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German stocks - Factors to watch on April 14

Published 14-04-2020, 10:38 am
© Reuters.
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BERLIN/FRANKFURT, April 14 (Reuters) - The following are some of the factors that may move German stocks on Tuesday:

CORONAVIRUS

Germany's number of confirmed coronavirus infections has risen by 2,082 to 125,098, data from the Robert Koch Institute (RKI) for infectious diseases showed on Tuesday, marking the fourth decline in the number of new cases after four days of increases. life in Germany, halted by the coronavirus outbreak, may gradually return to normal if certain conditions are met, including an infection rate stabilising at a low level, according to recommendations sent to Chancellor Angela Merkel and state governors on Monday. automakers have laid down plans to resume production, which was halted due to the coronavirus crisis, on early signs of the outbreak plateauing. ALVG.DE

German insurer Allianz on Thursday welcomed plans by China to open its insurance market to foreigners and underscored its desire to expand there. BANK DBKGn.DE

The lender is exerting caution in its business of acquiring non-performing loans in places like India, the bank's Asia head told Handelsblatt.

LUFTHANSA LHAG.DE

Belgium's finance minister said it was too early to say if Brussels Airlines, a Lufthansa subsidiary, will receive state aid, after its president Etienne Davignon indicated it would in Belgian newspaper La Libre Belgique. owner of Poland's national airline LOT said on Monday it had pulled out of a deal to buy German rival Condor, raising the prospect of Berlin nationalising the troubled business. VNAn.DE

The company's chief told Die Welt that it was sticking to its dividend plans despite expectations in lost rent.

SAP SAPG.DE

The company will hold its annual general meeting as a virtual event. company extended the contract of its finance chief, Luka Mucic SIEGn.DE

Siemens (NS:SIEM) will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could be extended in Germany. VOWG_p.DE

Germany's Volkswagen said on Monday its U.S. dealers would provide cars for free delivery of essential supplies to people in need during the coronavirus crisis. the carmaker said it would furlough workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic. OSRn.DE

Its chief told Handelsblatt that that the corona crisis wasn't having an impact on takeover process by AMS.

QIAGEN QIA.DE

German molecular testing company Qiagen 's QIA.DE first quarter results reflected significant demand for solutions used in COVID-19 testing, it said on Thursday. TMV.DE

The software provider is keeping an eye out for acquisitions after its initial public offering last year, Chief Executive Oliver Steil told Frankfurter Allgemeine Zeitung newspaper. "We find technological innovations exciting, especially in the Internet of Things, augmented reality, vertical solutions, remote control. These are the areas we are looking in to see which companies are there," he said.

ANALYSTS' VIEWS

SAP SAP.N - BMO cuts target price to $135 from $150

GERRESHEIMER AG GXIG.DE : JP Morgan cuts target price to eur 57.40 from eur 59.10

DIALOG SEMICONDUCTOR PLC DLGS.DE : JP Morgan cuts target price to eur 32 from eur 40

OVERSEAS STOCK MARKETS

US markets closed.

.N

Nikkei .N225 +2.7%, Shanghai stocks .SSEC +0.7%. .T .SS

Time: 5:08 GMT

GERMAN ECONOMIC DATA

No major economic data scheduled.

DIARIES DE/DIARY

REUTERS TOP NEWS TOP/NEWS

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