BERLIN/FRANKFURT, Sept 26 (Reuters) - The following are some of the factors that may move German stocks on Tuesday:
Supervisory board meeting due.
Industry-insured losses from hurricane Maria in the Caribbean will be between $40 billion and 85 billion, catastrophe modelling firm AIR Worldwide said.
The supervisory board of Siemens is due to discuss plans for a rail tie-up with Alstom.
France is not worried about an anti-trust review of the expected rail merger between Siemens and Alstom, a source familiar with the matter said on Monday.
Chief executive Joe Kaeser said on Monday that Germany’s weekend election, in which the national populist Alternative for Germany party gained seats in the Bundestag, should be countered by increased globalism by wealthy democracies.
The steelmaker raised almost 1.4 billion euros ($1.66 billion) from institutional investors on Monday in a share sale to bolster its balance sheet ahead of a planned merger with India’s Tata Steel.
Commercial truck partners Navistar International Corp and VW said on Monday they will collaborate to launch an electric medium duty truck in North America by late 2019, and to develop common hardware and systems to connect trucks to the internet.
Uniper views as “hostile” last week’s takeover approach by Finnish peer Fortum, its chief executive said on Monday, disclosing that it was Fortum’s second attempt to buy the firm after a rejected bid in July.
Q2 results due.
The battery-systems maker expects to start trading on Oct. 13 after Germany’s financial regulator has approved the IPO prospectus.
EVONIK - Credit Suisse raises to “outperform” from “neutral”
Merck - UBS starts with “buy”
Dow Jones -0.2 pct, S&P 500 -0.2 pct, Nasdaq -0.9 pct at close.
Nikkei -0.4 pct, Shanghai stocks unchanged.
Time: 5.25 GMT.
German import prices due at 0600 GMT. Seen unchanged m/m, +2.1 pct y/y.
REUTERS TOP NEWS (Reporting by Andreas Cremer and Georgina Prodhan)