LIVE MARKETS-Early morning headlines round-up: Brexit news, Vivendi results, ABB M&A
Nov 16 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net
EARLY MORNING HEADLINES ROUND-UP: BREXIT NEWS, VIVENDI RESULTS, ABB M&A (0658 GMT)
With (Other OTC: WWTH - news) the STOXX set for a loss on the week after two weeks of gains, it's clear that political worries have taken centre stage again as the earnings season died down.
On the Brexit news front, the Daily Telegraph reported overnight that the Conservative Party's deal with Northern Ireland's DUP on Brexit is over unless PM May is replaced with a new leader.
German carmaker BMW (EUREX: BMWE.EX - news) said it was continuing to prepare for a no-deal Brexit given uncertainty around the deal after yesterday's ministerial resignations. Business bosses across industries expressed growing alarm about the deal.
Though results are few and far between now, Vivendi (LSE: 0IIF.L - news) did report after the close and said it is lining up banks for a possible sale of part of its Universal Music Group division.
And there's some action on the M&A front too: Swiss industrials firm ABB (LSE: 0NX2.L - news) is in talks with three Asian suitors - Hitachi, Mitsubishi Electric Corp, and State Grid of China - about the sale of its Power Grids business, sources said.
In world politics, tensions between the U.S. and Saudi Arabia are rising with the U.S. imposing economic sanctions on 17 Saudi officials for their role in the killing of journalist Jamal Khashoggi.
Here's your early morning headline round-up - with more than its usual share of political headlines and analysis:
ABB talking to three Asian suitors about Power Grids sale - sources
Vivendi committed to Telecom Italia (Amsterdam: TI6.AS - news) , pushes on with Universal Music stake sale
Tory deal with DUP over unless UK PM May replaced -Daily Telegraph
BMW says preparing for no-deal Brexit given political uncertainty
Business bosses alarmed as resignations imperil Brexit deal
VW's supervisory board eyes multi-billion electrification plan
California judge orders next Monsanto (Hamburg: 1132157.HM - news) weed-killer cancer trial for March
ANALYSIS-How Britain's Raab tripped on "Barnier's staircase"
U.S. imposes sanctions for Khashoggi killing, Saudis seek death penalty
(Helen Reid)
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EUROPEAN STOCKS TO RECOVER, ALL EYES ON TECH AFTER NVIDIA WARNING (0632 GMT)
European stocks could see a recovery today after a tumultuous week and yesterday's Brexit-driven selloff, but tech is likely to be under pressure after disappointing results from U.S. chipmaker Nvidia (Swiss: NVDA.SW - news) battered the sector and sent the stock down nearly 17 percent in late trading.
Nvidia forecast disappointing sales for the all-important holiday quarter, blaming unsold chips piling up with distributors and retailers after the evaporation of the cryptocurrency mining boom.
Also potentially weighing on the mood will be comments from a senior Trump administration official to Reuters that China's written response to U.S. demands for trade reforms is unlikely to trigger a breakthrough at talks between Trump and Xi Jinping later this month.
Spreadbetters at CMC Markets (LSE: CMCX.L - news) see the FTSE100 opening 24 points higher at 7,062, the DAX 70 points higher at 11,423 and the CAC40 to open 25 points higher at 5,058.
(Helen Reid)
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(Reporting by Helen Reid, Danilo Masoni, Julien Ponthus)