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LIVE MARKETS-European stocks seen higher on hopes coronavirus is slowing

Reuters - UK Focus
·1-min read

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.

EUROPEAN STOCKS SEEN HIGHER ON HOPES CORONAVIRUS IS SLOWING (0638 GMT)

European bourses are seen opening in positive territory this morning after Asian shares nudged higher on hopes the worst of the coronavirus outbreak in China may be over.

Investors will also have a number of earnings results to digest: Akzo Nobel reported worse-than-expected 4Q earnings and ABN Amro Q4 net profit misses on low interest and rising impairments. But there are also positive news: French asset manager Amundi reported a 36.5% rise in 4Q.

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On a separate note, there are quite a few people moves under the spotlight: Clariant CFO Patrick Jany is exiting for a new job at shipping company Maersk, Heineken CEO Jean-Francois van Boxmeer will step down in the summer and be replaced by the head of the company's Asia-Pacific region. Thyssenkrupp appointed Bernhard Osburg to succeed Premal Desai as Chairman of the Executive Board of Thyssenkrupp Steel Europe.

Financial spreadbetters at IG expect London's FTSE to open 13 points higher at 7,512, Frankfurt's DAX to open 19 points higher at 13,647, and Paris' CAC to open 4 points higher at 6,058.

(Joice Alves)

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