German stocks - Factors to watch on July 26

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FRANKFURT, July 26 | Tue Jul 26, 2011 2:13am EDT

FRANKFURT, July 26 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.2 percent higher on Tuesday according to premarket data from brokerage Lang & Schwarz at 0605 GMT.

The following are some of the factors that may move German stocks (share price indications at 0605 GMT):

DEUTSCHE BANK AG (DBKGn.DE)

Indicated 0.7 percent lower

Germany's largest lender named Anshu Jain and Juergen Fitschen as co-chiefs from May 2012 and said it was working toward current Chief Executive Josef Ackermann replacing Clemens Boersig as Chairman of the supervisory board at the same time. [ID:nLDE76O1D]

Separately the lender reported quarterly pretax profit missed expectations, hit by lower trading volumes. [ID:nWEB1453]

Related news [DBKGn.DE-E]

METRO (MEOG.DE)

Indicated 1.0 percent lower

The retailer confirmed its full-year outlook although EBIT before special items at its Media-Saturn business fell short of market. [ID:nWEB1472]

Related news [MEOG.DE-E]

MUNICH RE (MUVGn.DE)

Indicated 0.2 percent lower

The reinsurer aims to boost premiums from renewable energy companies to 300-500 million euros ($430-717 million) 2015, up from about 50 million euros currently, executive board member Torsten Jeworrek told Frankfurter Allgemeine Zeitung in an interview.

Related news [MUVGn.DE-E]

LANXESS (LXSG.DE)

Indicated 0.3 percent lower

The rubber chemicals group has walked away from talks to buy Belgium's Taminco as it could not agree with seller CVC over the price, Financial Times Deutschland reported, citing sources. [ID:nLDE76O1B7]

Related news [LXSG.DE-E]

QIAGEN (QGEN.DE) (QGEN.O)

Indicated 5.0 percent lower

The Genetic-testing specialist cut its full-year outlook as health care budget cuts weigh on growth in U.S. and European markets.

Related news [QGEN.DE-E]

OVERSEAS STOCK MARKETS

Dow Jones .DJI -0.70 pct, S&P 500 .SPX -0.56 pct, Nasdaq .IXIC -0.56 pct at Monday's close. [ID:nN1E76O1M6]

Nikkei .N225 -0.47 pct at close. [ID:nL3E7IQ0FQ]

EURO ZONE PERIPHERAL DEBT CRISIS

Germany's economy minister will meet on Wednesday with around 20 German business groups to discuss how to boost investment in the Greek economy, the ministry said on Monday.

Related news [EU-GR-LEN]

EUROPEAN FACTORS TO WATCH [WATCH/EU]

DIARIES [DE/DIA] [WEU/EQUITY]

REUTERS TOP NEWS [TOP/NEWS]

(Reporting by Josie Cox)

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