German stocks - Factors to watch on Aug 27

FRANKFURT Aug 27 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.1 percent lower on Wednesday, according to pre-market data from brokers at 0630 GMT.

The following are some of the factors that may move German stocks on Wednesday (share price indications at 0630 GMT):

COMMERZBANK (CBKG.DE), ALLIANZ (ALVG.DE)

Commerzbank indicated unchanged

Allianz indicated 0.1 percent higher

Talks over the sale of Dresdner Bank are in full swing, sources familiar with the matter told Reuters, with both China Development Bank (CDB) [CHDB.UL] and Commerzbank (CBKG.DE) involved. [ID:nLQ64432]

The Frankfurter Allgemeine Zeitung newspaper said CDB was prepared to pay considerably more for Dresdner than Commerzbank.

Related news [CBKG.DE-E] [ALVG.DE-E]

TUI (TUIGn.DE)

Indicated 1.0 percent lower

Neptune Orient Lines (NOL) (NEPS.SI) has not yet decided whether to go through with a bid for TUI's Hapag-Lloyd unit and the market environment for a purchase has deteriorated, NOL's CEO told German newspaper Die Welt.

He told Frankfurter Allgemeine Zeitung newspaper it was not clear whether TUI will sell the unit and that a bidding war was not likely. [ID:nLQ474997]

Related news [TUIGn.DE-E]

E.ON EONG.DE

Indicated 0.1 percent higher

E.ON will cut 1,800 sales jobs, closing two-thirds of its service centres in Germany, the head of the company's power unit told German daily Die Welt. [ID:nLQ455719]

Related news [EONG.DE-E]

BAYER BAYG.DE

Indicated 0.6 percent higher

Bristol-Myers Squibb (BMY.N) and Pfizer (PFE.N) said their apixaban blood clot preventer -- a potential rival to rivaroxaban, which is being co-developed by Bayer and Johnson & Johnson (JNJ.N) -- failed its primary goal in a late-stage trial and that they no longer plan to seek marketing approval next year for the pill. [ID:nN26375896]

Related news [BAYG.DE-E]

GfK (GFKG.DE)

Indicated 5.7 percent higher

GfK said it has terminated its offer for British market research group Taylor Nelson Sofres TNS.L. [ID:nEuHAA152a]

Related news [GFKG.DE-E]

VTG (VT9G.DE)

Indicated 5.1 percent higher

VTG reported a 26.7 percent increase in H1 EBITDA to 77.8 million euros, beating market expectations, and raised its full-year 2008 outlook for EBITDA to rise 11-14 percent from an earlier forecast of a 5-8 percent EBITDA rise. [ID:nEQqxmyrwq]

Related news [VT9G.DE-E]

RESEARCH ALERTS

- Merrill Lynch raised Commerzbank (CBKG.DE) price objective to 23.8 euros from 23.7 euros, rating buy, dealers said.

Commerzbank indicated unchanged

- Credit Suise raised Henkel (HNKG_p.DE) to neutral from underperform, raised price target to 30 euros from 29 euros, dealers said.

Henkel indicated 0.8 percent higher

- Goldman Sachs raised ProSiebenSat.1 (PSMG_p.DE) to buy from neutral, cut price target to 7.93 euros from 8.50 euros, dealers said.

ProSiebenSat.1 indicated 3.8 percent higher

- Goldman Sachs cut Premiere PREGn.DE price target to 13.88 euros from 14 euros, rating neutral, dealers said.

Premiere indicated 1.7 percent lower

- Goldman Sachs started Axel Springer (SPRGn.DE) with neutral, price target 79.30 euros, dealers said.

Axel Springer indficated 0.3 percent lower

OVERSEAS STOCK MARKETS

Dow Jones .DJI +0.2 pct, S&P 500 .SPX +0.4 pct, Nasdaq .IXIC -0.2 pct. [ID:nN26380969]

Nikkei .N225 -0.2 pct. [ID:nTKB002987]

MOSCOW CAR SHOW

Car makers descend on Moscow this week to show off new models to a Russian public whose soaring incomes are fast making Russia the largest car market in Europe. [ID:nLQ371901] [ID:nT5800] [ID:nLQ379637]

GERMAN ECONOMIC DATA

Preliminary CPI, HICP for August. HICP seen at -0.2 pct m/m, +3.4 pct y/y.

Import prices rose 0.6 pct m/m and 9.3 pct y/y in July. [ID:nBAE001354]

ECONDE G7TODAY

European factors to watch [WATCH/EU]

Diaries [DE/DIA] [WEU/EQUITY]

Reuters TOP NEWS [ID:nTOPNEWS] (Reporting by Sylvia Westall and Peter Starck)