German stocks - Factors to watch on June 1

ZEAL Network SE

01/06/2021 05:56

BERLIN/FRANKFURT, June 1 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
    
    CORONAVIRUS
    Germany reported 1,785 new infections and 153 more deaths.
    
    VOLKSWAGEN  VOWG_p.DE 
    Former Volkswagen chief Martin Winterkorn has agreed to pay
around 10 million euros ($12.2 million) in damages to the
carmaker over the diesel emissions scandal, Business Insider
reported on Monday.  urn:newsml:reuters.com:*:nL2N2NI1J8
    
    LUFTHANSA  LHAG.DE  
    The airline group deems legitimate a proposal by Finance
Minister Olaf Scholz for minimum air fares, an executive told
the Funke publishing group. 
    
    MUNICH RE  MUVGn.DE 
    Munich Re Ventures, an arm of the German insurance group,
took part in the latest funding round of pet insurer Bought By
Many, The Financial Times reported.
    
    MERCK  MRCG.DE 
    Australian biotechnology company Immutep  IMM.AX  said it
had entered a collaboration with Merck KGaA for clinical trial
in patients with tumours.  urn:newsml:reuters.com:*:nFWN2NI0CJ
    
    DAIMLER
    Around 3,500 Daimler employees accepted the company's
severance pay package, Business Insider reported, as the
carmaker cuts jobs and costs to increase investment in
e-mobility and vehicle software. 
    
    TLG IMMOBILIEN  TLGG.DE 
    The real estate firm increased its stake in WCM
Beteiligungs- und Grundbesitz-Aktiengesellschaft  WCMKk.DE , WCM
said on Monday.  urn:newsml:reuters.com:*:nASN0019D2
    
    TECH
    Digital insurance startup Wefox said on Tuesday it had
raised $650 million from investors, in what it called a
record-breaking round for a so-called "insurtech" company that
valued the business at $3 billion.  urn:newsml:reuters.com:*:nL5N2NI3JA
    
    ANNUAL GENERAL MEETINGS
    DEUTSCHE WOHNEN  DWNG.DE  - 1.03 eur/shr dividend proposed
    FRAPORT  FRAG.DE  - 0 eur/shr dividend proposed
    PROSIEBENSAT  PSMGn.DE  - 0.49 eur/shr dividend proposed
    SMA SOLAR TECHNOLOGY  S92G.DE  - 0.30 eur/shr dividend
proposed
    ZEAL NETWORK  TIMAn.DE  - 0.90 eur/shr dividend proposed
        
        
    OVERSEAS STOCK MARKETS  
    US markets closed.    .N 
    Nikkei  .N225  -0.5%, Shanghai stocks  .SSEC  -0.1%.  .T 
 .SS 
    Time: 4:55 GMT
  
    
    ECONOMY
    German May Markit/BME manufacturing PMI due at 0755 GMT.
Seen 64.0.
    German May unemployment due at 0755 GMT. Change seen at -9k,
rate seen at 6.0%.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

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