LIVE MARKETS-Closing snapshot: best day in four months for DAX as tech, banks rebound

* STOXX 600 snaps 5-day losing streak

* Tech stocks bounce back

* Banks climb in broad relief rally

Nov 21 - Welcome to the home for real-time coverage of European equity markets brought to

you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to

share your thoughts on market moves: rm://danilo.masoni.thomsonreuters.com@reuters.net

CLOSING SNAPSHOT: BEST DAY IN FOUR MONTHS FOR DAX AS TECH, BANKS REBOUND (1737 GMT)

It's been a rare day of respite for European stocks as a sharp selloff in tech and bank

stocks yesterday gave way to a strong rebound across the board, with Apple (NasdaqGS: AAPL - news) suppliers AMS (IOB: 0QWC.IL - news) ,

STMicro, and Infineon (Xetra: 623100 - news) , which suffered yesterday, gaining back some of that lost ground.

It's also the first day in a while that indices have managed to hold on to their early gains

- as the bear market makes investors extra-cautious.

Germany's DAX ended the day up 1.6 percent, its best day since July 27, while the STOXX 600

snapped a five-day losing streak.

(Helen Reid)

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TARIFF TALLY: MORE COMPANIES FLAG RISING TRADE BARRIERS RISK (1506 GMT)

The number of companies mentioning tariffs in results conference calls has been rising fast,

data crunched by Mirabaud Securities shows, as the U.S.-China trade row shows no signs of

simmering down as yet.

"We count a total of 1,194 conference calls in the last month (21 Oct (Shenzhen: 000069.SZ - news) -20 Nov inclusive) when

"tariffs" have been mentioned," writes Neil Campling, co-head of the Mirabaud Securities Global

Thematic Group.

"Unsurprisingly, this count for the exact same month in 2017 reached just 237 conference

calls."

As investors become more sensitive to the impact trade war could have on companies, Europe's

luxury sector in particular has been dumped and has fallen to its lowest level since July 2017,

as you can see below.

(Helen Reid)

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OPENING SNAPSHOT: EUROPE BOUNCING... FOR NOW (0837)

European shares are enjoying a solid bounce in the first 30 minutes of trading, with all the

major bourses in positive territory in what looks like a relief rally as worries over corporate

earnings and global economic slowdown that have punished equities in recent days have eased...

for now.

Italy's index is leading the pack with a 1.1 percent gain after hitting 3-week lows

yesterday, lifted by banks as bond yields eased ahead of the European Commission's assessment of

Italy's draft budgetary plans due for publication later in the day.

It's all about the UK on the STOXX 600 at the moment, with a mixture of earnings

news, CEO resignations and broker recommendations driving the moves.

But mostly it's not a pretty sight: Babcock is at its lowest level in more than 7 years and

on track for its worst day in almost two decades; Indivior (Frankfurt: 2IVA.F - news) is down 10 pct; SSP Group (Frankfurt: 83S.F - news) down 7.2

pct and Kingfisher (Frankfurt: 812861 - news) down 5.6 pct.

The top gainers, NMC Health (LSE: NMC.L - news) and Johnson Matthey (LSE: JMAT.L - news) are up 7 pct.

Here's a snapshot of the indices and stocks:

(Josephine Mason)

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WHAT YOU NEED TO KNOW BEFORE EUROPE OPENS (0751 GMT)

European shares are set to bounce back today with futures rising 0.3-0.7 percent following a

five-day losing streak that dragged the pan-regional STOXX 600 index closer to the nearly 2 year

lows hit in October.

Lingering concerns over slowing economic and earnings growth, the repricing of the big US

tech stocks and risks over Brexit and Italy's budget talks however are keeping investors

doubtful that any rebound could last long.

On the corporate front, Italian banks will be closely watched and set for further volatility

as the European Commission prepares its response to Italy's draft budget, while UniCredit (EUREX: DE000A163206.EX - news) could

get a lift from a report is looking at splitting in two entities.

Eyes also on Greek banking stocks after Reuters reported that Greece is at risk of missing a

first tranche of ECB profit returns on Greek bond holdings due to delays in the pace of

privatisations despite over-performance on its fiscal targets.

