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German stocks - Factors to watch on Jan. 9

Published 09/01/2019, 04:48 pm
Updated 09/01/2019, 04:50 pm
© Reuters.  German stocks - Factors to watch on Jan. 9

BERLIN, Jan 9 (Reuters) - The following are some of the factors that may move German stocks on Wednesday:

BASF BASFn.DE

BASF is looking to shed a sizeable portfolio of assets to try to salvage a deal it struck in 2017 to buy Belgian chemicals group Solvay's SOLB.BR polyamide business, people close to the matter said. DAIGn.DE

Mercedes-Benz sold 2.31 million passenger cars last year, likely enough to make it the top-selling premium automotive brand in 2018. BANK DBKGn.DE

The management board has decided to cut the lender's 2018 bonus pool by around 10 percent in an effort to cut costs while retaining talent, Bloomberg reported. SIEGn.DE

Siemens and Alstom ALSO.PA executives met European Union Competition Commissioner Margrethe Vestager in what may be a last-ditch bid to rescue their rail deal, Bloomberg reported, citing two people familiar with the matter. HOTG.DE

Hochtief's Cimic Group CIM.AX won a coal contract in Australia worth A$155 million, the company said. UN01.DE

Activist fund Elliott has further raised its stake in Uniper, the German energy group said in a voting rights announcement. STOCK MARKETS

Dow Jones .DJI +1.1 pct, S&P 500 .SPX +1.0 pct, Nasdaq .IXIC +1.1 pct at close. .N

Nikkei .N225 +1.3 pct, Shanghai stocks .SSEC +1.7 pct. .T .SS

Time: 5:48 GMT.

GERMAN ECONOMIC DATA

* November trade balance due at 0700 GMT. Seen at +18 bln euros, with exports -0.3 pct m/m, imports unchanged.

* VDMA engineering orders due

EUROPEAN FACTORS TO WATCH WATCH/EU

DIARIES DE/DIA WEU/EQUITY

REUTERS TOP NEWS TOP/NEWS

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