April 26, 2018 / 4:50 AM / 7 months ago

German stocks - Factors to watch on April 26

BERLIN/FRANKFURT, April 26 (Reuters) - The following are some of the factors that may move German stocks on Thursday:

ECB

The European Central Bank is set to keep policy unchanged on Thursday, playing down worries over recent softness in the euro zone economy and leaving the door open to ending its lavish bond purchase scheme by the close of the year.

DEUTSCHE BOERSE

Deutsche Boerse announces a framework for its strategy under its new chief executive that aims to make the German company the leading European exchanges group, as it reported an 11 percent drop in net profit in the first quarter.

COVESTRO

Q1 results due. Adjusted EBITDA seen up 18 percent at 998 million euros ($1.22 billion). Poll:

DEUTSCHE BANK

Q1 results due. Net income seen down 34 percent at 379 million euros. Poll:

The lender may also spell out strategy changes for its investment bank on Thursday, a source has said.

Separately, a spokesman for Deutsche Bank said the European Central Bank will allow Deutsche Bank DBKGn.DE to use deposits from its Postbank division elsewhere in the group, a move that may reduce the cost of financing its various operations.

LUFTHANSA

Q1 results due. Adjusted EBIT seen more than tripling to 81.3 million euros. Poll:

VOLKSWAGEN

Q1 results due. EBIT seen up 2 percent at 4.47 billion euros. Poll:

Volkswagen AG has reached a $33.5 million settlement with Maryland over state claims related to the German automaker’s excess emissions, court documents show.

AIRBUS

Airbus plans to increase production of single-aisle A320-family aircraft to 63 a month, a company spokesman said.

Separately, Airbus and Bombardier aim to close a deal giving the European planemaker a majority stake in the Canadian company’s CSeries jetliner program by the end of May, ahead of an initial timetable, two people familiar with the matter told Reuters this week.

FIELMANN

Q1 results due.

KION

Q1 results due. Adjusted EBITA seen up 7 percent at 164 million euros. Poll:

KRONES

Q1 results due. Operating profit seen down 14 percent at 55.3 million euros. Poll:

TAG IMMOBILIEN

Q1 results due. FFO I seen up 17 percent at 33.4 million euros. Poll:

WACKER CHEMIE

Q1 results due. EBITDA seen up 11 percent.

AIXTRON

Q1 results due. EBIT seen at 5.2 million euros versus a year-earlier loss of 12.7 million. Poll:

DRAEGERWERK

Full Q1 results due. The group reported preliminary figures on April 16 and warned its 2018 EBIT margin would likely be at the lower end of its forecast range.

TELEFONICA DEUTSCHLAND

Eva Castillo Sanz resigns as chairperson of the supervisory board with immediate effect, with a replacement due to be elected in near future.

DELIVERY HERO

Annual report due. The group issued a trading statement on Feb. 7 and said it remained confident for its 2018 outlook.

DMG MORI

Q1 results due. The group already said on March 13 it expected its Q1 order intake to grow to around 700 million euros.

HYPOPORT

The group agreed to buy software firm FIO Systems for shares and cash and said it would issue new shares as part of the deal.

TAKKT

Q1 results due.

VOSSLOH

Q1 results due.

SPRINGER NATURE

Springer Nature, the publisher of science magazines Nature and Scientific American, is offering shares worth up to 1.6 billion euros in its planned initial public offering (IPO), it said on Wednesday.

ANNUAL GENERAL MEETINGS

RWE - 0.50 eur/shr dividend proposed

ALSTRIA OFFICE REIT - 0.52 eur/shr dividend proposed

DEUTZ - 0.15 eur/shr dividend proposed

HAMBORNER REIT - 0.45 eur/shr dividend proposed

SAF HOLLAND - 0.45 eur/shr dividend proposed

EX-DIVIDEND

BEIERSDORF - 0.70 eur/shr dividend

MUNICH RE - 8.60 eur/shr dividend

GERRESHEIMER - 1.10 eur/shr dividend

ANALYSTS’ VIEWS

KLOECKNER & CO - Credit Suisse cuts to “neutral” from “outperform”, cuts price target to 13 euros from 15 euros

OVERSEAS STOCK MARKETS

Dow Jones +0.3 pct, S&P 500 +0.2 pct, Nasdaq -0.1 pct at close.

Nikkei +0.5 pct, Shanghai stocks -0.9 pct.

Time: 4.48 GMT.

GERMAN ECONOMIC DATA

German May GfK consumer sentiment index due at 0600 GMT. Seen at 10.8 points vs 10.9.

DIARIES

REUTERS TOP NEWS ($1 = 0.8193 euros) (Reporting by Emma Thomasson and Maria Sheahan)

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