German stocks - Factors to watch on Sept 2

FRANKFURT, Sept 2 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.4 percent lower on Tuesday, according to pre-market data from brokers at 0610 GMT.

The following are some of the factors that may move German stocks on Tuesday (share price indications at 0610 GMT):

BAYER BAYG.DE

Indicated 0.1 percent lower

Bayer joins the DJ STOXX 50 index .STOXX50 effective Sept. 22, index provider STOXX Ltd said.

Separately, Bayer said it had submitted a marketing authorisation application to the European Medicines Agency for recombinant human thrombin as a topical aid to control surgical bleeding.

[BAYG.DE-E]

PORSCHE (PSHG_p.DE), VOLKSWAGEN (VOWG.DE)

Porsche indicated 0.7 percent higher

VW indicated 0.4 percent lower

Porsche will raise its 31 percent VW voting stake by 4.9 percent "in the course of September", Porsche said. [ID:nL1496877]

Related news [PSHG_p.DE-E] [VOWG.DE-E]

DEUTSCHE BOERSE (DB1Gn.DE)

Indicated 1.5 percent lower

Xetra turnover fell 49 percent year-on-year in August. On Eurex, the number of contracts traded fell 28 percent. [ID:nL1393837]

Related news [DB1Gn.DE-E]

COMMERZBANK (CBKG.DE)

Commerzbank plans to drop the Dresdner Bank name after it takes over its rival, Commerzbank chief Martin Blessing told Germany's Bild newspaper.

Related news [CBKG.DE-E]

CONTINENTAL (CONG.DE)

Indicated 0.2 percent lower

Schaeffler is due to announce the outcome of its tender for Continental shares.

Related news [CONG.DE-E]

ARCANDOR (AROG.DE)

Indicated 0.8 percent higher

Arcandor plans to cut 400 to 450 of the some 2,000 jobs at the Essen headquarters of its ailing Karstadt department store business, a company spokesman said, declining to comment on a Neue Ruhr/Neue Rhein Zeitung newspaper report that the cuts would happen this year. [ID:nL2733280]

Related news [AROG.DE-E]

ERSOL ES6G.DE

Indicated 0.1 percent higher

Bosch [ROBG.UL] said it holds 85.65 percent in Ersol as of Sept. 1 after its offer for the company expired.

Related news [ES6G.DE-E]

REPOWER RPWGn.DE

Indicated 0.8 percent higher

India's Suzlon Energy Ltd (SUZL.BO) submitted a request to the REpower executive board to begin negotiations on a control and profit transfer agreement. [ID:nAWPBarpa]

Related news [RPWGn.DE-E]

OVERSEAS STOCK MARKETS

U.S. markets were closed on Monday for Labor Day. [ID:nN29414867] [ID:nSEO69191]

Nikkei .N225 -1.75 pct. [ID:nTKG003020]

CARS & CO2

Car makers could get an extra three years to meet European Union curbs on carbon dioxide emissions following a committee vote in the European Parliament. The European Commission had originally proposed capping carbon dioxide emissions from new cars to an average of 130 grams per kilometre by 2012 compared with a current EU average of 158g. [ID:nL1339386]

European factors to watch [WATCH/EU]

Diaries [DE/DIA] [WEU/EQUITY]

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