German stocks - Factors to watch on March 2

Sixt SE

02/03/2022 06:05

BERLIN/FRANKFURT, March 2 (Reuters) - The following are some
of the factors that may move German stocks on Wednesday:
    
    UKRAINE
    Russia said on Tuesday it was placing temporary restrictions
on foreigners seeking to exit Russia assets, as it tried to stem
an investor retreat driven by crippling Western sanctions
imposed over the invasion of Ukraine.  urn:newsml:reuters.com:*:nL4N2V42YE
    The United States will follow the European Union and Canada
in banning Russian flights from its airspace, President Joe
Biden said on Tuesday evening, in a move likely to trigger
Russian retaliation.  urn:newsml:reuters.com:*:nL1N2V40HF
    Some of America's best-known companies including Apple,
Google, Ford, Harley-Davidson and Exxon Mobil rebuked and
rejected Russia for its invasion of Ukraine, under steady
pressure from investors and consumers decrying the violence.
 urn:newsml:reuters.com:*:nL1N2V500D   
    
    VOLKSWAGEN  VOWG_p.DE 
    The freighter with thousands of cars from the VW group that
caught fire in the Atlantic off the Azores has sunk as water got
into the ship during a towing attempt. Volkswagen confirmed the
loss of the ship and the cargo.  urn:newsml:reuters.com:*:nL8N2V4760
    
    SHOP APOTHEKE EUROPE NV  SAEG.DE 
    Shop Apotheke reports 9.5% rise in 2021 group sales
 urn:newsml:reuters.com:*:nL8N2V50RP

    BMW  BMWG.DE 
    The German carmaker BMW BMWG.DE said on Tuesday it had
halted the export of cars to Russia and would stop production on
the ground there.  urn:newsml:reuters.com:*:nL1N2V42G6
    
    BASF  BASFn.DE 
    BASF said it would donate 1 million euro in emergency
humanitarian aid to Ukraine.  urn:newsml:reuters.com:*:nFWN2V41ID
    
    RHEINMETALL  RHMG.DE , THYSSENKRUPP  TKAG.DE , HENSOLDT
 HAGG.DE 
    Leading German armaments companies will increase their
production in the short term and to expand it in the long term
in view of the additional expenditure planned by the government,
"Frankfurter Allgemeine Zeitung" reported on Tuesday.
 urn:newsml:reuters.com:*:nL8N2V485S

    VOLKSWAGEN  VOWG_p.DE 
    A consortium that includes Volkswagen that has made a bid to
take over Europcar EUCAR.PA for 2.9 billion euros ($3.22
billion) said on Tuesday the deal was on track for the second
quarter rather than the first.  urn:newsml:reuters.com:*:nL1N2V42EC
    
    SIXT SE  SIXG.DE 
    Sixt reported preliminary full-year earnings before taxes in
the upper part of the forecast range of EUR 390 to 450 million
and Sixt said it would pay dividend of EUR 3.70 per ordinary
share and EUR 3.72 per non-voting preference share  SIXG_p.DE .
 urn:newsml:reuters.com:*:nL8N2V47KX

    ANALYSTS' VIEWS 
    BAYER AG  BAYGn.DE : CREDIT SUISSE RAISES TARGET PRICE TO
EUR 56 FROM EUR 46
    COVESTRO AG  1COV.DE : CREDIT SUISSE CUTS TARGET PRICE TO
EUR 53 FROM EUR 58
    SCOUT24 SE  G24n.DE : JP MORGAN RAISES TARGET PRICE TO EUR
68 FROM EUR 67
    SCOUT24 SE: CREDIT SUISSE CUTS TARGET PRICE TO EUR 61 FROM
EUR 67
    ZALANDO SE  ZALG.DE : JP MORGAN CUTS TARGET PRICE TO EUR 90
FROM EUR 101
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -1.8%, S&P 500 .SPX  -1.5%, Nasdaq  .IXIC 
-1.6% at close.  .N 
    Nikkei  .N225  -1.7%, Shanghai stocks  .SSEC  -0.4%.  .T 
 .SS 
    Time: 6:05 GMT
    
    ECONOMY
    German February unemployment due at 0855 GMT. Rate seen at
5.1%, change seen at -25k
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin, Frankfurt and Gdansk newsrooms)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))