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German stocks - Factors to watch on August 1

FRANKFURT, Aug 1 (Reuters) - The DAX top-30 index looked set to open 0.1 percent lower on Friday, according to premarket data from brokerage Lang & Schwarz at 0615 GMT.

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

DEUTSCHE TELEKOM

Indicated 1.7 percent higher

French telecommunications company Iliad SA has made a surprise offer for T-Mobile US Inc, setting up a potential bidding war with Sprint Corp, the U.S. mobile carrier now controlled by Japan's Softbank Corp.

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DEUTSCHE BANK

Indicated 0.2 percent lower

Q2 results due from unit Deutsche Postbank.

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VOLKSWAGEN

Indicated 0.1 percent higher

H1 results due from VW's premium car brand Audi.

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AIRBUS

No indication available

IAG announced orders for eight Airbus A350-900s and eight A330-200s for its Iberia airline.

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FUCHS PETROLUB

Indicated 5.9 percent lower

The lubricant maker cut its 2014 outlook, citing unfavourable currency effects, after reporting a bigger-than-expected decline in second-quarter operating profit.

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WACKER CHEMIE

Indicated 0.1 percent lower

The specialty chemicals maker said its core profit rose by more than a fifth in the second quarter, driven by a recovery in prices and demand for polysilicon, its most important product, which is needed to make solar cells.

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ENBW

No indication available

H1 results due.

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DAB BANK

Up 0.9 percent in early Frankfurt trade

French bank BNP Paribas consolidated its position in the German online brokerage sector on Thursday with a 354 million euro deal to take over web-based German DAB Bank AG.

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SMT SCHARF AG

No indication available

SMT Scharf, the mining transport firm, cut its 2014 results forecast, saying it now expected to post a loss of 2 million euros instead of break even for the year due to one-off costs to lay off workers. The company kept its revenue forecast unchanged at 45 million euros.

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ANALYSTS' VIEWS

ADIDAS - UBS cuts the stock to "neutral", lowers its price target to 64 euros from 88 euros. Raymond James cuts the stock to "market perform" from "outperform". Nomura cuts its price target to 69 from 87 euros, with a "neutral" rating.

SIEMENS - S&P Capital IQ raises the stock to "buy" from "hold", cuts its target price to 102 from 116 euros.

WINCOR NIXDORF - Berenberg raises the stock to "buy" from "hold" and cuts its price target to 46 from 49 euros.

OVERSEAS STOCK MARKETS

Dow Jones -1.9 pct, S&P 500 -2 pct, Nasdaq -2.1 pct at Thursday's close.

Nikkei -0.6 pct at Friday's close.

HVB

HypoVereinsbank, the German arm of Italy's UniCredit , said on Thursday that an internal probe concluded that the bank had conducted "cum-ex" transactions, also known as dividend stripping, that had helped clients avoid taxes.

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BOEHRINGER INGELHEIM

The U.S. Food and Drug Administration said on Thursday it has approved Boehringer Ingelheim's drug to treat chronic obstructive pulmonary disease (COPD), an umbrella term that includes chronic bronchitis and emphysema.

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GERMAN ECONOMIC DATA

German July Markit/BMW manufacturing PMI due at 0755 GMT. Seen at unchanged at 52.9.

EUROPEAN FACTORS TO WATCH

DIARIES

REUTERS TOP NEWS ($1 = 0.7471 Euros) (Reporting by Thomas Atkins and Maria Sheahan)