BERLIN/FRANKFURT, Oct 19 (Reuters) - The following are some of the factors that may move German stocks on Thursday:
Europe’s most valuable technology company reported that third-quarter revenue growth slowed after a strong first half and profits came up just short of analysts’ expectations.
Investor Day due.
The builder’s 17.1 billion-euro bid for Spanish toll road operator Abertis is purely based on business considerations, Chief Executive Marcelino Fernandez Verdes said.
The telecom service provider has replaced a post-2016 bridge finance with a 710-million-euro, five-year bank loan.
Q3 trading statement due.
The company decided to issue convertible bonds worth up to 15 million euros in nominal terms.
Shares in battery maker Varta due to start trading on the Frankfurt stock exchange. The IPO priced at 17.50 euros a share, at the top end of the indicated range.
BEIERSDORF - Credit Suisse raises to “outperform” from “neutral”, lifts target price to 104 euros from 88 euros
BMW - Morgan Stanley cuts to “underweight” from “equal-weight”
Dow Jones +0.7 pct, S&P 500 +0.1 pct, Nasdaq unchanged at close.
Nikkei +0.4 pct, Shanghai stocks -0.4 pct.
Time: 5.04 GMT.
No economic data scheduled.
REUTERS TOP NEWS ($1 = 0.8511 euros) (Reporting by Andreas Cremer and Maria Sheahan)