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: firstname.lastname@example.org
THE CALM AFTER THE STORM (0750 GMT)
Futures for the main European benchmarks are all trading in positive territory following some positive data from China and ahead of the NFPs.
After a busy week, there’s a pause in the Q3 earnings season this Friday so it’s expected to be calmer day than yesterday on the corporate front.
Among the few trading updates this morning, Danske Bank which narrowed down its full-year profit outlook, Drugmaker Novo Nordisk which reported operating profit slightly below forecast. Also O2 Czech Republic's profit decline slows in third quarter
One big mover will be British car dealership Lookers which is seen falling between 15% and 30% after it said this morning it expects profit to fall by more than two-thirds as the UK car market struggles with dwindling consumer confidence and margin pressures.
In M&A news, Lufthansa is said to be ready to invest up to 200 mln euros in Alitalia rescue.
Headlines are still coming from Italy: Insurer Cattolica ousted CEO over strategy differences.
Here are this mornings's main headlines:
Peugeot's turnaround driver, Tavares, faces his biggest challenge
Danske Bank narrows down full-year profit outlook, announces new goals
Drugmaker Novo Nordisk's Q3 operating profit slightly lags forecast
Nokia eyes Malaysian ports for 5G business as Huawei takes early lead
Lufthansa ready to invest up to 200 mln euros in Alitalia rescue - source
O2 Czech Republic's profit decline slows in third quarter
Spain's Cellnex gets storming investor support for British towers buy
Thyssenkrupp board member commits to steel ahead of unit review
EUROPEAN BOURSES SEEN HIGHER (0644 GMT)
European bourses are expected to open higher this morning following some positive data from China.
Asian shares reversed early losses as an unexpected bounce in Chinese manufacturing activity offset some negativity cast by yesterday's reports that Chinese officials doubt a trade deal with U.S. President Donald Trump is possible.
Spreadbetters at IG expect London's FTSE to open 31 points higher at 7,279, Frankfurt's DAX to open 68 points higher at 12,935 and Paris' CAC to open 27 points higher at 5,757.
On the corporate front, good news for green packaging companies as Britain's largest retailer Tesco said it will remove one billion pieces of plastic packaging from its stores by 2020.
***** (Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)