German stocks - Factors to watch on June 2

BERLIN/FRANKFURT, June 2 (Reuters) - The following are some of the factors that may move German stocks on Friday:

ALLIANZ (ALVG.DE)

The insurer has signed a naming rights accord with Juventus Football Club for Turin stadium.

BASF (BASFn.DE)

China's Sinopec and BASF said they would nearly double production of food preservative propionic acid at a site in east China's Nanjing.

BMW (BMWG.DE)

The luxury carmaker said U.S. sales fell 11 percent in May to 25,818 cars.

COMMERZBANK (CBKG.DE)

The lender on Thursday announced significant steps in its effort to shed its 4.5 billion euro ($5.05 billion) portfolio of distressed shipping loans.

DAIMLER (DAIGn.DE)

A federal judge in California will allow a U.S. investor class action lawsuit against Daimler and several senior executives to proceed over allegations the company did not disclose excess emissions.

LINDE (LING.DE)

The boards of Linde and Praxair (PX.N) voted on Thursday to merge, creating a $73 billion global industrial gases leader in what is likely to be the last in a wave of combinations that has resulted in a highly consolidated market.

VOLKSWAGEN (VOWG_p.DE)

Audi's emissions scandal flared up again on Thursday after the German government accused the carmaker of cheating emissions tests with its top-end models, the first time Audi has been accused of such wrongdoing in its home country.

U.S. sales in May rose 4.3 percent year on year to 30,014 vehicles, VW said.

U.S. sales at luxury brand Audi (NSUG.DE) rose 2.5 percent year on year to 19,197 cars.

EVONIK (EVKn.DE)

The new chief executive of the chemical company set himself a target of improving margins of adjusted core earnings over sales to 18-20 percent, up from 17 percent last year.

The CEO also said nothing is for sale at present but divestments are a potential lever.

ANNUAL GENERAL MEETINGS

DEUTSCHE WOHNEN (DWNG.DE) - 0.74 eur/shr dividend proposed

SLM SOLUTIONS (AM3D.DE) - no dividend proposed

ROCKET INTERNET (RKET.DE) - no dividend proposed

EX-DIVIDEND

FIELMANN (FIEG.DE) - dividend 1.80 eur/shr

SALZGITTER (SZGG.DE) - dividend 0.30 eur/shr

BECHTLE (BC8G.DE) - dividend 1.50 eur/shr

FREENET (FNTGn.DE) - dividend 1.60 eur/shr

NEMETSCHEK (NEKG.DE) - dividend 0.65 eur/shr

WUESTENROT & WUERTTEMBERGISCHE (WUWGn.DE) - dividend 0.60 eur/shr

ANALYSTS' VIEWS

LUFTHANSA (LHAG.DE) - HSBC raises "Buy" from "Hold"

OVERSEAS STOCK MARKETS

Dow Jones (.DJI) +0.7 pct, S&P 500 (.SPX) +0.8 pct, Nasdaq (.IXIC) +0.8 pct at close. (.N)

Nikkei (.N225) +1.6 pct, Shanghai stocks (.SSEC) -0.3 pct.

Time: 5.04 GMT. (.T) (.SS)

GERMAN ECONOMIC DATA

No economic data scheduled.

(ECONDE) (G7TODAY) EUROPEAN FACTORS TO WATCH (WATCH/EU)

DIARIES (DE/DIA) (WEU/EQUITY)

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