LIVE MARKETS-Down from record highs

* European shares seen falling from record highs

* EuroSTOXX 50 futures down 0.15%

* Air France and Schneider Electric warn on virus damage Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan.

DOWN FROM RECORD HIGHS (0642 GMT)

European shares are expected to pull back after hitting yet another record high yesterday on hints of more China stimulus.

Those hopes supported shares in Asia overnight but later they reversed course as virus cases rose in South Korea, even though China reported a dramatic drop in new cases in the province at the heart of the coronavirus outbreak.

Financial spreadbetters at IG expect London's FTSE to open 27 points lower at 7,430, Frankfurt's DAX to open 59 points lower at 13,730, and Paris' CAC to open 25 points lower at 6,086. Meantime, EuroSTOXX 50 futures are down 0.15%.

In corporate news, Air France-KLM and Schneider Electric are the latest companies to warn on coronavirus damage. The airline said it expects the outbreak to wipe 150-200 million euros off earnings by April, while the electrical equipment maker predicted a 300 million euro cost s in Q1.

Financials also in the spotlight after UBS tapped ING Ralph Hamers to lead the bank and succeeds Sergio Ermotti, who has been with UBS for close to a decade.

In results, AXA lowered its 2020 earnings guidance for its disaster-related insurance business, while a 73% rise in 2019 net profit at Swiss Re missed expectations.

(Danilo Masoni)

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