German stocks - Factors to watch on May 4

FRANKFURT May 4 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.5 percent lower on Wednesday, according to premarket data from brokers Lang & Schwarz at 0611 GMT.

The following are some of the factors that may move German stocks (share price indications at 0611 GMT):

SIEMENS (SIEGn.DE)

Indicated 0.9 percent higher

The German industrial conglomerate raised its full year outlook as second-quarter profit rose more than expected on a one-off gain and emerging market demand. [ID:nLDE74300X]

Related news [SIEGn.DE-E]

BMW (BMWG.DE)

Indicated 0.3 percent lower

Q1 results. The German carmaker is expected to report its first-quarter operating margin at its core Automobiles segment widened to 9.5 percent from 2.7 percent in the year-earlier period. Poll: [ID:nLDE73S0YF]

Separately, the carmaker's U.S. unit sales in April rose 19.6 percent year-on-year to 25,247 vehicles. [ID:nN03101057]

Related news [BMWG.DE-E]

DEUTSCHE TELEKOM (DTEGn.DE)

Indicated unchanged

The U.S. Justice Department has decided to pursue an in-depth investigation of AT&T's (T.N) plan to buy of T-Mobile USA, according to a source familiar with the deal. [ID:nN03109902]

Related news [DTEGn.DE-E]

HENKEL (HNKG_p.DE)

Indicated 1.3 percent higher

The German consumer goods company slightly increased its sales guidance for 2011 after beating expectations with first-quarter results thanks to growth in cosmetics and adhesives. [ID:nFAB016050]

Related news [HNKG_p.DE-E]

FRESENIUS SE (FREG.DE)

Indicated 0.3 percent higher

The German healthcare conglomerate raised its 2011 outlook as its generic infusion drug division continues to benefit from new product launches and rivals' supply shortages. [ID:nLDE743049]

Related news [FREG.DE-E]

FRESENIUS MEDICAL CARE (FMEG.DE)

Indicated 0.1 percent higher

The world's largest dialysis company, raised its 2011 outlook after a reduction in Medicare reimbursement that weighed on first quarter result was lifted. [ID:nLDE74304E]

Related news [FMEG.DE-E]

LINDE (LING.DE)

Indicated 0.8 percent higher

The world's No.2 industrial gases group reported stronger than expected quarterly pretax profit as the global economic recovery boosted demand for industrial gases. [ID:nLDE74224Q]

Related news [LING.DE-E]

BASF (BASFn.DE)

Indicated 0.1 percent lower

Following a string of takeovers in Europe and the United States, BASF continues having a hard time finding suitable targets in Asia, the German company's biggest growth market, CEO-designate Kurt Bock said. [ID:LDE7421IO]

Related news [BASFn.DE-E]

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

Volkswagen indicated 2.5 percent lower

Porsche indicated 0.8 percent lower

Volkwagen trading 2.26 euros/share ex-dividend.

Volkswagen's U.S. unit sales in April rose 23.4 percent year-on-year to 28,542 vehicles while Porsche AG saw U.S. sales rise 81.6 percent to 3,172 cars. [ID:nN03101057]

Volkswagen's Audi unit posted U.S. sales of 10,018 cars in April, up 7.5 percent from a year earlier. [ID:nPnDE94600]

Related news [VOWG_p.DE-E]

DAIMLER (DAIGn.DE)

Indicated 0.7 percent lower

The group's Mercedes-Benz USA business said April unit sales rose 5.1 percent year-on-year to 19,157 vehicles. [ID:nWNAB6098]

Related news [DAIGn.DE-E]

DEMAG CRANES (D9CGn.DE)

Indicated 1.4 percent higher

The management and supervisory boards of Demag Cranes will examine the takeover offer from U.S. rival Terex (TEX.N) once they have received it, Demag said on Wednesday. [ID:nFAB016049]

Related news [D9CGn.DE-E]

WACKER CHEMIE (WCHG.DE)

Indicated 1.9 percent higher

Strong demand from the solar and semiconductor industries buoyed first-quarter results of the German specialty chemical group, leading the company to hike its profit outlook for the ongoing year. [ID:nLDE73R1U4]

Related news [WCHG.DE-E]

DRILLISCH (DRIG.DE), FREENET (FNTGn.DE)

Drillissch indicated 0.1 percent higher

Freenet indicated 2.7 percent higher

Drillisch said it raised its stake in Freenet to 20.23 percent from 15.20 percent.

Related news [DRIG.DE-E]

ANNUAL GENERAL MEETINGS:

ALLIANZ (ALVG.DE), proposed dividend 4.50 eur/shr

TRADING EX-DIVIDEND

VOLKSWAGEN (VOWG.DE), 2.26 eur/shr

LUFTHANSA (LHAG.DE), 0.60 eur/shr

HANNOVER RE (HNRGn.DE), 2.30 eur/shr

DELTICOM (DEXGn.DE), 2.72 eur/shr

OVERSEAS STOCK MARKETS

Dow Jones .DJI unchanged, S&P 500 .SPX -0.3 pct, Nasdaq .IXIC -0.8 pct at Tuesday's close. [ID:nN03119408]

Japanese markets are closed for the Golden Week holidays.

GERMAN ECONOMIC DATA

Final April Services PMI due at 0753 GMT. Seen at 57.7 in line with flash PMI Index published on April 19. [ID:nSLAIFE7T4] ECONDE G7TODAY

EUROZONE

Portugal agreed a three-year 78-billion-euro bailout with the European Union and IMF on Tuesday, making it the third euro zone country in a year, after Ireland and Greece, to need financial help. [ID:nLDE7420RT]

EUROPEAN FACTORS TO WATCH [WATCH/EU]

DIARIES [DE/DIA] [WEU/EQUITY]

REUTERS TOP NEWS [TOP/NEWS]

(Reporting by Harro ten Wolde and Ludwig Burger)