German stocks - Factors to watch on June 23

Pfeiffer Vacuum Technology AG

23/06/2020 05:58

BERLIN/FRANKFURT, June 23 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
    
    CORONAVIRUS
    Coronavirus cases are soaring in several major countries at
the same time, with "worrying increases" in Latin America,
especially Brazil, the World Health Organization said.
 urn:newsml:reuters.com:*:nL8N2DZ2IM
    Germany reported 503 new coronavirus cases and 10 more
deaths on Tuesday.  urn:newsml:reuters.com:*:nL8N2E009I
    
    WIRECARD  WDIG.DE 
    The payments company, which is embroiled in an accounting
scandal, must remedy any grievances, Economy Minister Peter
Altmaier told https://bit.ly/2Vabnc1 t-online.de. "We have to
take tough action where necessary," he said.
    
    DEUTSCHE TELEKOM  DTEGn.DE 
    SoftBank Group unveiled a series of transactions to divest
more than $21 billion worth of stock in T-Mobile US as it seeks
funding for a $41 billion share buyback and debt reduction plan.
 urn:newsml:reuters.com:*:nL4N2DZ4DE
    
    VOLKSWAGEN  VOWG_p.DE 
    Its Mexican unit said about 2% of its workers tested for
coronavirus had contracted the disease at some point,
underlining the challenge faced by automakers in reopening
factories before the pandemic has peaked in Mexico.  urn:newsml:reuters.com:*:nL8N2E003J
    
    BAYER  BAYGn.DE 
    A U.S. federal appeals court blocked California from
requiring that Bayer label its glyphosate-based weed killer
Roundup with a cancer warning, handing the company a victory in
its ongoing litigation over the product.  urn:newsml:reuters.com:*:nL1N2DZ2H2
    
    BMW  BMWG.DE 
    Apple announced a new system that lets users share digital
car keys with friends and family members via the company's
iMessage system, which will work with BMW's new 5 Series
vehicles.  urn:newsml:reuters.com:*:nL1N2DZ1FV
    
    LEG IMMOBILIEN  LEGn.DE 
    The company announced https://bit.ly/3dpkSul it is acquiring
around 7,500 apartments in northern and southwestern Germany.
    
    PROSIEBENSAT.1 MEDIA  PSMGn.DE  
    KKR has raised its stake to 6.6%, the broadcaster said in a
regulatory filing.
    
    COMPUGROUP MEDICAL  COP1n.DE 
    The software company said https://bit.ly/3dwF65y it sold
around 5.3 million shares at 64 euros ($72.08) each in an
accelerated bookbuilding process and generated gross proceeds of
around 341 million euros.
    
    PFEIFFER VACUUM  PV.DE 
    The maker of pumps said it expects a decline in sales and
operating result in the second quarter, citing global economic
conditions.  urn:newsml:reuters.com:*:nEQ216k7ba
    
    KLOECKNER  KCOGn.DE 
    The steelmaker said it expects a positive operating income
in the second quarter as the impact of the coronavirus pandemic
was mitigated more than expected.  urn:newsml:reuters.com:*:nEQ7b0pyDa
    
    RHOEN KLINIKUM  RHKG.DE 
    The hospital group said CEO Stephan Holzinger has resigned.
"In view of the new majority situation and the new direction
that is apparently associated with it, this is the best time for
me to pass on the responsibility," Holzinger said https://bit.ly/2BwAgI9.
 
    
    TUI  TUIGn.DE  
    Bookings are currently at about 25% of normal capacity,
Chief Executive Fritz Joussen told Frankfurter Allgemeine
Zeitung.
    
    PHARMA
    Boehringer Ingelheim, a major shareholder in Hikma
Pharmaceuticals, is exiting the London-listed drugmaker by
selling most of its nearly one billion pound stake to
institutional investors and the rest back to the company, Hikma
said.  urn:newsml:reuters.com:*:nL4N2DZ3OC
    
    
    ANNUAL GENERAL MEETINGS
    ZALANDO  ZALG.DE  - no dividend proposed

        
    ANALYSTS' VIEWS 
    HEIDELBERGCEMENT  HEIG.DE  - Societe Generale raises to
'buy' from 'hold'
        
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.6%, S&P 500 .SPX  +0.6%, Nasdaq  .IXIC 
+1.1% at close.  .N 
    Nikkei  .N225  +1.0%, Shanghai stocks  .SSEC  +0.2%.  .T 
 .SS 
    Time: 4:52 GMT
    
    
    GERMAN ECONOMIC DATA
    * German June flash Markit PMI due at 0730 GMT.
Manufacturing seen at 41.5, services at 42.0, composite at 44.2
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 


($1 = 0.8879 euros)

 (Reporting by Berlin, Frankfurt and Gdansk newsrooms)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))