BERLIN, Feb 6 (Reuters) - The following are some of the factors that may move German stocks on Wednesday:
Q4 results due. Net profit seen down 38 percent at 1.98 billion euros.
The world’s largest reinsurer is expected to post a drop in Q4 net profit as storms and forest fires weighed on earnings and reinsurance prices continue to fall as competition from new players and products continues to rise. Poll:
EU antitrust regulators are expected to veto a plan by Siemens and Alstom to merge their rail divisions.
France will make proposals in the coming months to overhaul the EU’s competition rules, a finance ministry official said ahead of the expected rejection of the merger plan.
A U.S. jury has ordered Takeda Pharmaceutical Co’s Baxalta unit to pay Bayer $155.19 million for infringing a patent related to a Baxalta hemophilia treatment, court records show.
Telefonica Deutschland filed an emergency motion seeking a temporary halt to Germany’s spectrum auction, a regional court said, raising the possibility that the allocation of frequencies for 5G services could be delayed.
France and Germany will on Wednesday announce a 65 million euros contract financed equally by both countries over two years as the first act of the joint programme to design a next-generation combat jet, a French army source said.
Uniper said it would start fresh talks with its biggest shareholder, Finland’s Fortum, about future cooperation, renewing investor hopes that there could be a full takeover of the German energy group.
2018 trading update due
The utility is planning to build a solar park with 174 megawatt capacity without state subsidies near Berlin, Handelsblatt quoted CTO Hans-Josef Zimmer as saying.
The company announced the appointment of David Trexler as president and member of the board of directors of Morphosys US.
EX-DIVIDEND
SIEMENS HEALTHINEERS - 0.70 euros/shr dividend
CONTINENTAL AG - Barclays starts with “equal weight” rating
Dow Jones +0.7 pct, S&P 500 +0.5 pct, Nasdaq +0.7 pct at close.
Nikkei +0.2 pct, Chinese markets closed.
Time: 5:48 GMT.
December industrial orders data due at 0700 GMT, seen +0.3 pct m/m
REUTERS TOP NEWS (Reporting by Berlin Speed Desk)
