German stocks - Factors to watch on May 5

Pfeiffer Vacuum Technology AG

05/05/2020 05:38

BERLIN/FRANKFURT, May 5 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
    
    CORONAVIRUS
    Germany's state premiers will agree on measures to further
ease coronavirus restrictions in a teleconference with
Chancellor Angela Merkel scheduled for Wednesday, two people
familiar with the preparations told Reuters.  urn:newsml:reuters.com:*:nL8N2CM7L7
    Germany's extensive bailouts of coronavirus-hit companies
can work as a locomotive for Europe, the EU's competition chief
said amid criticism from other, less wealthy EU countries about
what they see as an unfair edge given to German firms.
 urn:newsml:reuters.com:*:nL8N2CM6JQ
    Global coronavirus deaths rose past a quarter of a million
after infections topped 3.5 million, a Reuters tally of official
government data showed.  urn:newsml:reuters.com:*:nL1N2CM2J6 The number of confirmed
coronavirus cases in Germany rose by 685 to 163,860 while the
number of deaths increased by 139 to 6,831.
     Asian stocks rose, tracking a late Wall Street rally as
governments eased coronavirus lockdowns while oil extended gains
on expectations fuel demand would begin to pick up.  urn:newsml:reuters.com:*:nL4N2CN0CN
    
    
    INFINEON TECHNOLOGIES  IFXGn.DE  
    The chipmaker said that it expects sales to decrease by 5%
in the fiscal year to Sept. 30 due to the impacts of the
coronavirus pandemic, comparing to an original target of a 5%
increase.  urn:newsml:reuters.com:*:nL8N2CM6TW It also announced its financial results
for fiscal Q2.  urn:newsml:reuters.com:*:nL8N2CN0FY
    
    SAP  SAPG.DE 
    The company said it had found that some of its cloud
products did not meet contractually agreed or statutory security
standards but it did not believe customer data had been
compromised as a result. "The expenses related to the
remediation are expected to be covered within the range of SAP's
current 2020 financial outlook," it said.  urn:newsml:reuters.com:*:nEQ4Rh4hNa
    Swedish cloud communications company Sinch  SINCH.ST  said
it would acquire SAP Digital Interconnect (SDI) for 225 million
euros.  urn:newsml:reuters.com:*:nASN0006CR
    
    BEIERSDORF  BEIG.DE  
    Q1 results due
    
    VONOVIA  VNAn.DE  
    Q1 results due
    
    
    DEUTSCHE PFANDBRIEFBANK  PBBG.DE 
    The lender withdrew its 2020 forecast, pointing to the
macroeconomic environment and the real estate market.
 urn:newsml:reuters.com:*:nEQ7ZPWVFa
    
    ALSTRIA OFFICE  AOXG.DE  
    The real estate company confirmed its 2020 guidance for
revenues and operating result but cautioned that adjustments
cannot be ruled out in the course of the year.  urn:newsml:reuters.com:*:nPexnDRKMa
    
    GRENKE  GLJn.DE  
    Q1 results due
    
    HELLOFRESH  HFGG.DE  
    Q1 results due
    
    HUGO BOSS  BOSSn.DE  
    Q1 results due. Earnings poll:  urn:newsml:reuters.com:*:nL8N2CJ0OI
    
    SIEMENS HEALTHINEERS  SHLG.DE  
    Fiscal Q2 results due
    
    
    PFEIFFER VACUUM  PV.DE  
    Q1 results due
    
    
    STRATEC  SBSG.DE 
    The diagnostic company said it is raising its 2020 guidance
for sales growth. "In connection with the COVID-19 pandemic,
STRATEC is currently observing significantly positive and
slightly negative effects in terms of customer orders and order
forecasts," it added.  urn:newsml:reuters.com:*:nEQ8JL8LXa
    
    HAMBORNER REIT  HABG.DE  
    Q1 results due
    
    LPKF  LPKG.DE  
    Q1 results due  
    
    
    ANNUAL GENERAL MEETINGS
    DEUTSCHE LUFTHANSA  LHAG.DE  - no dividend proposed
    FUCHS PETROLUB  FPEG_p.DE  - 0.97 eur/shr dividend proposed
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.1%, S&P 500 .SPX  +0.4%, Nasdaq  .IXIC 
+1.2% at close.  .N 
    Japanese markets closed, Chinese markets closed.  .T   .SS 
    Time: 4:38 GMT
    
    
    ECONOMY
    * No major German economic data scheduled
    * Germany's Constitutional Court will rule on the legality
of the European Central Bank's bond purchases, settling an
existential challenge to a scheme credited with keeping the euro
zone afloat during crises including the coronavirus pandemic.
 urn:newsml:reuters.com:*:nL8N2CM4UU
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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