German stocks - Factors to watch on August 2

Stabilus SE

02/08/2021 05:45

BERLIN/FRANKFURT, August 2 (Reuters) - The following are
some of the factors that may move German stocks on Monday:
    
    CORONAVIRUS
    Germany reported 847 new infections and 1 more death.
 urn:newsml:reuters.com:*:nL8N2P9070
    
    VONOVIA  VNAn.DE  
    The German real estate company on Sunday announced a
sweetened bid to buy rival Deutsche Wohnen  DWNG.DE  at 53 euros
per share, after its 52 euros a share offer narrowly missed the
50% threshold.  urn:newsml:reuters.com:*:nL1N2P80K2
    
    ALLIANZ  ALVG.DE  
    The U.S. Department of Justice has begun an investigation
relating to Allianz Global Investors' Structured Alpha Funds,
following litigation pending in U.S. courts on the matter,
German insurer said on Sunday. urn:newsml:reuters.com:*:nL1N2P80FE
    
    SCHAEFFLER  SHA_p.DE 
    The group said Chief Financial Officer Klaus Patzak would
leave effective July 31, adding a successor would be named
shortly.  urn:newsml:reuters.com:*:nASN001I7V
    
    STABILUS  STAB.DE  
    Third-quarter results due. 
        
    ANALYSTS' VIEWS
    MTU AERO ENGINES AG  MTXGn.DE : HSBC CUTS TO HOLD FROM BUY
    BIKE24 HOLDING AG  BIKE.DE : BERENBERG INITIATES COVERAGE
WITH BUY RATING; TARGET PRICE EUR 26.4 
    BIKE24 HOLDING AG  BIKE.DE : JP MORGAN INITIATES COVERAGE
WITH NEUTRAL RATING AND TARGET PRICE OF EUR 20 

        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.4%, S&P 500 .SPX  -0.5%, Nasdaq  .IXIC 
-0.7% at close.  .N 
    Nikkei  .N225  +1.9%, Shanghai stocks  .SSEC  +1.5%.  .T 
 .SS 
    Time: 4:45 GMT
    
    
    ECONOMY
    German June retail sales due at 0600 GMT. Seen +2.0% m/m
    German July Markit/BME manufacturing PMI due at 0755 GMT.
Seen at 65.6
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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