German stocks - Factors to watch on April 30

RTL SA

30/04/2020 05:25

BERLIN/FRANKFURT, April 30 (Reuters) - The following are
some of the factors that may move German stocks on Thursday:
    
    CORONAVIRUS
    Just weeks after unveiling a massive stimulus scheme in a
late-night shock-and-awe move, the European Central Bank is
under pressure to deploy even more firepower to prop up an
economy that could shrink by a tenth this year.  urn:newsml:reuters.com:*:nL8N2CH5BQ
     The top U.S. infectious disease official said Gilead's
experimental antiviral drug remdesivir will become the standard
of care for COVID-19 after early clinical trial results showed
it helped patients recover more quickly from the illness caused
by the coronavirus.  urn:newsml:reuters.com:*:nL4N2CH1FK
    Asian stocks rose to a fresh seven-week high, lifted by the
results from the COVID-19 treatment trial, though bonds and
currencies held cautious ranges ahead of a ECB meeting.
 urn:newsml:reuters.com:*:nL4N2CI11W
    The number of confirmed coronavirus cases in Germany has
risen by 1,478 to 159,119, data from the Robert Koch Institute
showed. According to the tally, 6,288 people have died of the
disease, a rise of 173.
    
    
    HENKEL  HNKG_p.DE  
    The company and U.S. buyout fund KKR  KKR.N  are holding off
bidding for a portfolio of beauty brands that Coty  COTY.N  is
trying to sell as they fret over the fallout of the coronavirus
pandemic, four sources told Reuters.  urn:newsml:reuters.com:*:nL5N2CH4EU
    
    DEUTSCHE BOERSE  DB1Gn.DE  
    The exchange operator Deutsche Boerse posted a 33% rise in
first-quarter net profit, in line with expectations, and left
its guidance for the year unchanged.  urn:newsml:reuters.com:*:nL8N2CH6TV
    
    BASF  BASFn.DE 
    The chemicals group said it was withdrawing its outlook for
2020 as it was impossible to estimate the length and further
spread of the coronavirus pandemic but it still proposed an
unchanged dividend for 2019 of 3.30 euros per share.
 urn:newsml:reuters.com:*:nL8N2CH787
    Additionally, Q1 results due. EBIT seen at 1.61 billion
euros. Poll:  urn:newsml:reuters.com:*:nL5N2CG0PW
    
    LUFTHANSA  LHAG.DE 
    Austria might demand a stake in Lufthansa in exchange for
granting emergency aid to the German flag carrier's unit
Austrian Airlines, the country's conservative chancellor,
Sebastian Kurz, said.  urn:newsml:reuters.com:*:nL8N2CH840
    
    BANKING
    The chief executive of Deutsche Bank  DBKGn.DE  does not
expect German banks will need to be bailed out because of the
coronavirus pandemic like they were during the financial crisis,
he said.  urn:newsml:reuters.com:*:nL8N2CH79Q
    
    VOLKSWAGEN  VOWG_p.DE 
    The company said it is indefinitely delaying the resumption
of production at its Tennessee assembly plant that had been set
to restart on May 3.  urn:newsml:reuters.com:*:nL1N2CH2A5
    Global automakers seeking emergency financing for their
plants in Brazil have reached an impasse with several state and
private banks, after the lenders demanded collateral from the
parent companies, two sources told Reuters.  urn:newsml:reuters.com:*:nL1N2CH2A7
    Additionally, Audi  NSUG.DE  Q1 results due
    
    WIRECARD  WDIG.DE  
    The company, which has seen its shares slump after a special
audit was unable to verify its financial statements, has
nominated Hauke Stars to succeed Susana Quintana-Plaza on the
supervisory board, Handelsblatt reported. Stars was previously a
member of the management board of Deutsche Boerse.
    
    MTU AERO ENGINES  MTXGn.DE 
    Q1 results due. Net profit seen at 123 million euros. Poll:
 urn:newsml:reuters.com:*:nL5N2CG1KZ
    
    
    FUCHS PETROLUB  FPEG_p.DE 
    Q1 results due
    
    NEMETSCHEK  NEKG.DE 
    Q1 results due
    
    RTL  RRTL.DE 
    Q1 results due
    
    
    AIXTRON  AIXGn.DE 
    Q1 results due
    
    
    CECONOMY  CECG.DE  
    Ceconomy has secured a government-backed loan of 1.7 billion
euros to mitigate the impact of the coronavirus on its business
following forced shop closures, the consumer electronics
retailer said.  urn:newsml:reuters.com:*:nL8N2CH7AL
    
    BEFESA  BFSA.DE 
    The company announced it will propose a dividend of 0.44
euros per share equal to 15 million euros for distribution in
July and will review an additional distribution in November once
it has better visibility on the impact of the coronavirus
impact.  urn:newsml:reuters.com:*:nEQchbRdTa
    Additionally, Q1 results due
    
    DIC ASSET  DICn.DE 
    Q1 results due
    
    SNP SCHNEIDER  SHFG.DE 
    Q1 results due
    
    TAKKT  TTKG.DE 
    Q1 results due
    
    VOSSLOH  VOSG.DE 
    Q1 results due
    
    WACKER CHEMIE  WCHG.DE 
    Q1 results due
    
        
    EX-DIVIDEND 
    MUNICH RE  MUVGn.DE  - 9.80 eur/shr dividend
    BEIERSDORF  BEIG.DE  - 0.70 eur/shr dividend

        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +2.2%, S&P 500 .SPX  +2.7%, Nasdaq  .IXIC 
+3.6% at close.  .N 
    Nikkei  .N225  +2.9%, Shanghai stocks  .SSEC  +1.3%.  .T 
 .SS 
    Time: 4:25 GMT
    
    
    ECONOMY
    * German April unemployment data due at 0755 GMT. Rate seen
at 5.2%, total number at 2.47 million
    * German March retail sales due at 0600 GMT. Seen -7.3% m/m
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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