BERLIN/FRANKFURT, July 8 (Reuters) - The following are some of the factors that may move German stocks on Wednesday:
CORONAVIRUS
The number of confirmed coronavirus cases in Germany increased by 397 to 197,341, data from the Robert Koch Institute (RKI) for infectious diseases showed on Wednesday. POST DPWGn.DE
German logistics group Deutsche Post AG reported a 16% rise in second-quarter operating profit on Tuesday and said it would pay its 500,000 employees a 300 euro ($339) bonus each as a reward for their efforts during the coronavirus crisis. logistics company DHL plans to cut as many as 2,200 jobs of U.K-based workers at Jaguar Land Rover factories, the Unite trade union said on Tuesday. BANK DBKGn.DE
Bank Of New York Mellon Corp BK.N said BNY Mellon and Deutsche Bank had jointly developed a new API-enabled foreign-exchange (FX) solution.
MAN SE MANG.DE
The company announced the departure of Joachim Drees of the management boards of MAN SE, Traton SE and MAN Truck & Bus SE effect as of 15 July 2020. ZALG.DE
German online fashion retailer Zalando ZALG.DE will delist all products made by Britain's Boohoo B OOH.L following a media report about dire working conditions in a English factory that supplied the popular brand. GENERAL MEETINGS
DAIMLER AG DAIGn.DE - 0.90 eur/shr dividend proposed
DIC ASSET AG DICn.DE - 0.66 eur/shr dividend proposed
SALZGITTER AG SZGG.DE - 0 eur/shr dividend proposed
ANALYSTS' VIEWS
DIALOG SEMICONDUCTOR PLC DLGS.DE : CREDIT SUISSE RAISES TARGET PRICE TO EUR 51 FROM EUR 47
AIRBUS GROUP AIR.PA : CREDIT SUISSE CUTS TARGET PRICE TO EUR 78 FROM EUR 82
DEUTSCHE POST AG DPWGn.DE : CREDIT SUISSE RAISES TARGET PRICE TO EUR 34.17 FROM EUR 32.03
TRATON SE 8TRA.DE : JEFFERIES CUTS TARGET PRICE TO EUR 22 FROM EUR 23
OVERSEAS STOCK MARKETS
Dow Jones .DJI -1.5%, S&P 500 .SPX -1.1%, Nasdaq .IXIC -0.9% at close. .N
Nikkei .N225 -0.4%, Shanghai stocks .SSEC +0.7%. .T .SS
Time: 4:44 GMT
GERMAN ECONOMIC DATA
No major economic data scheduled.
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