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German Stocks – Factors To Watch on May 18

German Stocks Factors To Watch on May 18

The following are some of the factors that may move German stocks on Tuesday:

POLITICS

German election race remains tight with conservatives ahead of Greens – INSA poll

DEUTSCHE BANK

Moody’s said it has placed Deutsche Bank’s rating on review for upgrade.

SIEMENS

Germany’s Siemens on Monday said it signed an agreement to buy U.S.-based Supplyframe for $700 million.

VOLKSWAGEN, DAIMLER, BMW

The supply of crucial semiconductors to the car sector could remain tight until 2022, the chief executive of the world’s largest automotive supplier, Robert Bosch GmbH, told German newspaper Frankfurter Allgemeine Zeitung.

BOLT

Estonian start-up Bolt launched electric scooter services in nine German cities.

TESLA

Tesla Chief Executive Elon Musk called for cuts to German red tape as he said it was unclear when exactly the first electric car would roll off the production line of its planned plant outside Berlin.

GRAND CITY PROPERTIES

The real estate firm said net rental income dropped 4% in the first-quarter due to the disposals of non-core assets.

DERMAPHARM

First-quarter results due.

ELRINGKLINGER

The group’s EKPO Fuel Cell Technologies unit has secured a high-volume series production contract for fuel cell stacks.

SUSE

Enterprise software company SUSE has priced its Frankfurt initial public offering at 30 euros ($36.49) a share, it said on Monday, marking the lower end of its 29-34 euros per share marketing range.

HENSOLDT

First-quarter results due.

RTL

The group will merge its M6 division with leading French broadcaster TF1, it said on Monday.

ANNUAL GENERAL MEETINGS

COMMERZBANK – 0 eur/shr dividend proposed

AAREAL BANK – 0.40 eur/shr dividend proposed

ELRINGKLINGER – 0 eur/shr dividend proposed

HENSOLDT – 0.13 eur/shr dividend proposed

EX-DIVIDEND

KRONES – 0.06 euros/shr dividend

OVERSEAS STOCK MARKETS

!RIC {.DJI} is invalid S&P 500 -0.3%, Nasdaq -0.4% at close.

Nikkei +2.1%, Shanghai stocks +0.1%.

Time: 4:48 GMT

ECONOMY

No major German economic data scheduled.

DIARIES

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