August 6, 2019 / 4:53 AM / 2 months ago

German stocks - Factors to watch on August 6

BERLIN/FRANKFURT, Aug 6 (Reuters) - The following are some of the factors that may move German stocks on Tuesday:

METRO

Czech businessman Daniel Kretinsky’s investment vehicle said on Monday it would not raise its 5.8 billion euro bid for Metro, after failing to convince two of the German retailer’s top shareholders of the deal.

BOSCH

Unlisted automotive supplier Bosch expects sales to stagnate this year, its chief executive told a German newspaper, blaming the worsening outlook in the car industry that has also hurt the company’s rivals.

DEUTSCHE BAHN

German railway operator Deutsche Bahn is eyeing Amsterdam for an initial public offering of its British unit Arriva, Bloomberg reported.

BEIERSDORF

H1 results due

DEUTSCHE POST

Q2 results due

MORPHOSYS

Q2 results due

GEA GROUP

Q2 results due

NORMA GROUP

Q2 results due

TELEFONICA DEUTSCHLAND

H1 results due

HEIDELBERGER DRUCKMASCHINEN

Q1 results

SCHAEFFLER

H1 results due

SGL CARBON

H1 results due

WACKER NEUSON

H1 results due

VARTA

H1 results due

PFEIFFER VACUUM

H1 results due

OVERSEAS STOCK MARKETS

Dow Jones -2.9%, S&P 500 -3%, Nasdaq -3.5% at close.

Nikkei -0.8%, Shanghai stocks -2.4%.

Time: 4:50 GMT

GERMAN ECONOMIC DATA

June industrial orders due at 0600 GMT. Seen at 0.5% m/m.

DIARIES

REUTERS TOP NEWS (Reporting by Berlin Speed Desk and Frankfurt Newsroom)

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