LIVE MARKETS-Earnings Thursday: what's on our radar

* Futures under pressure after Fed * Siemens, Hugo boss under pressure after results * StanChart rises in HK after better-than-expected Q2 * Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: thyagaraju.adinarayan.thomsonreuters.com@reuters.net EARNINGS THURSDAY: WHAT'S ON OUR RADAR (0622 GMT) Earnings Thursday is here! We've got results from every sector in the region ranging from industrials to banks, retail to semiconductors, cars to luxury. Among industrials, Siemens shares are sliding 2.4% in premarket trade after the trains to turbines maker said it was seeing a weaker environment in many of its key markets. Chemicals group Evonik said it was on track to hit its 2019 targets despite "an increasingly gloomy economic environment." BMW has stuck to its outlook even as second quarter earnings fell by 20% while diesel engine company Deutz shares are up nearly 5% after its H1 results. Hugo Boss has lowered outlook on challenging U.S. market, the German fashion house, like its peers, saw strong sales in China. Shares are sliding 2.2% in premarket trade. Shares in Zalando are up 3.6% after the Europe's biggest online-only fashion retailer raised its full-year profit outlook. Chipmaker Infineon expects to meet its thrice-lowered guidance for the business year to Sept. 30, this could provide some relief to the stock as the market doubted an H2-led recovery earlier this year. In France, second quarter net profit at the country's third-largest bank SocGen fell 14% plagued by restructuring costs at its corporate and investment banking unit. Elsewhere in financial services, Standard Chartered shares in Hong Kong have rallied after the bank's Q2 results beat expectations. In non-earnings news, Pearson announced a data breach: the British education company has notified customers about unauthorised access to about 13,000 school and university accounts, mainly in the U.S. LSE has agreed to buy Refinitiv from Blackstone for an enterprise value of $27 billion. The deal talks were announced last weekend, the stock exchange operator has come out with a statement confirming it. Key headlines: Siemens says industrial environment has deteriorated French bank SocGen's Q2 net profits dragged down by restructuring costs Evonik confirms 2019 outlook despite "gloomy" economy, weaker Q2 Zalando lifts profit forecast as site visits soar Altice Europe lifts targets after swinging back to growth in France UK's Pearson notifies thousands of U.S. students of data breach Infineon confirms thrice-reduced guidance, Cypress deal on track ING posts second-quarter profit of $1.6 bln, tops estimates StanChart H1 profit beats forecasts, flags trade tension risks AXA's H1 profit falls after writing down value of Equitable Holdings BMW Q2 hit by rising costs of manufacturing, emissions Generali confirms all targets after H1 results (Thyagaraju Adinarayan) ***** FED DISAPPOINTMENT DENTS EUROPE TOO (0613 GMT) Investors appear to be shunning riskier assets in Europe this morning with stock futures down 0.3-0.4% in early deals following heavy losses overnight in Asia and the U.S. after Federal Reserve Chair Jerome Powell dampened expectations for further cuts following the central bank's first interest rate cut in a decade. Global share markets recoiled overnight after U.S. Federal Reserve Chairman Jerome Powell said Wednesday's easing was "not the beginning of a long series of rate cuts". Data has done little to lift the spirits. Pressure on China's factories eased a little in July thanks to growth-boosting steps from the government, but overall manufacturing activity remained in contraction as a trade war with the United States dented export orders, a private survey showed. Germany's futures are lagging the broader region, after a raft of weak results from BMW, Siemens and Hug Boss sending their shares down in early deals. (Josephine Mason) ***** THE QUARTER POINT CUT: EUROPE STABLE AFTER U.S. SELL-OFF (0525 GMT) European stocks are set to open flat to slightly higher after the U.S. Fed cut interest rates by 25 bps as expected. But, U.S. markets fell sharply overnight as the central bank poured cold water on hopes of further rate cuts. "Let me be clear – it's not the beginning of a long series of rate cuts," Fed Chair Jerome Powell said. Financial spreadbetters IG expect London's FTSE to open 9 points higher at 7,596, Frankfurt's DAX to open 2 points higher at 12,191, and Paris' CAC to open 1 point lower at 5,518. "All of those who were expecting the Fed to do more ended up disappointed, which given how strong some of the recent US data has been recently really shouldn’t have been a surprise to anybody," Michael Hewson at CMC Markets says. In corporate news, its another busy day of earnings: ArcelorMittal cuts steel demand outlook due to weak automotive markets, Germany's Siemens says it was seeing a weaker environment in many of its key markets, SocGen Q2 net profits dragged down by restructuring costs. (Thyagaraju Adinarayan) ***** (Reporting by Danilo Masoni, Josephine Mason and Thyagaraju Adinarayan)