June 21, 2018 / 5:02 AM / 2 months ago

German stocks - Factors to watch on June 21

BERLIN/FRANKFURT, June 21 (Reuters) - The following are some of the factors that may move German stocks on Thursday:

DAIMLER

Daimler late on Wednesday warned that its profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles.

DEUTSCHE BANK

Deutsche has agreed to pay a fine of $205 million for violations of New York’s banking laws, the state’s department of financial Services said on Wednesday.

MUNICH RE

Guggenheim Partners LLC is in talks to buy the asset-management arm of Munich Re, The Wall Street Journal reported, citing people familiar with the matter.

SAP

SAP was sued on Wednesday by U.S. company Teradata, which accused it of stealing trade secrets, copyright infringement and anti-trust violations.

VONOVIA

The real estate firm submits a request to squeeze out minority shareholders in Austrian peer Buwog.

THYSSENKRUPP

News conference due by works council of ThyssenKrupp Steel Europe.

HOCHTIEF

The group said late on Wednesday that it currently owns 94.4 percent of oustanding Abertis shares, assuming a general meeting of Abertis shareholders on July 25 approves the amortisation of treasury stock.

HOMES & HOLIDAYS

The issue period for the initial public offering of Homes & Holiday is due to end.

ANNUAL GENERAL MEETINGS

DEUTSCHE PFANDBRIEFBANK - 1.07 eur/shr dividend proposed

SCOUT24 - 0.56 eur/shr dividend proposed

SIXT - 4.00 eur/shr dividend proposed

WIRECARD - 0.18 eur/shr dividend proposed

EX-DIVIDEND

BRENNTAG - 1.10 eur/shr dividend

AUMANN - 0.20 eur/shr dividend

PATRIZIA IMMOBILIEN - 0.25 eur/shr dividend

ANALYSTS’ VIEWS

NFON - Berenberg starts with “buy” rating, 22 euros price target

OVERSEAS STOCK MARKETS

Dow Jones -0.2 pct, S&P 500 +0.2 pct, Nasdaq +0.7 pct at close.

Nikkei +0.7 pct, Shanghai stocks -0.3 pct.

Time: 5.01 GMT.

GERMAN ECONOMIC DATA

No economic data scheduled.

DIARIES

REUTERS TOP NEWS (Reporting by Emma Thomasson and Maria Sheahan)

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