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German stocks - Factors to watch on February 8

· 02/08/2021 00:48
German stocks - Factors to watch on February 8

- The following are some of the factors that may move German stocks on Monday:


CORONAVIRUS

Germany reported 4,535 new infections and 158 more deaths.nL8N2KE09Q

It is too soon for Germany to lift its lockdown without risking a third wave of COVID-19 infections, Bavarian premier Markus Soeder said on Sunday, ahead of a crunch meeting to review the restrictions aimed at stemming the pandemic. nL8N2KD0Q9

Separately, Economy Minister Peter Altmaier told newspaper Bild that coronavirus infections were still to high to justify concrete steps to lift lockdown restrictions.


DIALOG SEMICONDUCTOR DLGS.DE

Japan's Renesas Electronics Corp said on Monday it is in talks to buy British-based Dialog Semiconductor in a deal that would bolster its automotive chip business and value the Apple Inc AAPL.O supplier at around $6 billion. nL8N2KD0BI

DAIMLER DAIGn.DE

German carmaker Daimler aims to keep a "protective hand" on Daimler Trucks, the world's largest truck and bus maker, following a planned spin-off, Chief Executive Ola Källenius told the Frankfurter Allgemeine Sonntagszeitung (FAS). nL8N2KC0IQ

PORSCHE PSHG_p.DE

The carmaker wants to significantly increase its share of electric cars. "By the end of the decade, more than 80 percent of our sports cars will be electrically powered - as hybrids or fully electric," CEO Oliver Blume told the Bild am Sonntag.

BIONTECH 22UAy.DE

Germany is in talks with BioNTech BNTX.O and other COVID-19 vaccine makers about possible funding to help them secure capacity and raw materials, Health Minister Jens Spahn tweeted on Saturday. nL8N2KC0BZ

HENKEL HNKG_p.DE

The consumer goods group wants to part with more brands. "We have to concentrate on strong, successful brands such as Persil, Schwarzkopf or Loctite," CEO Carsten Knobel told Welt am Sonntag.

E.ONEONGn.DE

E.ON's Essent sold a Belgian subsidiary to Luminus for an undisclosed sum. nL8N2KB5Y6


METRO B4B.DE

The supervisory board of the German wholesale retailer will discuss the nomination of Steffen Greubel as chief executive officer at a meeting on Monday, the company said on Friday. nASN000SW5


1&1 DRILLISCH DRIG.DE

1&1 Drillisch said that Telefonica Deutschland made an improved roaming offer. nFWN2KB1SE nFWN2KB1SM



Carl Zeiss Meditec AFXG.DE

First-quarter results due.


ANALYSTS' VIEWS

LANXESS AG LXSG.DE - CREDIT SUISSE CUTS TO "NEUTRAL" FROM "OUTPERFORM", RAISES TARGET PRICE TO EUR 66 FROM EUR 53

WASHTEC AG WSUG.DE - HSBC CUTS TO "HOLD" FROM "BUY"


OVERSEAS STOCK MARKETS

Dow Jones .DJI +0.3%, S&P 500.SPX +0.4%, Nasdaq .IXIC +0.6% at close. .N

Nikkei .N225 +1.9%, Shanghai stocks .SSEC +0.9%. .T .SS

Time: 5:48 GMT


ECONOMY

* German December industrial production due at 0700 GMT. Seen 0.0% m/m.



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(Reporting by Berlin, Frankfurt and Gdansk newsrooms)

((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))