German stocks - Factors to watch on June 28

FRANKFURT, June 28 (Reuters) - The DAX top-30 index .GDAXI looked set to open 0.3 percent higher on Monday, according to premarket data from brokers at 0600 GMT.

The following are some of the factors that may move German stocks:

DEUTSCHE BANK (DBKGn.DE)

Indicated 1.1 percent up

CEO Josef Ackermann said on Sunday he was concerned the G20 plan to give countries flexibility on the timing of tougher capital rules will lead to an uneven playing field for banks. [ID:nSGE65Q010]

Related news [DBKGn.DE-E]

CONTINENTAL (CONG.DE)

Indicated 0.4 percent up

South Korean tyre maker HanKook will expand production capacity in Europe but not make any acquisitions there, its head of European operations told Handelsblatt newspaper.

Related news [CONG.DE-E]

INFINEON (IFXGn.DE)

Indicated 1.4 percent up

The company has sufficient capital to finance its growth strategy and could even shrug off another economic downturn, its chief executive told a Swiss newspaper. [ID:nLDE65P050]

Separately, the Russian government called on Germany to let holding company Sistema (SSAq.L) take a 29 percent stake in Infineon, a German newspaper reported, citing no sources. [ID:nN27240129]

Related news [IFXGn.DE-E]

MAN (MANG.DE)

Indicated 0.9 percent up

The company expects order intake in its Diesel & Turbo unit to rise above 3 billion euros ($3.71 billion) this year, more than the 2009 level, a German newspaper quotes the unit's head as saying. [ID:nLDE65Q083]

Related news [MANG.DE-E]

DEUTSCHE POST (DPWGn.DE)

Indicated 0.4 percent up

The company's CEO denied a report the firm could launch a huge cost cutting programme at its mail unit, he told a newspaper. [ID:nLDE65P06B]

Related news [DPWGn.DE-E]

SIEMENS (SIEGn.DE)

Indicated 0.9 percent up

The company told Germany's Sueddeutsche Zeitung daily that, in the wake of the financial crisis, it intends to make itself more independent from credit institutions and plans on creating its own bank.

Related news [SIEGn.DE-E]

DAIMLER (DAIGn.DE)

Indicated 0.9 percent up

The head of the company's bus unit told Germany's Welt newspaper that he wants the unit to grow at double the rate of the market in 2010.

Related news [DAIGn.DE-E]

METRO (MEOG.DE)

Indicated 0.4 percent up

The company said on Sunday it would open its first wholesale store in Egypt this month and might add about 20 more, a move Cairo said would encourage more efficient internal trade and cut consumer prices. [ID:nLDE65Q02C]

Related news [MEOG.DE-E]

BAYER (BAYGn.DE)

Indicated 0.4 percent up

Bayer said it had signed a deal to supply Adalat XL to Teva Canada Limited. [ID:nWNAB1211]

Related news [BAYGn.DE-E]

VOLKSWAGEN (VOWG_p.DE), AUDI (NSUG.DE)

Volkswagen indicated 0.3 percent up

Audi head Rupert Stadler told German weekly Automobilwoche that the company currently needs no U.S. production site to reach its goal of building 1.5 million cars in 2015 the latest.

Related news [VOWG_p.DE-E], [NSUG.DE-E]

E.ON (EONGn.DE)

Indicated 0.4 percent up

Germany's biggest energy utility, may sell its 3.5 percent stake worth $4 billion in Russian energy giant Gazprom (GAZP.MM) in the near future, Vedomosti business daily reported on Monday. [ID:nLDE65R01Z]

Related news [EONGn.DE-E]

AAREAL BANK AG (ARLG.DE)

Indicated 2.5 percent up

Aareal will begin repaying government bailout funds earlier than planned, the property lender said on Monday. Aareal said in a statement it would transfer a first tranche of 150 million euros to bank rescue fund Soffin and would agree on the repayment of the remaining part of the government's total 525 million euro silent participation in due course. [IDnLDE65R03K]

Related news [ARLG.DE-E]

KABEL DEUTSCHLAND (KD8Gn.DE)

The company's CEO confirmed to Frankfurter Allgemeine Sonntagszeitung that the company was aiming to narrow its net loss in the current fiscal year to 25-40 million euros and that is aims to pay a dividend for the next fiscal year 2011/2012.

Related news [KD8Gn.DE-E]

MORPHOSYS (MORG.DE)

Indicated 0.7 percent up

The company said it signed a license and collaboration agreement for clinical antibody program with Xencor. [ID:nWEN6369]

Related news [MORG.DE-E]

DRILLISCH (DRIG.DE)

Indicated 1.5 percent up

The company's CEO told Frankfurter Allgemeine Sonntagszeitung that the company, which holds 12 percent in German mobile phone group Freenet (FNTGn.DE), has no interest in either raising or selling that stake.

He added that the second quarter was going well, above all with regard to operating profit.

Related news [DRIG.DE-E]

ENBW (EBKG.DE)

Chief Executive Hans-Peter Villis said the company was considering suing the government over a planned tax on nuclear power production, he told German weekly Welt am Sonntag, joining peers RWE (RWEG.DE) and E.ON (EONGn.DE). [ID:nLDE65N0MJ]

Related news [EBKG.DE-E]

ANNUAL GENERAL MEETINGS:

S.A.G. SOLARSTROM AG (SSOG.DE), proposed dividend 0.10 eur/share

OVERSEAS STOCK MARKETS

Dow Jones .DJI -0.1 pct, S&P 500 .SPX +0.3 pct, Nasdaq .IXIC +0.3 pct at Friday's close. [ID:nN25189119]

Nikkei .N225 -0.5 pct. [ID:nSGE65R00M]

GERMAN ECONOMIC DATA

Preliminary CPI in five German states for June due.

Annual inflation eased in June by a tenth of a point to 1.0 percent in the German state of Saxony, broadly in line with expectations for the rest of the country, official data showed on Friday. [ID:nBAF004137]

ECONDE G7TODAY

GM'S [GM.UL] OPEL

German Chancellor Angela Merkel is due to meet GM chief executive Nick Reilly at the Opel plant in Ruesselsheim. Merkel will be attending a meeting of the leaders of her party, the Christian Democratic Union and its Bavarian sister party, the Christian Socialist Union. Related news: [GM.UL-E]

EUROPEAN CENTRAL BANK

ECB Governing Council member Axel Weber is due to speak in Freiburg on financial stability and sustainable growth, at 1600 GMT.

Related news [ECB-INT]

EUROPEAN FACTORS TO WATCH [WATCH/EU]

DIARIES [DE/DIA] [WEU/EWQUITY]

REUTERS TOP NEWS [ID:NTOPNEWS]

(Reporting by Josie Cox and Christoph Steitz)