BERLIN/FRANKFURT, Oct 24 (Reuters) – The following are some of the factors that may move German stocks on Thursday:
ECB
Mario Draghi may be the man who saved the euro but his last press conference as President of the European Central Bank on Thursday is unlikely to be the grand finale he was hoping for.
AUTOS, TRUCKS
Handelsblatt auto conference takes place in Stuttgart with Daimler CEO Ola Kaellenius, Volkswagen executive board member Stefan Sommer and the head of Germany’s VDA lobby group, Bernhard Mattes, among the speakers.
Separately, Daimler’s third-quarter results due. Operating profit seen a 2.5 billion euros. Poll:
In addition, hearings in a Munich lawsuit are due to start in which a transport business association is seeking billion-euro indemnities from truck makers including Daimler and Traton brands, accusing them of having formed a cartel.
BASF
Third-quarter results due. Sales seen at 15.11 billion euros ($16.79 billion).
LINDE
Industrials gases group Linde plans to cut more than 11% of its German workforce following its merger with U.S. rival Praxair, a person familiar with the plans told Reuters.
KION
Quarterly results due.
METRO
Quarterly results due.
DIALOG SEMICONDUCTOR
The chip designer said it expected to post around a $409 million revenue in the third quarter, higher than it originally forecast.
PUMA
Quarterly results due. Sales in the third-quarter seen at 1.45 billion euros.
SILTRONIC
Quarterly results due.
AIXTRON
Quarterly results due.
CECONOMY
The group said it expects EBIT and EBITDA in 2018/19 to be on the prior year’s level.
TELEFONICA DEUTSCHLAND
The group extended the contract of its CFO until July 2023.
WACKER CHEMIE
Quarterly results due.
TAKKT
The group now expects its EBITDA margin to come in at the lower end of its guidance.
OVERSEAS STOCK MARKETS
Dow Jones +0.2%, S&P 500 +0.3%, Nasdaq +0.2% at close.
Nikkei +0.6%, Shanghai stocks -0.2%.
Time: 4:54 GMT
GERMAN ECONOMIC DATA
Markit October flash PMI data due at 0730 GMT. Manufacturing seen at 42.0, services at 52.0, composite at 48.8.
DIARIES
REUTERS TOP NEWS ($1 = 0.8997 euros) (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
.
