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German stocks - Factors to watch on November 2
November 2, 2017 / 5:49 AM / 21 days ago

German stocks - Factors to watch on November 2

BERLIN/FRANKFURT, Nov 2 (Reuters) - The following are some of the factors that may move German stocks on Thursday:

AUTOS

Carmakers published U.S. sales figures for October.

Also, German monthly car sales figures are due.

CHEMICALS

Q3 report due from industry association VCI.

DEUTSCHE BANK

Germany’s biggest lender is scouting around for another large property in Frankfurt that could house hundreds of employees as it prepares for Britain’s departure from the European Union, a person familiar with the matter said on Wednesday.

FRESENIUS

Q3 results due. Adjusted net income seen up 13 percent at 431 million euros ($502.20 million). Poll:

FRESENIUS MEDICAL CARE

Q3 results due. Net income seen down 2.3 percent at 297 million euros. Poll:

SIEMENS

Siemens Gamesa has fallen behind biggest rival Vestas in the race for orders in the United States, hurt by a perceived lack of technology investment and a less centralised supply chain in the world’s second-biggest wind turbine market.

FIELMANN

Q3 results due. Pretax profit seen up 9 percent at 76.2 million euros. Poll:

FRAPORT

Q3 results due.

HUGO BOSS

Q3 results due. Net profit seen up 2 percent at 82.4 million euros. Poll:

METRO

Saks Fifth Avenue owner Hudson’s Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt, another German retail chain.

DIALOG SEMICONDUCTOR

The company announced the completion of its acquisition of Silego Technology.

DRAEGERWERK

Q3 results due. EBIT seen up 30.5 percent at 29.4 million euros. Poll:

PFEIFFER VACUUM

Q3 results due.

HELLOFRESH

Shares in HelloFresh are due to start trading on the Frankfurt stock exchange. The meal-kit-delivery group has set its issue price at 10.25 euros per share.

BEFESA

The metals recycler is due to set the issue price for its IPO.

OVERSEAS STOCK MARKETS

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

Nikkei +0.3 pct, Shanghai stocks -0.7 pct.

Time: 5.48 GMT.

GERMAN ECONOMIC DATA

German October Markit manufacturing PMI due at 0855 GMT. Seen flat at 60.5 points.

German October jobless data due at 0900 GMT. Seen -10,000, unemployment rate seen flat at 5.6 pct seasonally adjusted.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS

$1 = 0.8582 euros Reporting by Andreas Cremer and Christoph Steitz

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