German stocks - Factors to watch on June 1
01/06/2018 06:23
FRANKFURT, June 1 (Reuters) - The following are some of the
factors that may move German stocks on Friday:
DEUTSCHE BANK DBKGn.DE
Standard & Poor's on Friday downgraded Deutsche Bank's
DBKGn.DE credit rating to BBB+ from A-, dealing Germany's
largest lender a fresh blow to its reputation and a further
hurdle to profitability. urn:newsml:reuters.com:*:nEMN065QDT
The United States Federal Reserve last year designated
Deutsche Bank AG's DBKGn.DE U.S. operations to be in "troubled
condition", The Wall Street Journal reported on Thursday, citing
people familiar with the matter. urn:newsml:reuters.com:*:nL5N1T24AF
Deutsche Bank said it will defend itself against cartel
charges expected to be laid in Australia over its involvement in
a $2.3 billion share issue it underwrote for Australia and New
Zealand Banking Group Ltd ANZ.AX in 2015. urn:newsml:reuters.com:*:nS9N1N500R
U.S. TARIFFS
The United States will impose tariffs on aluminum and steel
imports from Canada, Mexico and the European Union from Friday,
reigniting investor fears of a global trade war as Washington's
allies took steps to retaliate against U.S. goods. urn:newsml:reuters.com:*:nL2N1T1271
The U.S. decision to impose tariffs on Canadian, EU and
Mexican steel and aluminium flies in the face of international
law, German Finance Minister Olaf Scholz said. urn:newsml:reuters.com:*:nL2N1T300O
SIEMENS SIEGn.DE
German rail operator Deutsche Bahn's DBN.UL management
will ask for board approval on June 13 to order high-speed
trains from Siemens worth almost 1 billion euros ($1.17
billion), German daily Handelsblatt reported, citing no sources.
urn:newsml:reuters.com:*:nL5N1T26TA
AIRBUS AIRG.DE
Airbus AIR.PA is "not paralysed" by uncertainty over who
will lead the company in the future, its planemaking boss
Guillaume Faury told Die Welt. urn:newsml:reuters.com:*:nL5N1T26Z5
DIALOG SEMICONDUCTOR DLGS.DE
Dialog Semiconductor said Apple AAPL.O now planned to
source the main power management chips (PMICs) for one of its
three new iPhone models from two suppliers instead of just from
the German chipmaker, reducing its 2018 revenues by around 5
percent. urn:newsml:reuters.com:*:nL5N1T25W1
STS SF3.DE
Frankfurt stock market debut due.
ANALYSTS' VIEWS
SAP SE SAPG.DE: JEFFERIES STARTS WITH BUY RATING; PRICE
TARGET 120 EUROS
OVERSEAS STOCK MARKETS
Dow Jones .DJI -1 pct, S&P 500 .SPX -0.7 pct, Nasdaq
.IXIC -0.3 pct at close. .N
Nikkei .N225 +0.1 pct, Shanghai stocks .SSEC -0.8 pct.
Time: 5.23 GMT. .T .SS
GERMAN ECONOMIC DATA
German Markit manufacturing PMI due at 0755 GMT. Seen
unchanged at 56.8 points.
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
($1 = 0.8551 euros)
(Reporting by Maria Sheahan and Douglas Busvine)
((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))