German stocks - Factors to watch on October 29

FRANKFURT Oct 29 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.2 percent lower on Friday, according to premarket data from brokers Lang & Schwarz at 0605 GMT.

The following are some of the factors that may move German stocks (share price indications at 0606 GMT):

SAP (SAPG.DE)

Indicated unchanged

SAP made a last-minute change in legal strategy on Thursday night to narrow the scope of a high-stakes trial over charges it stole intellectual property from Oracle Corp (ORCL.O). That prompted Oracle to ask a judge to delay the start of court proceedings by three days so it can revise its own trial strategy. SAP said in a court filing that it would prefer to keep to the original schedule. [ID:nN28287298]

Related news [SAPG.DE-E]

DEUTSCHE BANK (DBKGn.DE)

Indicated 0.2 percent higher

Shareholders representing 1.29 percent of Postbank (DPBGn.DE) voting capital have tendered their shares in response to Deutsche Bank's takeover offer, Deutsche Bank said late Thursday. Deutsche Bank now controls a 31.24 percent voting stake in Postbank. Postbank shareholders have until November 24 to tender shares.

Related news [DBKGn.DE-E]

ALLIANZ AG (ALVG.DE), MUNICH RE (MUVGn.DE)

Allianz indicated 0.2 percent higher

Munich Re indicated 0.1 percent higher

The German reinsurers have been deemed globally "systematically relevant" Handelsblatt newspaper reported. So far, Deutsche Bank was the only candidate for the globally-recognized list, which is being compiled by financial regulators and is due to be published next year.

Related new [ALVG.DE-E] [MUVGn.DE-E]

COMMERZBANK (CBKG.DE)

Indicated 0.2 percent lower

The lender expects to post earnings of up to 1 billion euros in its private banking business in 2012, Boersen-Zeitung newspaper reported.

Related news [CBKG.DE-E]

LUFTHANSA (LHAG.DE)

Indicated 0.1 percent higher

Rival British Airways BAY.L reported profit before tax of 158 million pounds sterling in the six months ended September, up from a loss of 292 million in the year earlier period. It said that it will complete its merger with Spain's Iberia IBLA.MC -- which also swung to a nine-month profit from a year earlier loss -- by January 2011 and remains positive but warns that the economic environment continues to be subject to uncertainty. [ID:nWLA6553]

Related news [LHAG.DE-E]

SIEMENS (SIEGn.DE)

Indicated unchanged

The engineering conglomerate has said that there will be no more job cuts at its unit Siemens IT Solutions and Services (SIS), German newspaper Die Welt reported.

Related news [SIEGn.DE-E]

ELRINGKLINGER AG (ZILGn.DE)

Indicated 1.4 percent higher

The gasket specialist said nine-month sales to end-September rose 39.8 percent to 586.2 million euros, with EBIT at 85.7 million euros. For poll published ahead of results click [ID:nLDE69P0TZ]

Related news [ZILG.DE-E]

HOCHTIEF (HOTG.DE)

Indicated 0.1 percent lower

Spanish predator ACS (ACS.MC), which last month made a low-ball all-share advance on Hochtief, on Thursday evening posted a 36.5 percent decline in nine-month net profit to 1.13 billion euros, in line with analyst forecasts, due to lower one-time gains from asset sales compared with a year ago. [ID:nLDE69R280]

Related news [HOTG.DE-E]

GEA (G1AG.DE)

Indicated unchanged

The industrial engineering group posted a 20 percent rise in order-uptake on the prior year quarter. It posted third-quarter EBIT of 61.1 million euros and confirmed its full-year outlook. For poll published ahead of results click [ID:nLDE69P0RM]

Related news [G1AG.DE-E]

BILFINGER BERGER (GBFG.DE)

Indicated unchanged

The construction group's management is due to vote on whether former Hesse state premier Roland Koch is to become the company's new chief executive officer, Financial Times Deutschland reported.

Related news [GBFG.DE-E]

MORPHOSYS (MORG.DE)

Indicated 1.8 percent lower

The biotech firm reported a net profit to 7.2 million euros in the nine months ending September, down from 7.7 million euros last year. For poll published ahead of results click [ID:nLDE69L0FD]

Related news [MORG.DE-E]

OVERSEAS STOCK MARKETS

Dow Jones .DJI -0.1 pct, S&P 500 .SPX +0.1 pct, Nasdaq .IXIC +0.2 percent at Thursday's close. [ID:nN28135817]

Nikkei .N225 -1.8 pct at close. [ID:nTOE69S07C]

GERMAN ECONOMIC DATA

Real retail sales month-on-month and year-on-year for September due at 0600 GMT. Seen down 2.2 percent year-on-year, and up 0.6 percent month-on-month. ECONDE G7TODAY

WESTLB [WDLG.UL]

The bank will meet a European Union deadline to change ownership by the end of 2011 thanks to "robust" interest from potential bidders, the official sales agent said on Thursday. Friedrich Merz, who was appointed by WestLB's owners to oversee a sale of the Duesseldorf-based lender, added that a number of well-known strategic and financial investors from Germany and abroad had submitted expressions of interest. [ID:nLDE69R27B]

Related news [WDLG.UL-E]

EUROPEAN FACTORS TO WATCH [WATCH/EU]

DIARIES [DE/DIA] [WEU/EWQUITY]

REUTERS TOP NEWS [ID:NTOPNEWS]

(Reporting by Josie Cox)