German stocks - Factors to watch on April 20
20/04/2020 06:19
BERLIN/FRANKFURT, April 20(Reuters) - The following are some
of the factors that may move German stocks on Monday:
CORONAVIRUS
The reopening of businesses must be slow to avoid a new wave
of infections, Rheinische Post on Saturday quoted Achim Truger,
member of Germany's Council of Economic Experts as saying.
Finance minister Olaf Scholz said in Sunday paper Welt am
Sonntag (WamS) new debt could probably be avoided if the economy
picks up in the second half of 2020. urn:newsml:reuters.com:*:nL8N2C60H8
Politicians are in discussions over support for the hotel
industry and the size of short-time workers' pay. urn:newsml:reuters.com:*:nL8N2C70B4
Some regional courts have thrown out suits filed by
department store chain Galeria Karstadt Kaufhof against its
ongoing closure orders in the crisis. Others are still due to
decide.
German property prices could be falling, WamS wrote, citing
figures from research institute IW.
North-Rhine Westphalia prime minister Armin Lasched said in
Handelsblatt's Monday edition he was preparing aid to carmakers.
The topic will be discussed at a meeting with Merkel on May 5.
Health minister Jens Spahn said he would spend more on
health authorities' personnel and digital equipment. He told
public sector broadcaster ZDF on Sunday new daily infections
must be kept below the current level of around 3,000-4,000.
Mobile tracing apps will take another few weeks to arrive in
May.
DAIMLER DAIGn.DE
The Mercedes-Benz factory in Alabama will resume operations
on April 27, the carmaker said. urn:newsml:reuters.com:*:nFWN2C5161
Chief executive Ola Kaellenius wrote in a guest commentary
in Frankfurter Allgemeine Sonntagszeitung the company would
emphasise more carbon neutrality technologies, even if they cost
more, once it evolved out of the coronavirus-related output
stoppages, but policymakers also had to support the push to
e-mobility.
RWE RWEG.DE
The utility has put its stakes in the 1 bln pound UK Humber
offshore wind farm up for sale and is working with Morgan
Stanley to prepare an auction, the Telegraph reported on Monday.
CECONOMY CECG.DE
Ceconomy said it will apply for state-backed loans, suspend
rental payments, and put employees on short-time working after
the corona pandemic pushed it into an operating loss in the
fiscal second quarter. urn:newsml:reuters.com:*:nL8N2C55CU
FRAPORT FRAG.DE
Chief executive Stefan Schulte said in an interview with FAZ
on Saturday that most airplanes at Frankfurt airport are likely
to remain grounded in May, but there are hopes for a pick-up in
the summer season. While the shutdowns will cause severe losses,
the company is holding on to long-term plans for new Terminal 3.
SIEMENS SIEGn.DE
Chief executive Joe Kaeser said cutting top managers pay in
the coronavirus crisis would only help shareholders. Siemens
executives were instead paying into a fund to support health
systems worldwide, he told RedaktionsNetzwerk Deutschland (RND)
on Monday. He also said there should be protection against the
takeover of critically important health companies by foreign
rivals.
UNIPER UN01.DE
The utility appointed new directors following the
resignation of a raft of supervisory board members earlier this
month, after Finland's Fortum FORTUM.HE secured a 69.6% stake
in the German energy group. urn:newsml:reuters.com:*:nL8N2C55KI
RHOEN KLINIKUM RHKG.DE
Rhoen Klinikum shareholder Braun has called for an
extraordinary shareholder meeting in connection with the planned
takeover by unlisted Asklepios, Rhoen said in a filing on
Saturday. This could lengthen Rhoen's acceptance period. An
Asklepios spokesman told Reuters Braun also wanted a higher
advance dividend pay-out.
OVERSEAS STOCK MARKETS
Dow Jones .DJI +3.0%, S&P 500 .SPX +2.7%, Nasdaq .IXIC
+1.4% at close. .N
Nikkei .N225 -1%, Shanghai stocks .SSEC +0.3%. .T
.SS
Time: 5:19 GMT
GERMAN ECONOMIC DATA
German March producer prices due at 0600 GMT. Seen -0.7%
m/m, -0.8% y/y
DIARIES DE/DIARY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Berlin Speed Desk and Frankfurt Newsroom)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))