German stocks - Factors to watch on January 5

BERLIN/FRANKFURT, Jan 5 (Reuters) - The following are some of the factors that may move German stocks on Wednesday:

CORONAVIRUS

Germany reported 58,912 new infections and 346 more deaths.

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UNIPER(UN01.DE)

German utility Uniper on Tuesday said it has secured credit facilities worth up to 10 billion euros ($11.3 billion) from parent Fortum and state bank KfW KFW.UL in a precautionary move to address high volatility in energy markets.

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BMW

German carmaker BMW achieved record sales of over 2.2 million vehicles from its BMW brand in 2021, the company said on Tuesday, outstripping 2019 sales even among a global chip shortage. read more

DAIMLER(DAIGn.DE)

Daimler's Mercedes-Benz has informed owners of its luxury cars of a technical defect that could spark a fire, the company said on Tuesday, adding a recall was not possible because parts needed to fix the problem are not available. read more

DEUTSCHE BANK (DBKGn.DE)

Deutsche Bank in talks on wealth management joint venture in China - Caixin Global https://bit.ly/3t2HbkT

ANALYSTS' VIEWS

TRATON SE : JP MORGAN CUTS TARGET PRICE TO EUR 30 FROM EUR 34

CONTINENTAL AG (CONG.DE) : JP MORGAN CUTS TO NEUTRAL FROM OVERWEIGHT

CONTINENTAL AG : JP MORGAN CUTS TARGET PRICE TO EUR 110 FROM EUR 130

SCHAEFFLER AG (SHA_p.DE) : JP MORGAN CUTS TARGET PRICE TO EUR 9 FROM EUR 9.80

ELRINGKLINGER AG (ZILGn.DE) : JP MORGAN RAISES TO OVERWEIGHT FROM NEUTRAL

ELRINGKLINGER AG : JP MORGAN RAISES TARGET PRICE TO EUR 16 FROM EUR 13.90

OVERSEAS STOCK MARKETS

S&P 500(.SPX) -0.1%, Nasdaq (.IXIC) -1.3% at close.

Shanghai stocks (.SSEC) -1.3%.

Time: 5:46 GMT

ECONOMY

German December Markit Final due at 0855 GMT. Composite seen at 50.0, Services seen at 48.4

DIARIES

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