German stocks - Factors to watch on Oct 8

FRANKFURT Oct 8 (Reuters) - The DAX top-30 index .GDAXI looked set to open 4.5 percent lower on Wednesday, according to pre-market data from brokers at 0610 GMT.

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

BAYER BAYG.DE

Indicated 4.8 percent lower

Two television commercials for Bayer's birth control pill Yaz give a misleading impression of its benefits and minimise the drug's risks, the U.S. Food and Drug Administration said. [ID:nN07476709]

Related news [BAYG.DE-E]

HYPO REAL ESTATE HRXG.DE

Indicated 6.4 percent lower

Hypo Real Estate named Deutsche Bank (DBKGn.DE) manager Axel Wieandt as new CEO, replacing Georg Funke. [ID:nL7559248]

Related news [HRXG.DE-E]

CONTINENTAL (CONG.DE)

Indicated 4.3 percent lower

Continental is looking into a possible sale of its tyre business and has hired investment bank Perella Weinberg to look for possible buyers for that unit and for its ContiTech division, the Financial Times Deutschland newspaper reported. [ID:nL733040]

Separately, Schaeffler said on Tuesday it expects to hand in the final draft for its takeover of Continental to the European Commission next week. [ID:nL7456324]

Related news [CONG.DE-E]

THYSSENKRUPP (TKAG.DE), SALZGITTER (SZGG.DE)

ThyssenKrupp indicated 4.4 percent lower

Salzgitter indicated 6.4 percent lower

Shares of Asian steelmakers, led by Japan's Nippon (5401.T) and JFE (5411.T), slumped more than 10 percent on Wednesday as concern grows that a global credit crisis will drag economies into recession and dampen steel demand. [ID:nSEO77349]

Related news [TKAG.DE-E] [SZGG.DE-E]

DEUTSCHE BANK (DBKGn.DE)

indicated 8.5 percent lower

Merrill Lynch holds a banking conference in London at which Deutsche is scheduled to make a presentation.

Related news [DBKGn.DE-E]

DOUGLAS HOLDING (DOHG.DE)

Indicated 3.7 percent lower

Douglas reported 2007/2008 sales of 3.1 billion euros, in line with expectations, and said it would barely hit its full-year profit target. [ID:nWEB8432] [ID:nL2508087]

Related news [DOHG.DE-E]

LUFTHANSA (LHAG.DE)

Lufthansa has seen business bookings plunge since last week, with Swiss unit particularly affected, the Financial Times Deutschland quotes a spokesman as saying

Related news [LHAG.DE-E]

INITIAL PUBLIC OFFERINGS

Schott Solar (S9SG.DE) subscription period ends. [ID:nEQnrdpipm]

Deutsche Bahn is due to get an initial price range indication on Thursday, allowing a decision on whether to go ahead with the IPO. [ID:nL7176592]

OVERSEAS STOCK MARKETS

Dow Jones.DJI -5.1 pct, S&P 500 .SPX -5.7 pct, Nasdaq .IXIC -5.8 pct. [ID:nN07480588]

Nikkei .N225 -9.4 pct. [ID:nTKF003057] [ID:nHKG77476]

Hang Seng .HSI -5.6 pct. [ID:nHKG80298]

Shanghai Composite .SSEC -2.7 pct. [ID:nSHA83658]

KOSPI -5.8 pct. [ID:nSEO92613]

TAIEX .TWII -5.8 pct. [ID:nTPU000738]

GERMAN ECONOMIC DATA

Industrial production for August due at 1000 GMT; seen down 0.1 pct mth/mth. ECONDE G7TODAY

EU FINANCIAL CRISIS RESPONSE

EU finance ministers agreed to increase the minimum level of bank deposit insurance across the 27-country bloc to 50,000 euros from 20,000 euros and pledged to recapitalise any vital bank if needed. [ID:nL7293899] [ID:nBAT002409] [ID:nL7438900] [ID:nBEB002218] [ID:nL7114084]

European factors to watch [WATCH/EU]

Diaries [DE/DIA] [WEU/EQUITY]

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