German stocks - Factors to watch on July 24

Stratec SE

24/07/2020 06:33

BERLIN/FRANKFURT, July 24 (Reuters) - The following are some
of the factors that may move German stocks on Friday:
    
    CORONAVIRUS
    The number of confirmed coronavirus cases in Germany
increased by 815 to 204,183, data from the Robert Koch Institute
(RKI) for infectious diseases showed on Friday. The reported
death toll rose by 10 to 9,111, the tally showed.  urn:newsml:reuters.com:*:nL5N2EV0B1
    
    BASF  BASFn.DE 
    The chemical company on Thursday agreed to settle for $72.5
million a class action fraud lawsuit over allegations its talc
contained asbestos and caused lung injuries and cancer, court
documents showed.  urn:newsml:reuters.com:*:nL2N2EU29M
    
    VOLKSWAGEN  VOWG_p.DE 
    The Mexico unit on Thursday urged thousands of employees in
the central state of Puebla to reconsider their demands for
salary increases as the company anticipates a 24% drop in
domestic sales due to the coronavirus.  urn:newsml:reuters.com:*:nL2N2EU2OD
    
    BRENNTAG  BNRGn.DE 
    The group released preliminary second-quarter results it
said were above market expectations and added that the further
course of financial year remains uncertain due to coronavirus.
 urn:newsml:reuters.com:*:nASN0009Q4
    
    SHOP APOTHEKE  SAEG.DE 
    The group raised its 2020 outlook, saying it now expects a
sales growth of at least 30% compared to the financial year 2019
(previously: at least 20%) and a positive adjusted EBITDA.
 urn:newsml:reuters.com:*:nASN0009Q3
        
    DELIVERY HERO  DHER.DE  
    The company's chief executive Niklas Oestberg expects South
Korean competition authorities to approve its takeover of local
competitor Woowa in the current half-year, he told Handelsblatt
newspaper in an interview.
    
    WIRECARD  WDIG.DE 
    German Finance Minister Olaf Scholz is seeking a regulatory
overhaul to avoid a repeat of the supervisory failures that
allowed Wirecard build up a 2 billion euro hole in its accounts
before collapsing last month, Sueddeutsche Zeitung reported.
 urn:newsml:reuters.com:*:nL5N2EU71U
    Separately, Jim Chanos has pocketed $100 million from a
Wirecard short, the Financial Times reported.  urn:newsml:reuters.com:*:nL3N2EV0T4 
    
    ATOSS SOFTWARE  AOFG.DE 
    Second-quarter results due.   
    
    DEUTSCHE BAHN  DBN.UL  
    The state-owned rail operator's private competitor Flixtrain
is considering a complaint to the European Union's top court
over billions in state support Deutsche Bahn is receiving, its
co-founder Andre Schwaemmlein told Handelsblatt newspaper.
    
    ANALYSTS' VIEWS
    * BMW  BMWG.DE : JP MORGAN RAISES PRICE TARGET TO EUR 80
FROM EUR 63
    * BRENNTAG AG  BNRGn.DE : JEFFERIES RAISES TARGET PRICE TO
EUR 52 FROM EUR 42
    * PUMA SE  PUMG.DE : HSBC RAISES TARGET PRICE TO EUR 76 FROM
EUR 67
    * UNIPER SE  UN01.DE : HSBC RAISES TARGET PRICE TO EUR 26
FROM EUR 21
    * STRATEC SE  SBSG.DE : BERENBERG RAISES PRICE TARGET TO EUR
115 FROM EUR 80
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -1.3%, S&P 500 .SPX  -1.2%, Nasdaq  .IXIC 
-2.3% at close.  .N 
    Japanese markets closed, Shanghai stocks  .SSEC  -3%.  .T 
 .SS 
    Time: 5:33 GMT
        
    GERMAN ECONOMIC DATA
    German July flash Markit PMI due at 0730 GMT. Manufacturing
index seen at 48.0, service index at 50.5, composite index at
50.3.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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