Halister News

(Bloomberg) -- Munich Re to publish final annual results. Fraport, Brenntag, Bilfinger to report full-year earnings. German top court hears suits by RWE, EON and Vattenfall over nuclear exit. Binding bids deadline for Vattenfall’s German lignite assets. Germany to sell bonds. Fed to announce rates decision. ALL TIMES CET WHAT TO WATCH:

• In the press:
  • Volkswagen Passat model recall faces delay in Europe: Bild
  • Ann-Kristin Achleitner to join Deutsche Boerse supervisory board: Handelsblatt

• Other company news:
  • Rocket will stick with Africa even if profits 7 years off: CEO

• Other news:
  • German top court hears suits by RWE, EON and Vattenfall over nuclear exit: Second day of hearing
  • Hanover airport closed on bomb alert, Bild reports

EARNINGS:

• Brenntag, FY, 7am, to see estimates click here
• Fraport, FY, 7am, to see estimates click here
• Bilfinger, FY, 7:30am, to see estimates click here
• Munich Re: final FY results, 7:45am, to see preliminary results click here
• Bechtle: FY, 10am, to see estimates click here
• BMW: annual press conference, 10am, to see preliminary results click here
• Deutsche Bahn, FY, 11am
• Other FY earnings:
  • Gerry Weber
  • Elmos Semiconductor
  • Siltronic

ECONOMY:

• 11am: Euro area construction output Jan. m/m (prev. -0.6%)
• 8am: Europe EU 27 new passenger car registrations

CENTRAL BANKS:

• No Bundesbank/ECB events scheduled

BOND SALES/PURCHASES:

• 11:35am: Germany to sell EU4b 0.5% 2026 bonds

GOVERNMENT:

• 1:00pm: Chancellor Angela Merkel previews Germany’s position on European Union summit starting the following day. 1 p.m. Bundestag
• 4:00pm: Merkel will deliver address at the general assembly of DIHK chamber of commerce
• 6:30pm: Finance Minister Wolfgang Schaeuble takes part in panel on “Europe’s Myth” along with two academics

CORPORATE EVENTS/CONFERENCES:

• BofAML Global Industrials & EU Autos Conf.: Continental AG
• Analyst/Investor meetings: Munich Re
• Roadshows: Adidas, Hugo Boss, Continental AG, Deutsche Post
• 9am: Energy Brainpool Trading Conference
• Deutsche Bank co-CEO Cryan speaks at Morgan Stanley Conference

MARKETS

• DAX Index lost 0.6% to 9,933.85
• Stoxx Europe 600 fell 1.1% to 340.86
• German 10YR bond yield 0.316%
• Bund future closed at 161.17
• EUR down 0.1% to $1.1096
• Brent crude up 1% to $39.12
• Gold up 0.1% to $1,233.22

TV HIGHLIGHTS: Selected Bloomberg TV guests, all times CET

• 7:30am: Mike Cherry, Federation of Small Businesses, national policy chairman
• 8:15am: Guy Grainger, Jones Lang Lasalle, CEO
• 10am: Holger Schmieding, Berenberg, chief economist
• 11am: Howard Davies, RBS, chairman
• 3:45pm: Jean-Claude Biver, Tag Heuer, CEO
• 4:30pm: Seema Malhotra, shadow chief secretary to the treasury
• 5:30pm: Alexander Dryden, JPMorgan Chase, strategist
• For event coverage, see LIVE