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German stocks - Factors to watch on November 6
November 6, 2017 / 6:01 AM / 15 days ago

German stocks - Factors to watch on November 6

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

DEUTSCHE TELEKOM

Sprint Corp and T-Mobile USA Inc said on Saturday that they officially broke off merger negotiations, ending months of back-and-forth talks that would have created the third-biggest U.S. wireless provider.

The collapse of the merger will underline T-Mobile US’s importance as a driver of growth when Deutsche Telekom reports quarterly results on Thursday.

LUFTHANSA

Lufthansa and pilots’ union VC are set to approve a new collective agreement that will see Eurowings offer contracts in Germany to pilots wishing to join from Air Berlin and other airlines.

SIEMENS

Siemens Gamesa due to publish April-September results.

A state-run Bangladeshi power generation company said on Sunday it has signed a deal with Siemens to boost its electricity production by more than 20 percent to help support the country’s economic development.

METRO

German prosecutors are expected to make a statement about an insider trading probe against the supervisory board chairman and an executive of Metro.

QIAGEN

Q3 results due after market close. Adjusted EBIT seen up 11 percent at $96 million. Poll:

XING

Q3 results due.

BET-AT-HOME

Q3 results due.

TELE COLUMBUS

The company confirmed on Friday that customer data had been hacked, but said only 74 customers were affected.

ANALYSTS’ VIEWS

EVONIK - Barclays raises price target to 35.50 euros from 34.50 euros

OVERSEAS STOCK MARKETS

Dow Jones +0.1 pct, S&P 500 +0.3 pct, Nasdaq +0.7 pct at close.

Nikkei unchanged, Shanghai stocks +0.2 pct.

Time: 6.00 GMT.

GERMAN ECONOMIC DATA

German September industrial orders due at 0700 GMT. Seen -1.5 pct m/m.

German October final Markit PMI due at 0855 GMT. Services PMI seen unchanged at 55.2, composite PMI flat at 56.9.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS (Reporting by Maria Sheahan, Victoria Bryan and Tom Sims)

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