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German stocks - Factors to watch on September 17

Stock Markets Sep 17, 2019 15:00
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BERLIN/FRANKFURT, Sept 17 (Reuters) - The following are some of the factors that may move German stocks on Tuesday:

BECHTLE BC8G.DE

Capital market day due.

SAP SAPG.DE

The German-speaking user group for SAP, the business software company, holds its annual conference.

TOM TAILOR TTIGn.DE

The retailer said it was close to striking a deal with creditor banks and majority shareholder Fosun about a new loan until 2022. A bridge loan has been extended until October 2019 and Fosun has also extended a short-term loan. VOSG.DE

Appointed Oliver Schuster as chief executive effective October 1 to replace Andreas Busemann, and said the executive board of Vossloh Group will be managed by two executive board members and concentrate on rail infrastructure. PROPERTIES ADJ.DE

The real estate company confirmed exploratory talks about the sale of its 5,800 residential apartment units. Australian subsidiary Cimic Group CIM.AX said it has won a $463 million contract to build Sydney metro station project. ZALG.DE

Sweden's Kinnevik said it had completed the placement of 13.13 million shares in Zalando to institutional investors by way of accelerated bookbuilding with transaction gross proceeds of 558 million euros ($614.30 million), representing 5.2% of the company's issued share capital. STOCK MARKETS

Dow Jones .DJI -0.5%, S&P 500 .SPX -0.3%, Nasdaq .IXIC -0.3% at close. .N

Nikkei .N225 +0.1%, Shanghai stocks .SSEC -1%. .T .SS

Time: 4:49 GMT

GERMAN ECONOMIC DATA

ZEW September business climate due at 0900 GMT. Economic sentiment seen at -37.0, current conditions at -15.0.

EUROPEAN FACTORS TO WATCH WATCH/EU

DIARIES DE/DIA WEU/EQUITY

REUTERS TOP NEWS TOP/NEWS

($1 = 0.9083 euros)

German stocks - Factors to watch on September 17
 

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