BERLIN / FRANKFURT, 23 Nov (Reuters) – Here are some of the factors that could move German stocks on Monday:
Germany must extend its measures to contain the COVID-19 pandemic until December 20, according to senior politicians and a draft proposal obtained by Reuters.
German Finance Minister Olaf Scholz plans to take at least 160 billion euros in new debt by 2021 to help prevent the economic impact of the COVID-19 pandemic, said three people with knowledge of the matter.
Germany could start giving injections of the COVID-19 vaccine as soon as next month, Health Minister Jens Spahn was quoted as saying.
German Chancellor Angela Merkel has urged COVAX, an initiative set up to provide a COVID-19 vaccine to poor countries, to immediately start talks with producers.
A special envoy for the World Health Organization predicts a third wave of pandemic in Europe as early as 2021, if the government repeats what he says is a failure to do what is needed to prevent a second wave of infections.
Germany reported 10,864 new COVID-19 infections and another 90 deaths.
Asian stocks rose, with the broad regional index hitting record highs on hopes for a coronavirus vaccine soon, but concerns over the impact of the economic lockdown and uncertainty over US stimulus limited gains.
Deutsche Bank is seeking takeovers and joint ventures to help achieve its goal of becoming a force in the European payment processing industry, The Financial Times reported, citing a senior executive.
GERMAN STOCK EXCHANGE
Institutional Shareholder Services proxy advisor said new owner Deutsche Boerse would support him in a legal battle against the Securities and Exchange Commission which will help shape the market for shareholder advice, the Financial Times reported.
Germany needs to reach a consensus within the government that telecommunications vendors pose a national security threat to exclude its equipment from the national 5G network, according to a draft law reviewed by Reuters.
Siemens Mobility and Deutsche Bahn have started developing a hydrogen-powered fuel cell train and fueling station that will be piloted in 2024 with the aim of replacing diesel engines on Germany’s local rail network.
Electric grid company 50Hertz and Stromnetz Berlin launched a program in collaboration with Volkswagen and Bosch subsidiaries to find out how electric car batteries can help stabilize the grid.
Separately, a group representing major auto makers, including Volkswagen, filed a lawsuit to block a Massachusetts state ballot initiative seeking to dramatically expand access to vehicle data.
The current lockdown to contain the spread of the coronavirus pandemic has no impact on rent payments, Rolf Buch, Chief Executive of Vonovia, Germany’s largest real estate company, told Die Welt.
The company said it had agreed to buy Factor75, a fully prepared food provider in the US, for up to $ 277 million in cash.
Private equity firm CVC has joined the race for Germany’s Bilfinger, Bloomberg reported, citing people with knowledge of the matter.
OVERSEAS STOCK MARKET
Dow Jones -0.8%, S&P 500 -0.7%, Nasdaq -0.4% at close.
Japanese market is closed, Shanghai shares + 1.3%.
Time: 5:48 GMT
* Germany’s November Markit flash PMI is due at 0830 GMT. Manufacturing is seen at 56.3, services at 47.0, composite at 50.0
TOP NEWS REUTERS (Reported by newsrooms of Berlin, Frankfurt and Gdansk)