BERLIN/FRANKFURT, Oct 11 (Reuters) - The following are some of the factors that may move German stocks on Friday:
The lender says it does not have copies of U.S. President Donald Trump’s tax returns, a U.S. appeals court said on Thursday, closing one possible avenue for the Democratic-led U.S. House of Representatives to obtain the returns.
As part of E.ON’s takeover of Innogy, E.ON Management Board member Leonhard Birnbaum will also take on the role of Innogy chief executive officer, E.ON said.
September traffic figures due.
Bill McDermott stood down as CEO on Friday, handing the task of completing SAP’s transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.
Separately, the company pre-released a strong set of third-quarter results early on Friday, lifted by a major cloud-computing deal, and reaffirmed its guidance for double-digit growth this year.
A Fox reporter tweeted more state attorney generals will follow Mississippi AG in dropping out of a suit to block the merger between Telekom’s U.S. unit T-Mobile and Sprint, lifting their shares on Thursday.
The German fashion group cut its 2019 earnings forecast again, citing weak demand in the United States and Hong Kong, and reported third quarter results that were below its expectations.
Thyssenkrupp’s largest shareholder on Thursday dismissed speculation that it had backed calls for a special dividend.
VOLKSWAGEN - Goldman Sachs initiates coverage with “BUY” rating
OVERSEAS STOCK MARKETS
Dow Jones +0.6%, S&P 500 +0.6%, Nasdaq +0.6% at close.
Nikkei +1.1%, Shanghai stocks +0.4%.
Time: 4:47 GMT
GERMAN ECONOMIC DATA
German final inflation data for September due at 0600 GMT. HICP seen at 0.9% y/y.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
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