German stocks - Factors to watch on Oct. 9
09/10/2018 05:49
BERLIN, Oct 9 (Reuters) - The following are some of the
factors that may move German stocks on Tuesday:
AUTOS DAIGn.DE VOWG_p.DE BMWG.DE
An administrative court in Berlin opens hearings in a case
brought by an environmental organisation seeking bans of diesel
cars from some areas in the German capital.
Separately, EU environment ministers will seek a compromise
on Tuesday over how tough to be on curbing carbon dioxide
emissions from cars and vans, with Germany warning too tough
targets could harm industry and cost jobs. urn:newsml:reuters.com:*:nL2N1WO09Q
VW is close to hiring Citigroup C.N , Deutsche Bank
DBKGn.DE , Goldman Sachs GS.N and JP Morgan JPM.N to help
with the potential stock market listing of its truck unit
Traton, two people familiar with the matter told
Reuters. urn:newsml:reuters.com:*:nL8N1WO5DT
Also, VW's Brazil operation is putting workers on a 20-day
furlough, the company said on Monday, citing reduced demand from
Argentina, which is undergoing an economic crisis that has
derailed growth and slashed spending power. urn:newsml:reuters.com:*:nL2N1WO14Z
WIRECARD WDIG.DE
Strategy presentation due in London.
CECONOMY CECG.DE
Europe's biggest consumer electronics retailer said
operating profit for the 2017-18 fiscal year came in below its
targets, citing weak business at its MediaMarkt and Saturn store
chains. urn:newsml:reuters.com:*:nL8N1WO5ZE
IPO
Shares in online furniture seller Westwing WEW.DE start
trading in Frankfurt. The issue price has been set at 26 euros,
with expected gross proceeds of up to 132 million
euros. urn:newsml:reuters.com:*:nFWN1WO0J3
The price guidance range for the planned IPO of German brake
systems maker Knorr-Bremse STELLG.UL was narrowed to 78 to 80
euros per share, from 72 to 87 euros previously, offer documents
seen by Reuters showed late on Monday. urn:newsml:reuters.com:*:nL8N1WO0MD
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.2 pct, S&P 500 .SPX unchanged, Nasdaq
.IXIC -0.7 pct at close. .N
Nikkei .N225 -1.3 pct, Shanghai stocks .SSEC +0.5 pct.
Time: 4.49 GMT. .T .SS
GERMAN ECONOMIC DATA
German August trade data due at 0600 GMT. Exports are seen
up 0.3 percent m/m, driving the trade surplus to 16.4 billion
euros ($18.86 billion).
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
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(Reporting by Berlin Speed Desk)
((Frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))