BERLIN/FRANKFURT, Aug 19 (Reuters) - The following are some of the factors that may move German stocks on Monday:
Some of Deutsche Bank’s major investors want supervisory board chairman Paul Achleitner to step down before his term ends in 2022, a German magazine reported on Friday.
Some 40,000 new Mercedes-Benz cars currently can’t be delivered due to quality problems, German magazine Automobilwoche reported. It added that parent company Daimler was blaming two suppliers for the technical problems.
Possible bidders for Thyssenkrupp’s elevator division are under pressure to come up with firm offers, the conglomerate’s chief executive told German magazine Der Spiegel.
Metro CEO Olaf Koch has poured cold water on the idea of paying out an extra dividend following the planned sales of its China business and supermarket chain Real. In an interview with Frankfurter Allgemeine Sonntagszeitung, Koch said Metro had already distributed dividends worth 2.2 billion euros over the past few years. Metro’s top priority now was investment in profitable growth, including acquisitions, Koch added.
GRAND CITY PROPERTIES
The company affirmed its 2019 guidance after reporting a 7% increase in adjusted EBITDA in the first half of the year .
E.ON SE: Jefferies raises to hold from underperform
KNORR BREMSE AG: Credit Suisse initiates coverage with underperform rating
DAIMLER: Fitch Ratings has affirmed the outstanding notes issued by Mercedes-Benz Master Owner Trust (MBMOT) as a result of its annual review of the trust
OVERSEAS STOCK MARKETS
Dow Jones +1.2%, S&P 500 +1.4%, Nasdaq +1.7% at close.
Nikkei +0.7%, Shanghai stocks +1.4%.
Time: 5:23 GMT
GERMAN ECONOMIC DATA
No major economic data scheduled.
EUROPEAN FACTORS TO WATCH
REUTERS TOP NEWS (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
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