German stocks - Factors to watch on November 24

FRANKFURT Nov 24 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.5 higher on Wednesday, according to premarket data from brokers Lang & Schwarz at 0710 GMT.

The following are some of the factors that may move German stocks (share price indications at 0710 GMT):

SAP (SAPG.DE)

Indicated 3.0 percent lower

SAP AG must pay Oracle Corp (ORCL.O) $1.3 billion for software theft in a jury verdict that could be the largest-ever for copyright infringement. [ID:nN23163510]

Related news [SAPG.DE-E]

E.ON (EONGn.DE)

Indicated 0.5 percent higher

Russian Prime Minister Vladimir Putin may discuss E.ON Ruhrgas's possible sale of a 3.5 percent stake in Gazprom (GAZP.MM) with German Chancellor Angela Merkel on Friday, his spokesman said. [ID:nLDE6AN01Q]

Related news [EONGn.DE-E]

DEUTSCHE BANK (DBKGn.DE), DEUTSCHE POSTBANK (DPBGn.DE)

Deutsche Bank indicated 0.5 percent higher

Deutsche Postbank indicated unchanged

Extension period for Postbank shareholders to accept Deutsche takeover offer ends.

Separately, Deutsche Bank expects net outflows of customer funds in its private wealth management business to reverse, the head of the business said in an interview. [ID:nLDE6AM28Z]

Related news [DBKGn.DE-E] [DPBGn.DE-E]

ALLIANZ (ALVG.DE)

Indicated 0.6 percent higher

S&P downgrades Allianz U.S. unit Fireman's Fund Insurance Co. to A+ from AA-, with stable outlook, saying FFIC faces a decline in its overall competitive position, weak underwriting results and deterioration in the quality of the company's capital base.

FFIC said it remained strongly rated and was making changes to have a positive impact on its bottom line. "I'm confident we are well prepared for profitable growth", FFIC CEO Mike LaRocco said in a statement.

Related news [ALVG.DE-E]

SIEMENS (SIEGn.DE)

Indicated 0.6 percent higher

Massachusetts utility regulators have approved National Grid Plc's (NG.L) agreement to buy power from the 420-megawatt Cape Wind project, which could be the United States' first offshore wind farm. Cape Wind wants to install 130 Siemens AG (SIEGn.DE) offshore wind turbines on Horseshoe Shoal in Nantucket Sound and start generating power by the end of 2012. [ID:nN23165565]

Related news [SIEGn.DE-E]

BAYWA (BYWG.DE)

Baywa is eyeing acquisitions to strengthen its fast-growing renewable energy and agricultural business, chief financial officer Andreas Helber told Reuters. [ID:nLDE6AM23J]

Related news [BYWG.DE-E]

DEUTSCHE EUROSHOP (DEQGn.DE)

Indicated 0.3 percent lower

The company said it garnered 132 million euros ($177.1 million) in gross proceeds from a rights offering, which it will use to finance the acquisition of the Billstedt-Center Hamburg and further shopping center investments. [ID:nWEA1337]

Related news [DEQGn.DE-E]

AIR BERLIN (AB1.DE)

Indicated 0.6 percent higher

A Frankfurt court told Air Berlin pilots to call off a planned strike due to start early on Wednesday that could have crippled the operations of Germany's second-biggest airline.

[ID:nLDE6AM258]

Related news [AB1.DE-E]

OVERSEAS STOCK MARKETS

Dow Jones .DJI -1.3 pct, S&P 500 .SPX -1.4 pct, Nasdaq .IXIC -1.5 pct at Tuesday's close. [ID:nN23168295]

Nikkei .N225 -0.8 pct at close. [ID:nTOE6AN05N]

LBBW (LBWGga.F)

Germany's biggest landesbank will hold press conference on third quarter results.

Related news [LBWGga.F-E]

GERMAN ECONOMIC DATA

Ifo November data due at 0900 GMT. Business climate seen at 107.4 in Reuters poll. Current conditions seen at 110.3

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(Reporting by Harro ten Wolde)