German stocks - Factors to watch on May 20

FRANKFURT May 20 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.5 percent lower on Tuesday, according to pre-market data from brokers at 0625 GMT.

The following are some of the factors that may move German stocks on Tuesday (share price indications at 0625 GMT):

BAYER BAYG.DE

Indicated 0.3 percent lower

Bayer and Onyx Pharmaceuticals Inc's (ONXX.O) cancer drug Nexavar showed promise in a small study of people with pulmonary hypertension, U.S. researchers said on Monday. Eight out of the first nine patients who took the drug saw improvements in their ability to exercise, and six had significant improvement in their right ventricular ejection fraction, which measures the heart's ability to pump blood to the lungs. [ID:nN19560398]

Related news [BAYG.DE-E]

DEUTSCHE TELEKOM (DTEGn.DE)

Indicated 1.0 percent lower

Standard & Poor's cut Deutsche Telekom's long-term corporate credit and senior unsecured debt ratings to 'BBB+' from 'A-', outlook stable. [ID:nWNA1543]

Moody's downgraded Deutsche Telekom's long-term ratings to Baa1 from A3. The Prime-2 rating for the company's short-term debt was not affected. The outlook is now stable. [ID:nWNA1559]

Related news [DTEGn.DE-E]

SAP (SAPG.DE)

Indicated unchanged

SAP will reach its 2010 goal to raise the number of customers to 100,000 from about 70,000 despite a slower-than-planned rollout of new software Business ByDesign, co-CEO Henning Kagermann told Reuters. [ID:nL19661061]

Related news [SAPG.DE-E]

INFINEON (IFXGn.DE)

Indicated 0.9 percent lower

Supervisory board Chairman Max Dietrich Kley, does not plan to quit, a spokesman said on Monday, speaking in response to reports that support for Kley had weakened. [ID:nWEA7592]

Related news [IFXGn.DE-E]

PREMIERE PREGn.DE

Indicated 2.5 percent higher

News Corp NWSa.N said on Monday it has raised its stake in Premiere to 25.01 percent. [ID:nWEN5837]

Related news [PREGn.DE-E]

WIRECARD (WDIG.DE)

Indicated 2.0 percent higher

WireCard reported a 51 percent rise in first-quarter profit after tax to 8.0 million euros. [ID:nL20650759]

Related news [WDIG.DE-E]

ALSTRIA OFFICE (AOXG.DE)

Indicated 1.9 percent higher

Alstria Office said Q1 FFO tripled to 9.0 million eueros and raised its full-year revenue forecast by 7.3 percent to 101 million euros. [ID:nWEA7612]

Related news [AOXG.DE-E]

ANNUAL GENERAL MEETINGS

Fresenius Medical Care (FMEG.DE), proposed dividend 0.54 eur/shr

IDS Scheer IDRG.DE, proposed dividend 0.22 eur/shr

Vivacon (VIVG.DE), proposed dividend 0.5 eur/shr

OVERSEAS STOCK MARKETS

Dow Jones .DJI +0.3 pct, S&P 500 .SPX +0.1 pct, Nasdaq .IXIC -0.5 pct. [ID:nN19526152]

Nikkei .N225 -0.8 pct. [ID:nTKV003104]

GERMAN ECONOMIC DATA

April producer prices rose more than expected, by 1.1 percent month-on-month and by 5.2 percent year-on-year. [ID:nBAE001216] [ID:nL20351479]

May ZEW investor sentiment index due at 0900 GMT, economic sentiment seen at -37.5 versus -40.7 in April.

ECONDE G7TODAY

European factors to watch [WATCH/EU]

Diaries [DE/DIA] [WEU/EQUITY]

Reuters TOP NEWS [ID:nTOPNEWS] (Reporting by Mantik Kusjanto and Peter Starck)