German stocks - Factors to watch on Nov. 12
12/11/2018 05:48
BERLIN/FRANKFURT, Nov 12 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
GERMAN POLITICS
German Interior Minister Horst Seehofer, a critic of
Chancellor Angela Merkel's liberal asylum policies, has told
members of his Bavarian conservative party that he wants to
resign as party chief, party sources told Reuters on Sunday.
urn:newsml:reuters.com:*:nL8N1XM18Q
BAYER BAYGn.DE
The head of the crop science division, Liam Condon, told the
online edition of Berlin daily Tagesspiegel he was confident the
stock price would recover. He said the company's negative
reputation in countries like Germany and France was not shared
in many of the over 100 countries the company operates in.
DEUTSCHE POST DPWGn.DE
Chief executive Frank Appel told daily Bild in its Monday
edition he hoped to be able to raise postage prices in the first
quarter of 2019, although the regulator Bundesnetzagentur
recently initially blocked the proposed move.
E.ON EONGn.DE , RWE RWEG.DE
Talks about a utility carve up between RWE and E.ON
involving breaking up RWE subsidiary Innogy are dragging on, an
E.ON spokeswoman told the Rheinische Post on Saturday. She said
the planned move, to be completed by mid-2019, would soon be
officially filed to the European antitrust authorities. At the
moment, the companies were still in preparatory talks with the
EU Commission. They had not decided about job cuts and sites.
Separately, E.ON added 75,000 retail electricity and gas
customers since the beginning of 2018 in a strategy to attract
more households to also buy additional services, Victoria
Ossadnik, head of Munich-based sales firm E.ON Energie
Deutschland told Focus magazine.
INFINEON IFXGn.DE
Fiscal Q4 results due. Operating profit seen up 26 percent.
Poll: urn:newsml:reuters.com:*:nL8N1XJ8K7 Conference call due at 0830 GMT, press
conference at 1000 GMT.
The company opened a 1.6 billion euros chip factory for
power electronics in Austria on Saturday, a major investment in
production in Europe.
SAP SAPG.DE
Germany's SAP said on Sunday it was buying Qualtrics
International Inc for $8 billion in cash, pre-empting a planned
stock market listing by the U.S.-based company that specialises
in surveying consumers online. urn:newsml:reuters.com:*:nL8N1XM1HV
SIEMENS SIEGn.DE
Thailand's Charoen Pokphand Group (CP Group) and 12 of its
business allies including Siemens have formed a consortium to
bid on Monday for a $6.8 billion high-speed railway project that
will link three main airports in the country, its executive
said. urn:newsml:reuters.com:*:nL4N1XN1XW
VOLKSWAGEN VOWG_p.DE
Volkswagen wants to cut investment costs in production
plants by 30 percent and increase productivity by 30 percent in
nearly all its group brands by 2025, executive board member
Oliver Blume said in the weekly Automobilwoche. The production
strategy was recently approved by a top managers' meeting in
Berlin.
LANXESS LXSG.DE
Q3 results due. Adjusted EBITDA seen down 22 percent at 271
million euros. Poll: urn:newsml:reuters.com:*:nL8N1XK5A2
PROSIEBENSAT.1 MEDIA PSMGn.DE
Max Conze, the chief executive of ailing German broadcaster
ProSiebenSat.1, has bought 1 million euros ($1.13 million) of
company stock after vowing to go "all in" with his own money to
back a strategy overhaul. urn:newsml:reuters.com:*:nL8N1XK6SA
TALANX TLXGn.DE
Q3 results due. Net profit seen unchanged. Poll:
urn:newsml:reuters.com:*:nL8N1XK3PI
CANCOM COKG.DE
Q3 results due. The company published key figures on Oct 29.
urn:newsml:reuters.com:*:nEQ290VrDa
DEUTSCHE BAHN DBN.UL
The state rail operator is lobbying the government for a 4.9
billion euro investment to reduce train delays and cancellations
dampening passenger satisfaction, the Bild newspaper reported on
Sunday. urn:newsml:reuters.com:*:nL8N1XM0N9
SGL CARBON SGCG.DE
The carbon specialist upholds its turnover target of 1.3
billion euros for 2022, having raised its 2018 target to 1
billion euros recently, Juergen Koehler said in an interview
with the Euro am Sonntag weekly.
VTG VT9G.DE
Heiko Fischer, head of the rail logistics company, and
chief finance officer Kai Kleeberg each sold their shares in the
company to infrastructure funds of Morgan Stanley MS.N which
is about to take over VTG, the firm said in a mandatory
publication.
ENBW EBKG.DE
Q3 results due.
Also, the majority public sector-owned company's value has
risen to just under 4.2 billion euros, accounts of 46.75-percent
shareholder Neckarpri showed according to daily Stuttgarter
Nachrichten on Saturday. Incomes have been negative this year
but rising electricity prices provide a better perspective.
IPOs
Deutsche Familienversicherung said in a statement it will
delay its planned public listing beyond 2018, citing adverse
market conditions.
OVERSEAS STOCK MARKETS
Dow Jones .DJI -0.8 pct, S&P 500 .SPX -0.9 pct, Nasdaq
.IXIC -1.7 pct at close. .N
Nikkei .N225 +0.1 pct, Shanghai stocks .SSEC +0.9 pct.
.T .SS
Time: 5:48 GMT.
GERMAN ECONOMIC DATA
No economic data scheduled.
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Berlin Speed Desk, Douglas Busvine, Vera Eckert,
Chris Steitz)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))