LIVE MARKETS-Buying the market's most hated asset: not so soon

* Europe's STOXX 600 +0.04%

* Paris CAC 40 lags, down 0.3% after series of poor corporate updates

* Auto sector shares hit by Renault's warning

* Danone, Thales fall 5-7.7% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net

BUYING THE MARKET'S MOST HATED ASSET: NOT SO SOON (1112 GMT)

A final Brexit deal approved by the parliament could bring fresh capital to European equities, but it is too soon to declare love to the UK after the three-year impasse has sapped companies' appetite and financial firepower to invest in growth.

Berstein says a final Brexit deal if approved tomorrow will bring capital into European equities and it's moving to overweight for the region, but it has cautioned that earnings growth is still expected to be below zero over the next 12 months. For the UK, the striking of a deal means that UK equities are no longer "uninvestable," the broker says.

The only outflow from UK equities over the last 18 months has been outflows from active funds. Passive UK funds have remarkably seen no material selling, whereas passive funds for continental Europe saw strong selling, which has just started to turn, Bernstein says.

Others agree with the Bernstein take.

"You need to take into account that productivity numbers in the UK are very poor compared to the U.S.," says James Dowey, fund manager at Lion Trust. His team reduced its UK weighting over the past few years to less than 5%, and put more capital into the market again, he says, but not quite right now.

After three years of little to no business investment, it will take more than the Brexit deal to lift intestest for the UK.

(Joice Alves)

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OPENING SNAPSHOT: WARNINGS FROM CORPORATE FRANCE CAST PALL OVER EUROPE (0802 GMT)

Warnings from Renault, Thales and Danone have cast a pall over European stocks this morning, sending the STOXX 600 down 0.1% and reinforcing concerns about the health of corporate Europe as Q3 earnings season kicks off and the U.S.-China trade spat dents demand for everything from hotel rooms to cars.

Renault also blamed turmoil in Turkey and Argentina, posing a fresh headwind for companies.

The European automobiles and auto suppliers index is lagging the broader market, down 1.5%, with Renault shares falling more than 13$% to their lowest more than six years.

The news has dragged the rest of the sector and its supply chain with it - tyre companies, parts makers and the car manufacturers from Continental to Pirelli are at the bottom of all the major euro-zone bourses.

In contrast, Getinge shares are soaring, rising more than 16 % and top gainer on STOXX 600 at highest since April 2016 after the Swedish medical technology group reported better-than-expected 3Q profits.

One of the biggest fallers in the Italian market was Leonardo, after French competitor Thales' sales warning.

Joice Alves

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CHINA STUMBLES AS EUROPE BRACES FOR BREXIT HEADLINE ROULETTE (0536 GMT)

It is not all about Brexit today, but a lot of it is.

European bourses are expected to open slightly lower this morning after China posted its weakest growth in nearly three decades, countering some of yesterday's positive mood that saw European stocks hit one-year highs after the UK and European Union finally struck a Brexit deal.

While the headline GDP number for China was weaker than expected confirming that the spat between China and the U.S. continues taking a toll on the world's second largest economy, it stirred some hopes of further government stimulus and investors may also draw comfort from the strong industrial output and inline retail sales numbers.

It was enough to knock Asian stocks lower overnight and dealers expect a risk-off day here in Europe.

Investors will be nervous ahead of the showdown in parliament tomorrow as lawmakers vote on PM Johnson's Brexit deal. One dealer says it's be another day of "headline roulette" and getting the deal passed will be seen as an uphill struggle for the PM.

Back in Europe, financial spreadbetters IG expect London's FTSE to open 9 points lower at 7,173, Frankfurt's DAX to open 18 points lower at 12,637 and Paris' CAC to open 3 points lower at 5,670. (Joice Alves)

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(Reporting by Danilo Masoni, Joice Alves, Josephine Mason, Julien Ponthus and Thyagaraju Adinarayan)