German stocks - Factors to watch on July 11

Synlab AG

11/07/2022 05:41

BERLIN/FRANKFURT, July 11 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
    
    NORD STREAM 1
    The biggest single pipeline carrying Russian gas to Germany
starts annual maintenance on Monday, with flows expected to stop
for ten days, but governments, markets and companies are worried
the shut-down might be extended due to war in Ukraine.
 urn:newsml:reuters.com:*:nL1N2YP0IM
    
    SIEMENS ENERGY  ENR1n.DE , SIEMENS  SIEGn.DE 
    Canada will return a repaired turbine to Germany that is
needed for the Nord Stream 1 gas pipeline and could help to
ensure continued flows of energy until Europe can end its
dependency on Russian gas, Canada's minister of natural
resources said.  urn:newsml:reuters.com:*:nL1N2YQ0FM
    Siemens said Canada's decision to allow a turbine to be sent
from its repair shop in Canada to Germany was a necessary first
step towards returning it to the Russian pipeline it operates,
and that it was aiming to get it there as soon as possible.
 urn:newsml:reuters.com:*:nL8N2YR09X
    
    UNIPER  UN01.DE , FORTUM  FORTUM.HE 
    A dispute between Germany and Finland over the cost of
rescuing gas importer Uniper flared on Saturday as its Finnish
main shareholder rejected a call from a senior German minister
for further help in bailing out the ailing company.  urn:newsml:reuters.com:*:nL1N2YQ06V
    
    UKRAINE
    Rescuers were picking through the rubble of an apartment
building in eastern Ukraine searching for two dozen people,
including a child, feared trapped after a Russian rocket strike
on the five-storey building killed 15 people.  urn:newsml:reuters.com:*:nL4N2YS0DR
    On Saturday, Ukrainian President Volodymyr Zelenskiy
dismissed Kyiv's ambassador to Germany  as well as several other
top foreign envoys, the presidential website said.  urn:newsml:reuters.com:*:nL8N2YQ0AA
    
    MERCEDES-BENZ GROUP  MBGn.DE 
    Second quarter sales due
    
    AMAZON  AMZN.O 
    German union Verdi has called on staff at seven Amazon
distribution centres to strike over Sunday evening's night shift
in a bid to force the retailer to accept the union's sectoral
collective bargaining agreement.  urn:newsml:reuters.com:*:nL1N2YR082
    
    WIRECARD  WDIG.H 
    Wirecard forged client details to secure 900 million euros'
investment from SoftBank, reported the Financial Times.
 urn:newsml:reuters.com:*:nL4N2YR0BH
    
    TESLA  TSLA.O 
    Electric carmaker Tesla will pause production for two weeks
at its new manufacturing plant outside Berlin starting from
Monday July 11, Handelsblatt newspaper reported on Friday,
citing a top German union.  urn:newsml:reuters.com:*:nL8N2YP4H0
    
    CONTINENTAL  CONG.DE 
    German automotive parts maker Continental will invest $40
million to build a hydraulic hose plant in the central Mexican
state of San Luis Potosi, the company said on Friday.
 urn:newsml:reuters.com:*:nL1N2YP1JJ
    
    BIONTECH  22UAy.DE ,  BNTX.O 
    The U.S. Food and Drug Administration said it has granted
full approval to Pfizer  PFE.N  and BioNTech's COVID-19 vaccine
for adolescents aged between 12 and 15 years.  urn:newsml:reuters.com:*:nL4N2YP37S
    Separately, Pfizer and Biontech submitted a variation to the
EU's EMA for vaccination of children ages 6 months to less than
5 years with Comirnaty coronavirus vaccine.  urn:newsml:reuters.com:*:nFWN2YP1FV
    
    NORDEX SE  NDXG.DE 
    Announces fully underwritten 212 million euro rights issue.
 urn:newsml:reuters.com:*:nFWN2YR02T
    
        
    EX-DIVIDEND 
    HORNBACH HOLDING AG & CO KGAA  HBH.DE  - 2.40 euros/shr
dividend        
    
    
    ANALYSTS' VIEWS 
    SYNLAB AG  SYAB.DE : JEFFERIES CUTS TARGET PRICE TO EUR 20.4
FROM EUR 24
    FRAPORT  FRAG.DE : JP MORGAN CUTS TARGET PRICE TO EUR 51
FROM EUR 55
    ALLIANZ SE  ALVG.DE : JEFFERIES CUTS TARGET PRICE TO EUR 240
FROM EUR 255
    
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  -0.2%, S&P 500 .SPX  -0.1%, Nasdaq  .IXIC 
+0.1% at close.  .N 
    Nikkei  .N225  +1.3%, Shanghai stocks  .SSEC  -1.5%.  .T 
 .SS 
    Time: 4:41 GMT
    
    
    
    ECONOMY
    No major German economic data scheduled.
    
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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