BERLIN, Feb 1 (Reuters) - The following are some of the factors that may move German stocks on Friday:
Deutsche Bank returned to profit in 2018, its first in four years, despite a loss in the fourth quarter, it said.
Additionally, time is running out for Deutsche Bank to turn around on its own, making a merger with rival Commerzbank more likely, two people with knowledge of the matter said.
ECB’s banking regulators have set conditions for a potential merger of Deutsche Bank and Commerzbank and said the merged company must be profitable, Sueddeutsche Zeitung newspaper reported, citing sources at the regulator.
Chancellor Angela Merkel signalled her readiness to implement costly proposals tabled by a government-appointed commission to facilitate the phasing out of coal-fired power, but key questions about money and priorities remain.
Thyssenkrupp holds its annual general meeting, giving CEO Guido Kerkhoff an opportunity to convince shareholders of his move to split the conglomerate in two parts.
Volkswagen’s Porsche unit said it had informed German authorities of potential issues with its emissions data, following a report in Der Spiegel magazine that the figures for its 911 models of 2016 and 2017 were inaccurate.
Vonovia sold its Deutsche Wohnen stake to institutional investors at 41.50 euros a share in a deal worth almost 700 million euros ($800.45 million), one of the bookrunners said. Germany’s largest real estate company had announced it will use the proceeds to strengthen its balance sheet. JP Morgan acted as global coordinator.
German savings banks have decided on a joint plan for the recapitalisation of public sector lender NordLB, pitting them against a joint bid by two private equity groups.
Germany will choose between the Eurofighter and Boeing’s F/A-18 fighter jet to replace its ageing Tornado fighter jets, knocking Lockheed Martin’s F-35 out of a tender worth billions of euros, Defence Ministry sources said.
Separately, Emirates is exploring switching some orders for the Airbus A380 to the smaller A350 in a move raising new doubts about the future of Europe’s superjumbo, people familiar with the matter said.
Germany’s Symrise said it was expanding its pet food business with the $900 million purchase of ADF/IDF, a pet food ingredient provider.
Morphosys announced it had settled its patent lawsuit with Janssen Biotech and Genmab.
Q4 results due
THYSSENKRUPP AG - 0.15 eur/shr dividend proposed
ADO PROPERTIES - Credit Suisse cuts to “neutral” from “outperform”
DAIMLER - Morgan Stanley raises to “overweight” from “equal-weight”
DEUTSCHE WOHNEN - Credit Suisse cuts to “neutral” from “outperform”
VONOVIA SE - Credit Suisse raises to “outperform” from “underperform”
Dow Jones -0.1 pct, S&P 500 +0.9 pct, Nasdaq +1.4 pct at close.
Nikkei unchanged, Shanghai stocks +0.8 pct.
Time: 6:07 GMT.
German January Markit Manufacturing PMI due at 0855 GMT. Seen flat at 49.9 points
REUTERS TOP NEWS ($1 = 0.8745 euros) (Reporting by Berlin Speed Desk)