BERLIN / FRANKFURT, June 22 (Reuters) – Here are some factors that could move German stocks on Monday:
German reproduction rates jumped to 2.88, health authorities say, the rate of infection shows an increase above the level needed to withstand long-term illness.
Authorities in the Goettingen region of Germany and North Rhine Westphalia have asked the police to enforce quarantine measures following an increase in local corona virus infections and difficulty making people obey the rules of isolation.
The German economy has passed the worst crisis caused by a coronavirus outbreak and is now expected to recover gradually, Bundesbank President Jens Weidmann told Frankfurter Allgemeine Sonntagszeitung.
Germany reports 537 new cases of corona virus and three other deaths.
The World Health Organization reports a record increase in global coronavirus cases, with a total increase of 183,020 in a 24-hour period.
US futures erased losses and Asian stocks held flat, trying to allay fears that rising cases of the corona virus in the United States could hamper a rapid economic recovery from the massive drop triggered by the pandemic.
The company will try to avoid grounding and bankruptcy, Chief Executive Carsten Spohr said, before the dispute between the airline’s largest shareholder and the German government over the 9 billion euro bailout requirement.
The company said there is a possibility that the 1.9 billion euros ($ 2.1 billion) reported missing from his account did not exist from the start. It was also interesting the full year 2019 and the first quarter financial results of 2020.
The company has hired Houlihan Lokey to develop a new financing strategy after Moody’s cut the ranking of the Wirecard to rubbish.
Daimler is doubling efforts to save money and plans to cut 20,000 jobs by 2025, Automobilwoche said, citing company sources.
Chief Executive Herbert Diess told his manager that ripples from the Coronavirus crisis would be felt until at least 2022, Automobilwoche said, citing the company’s internal memos.
China is reclassifying gasoline-electric hybrid vehicles so that they get better treatment than all gasoline or diesel under new clean car rules, making it easier for car makers to meet environmental quotas and offer more choices.
Joe Kaeser will remain Siemens CEO until early 2021, the Handelsblatt newspaper reported. He said Kaeser said: “The agreement is that the mandate ends when the Annual General Meeting ends in February. It will remain that way.” But he added: “(Deputy CEO) Roland Busch will de facto lead the company starting October 1. He will be responsible in charge of the new financial year. ” Kaeser also said that Siemens’s plan to use the acquisition of US oilfield equipment maker Dresser-Rand to drive the automation and digitization process in the oil and gas industry was unsuccessful.
DEUTSCHE TELEKOM – dividend 0,60 eur / year
NEMETSCHEK – dividend 0,28 eur / shr
ZEAL NETWORK – 0,80 eur / shr dividend
OVERSEAS STOCK MARKETS
Dow Jones -0.8%, S&P 500 -0.6%, Nasdaq unchanged at the close.
Nikkei + 0.3%, Shanghai shares + 0.3%.
Time: 5:02 GMT
* No major German economic data are scheduled
* Astrid Wallrabenstein, a judge who joined the German high court, told Frankfurter Sonntagszeitung that he hoped “things would move in the right direction”, after the court gave the ECB three months to justify buying bonds or losing Bundesbank as participants. ANALYSIS:
REUTERS TOP NEWS (Reporting by Berlin, Frankfurt and Gdansk newsroom)