    * SIEMENS AG  SIEGn.DE : CREDIT SUISSE CUTS TARGET PRICE TO
EUR 125 FROM EUR 145
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -2.7%, S&P 500 .SPX  -3.1%, Nasdaq  .IXIC 
-3.5% at close.  .N 
    Nikkei  .N225  -1.6%, Shanghai stocks  .SSEC  -0.2%.  .T 
 .SS 
    Time: 4:58 GMT
    
    GERMAN ECONOMIC DATA
    No major economic data scheduled.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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