LIVE MARKETS-European stock futures fall
April 3 - 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
EUROPEAN STOCK FUTURES FALL (0612 GMT)
Futures have opened down 0.6 to 1.1 percent across the major European benchmarks as stock
investors prepare for a sell-off to spread to Europe.
In economic news today, manufacturing PMIs will be released this morning for Europe and the
UK. Europe's reading is likely to be the same as previous estimates, while the UK PMI is likely
to ave fallen, SocGen (Paris: FR0000130809 - news) strategists say. "The series already looked toppy, and snow falls in March
disrupted activity," they write in a morning note.
(Helen Reid)
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EUROPEAN CORPORATE NEWS ROUND-UP (0555 GMT)
In global equities news, Spotify's IPO on the New York Stock Exchange is the biggest focus
today, and will be a particularly interesting one to watch given the pressures hitting Facebook (NasdaqGS: FB - news) ,
Amazon and other big tech stocks whose ascendancy has rarely been questioned in the past few
years.
In Europe, corporate news is relatively sparse but here are some headlines which could make
waves in the stock market:
British firm De La Rue (Other OTC: DELRF - news) to challenge government on passport contract
Strike-hit Air France (Paris: FR0000031122 - news) expects 75 pct of flights to operate, as rail stoppage looms
European Medicines Agency to review Sanofi (LSE: 0O59.L - news) -Regeneron's Dupixent, Cemiplimab
LVMH names Van Assche as new Berluti artistic director
ArcelorMittal (LSE: 0NSF.L - news) , Vedanta, VTB-JSW partnership among India Essar Steel suitors
Total (LSE: 524773.L - news) , Tikehau target 1 bln euro energy transition fund
(Helen Reid)
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MORNING CALL: NO EASTER CHEER FOR EUROPEAN STOCKS (0532 GMT)
Good morning and welcome to Live Markets.
European stocks are called to open sharply lower this Tuesday after a long weekend,
following the lead of Asian markets which tumbled as China retaliated against U.S. tariffs in a
deepening trade row.
Asian shares sold off overnight as trade tensions escalated and souring sentiment on global
technology companies continued to weigh on markets.
Beijing hit back against Washington by increasing tariffs by up to 25 percent on 128 U.S.
products, effective yesterday.
Spreadbetters call the DAX 115 points lower at 11,982, the CAC 40 down 52 points at 5,115,
and the FTSE 100 46 points lower at 7,011.
(Helen Reid)
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(Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)