LIVE MARKETS-Futures rise, chipmakers in focus after Infineon, AMS updates

* European stock futures up 0.3-0.5 pct

* Infineon (Xetra: 623100 - news) lowers guidance, AMS (IOB: 0QWC.IL - news) skips div

* Eyes on euro zone services PMIs

* In Asia, stocks extend gains

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters

stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your

thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net

FUTURES RISE, CHIPMAKERS IN FOCUS AFTER INFINEON, AMS UPDATES (0707 GMT)

Turning to the corporate front, chipmakers will be on the watch list today after updates

from Infineon and AMS confirmed the worsening outlook for the sector, while

the fall in Alphabet (Xetra: ABEA.DE - news) shares overnight on worries over an increase in spending, which

offset consensus-beating results, highlighted how investors have become nervous about the once

high-flying tech sector.

Meanwhile European stock futures have started trading, up around 0.3-0.5 percent.

Here are some more hadlines:

Infineon lowers 2018/19 guidance on revenue growth to 9 pct

Apple (NasdaqGS: AAPL - news) supplier AMS sees weak Q1, skips dividend

Alfa Laval Q4 order intake misses forecast on scrubbers slowdown

MTG Q4 core profit just beats forecast

Roche seeks to freshen up Kadcyla label amid biosimilar defense

German airline Germania files for insolvency

Russia's Aeroflot warns fuel prices to cost it $732 mln in 2018

Britain's FirstGroup (LSE: FGP.L - news) selling one of its largest regional bus divisions -Telegraph

U.S. judge lets most emissions claims against Daimler (IOB: 0NXX.IL - news) proceed

Telecom Italia (Amsterdam: TI6.AS - news) auditors unable to convene shareholder meeting requested by Vivendi (Swiss: VIV.SW - news)

Deutsche cuts back correspondent banking after Danske scandal

Britain's Metro Bank (Frankfurt: 6MB.F - news) hit by fraud attack

(Danilo Masoni)

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EUROPEAN SHARES SEEN EDGING HIGHER (0626 GMT)

Stocks in Europe are expected to open slightly up today, supported by gains in Asia and Wall

Street overnight, although worries over the economic outlook may curb the enthusiasm about

central banks' dovish stances, while the closure of domestic Chinese markets for the Lunar New

Year may add to investors' caution.

Today's euro zone PMI services will be closely watched for more clues on the health of the

economy.

"Last week’s manufacturing PMI's showed little sign of a pickup in January, apart from a

decent number from Spain, and today's services numbers might well be similarly disappointing,"

says Michael Hewson, analyst at CMC Markets (LSE: CMCX.L - news) .

Financial spreadbetters at IG (Frankfurt: A0EARV - news) expect London's FTSE to open 34 points higher at 7,068,

Frankfurt's DAX to open 28 points higher at 11,204 and Paris' CAC to open 19 points higher at

5,019.

Over in Asia, stocks extended gains as the Federal Reserve's cautious turn underpinned

appetite for riskier assets, while the dollar held firm on last week's upbeat U.S. data.

(Danilo Masoni)

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