German stocks - Factors to watch on Sept 8

FRANKFURT, Sept 8 (Reuters) - The DAX top-30 index .GDAXI looked set to open 3 percent higher on Monday, according to pre-market data from brokers at 0623 GMT.

The following are some of the factors that may move German stocks on Friday (share price indications at 0623 GMT):

MUNICH RE (MUVGn.DE: Quote, Profile, Research, Stock Buzz) Indicated 3.1 percent lower

Reinsurance companies may benefit indirectly from the downturn in capital markets that has hit investment income in the sector because it may prevent them from lowering prices for the risk cover they provide to insurers, Munich Re said in a statement coinciding with reinsurers annual pricing discussions in Monte Carlo. [ID:nL768100]

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DEUTSCHE POST (DPWGn.DE: Quote, Profile, Research, Stock Buzz) Indicated 2.4 percent higher

Deutsche Post is to cut 14 percent of jobs in its internal IT centres and merge 11 sites into two, according to a report in Die Welt. This is because a planned outsourcing deal with Hewlett Packard had fallen through, which would have entailed HP taking on Post's IT personnel.

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DOUGLAS (DOHG.DE: Quote, Profile, Research, Stock Buzz) Indicated 1.4 percent higher

Douglas sees growth and profit opportunities in eastern Europe due to untapped market potential, Chief Executive Henning Kreke said in a newspaper interview on Sunday. He reiterated a pretax profit target for the group of nearly 150 million euros for the year ending Sept. 30 and announced, without a time plan, a target to raise the number of German perfume stores to 500 from 440 currently.

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CELESIO (CLSGn.DE: Quote, Profile, Research, Stock Buzz) Indicated 1.7 percent higher  Continued...