German stocks - Factors to watch on August 24

BERLIN/FRANKFURT, Aug 24 (Reuters) - The following are some of the factors that may move German stocks on Monday:


Asian shares advanced for a second straight session, underpinned by coronavirus hopes after the U.S. Food & Drug Administration authorised the use of blood plasma from recovered patients as a treatment option.

The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17%-23% this year or what could be as much $400 billion, a report has shown, although sectors such as tech are fighting the trend.

The World Health Organization hopes the coronavirus pandemic will be shorter than the 1918 Spanish flu and last less than two years, WHO chief Tedros Adhanom Ghebreyesus said, if the world unites and succeeds in finding a vaccine.

Germany warned against travel to Brussels because of the high rate of coronavirus infections in Belgian capital, which is also home to the main organs of the European Union.

Germany reported 711 new coronavirus cases and three more deaths.

The new coronavirus is circulating four times more among people under 40 in France than over among 65-year-olds, France’s health minister said, though he warned that contamination was on the rise among the elderly and more vulnerable too.


Deutsche Boerse is among parties that presented bids for the bond-trading platform of the London Stock Exchange’s Borsa Italiana unit, a person familiar with the matter said.


Volkswagen’s luxury sports vehicle unit Porsche AG has launched an internal investigation into the suspected manipulation of petrol engines, German weekly Bild am Sonntag reported.


Chief Executive Olaf Koch, who has overseen the sale of the group’s retail activities to focus on wholesale trade, will quit the German company at the end of the year. No successor has yet been named. The move was approved by the group’s supervisory board.


Non-executive Chairman Hakan Bjoerklund resigned with immediate effect after the genetic testing company’s shareholders rejected a takeover offer from Thermo Fisher . Qiagen board member Lawrence Rosen has been elected to replace Bjoerklund as chairman.


The company’s steel division aims to return to profit in the 2021/22 fiscal year, encouraged by a recent slight recovery after a slump due to the coronavirus pandemic, the head of the division told WAZ newspaper.


The CEO of top shareholder Fortum, Markus Rauramo, told Handelsblatt that he would not necessarily seek access to Uniper’s cash flow and seek control over Uniper in 2022, just because an agreement not to do so expires at the end of 2021.


THYSSENKRUPP - Deutsche Bank resumes coverage with ‘hold’


Dow Jones +0.7%, S&P 500 +0.3%, Nasdaq +0.4% at close.

Nikkei +0.1%, Shanghai stocks +0.2%.

Time: 4:42 GMT


* No major German economic data scheduled

* German Labour Minister Hubertus Heil is seeking to extend by one year the period during which the state will pay short-time work allowances - a supplement for people put on reduced work hours - weekly newspaper Bild am Sonntag reported.


REUTERS TOP NEWS (Reporting by Berlin, Frankfurt and Gdansk newsrooms)