German stocks - Factors to watch on June 7

  • Reuters
  • Stock Market News
German stocks - Factors to watch on June 7
Credit: © Reuters.

BERLIN/FRANKFURT, June 7 (Reuters) - The following are some of the factors that may move German stocks on Thursday:

GLOBAL TRADE

U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House's top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week's G7 summit in Canada. DAIGn.DE

Daimler unveiled on Wednesday an all-electric big rig truck it promises to have in production in 2021, as the German automaker mounts a major challenge to European and American rivals, including new entrants like Tesla TSLA.O . Trucks has also set up a research and development center for autonomous driving in the United States, the latest sign of the German manufacturer's commitment to getting self-driving freight trucks on the road. BANK DBKGn.DE

The lender's investment banking arm will bear more than half of the group's planned cost cuts, its chief financial officer said on Wednesday, as he admitted that the lender would continue to lag peers in the second quarter. AIRG.DE

Airbus AIR.PA said it had won 161 gross aircraft orders in the January to May period. SNHG.DE

Steinhoff SNHJ.J said it has obtained creditor support letters for two of its divisions. EBKG.DE

Moody's has upgraded EnBW's credit ratings to A3/Baa2 with a stable outlook. STAGn.DE - 0.11 eur/shr dividend

UNIPER UN01.DE - 0.74 eur/shr dividend

CEWE CWCG.DE - 1.85 eur/shr dividend

RHOEN-KLINIKUM RHKG.DE - 0.22 eur/shr dividend

VTG VT9G.DE - 0.90 eur/shr dividend

OVERSEAS STOCK MARKETS

Dow Jones .DJI +1.4 pct, S&P 500 .SPX +0.9 pct, Nasdaq .IXIC +0.7 pct at close. .N

Nikkei .N225 +0.9 pct, Shanghai stocks .SSEC -0.1 pct.

Time: 5.18 GMT. .T .SS

GERMAN ECONOMIC DATA

German April industrial orders due at 0600 GMT. Seen +0.8 pct m/m.

EUROPEAN FACTORS TO WATCH WATCH/EU

DIARIES DE/DIA WEU/EQUITY

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