German stocks - Factors to watch on May 21

  • Reuters
  • Stock Market News
German stocks - Factors to watch on May 21
Credit: © Reuters.

BERLIN/FRANKFURT, May 21 (Reuters) - The following are some of the factors that may move German stocks on Tuesday:

DAIMLER DAIGn.DE

Incoming Daimler boss Ola Kaellenius is working on a cost cut programme to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources. TELEKOM

A majority of the Federal Communications Commission appear to support the $26 billion takeover of Sprint Corp S.N by Deutsche Telekom's U.S. unit T-Mobile US Inc TMUS.O . late on Monday reported The U.S. Department of Justice is leaning against approving a deal as the remedies proposed by the companies do not resolve antitrust concerns, citing a person familiar with the review. TKAG.DE

Supervisory board meeting due to decide on restructuring plans after Thyssenkrupp's plans to form an European steel joint venture with India's Tata Steel TISC.NS failed.

COMMERZBANK CBKG.DE

The lender has scheduled an extraordinary supervisory board meeting to discuss strategy, two sources told Reuters. CECG.DE

Fiscal Q2 results due.

UNITED INTERNET UTDI.DE

The group will propose a dividend of 0.05 euros per share at its annual general meeting on May 23. UN01.DE

Company on Monday started to test the interest of gas companies in using its proposed liquefied natural gas (LNG) terminal in Germany and said it was also seeking a partner in the company operating the terminal. EVTG.DE

Company acquired Just Biotherapeutics in a deal under which Evotec will pay up to $90 million, it said. GENERAL MEETINGS

1&1 DRILLISCH DRIG.DE - 0.05 eur/shr dividend proposed

TELEFONICA DEUTSCHLAND O2Dn.DE - 0.27 eur/shr dividend proposed

NORMA GROUP NOEJ.DE - 1.10 eur/shr dividend proposed

TLG IMMOBILIEN AG TLGG.DE - 0.91 eur/shr dividend proposed

VARTA VAR1.DE - no dividend proposed

S&T SANT1.DE - 0.16 eur/shr dividend proposed

https://www.dsw-info.de/services/hauptversammlung/termine/

ANALYSTS' VIEWS

SIEMENS SIEGn.DE - Credit Suisse (SIX: CSGN ) raises to "outperform" from "neutral"

Rational AG RAAG.DE - RBC initiates "underperform" rating.

OVERSEAS STOCK MARKETS

Dow Jones .DJI -0.3 pct, S&P 500 .SPX -0.7 pct, Nasdaq .IXIC -1.5 pct at close. .N

Nikkei .N225 -0.1 pct, Shanghai stocks .SSEC +1.5 pct. .T .SS

Time: 4:57 GMT.

GERMAN ECONOMIC DATA

No economic data scheduled.

EUROPEAN FACTORS TO WATCH WATCH/EU

DIARIES DE/DIA WEU/EQUITY

REUTERS TOP NEWS TOP/NEWS

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles