German stocks - Factors to watch on June 19

  • Reuters
  • Stock Market News
German stocks - Factors to watch on June 19
Credit: © Reuters.

BERLIN/FRANKFURT, June 19 (Reuters) - The following are some of the factors that may move German stocks on Wednesday:

SIEMENS SIEGn.DE

The company plans to cut 2,700 jobs at its gas and power division, in addition to 10,400 it is already shedding in its core units, it said. ADSGn.DE

EU court ruling due on whether three stripes of Adidas can be registered as a trademark.

DEUTSCHE TELEKOM DTEGn.DE

Satellite TV provider Dish Network Corp DISH.O is in talks to buy wireless assets of Deutsche Telekom's T-Mobile US TMUS.O and Sprint S.N for at least $6 billion, Bloomberg reported. KGAA MRCG.DE

The company said it placed a hybrid bond amounting to 1.5 billion euros as part of the financing of the acquisition of Versum Materials VSM.N . will award to three consortiums 1 billion euros in funding it earmarked last year to support domestic battery cell production, Economy Minister Peter Altmaier told Reuters, part of a bid to cut carmakers' reliance on Asian supply. BANK DBKGn.DE

Two of Deutsche Bank's top New York deal makers are poised to leave the lender ahead of impending cuts to its Wall Street investment bank, the Wall Street Journal reported. AIRG.DE

The United States is expected to be open to negotiations on an "enforceable mechanism" that could allow European planemaker Airbus to receive government funding on commercial terms and ease the risk of tit-for-tat sanctions, two U.S. sources said. QIA.DE

Japan's Center for Cancer Genomics and Advanced Therapeutics will use Qiagen's QCI clinical decision support software, the company said. LLOYD HLAG.DE

Two major shareholders in the container line raised their stakes, reducing the free float to below 9% which means the group will leave German small-cap index SDAX .SDAXI as it requires a free float of 10%. SNHG.DE

South African retailer Steinhoff International Holdings (JO: SNHJ ), which is also listed in Frankfurt, reported a loss of 1.2 billion euro for the 2018 fiscal year, in a delayed earnings report revealing the impact of an accounting fraud. VOSG.DE

The company announced an accelerated bookbuilding to increase its share capital by 10% and said major shareholder Heinz Hermann Thiele will participate through an investment vehicle. GENERAL MEETINGS

EVOTEC EVTG.DE - no dividend proposed

BEFESA BFSA.DE - 1.32 eur/shr dividend proposed

STROEER SAXG.DE - 2.00 eur/shr dividend proposed

EX-DIVIDEND

WIRECARD WDIG.DE - 0.20 eur/shr dividend

DEUTSCHE WOHNEN DWNG.DE - 0.87 eur/shr dividend

KNORR BREMSE KBX.DE - 1.75 eur/shr dividend

HAMBURGER HAFEN UND LOGISTIK HHFGn.DE - 0.80 eur/shr dividend

ANALYSTS' VIEWS

HELLA HLE.DE - JP Morgan cuts to "neutral" from "overweight"

OVERSEAS STOCK MARKETS

Dow Jones .DJI +1.4 pct, S&P 500 .SPX +1.0 pct, Nasdaq .IXIC +1.4 pct at close. .N

Nikkei .N225 +1.8 pct, Shanghai stocks .SSEC +1.7 pct. .T .SS

Time: 5:40 GMT

ECONOMY

* German May producer prices due at 0600 GMT. Seen +0.2% m/m, +2.1% y/y

* European Central Bank policymakers were divided on Tuesday, with some feeling powerless, after President Mario Draghi hinted at new stimulus measures that had yet to be discussed by the ECB's Governing Council. FACTORS TO WATCH WATCH/EU

DIARIES DE/DIA WEU/EQUITY

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