April 1, 2019 / 5:31 AM / 3 months ago

UPDATE 1-German stocks - Factors to watch on April 1

(Adds Merck KGaA FDA approval)

BERLIN/FRANKFURT, April 1 (Reuters) - The following are some of the factors that may move German stocks on Monday:

European Central Bank

Dutch central bank Governor Klaas Knot expects the euro zone economy to pick up speed in the second half after a sluggish start to the year, but in an interview with Handelsblatt the noted hawk was distinctly dovish on long-term interest rates.

ENGINEERING

Germany’s VDMA engineering association is due to hold an event on the industry’s outlook at the Hanover trade fair.

DEUTSCHE BANK

Deutsche Bank executive said a potential merger with Commerzbank would not hit revenues, the Financial Times reported on Monday.

DAIMLER

The carmaker has complained to EU antitrust regulators about Nokia patents essential to car communications, a move underlining the tensions between tech companies and the car industry on the use of key technologies.

Merck KGaA

The U.S. Food and Drug Administration on Friday said it approved Merck’s new oral treatment for multiple sclerosis.

WIRECARD

The departure of Wirecard’s compliance manager Royston Ng has no connection to the German payments firm’s investigations into financial irregularities in Singapore, a company spokeswoman said on Sunday.

OSRAM

Chief Executive Olaf Berlien told Frankfurter Allgemeine Sonntagszeitung that forecasts of a global 2019 automobile production of 96 million cars are overly optimistic.

HOCHTIEF

Hochtief subsidiary, Cimic Group on Monday said its CPB Contractors company Won an order of 221 million New Zealand dollars ($150.85 million) for Christchurch Metro Sports Facility.

VOLKSWAGEN

Volkswagen is leaning on its entry-level Spanish brand Seat to spearhead its attack on the growing market for cheaper electric cars, in a bid to undercut established rivals such as Nissan and Renault, the Financial Times reported on Sunday.

ANALYSTS’ VIEWS

BAYER AG: Berenberg transfers coverage with “hold” rating

OVERSEAS STOCK MARKETS

Dow Jones +0.8 pct, S&P 500 +0.7 pct, Nasdaq +0.8 pct at close.

Nikkei +1.4 pct, Shanghai stocks +2.4 pct.

Time: 5:29 GMT.

GERMAN ECONOMIC DATA

Markit PMI for Germany’s manufacturing sector due at 0755 GMT. Index seen flat at 44.7 points.

DIARIES

REUTERS TOP NEWS ($1 = 1.4650 New Zealand dollars) (Reporting by Berlin Speed Desk and Frankfurt Newsroom)

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