June 14, 2019 / 5:20 AM / 2 days ago

German stocks - Factors to watch on June 14

BERLIN/FRANKFURT, June 14 (Reuters) - The following are some of the factors that may move German stocks on Friday:

FRAPORT

Monthly passenger figures due.

MERCK KGAA

Company is due to give an annual update on its R&D pipeline.

VOLKSWAGEN

Volkswagen has set the price range for the initial public offering of its Traton truck business at 27 to 33 euros per share, aiming for June 28 as the first day of trading of the newly listed company.

Separately, workers at VW’s Chattanooga, Tennessee, assembly plant have been voting this week on whether to unionize, potentially handing the United Auto Workers its first toehold in the U.S. South.

FRAPORT

Fraport said it welcomed 6.2 passengers in May, a year-on-year increase of 1.4%.

HOUSING

Germany’s Chancellor Angela Merkel is due to hold a speech at the annual congress of Germany’s tenants lobby group DMB after the announcement by Berlin’s regional government to freeze rent levels hit real estate companies’ share prices earlier this month.

EX-DIVIDEND

BRENNTAG - 1.20 eur/shr dividend

OVERSEAS STOCK MARKETS

Dow Jones +0.4 pct, S&P 500 +0.4 pct, Nasdaq +0.6 pct at close.

Nikkei +0.3 pct, Shanghai stocks -0.3 pct.

Time: 5:19 GMT.

GERMAN ECONOMIC DATA

German May wholesale price index due at 0600 GMT.

DIARIES

REUTERS TOP NEWS (Reporting by Berlin Speed Desk and Frankfurt Newsroom)

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