German stocks - Factors to watch on August 30

FRANKFURT Aug 30 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.5 percent higher on Monday, according to premarket data from brokers Lang & Schwarz at 0600 GMT.

The following are some of the factors that may move German stocks (share price indications at 0558 GMT):

INFINEON (IFXGn.DE)

Indicated 1.1 percent higher

U.S. chipmaker Intel (INTC.O) is to buy the German chipmaker's wireless business in a cash deal valued at $1.4 billion euros, Infineon said. [ID:nWEA5937]

Related news [IFXGn.DE-E]

K+S SDFG.DE

Indicated 1.1 percent higher

Potash miner K+S SDFG.DE is specialised enough to weather any takeover of Canadian rival Potash Corp (POT.TO) and survive as a standalone entity, the German firm's finance director told a newspaper. [ID:nLDE67R05I]

Related news [SDFG.DE-E]

DEUTSCHE BANK (DBKGn.DE)

Indicated 1 percent higher

Deutsche Bank said it would back German investor Nicolas Berggruen's efforts to secure the future of insolvent department store chain Karstadt, a bank board member told a German daily on Saturday.

Related news [DBKGn.DE-E]

SIEMENS (SIEGn.DE)

Indicated 1.2 percent higher

Nokia (NOK1V.HE) and Siemens have confirmed talks with private equity firms over a possible investment into Nokia Siemens Networks (NSN), the Financial Times said on its website on Sunday. [ID:nLDE67S0GQ]

Related news [SIEGn.DE-E]

BASF (BASFn.DE)

Indicated 1.6 percent higher

UK oil and gas explorer Encore Oil EO.L and BASF's Wintershall, will announce a new North Sea oil find this week, according to the UK's Sunday Times, in what would be the latest in a string of large discoveries this year. [ID:nLDE67S088]

Related news [BASFn.DE-E]

RWE (RWEG.DE)

Indicated 1.1 percent higher

Iraq's oil ministry said on Sunday the agreement Germany's RWE signed with the Kurdish Regional Government, which included possible future gas supply for the Nabucco pipeline project, is illegal. [ID:nLDE67S066]

Separately, Chancellor Angela Merkel spoke out in favour of extending the use of nuclear power plants in Germany in a television interview on Sunday, saying it would be reasonable if they could run another 10 to 15 years. [ID:nLDE67S0D1]

Related news [RWEG.DE-E]

DEUTSCHE TELEKOM (DTEGn.DE)

Indicated 0.8 percent higher

The group intends to overtake rival pay-TV broadcaster Sky Deutschland <SKYDn.DE-E] to become the market leader in Germany, board member Niek Jan van Damme told Focus magazine.

Related news [DTEGn.DE-E]

VOLKSWAGEN'S (VOWG_p.DE) PORSCHE (PSHG_p.DE)

Volkswagen indicated 1.3 percent higher

Porsche indicated 0.2 percent higher

Porsche will file a petition on Wednesday with a U.S. court in New York to dismiss a lawsuit alleging the German carmaker had committed securities fraud, according to Frankfurter Allgemeine Sonntagszeitung, citing a Porsche spokesman. A group of hedge funds said Porsche SE had deliberately deceived the market as to its intentions to build up a 75 percent stake in Volkswagen.

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

TUI (TUIGn.DE)

Indicated 0.2 percent higher

Major shareholder and Russian steel tycoon Alexei Mordashov wants to increase his stake in the company to between 25 and 30 percent, Handelsblatt daily reports.

Related news [TUIGn.DE-E]

DEUTSCHE WOHNEN AG (DWNG.DE)

Indicated 3 percent higher

The real estate company is due to report Q2 results.

OVERSEAS STOCK MARKETS

Dow Jones .DJI +1.7 pct, S&P 500 .SPX +1.7 pct, Nasdaq .IXIC +1.7 at Friday's close. [ID:nN2797780]

Nikkei .N225 +1.8 pct at close. [ID:nSGE67T01Z]

NORDLB [NDLGP.UL]

The landesbank, which scraped through recent EU financial health checks, will take steps to bolster its capital in the near future, CEO Gunter Dunkel told a German daily on Saturday. [ID:nLDE67R06G]

Related news [NDLGP.UL-E]

EUROPEAN FACTORS TO WATCH [WATCH/EU]

DIARIES [DE/DIA] [WEU/EWQUITY]

REUTERS TOP NEWS [ID:NTOPNEWS]

(Reporting by Josie Cox and Marilyn Gerlach) (josie.cox@thomsonreuters.com; +49 69 7565 1207; Reuters Messaging: josie.cox.reuters.com@reuters.com)) ($1=.7861 Euro)