LIVE MARKETS-What you need to know before Europe opens

* European shares seen up slightly

* STOXX 600 set to snap 5-day losing streak

* In Asia, shares down on growth worries

Nov 21 - 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

WHAT YOU NEED TO KNOW BEFORE EUROPE OPENS (0751 GMT)

European shares are set to bounce back today with futures rising 0.3-0.7 percent following a five-day losing streak that dragged the pan-regional STOXX 600 index closer to the nearly 2 year lows hit in October.

Lingering concerns over slowing economic and earnings growth, the repricing of the big US tech stocks and risks over Brexit and Italy's budget talks however are keeping investors doubtful that any rebound could last long.

On the corporate front, Italian banks will be closely watched and set for further volatility as the European Commission prepares its response to Italy's draft budget, while UniCredit (EUREX: DE000A163206.EX - news) could get a lift from a report is looking at splitting in two entities.

Eyes also on Greek banking stocks after Reuters reported that Greece is at risk of missing a first tranche of ECB profit returns on Greek bond holdings due to delays in the pace of privatisations despite over-performance on its fiscal targets.

Some earnings updates including from industrial conglomerate ThyssenKrupp (IOB: 0O1C.IL - news) and Italian insurer Generali (EUREX: 566030.EX - news) could also liven up the session.

Thyssen forecast profit from its continuing operations would grow 42 percent in 2019 in a bid to lure investors back, although adjusted EBIT in 2018 missed estimates and its shares were down 1-2 percent in premarket.

The Italian insurer raised its dividend payout and forecast higher earnings growth ahead, lifting its shares in pre-market. Traders said Adidas (IOB: 0OLD.IL - news) shares could benefit after results from rival Footlooker beat expectations.

Other stock movers: UK's Kingfisher (Frankfurt: 812861 - news) to exit Russia, Spain and Portugal; Indivior sticks to FY outlook, warns of hit from generic rival; TalkTalk sets out new fibre plan after first-half earnings rise; United Utilities (LSE: UU.L - news) posts 23.7 pct jump in HY profit; UK's Babcock revenues fall, takes one-off restructuring charges

(Danilo Masoni)

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EARLY MORNING HEADLINES ROUNDUP: EYES ON THYSSEN, GENERALI AFTER UPDATES (0704 GMT)

On the corporate front, shares in Thyssenkrupp and Generali will be on the watchlist today after both companies reported their results.

The German conglomerate forecast profit from its continuing operations would grow 42 percent to more than 1 billion euros in 2019 in a bid to lure investors back, although a trader said its 2018 adjusted EBIT missed estimates, while the Italian insurer raises its dividend payout.

Here is your headlines roundup:

Thyssenkrupp forecasts profit rise in bid to win back trust

Generali raises dividend payout in new plan, seeks "disciplined" acquisitions

Adidas CEO sticks to 2020 goals - Frankfurter Allgemeine Zeitung

UniCredit declines comment on talk of plan to split foreign, domestic business

France, Germany agree on next step for fighter jet programme

Renault (LSE: 0NQF.L - news) taps interim chairman, COO to replace Ghosn - sources

Japan says ready to work for stability of Nissan-Renault alliance

Tokyo court decides to keep Ghosn detained for 10 days - Kyodo

India to probe alleged antitrust behaviour by Maersk, DP World (Stuttgart: 3535769.SG - news) at Mumbai port-sources

U.S. judge selects first case in federal Monsanto (Hamburg: 1132157.HM - news) weed-killer litigation

Airbus to unveil top finance, operational executives -sources

U.S. watchdog fines Spain's Santander $11.8 mln over misleading loans, insurance

Blackstone (NYSE: BX - news) sues RCS Media over Milan headquarters- FT

Sainsbury (Amsterdam: SJ6.AS - news) 's-Asda deal could hurt farmers, says union

(Danilo Masoni)

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MORNING CALL: EUROPE SEEKS A FLOOR (0618 GMT)

European shares are set to open slightly up today as they seek to stabilise following a five-day losing streak that sent the pan-regional STOXX 600 benchmark close to the nearly two-year lows hit last month and down more than 13 percent from their January peak.

"The record highs for the FTSE 100 and the DAX... now seem a distant memory and with the U.S. FAANG (Facebook (NasdaqGS: FB - news) , Apple (NasdaqGS: AAPL - news) , Amazon, Netflix (Xetra: 552484 - news) and Google) rally now also in bear market territory, the big question now is how much further can we fall, or are we near a short term base?," says Michael Hewson, Chief Market Analyst at CMC Markets (LSE: CMCX.L - news) .

"From a technical standpoint the omens don’t look good with recent attempts at rebounds failing miserably and any likely catalysts for a decent rebound hard to find," he adds.

Over in Asia, the intensifying concerns about global economic growth sent shares lower once again after Wall Street and crude oil prices tumbled, driving the safe haven dollar up from a two-week low.

Here are your morning calls, courtesy of CMC (BSE: CMC.BO - news) :

FTSE 100 is expected to open 12 points higher at 6,960

DAX is expected to open 37 points higher at 11,103

CAC 40 is expected to open 12 points higher at 4,937

(Danilo Masoni)

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