German stocks - Factors to watch on August 20
20/08/2020 06:12
BERLIN/FRANKFURT, Aug 20(Reuters) - The following are some
of the factors that may move German stocks on Thursday:
CORONAVIRUS
The number of confirmed coronavirus cases in Germany
increased by 1,707 to 228,621, data from the Robert Koch
Institute (RKI) for infectious diseases showed on Wednesday. The
reported death toll rose by 10 to 9,253, the tally showed.
urn:newsml:reuters.com:*:nL8N2FM08V
RWE RWEG.DE
Germany's largest power producer, RWE, plans to spend part
of its 7 billion euro ($8.29 billion) war chest on growing its
24.7 gigawatt pipeline of renewables projects, its CFO said,
just weeks after BP BP.L announced a major low-carbon push.
urn:newsml:reuters.com:*:nL8N2FL3L0
DELIVERY HERO DHER.DE
Exchange operator Deutsche Boerse will include Delivery Hero
in the DAX index of Germany's leading blue-chip stocks, the
online takeaway food group said on Wednesday. It replaces
Wirecard WDIG.DE , the payments company that folded after an
accounting scandal. urn:newsml:reuters.com:*:nFWN2FL0DF urn:newsml:reuters.com:*:nL8N2FE6NS
LUFTHANSA LHAG.DE
The management board of Lufthansa unit Austrian Airlines
said on Wednesday they would hand back their recent bonuses
after Austria's finance minister said the payments were
"unacceptable" for a company that is being bailed out.
urn:newsml:reuters.com:*:nL8N2FL5IH
TAG IMMOBILIEN TEGG.DE
The real estate firm confirmed its guidance for 2020 and
said raising it during the course of the year was a possibility.
The company also said it was launching a new convertible bond
offering. urn:newsml:reuters.com:*:nASN000B0V urn:newsml:reuters.com:*:nASN000B0X
ANALYSTS' VIEWS
* FRAPORT FRAG.DE : CREDIT SUISSE RAISES TARGET PRICE TO
EUR 30 FROM EUR 26
* WACKER CHEMIE AG WCHG.DE : BAADER HELVEA RAISES TARGET
PRICE TO EUR 92 FROM EUR 80; DOWNGRADES TO ADD FROM BUY
* LANXESS AG LXSG.DE : BAADER HELVEA RAISES TARGET PRICE TO
EUR 55 FROM EUR 46; DOWNGRADES TO ADD FROM BUY
* NORMA GROUP SE NOEJ.DE : BAADER HELVEA RAISES TARGET
PRICE TO EUR 35 FROM EUR 28
OVERSEAS STOCK MARKETS
Dow Jones .DJI -0.3%, S&P 500 .SPX -0.4%, Nasdaq .IXIC
-0.6% at close. .N
Nikkei .N225 -1%, Shanghai stocks .SSEC -1.1%. .T
.SS
Time: 5:12 GMT
GERMAN ECONOMIC DATA
German July producer prices due at 0600 GMT. Seen +0.1% m/m,
-1.8 y/y.
DIARIES DE/DIARY
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($1 = 0.8441 euros)
(Reporting by Berlin, Frankfurt and Gdansk newsrooms)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))