June 13, 2018 / 5:11 AM / 5 months ago

German stocks - Factors to watch on June 13

FRANKFURT/BERLIN, June 13 (Reuters) - The following are some of the factors that may move German stocks on Wednesday:

DEUTSCHE POST

Executive board member Juergen Gerdes will quit the postal services group over strategic differences, following his removal from the company’s largest division by revenue earlier this year.

THYSSENKRUPP

The group’s supervisory board will meet and discuss the planned steel joint venture with Tata Steel, which, in its current form, has come under pressure from key shareholders and labour leaders, sources have said.

FRAPORT

Airport passenger traffic rose 9.5 pct in May.

MORPHOSYS

Morphosys said three clinical trials by its partner Roche with gantenerumab in early Alzheimer’s disease are now underway.

ANNUAL GENERAL MEETINGS

KRONES - 1.70 euros/shr dividend

GRAMMER - 1.25 euros/shr dividend

WUESTENROT & WUERTTEMBERGISCHE - 0.65 euros/shr dividend proposed

ZOOPLUS - no dividend proposed

EX-DIVIDEND

HHLA - 0.67 euros/shr dividend

BECHTLE - 0.90 euros/shr dividend

OVERSEAS STOCK MARKETS

Dow Jones unchanged, S&P 500 +0.2 pct, Nasdaq +0.6 pct at close.

Nikkei +0.4 pct, Shanghai stocks -0.8 pct.

Time: 5.09 GMT.

GERMAN ECONOMIC DATA

No economic data scheduled.

DIARIES

REUTERS TOP NEWS (Reporting by Ludwig Burger and Caroline Copley)

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