* European shares seen higher
* In setback for Trump, Democrats seize U.S. House control
Nov 7 - 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: firstname.lastname@example.org
WHAT YOU NEED TO KNOW BEFORE EUROPE OPENS (0747 GMT)
European shares were set to open today higher after U.S. midterm elections delivered a split
Congress, which historically has been positive for stocks, while some good-looking earning
updates could also help lift the mood.
Futures on main European benchmarks were trading up 0.6 percent, setting the pan-regional
STOXX 600 on course to recover the losses suffered in the past two days.
Drugmakers and builders with US exposure are the watchlist as investors ponder what could be
the impact on drug prices and infrastructure spending on the new power slip in Washington.
Elsewhere the focus is on earnings updates. Adidas shares are expected to get a lift as the
German sportswear firm hiked its 2018 profit guidance, citing a strong financial performance in
the first nine months of the year, although it trimmed revenue target due to
weaker-than-expected growth in western Europe.
In the battered and cheaply valued banking sector, Credit Agricole reported rising profits,
topping expectations and ABN Amro hinted at a dividend hike after its quarterly profit beat
makers reported a 27 percent drop in third-quarter operating profit missing analyst expectations
amid currency headwinds and higher research and development expenses.
frame deals in China; Norway wealth fund should not add new equity markets to index amid review;
outlook on fuel price, summer disruption; M&S sales declines show pain of latest reinvention
EUROPEAN FUTURES RISE SLIGHTLY, SAME FOR WALL STREET (0714 GMT)
European futures have started the day in positive territory with the outcome of the midterm
election in the United States broadly in line with market expectations.
U.S. futures are also in the black as it seems that the prospect of political gridlock in
Washington, which arguably creates some uncertainty, is not enough to put investors off.
HEADLINES ROUNDUP: HEAVY FLOW OF EARNINGS (0657 GMT)
Let's not forget that this is another earnings-heavy day with updates from heavyweights
including Adidas, Credit Agricole and BMW - just to name a few,
Here's your headlines round-up:
Adidas hikes 2018 profit guidance, trims sales outlook
Credit Agricole Q3 profits rise, buoyed by retail and investment banks
ABN Amro beats expectations with 8 pct rise in Q3 profit
Munich Re returns to profit in Q3, affirms 2018 guidance
BMW Q3 hit by upfront expenditure for electric car development
Water utility Veolia sees best third quarter earnings growth since 2014
Barry Callebaut FY net profit jumps on strong growth, keeps outlook
Ahold Delhaize Q3 sales, profit beat market forecast
BHP expects derailed train to have some impact on its Australian iron ore exports
Dassault pulls out of race to supply Canada with jets - sources
EUROPE SEEN HIGHER AFTER DEMOCRATS WIN U.S. HOUSE CONTROL (0630 GMT)
European shares are seen opening higher today after Democrats took control of the U.S. House
in midterm elections, removing uncertainty over possible surprise outcomes.
The broadly expected results mean Democrats will resume House control in January for the
first time since the 2010 election, beginning a split-power arrangement with the Republican-led
Senate that may force Trump to scale back his legislative ambitions.
Meanwhile, Wall Street stock futures and Asian shares held earlier gains, while the dollar
Frankfurt's DAX to open 85 points higher at 11,569 and Paris' CAC to open 39 points higher at