German stocks - Factors to watch on August 22

WCM Beteiligungs und Grundbesitz AG

22/08/2016 07:28

FRANKFURT, Aug 22 (Reuters) - The DAX top-30 index  .GDAXI  
looked set to open 0.2 percent lower on Monday, according to 
premarket data from brokerage Lang & Schwarz at 0620 GMT. The 
following are some of the factors that may move German stocks: 
     
    DAIMLER  DAIGn.DE  
    Indicated 0.1 percent higher 
    A Daimler spokesman said the company has a limited 
relationship with parts supplier Prevent. "There is a lawsuit 
pending," the spokesman said. Prevent is also involved in a 
clash with Volkswagen  VOWG_p.DE .  urn:newsml:reuters.com:*:nL8N1B20CD 
     
    LINDE  LING.DE  
    Indicated 0.3 percent lower 
    Linde's headquarters may move to Britain, the Netherlands or 
Ireland after a merger with Praxair, and Praxair Chief Executive 
(CEO) Stephen Angel could become CEO of the combined company 
while Linde's Wolfgang Reitzle could emerge as chairman of the 
combined company, Handelsblatt said in its Monday edition.  
     
    DEUTSCHE BANK  DBKGn.DE  
    Indicated 0.5 percent lower 
    JPMorgan Chase & Co  JPM.N  on Friday said it had settled 
litigation with the FDIC and Deutsche Bank stemming from its 
purchase of Washington Mutual Inc's banking operations during 
the financial crisis.  urn:newsml:reuters.com:*:nL1N1B01OR 
     
    E.ON  EONGn.DE  
    Indicated 0.1 percent higher 
    German utility E.ON's power plant and energy trading unit 
Uniper on Monday posted a 50 percent rise in first half 
operating profit as strong earnings from trading helped offset 
losses in European and Russian power generation.  urn:newsml:reuters.com:*:nF9N1AR009 
     
    VOLKSWAGEN  VOWG_p.DE  
    Indicated 1 percent lower 
    Volkswagen said it is seeking a negotiated settlement with 
suppliers in a dispute over contracts that is halting production 
at some of its plants. Talks will resume on Monday.  urn:newsml:reuters.com:*:nL8N1B10E9 
    Separately, Porsche has raised productivity at its Stuttgart 
site and could produce 250 cars per day there by 2017 from 200 
per day in 2015, production chief Albrecht Reimold told 
Automobilwoche. 
     
    SIXT  SIXG.DE  
    Indicated unchanged 
    CFO Julian zu Putlitz says the company expects its rental 
car business in the United States to post an operating profit 
for the full year for the first time in 2017, according to an 
interview with Euro am Sonntag newspaper. 
         
    WCM BETEILIGUNGS UND GRUNDBESITZ  WCMKk.DE   
    Q2 results due. 
     
    SUEDZUCKER  SZUG.DE  
    Indicated 3.3 percent lower 
    Goldman Sachs removes Suedzucker from pan-Europe buy list. 
 urn:newsml:reuters.com:*:nFWN1B302I  
     
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  -0.2 pct, S&P 500 .SPX  -0.1 pct, Nasdaq 
 .IXIC  unchanged at close.  .N  
    Nikkei  .N225  +0.32 pct, Shanghai stocks  .SSEC  -0.6 pct. 
 urn:newsml:reuters.com:*:nL3N1B31SA 
    Time: 6.19 GMT.  .T   .SS  
         
    GERMAN ECONOMIC DATA 
    No economic data scheduled. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Victoria Bryan, Jonathan Gould and Edward Taylor) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/FACTORS