BERLIN/FRANKFURT, Sept 12 (Reuters) - The following are some of the factors that may move German stocks on Thursday:
The European Central Bank is all but certain to approve a fresh stimulus package to prop up an ailing economy and arrest a dangerous slide in inflation expectations. Its measures could include a rate cut, more support for banks, a fresh pledge to keep rates low for longer and more asset purchases.
German software company TeamViewer set the price range for its planned listing on the Frankfurt stock exchange on Wednesday, valuing it at up to 5.5 billion euros ($6.05 billion) in one of Europe’s largest IPOs of the year.
The braking systems maker confirmed full year guidance after reporting a 14.9% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) in the first six months of 2019.
Metro chief executive is confident that the sale of grocery chain Real will be concluded in September, weekly Wirtschaftswoche reported. “We are on a good track at the moment,” Olaf Koch said in an interview published on Thursday.
August traffic figures due.
CORESTATE CAPITAL HOLDING
The real estate investment managing firm on Thursday confirmed 2019 financial guidance.
BEIERSDORF AG: Credit Suisse cuts to “underperform” from “neutral”
JUNGHEINRICH AG: Morgan Stanley starts with “overweight” rating
OVERSEAS STOCK MARKETS
Dow Jones +0.9%, S&P 500 +0.7%, Nasdaq +1.1% at close.
Nikkei +1.0%, Shanghai stocks +0.4%.
Time: 5:36 GMT
GERMAN ECONOMIC DATA
German August final inflation due at 0600 GMT. CPI seen -0.2% m/m, +1.4% y/y, HICP seen -0.1% m/m, +1.0% y/y.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
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