Some earnings updates including from industrial conglomerate ThyssenKrupp (IOB: 0O1C.IL - news) and Italian

insurer Generali (EUREX: 566030.EX - news) could also liven up the session.

Thyssen forecast profit from its continuing operations would grow 42 percent in 2019 in a

bid to lure investors back, although adjusted EBIT in 2018 missed estimates and its shares were

down 1-2 percent in premarket.

The Italian insurer raised its dividend payout and forecast higher earnings growth ahead,

lifting its shares in pre-market. Traders said Adidas (IOB: 0OLD.IL - news) shares could benefit after results from

rival Footlooker beat expectations.

Other stock movers: UK's Kingfisher to exit Russia, Spain and Portugal; Indivior sticks to

FY outlook, warns of hit from generic rival; TalkTalk sets out new fibre plan after first-half

earnings rise; United Utilities (LSE: UU.L - news) posts 23.7 pct jump in HY profit; UK's Babcock revenues fall,

takes one-off restructuring charges

(Danilo Masoni)

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EARLY MORNING HEADLINES ROUNDUP: EYES ON THYSSEN, GENERALI AFTER UPDATES (0704 GMT)

On the corporate front, shares in Thyssenkrupp and Generali will be on

the watchlist today after both companies reported their results.

The German conglomerate forecast profit from its continuing operations would grow 42 percent

to more than 1 billion euros in 2019 in a bid to lure investors back, although a trader said its

2018 adjusted EBIT missed estimates, while the Italian insurer raises its dividend payout.

Here is your headlines roundup:

Thyssenkrupp forecasts profit rise in bid to win back trust

Generali raises dividend payout in new plan, seeks "disciplined" acquisitions

Adidas CEO sticks to 2020 goals - Frankfurter Allgemeine Zeitung

UniCredit declines comment on talk of plan to split foreign, domestic business

France, Germany agree on next step for fighter jet programme

Renault (LSE: 0NQF.L - news) taps interim chairman, COO to replace Ghosn - sources

Japan says ready to work for stability of Nissan-Renault alliance

Tokyo court decides to keep Ghosn detained for 10 days - Kyodo

India to probe alleged antitrust behaviour by Maersk, DP World (Stuttgart: 3535769.SG - news) at Mumbai port-sources

U.S. judge selects first case in federal Monsanto (Hamburg: 1132157.HM - news) weed-killer litigation

Airbus to unveil top finance, operational executives -sources

U.S. watchdog fines Spain's Santander $11.8 mln over misleading loans, insurance

Blackstone (NYSE: BX - news) sues RCS Media over Milan headquarters- FT

Sainsbury (Amsterdam: SJ6.AS - news) 's-Asda deal could hurt farmers, says union

(Danilo Masoni)

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MORNING CALL: EUROPE SEEKS A FLOOR (0618 GMT)

European shares are set to open slightly up today as they seek to stabilise following a

five-day losing streak that sent the pan-regional STOXX 600 benchmark close to the nearly

two-year lows hit last month and down more than 13 percent from their January peak.

"The record highs for the FTSE 100 and the DAX... now seem a distant memory and with the

U.S. FAANG (Facebook (NasdaqGS: FB - news) , Apple, Amazon, Netflix (Xetra: 552484 - news) and Google) rally now also in bear market

territory, the big question now is how much further can we fall, or are we near a short term

base?," says Michael Hewson, Chief Market Analyst at CMC Markets (LSE: CMCX.L - news) .

"From a technical standpoint the omens don’t look good with recent attempts at rebounds

failing miserably and any likely catalysts for a decent rebound hard to find," he adds.

Over in Asia, the intensifying concerns about global economic growth sent shares lower once

again after Wall Street and crude oil prices tumbled, driving the safe haven dollar up from a

two-week low.

Here are your morning calls, courtesy of CMC (BSE: CMC.BO - news) :

FTSE 100 is expected to open 12 points higher at 6,960

DAX is expected to open 37 points higher at 11,103

CAC 40 is expected to open 12 points higher at 4,937

(Danilo Masoni)

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