German stocks - Factors to watch on August 24

WCM Beteiligungs und Grundbesitz AG

24/08/2016 06:03

BERLIN/FRANKFURT, Aug 24 (Reuters) - The following are some 
of the factors that may move German stocks on Wednesday: 
     
    DEUTSCHE BANK  DBKGn.DE  
    Deutsche Bank Chief Executive John Cryan has criticised the 
actions of the European Central Bank in German Handelsblatt. "By 
now the monetary policy is counterproductive to the goal of 
strengthening the economy and secure the European banking 
system," Cryan said in an op-ed.   
     
    VOLKSWAGEN  VOWG_p.DE   
    VW has agreed to hold settlement talks with several U.S. 
states that sued the German automaker for hundreds of millions 
of dollars over environmental law violations, the automaker said 
in a court filing on Tuesday.  urn:newsml:reuters.com:*:nL1N1B40X6 
    Separately, Volkswagen and two of its parts suppliers on 
Tuesday resolved a contract dispute that had hit output at more 
than half of the carmaker's German plants and threatened to 
undermine its recovery from a diesel emissions scandal.  
    Still, the German deal did not extend to differences between 
suppliers and VW's Brazilian unit, which said it had broken off 
supply contracts after nearly a dozen failed renegotiations and 
was going to court to recover its machinery.  urn:newsml:reuters.com:*:nL8N1B404N 
    Luxury automaker Lamborghini expects to at least double 
production to 7,000 vehicles a year by 2019 once it rolls out a 
new SUV, but it will not lose its focus on making sports cars, 
Chief Executive Officer Stefano Domenicali said Tuesday. 
 urn:newsml:reuters.com:*:nL1N1B40QH 
     
    SUEDZUCKER  SZUG.DE   
    More than 35 companies have so far filed lawsuits against 
sugar producers Suedzucker, Pfeifer & Langen and Nordzucker for 
allegedly forming a cartel to push up prices, with claims 
totalling around 500 million euros, Handelsblatt reports. 
 
     
    ANNUAL GENERAL MEETINGS 
    WCM BETEILIGUNGS UND GRUNDBESITZ  WCMKk.DE  - no dividend 
proposed 
        
     
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  +0.1 pct, S&P 500 .SPX  +0.2 pct, Nasdaq 
 .IXIC  +0.3 pct at close.  .N  
    Nikkei  .N225  +0.5 pct, Shanghai stocks  .SSEC  +0.1 pct. 
    Time: 5.03 GMT.  .T   .SS  
     
     
    GERMAN ECONOMIC DATA 
    Detailed German Q2 GDP due at 0600 GMT. Seen +0.4 pct q/q, 
+3.1 pct y/y. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Victoria Bryan and Tina Bellon) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY STOCKS/FACTORS