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LIVE MARKETS-Opening snapshot: bouncing back

* European shares open higher after drop * Eyes on German Ifo, UK Supreme Court decision * In Asia, shares inch up on trade hopes * US Treasury's Mnuchin: trade talks to resume next month 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: OPENING SNAPSHOT: BOUNCING BACK (0741 GMT) European shares are off to a positive start as they partly recover from yesterday's sell-off on renewed recession fears with gains across most sectors pushing the STOXX 600 regional benchmark up 0.3% in early deals. Defensive healthcare and rate-sensitive financials are providing the biggest uplift to the STOXX, while travel & leisure stocks are rising for a second day as investors eye short-term benefits from the collapse of Thomas Cook. Autos are a weak spot, down 0.4% with shares in Renault, Daimler and Porsche leading the pullback, while shares in truck and trailer components maker SAF Holland tanked 18% after a profit warning, which has further highlighted the challenges facing the sector. London's FTSE 250 index is lagging the rest of the market, down 0.2% with industrials and financial stocks leading the charge lower. Industrial machinery company Weir was down 4.1% at a 3-1/2-week low after a broker downgrade and the SAF Holland warning and accounted a third of the drop on the index. Here's your opening snapshot: (Danilo Masoni) ***** WHAT'S ON OUR RADAR (0657 GMT) European shares are expected to rise slightly at the open, partly recovering from the sell-off yesterday when disappointing business surveys deepened worries over a possible recession and fuelled talk that more stimulus may be needed. Those worries will be tested again today with the release of Germany's Ifo numbers, while the pound-sensitive FTSE could see some action following today's Supreme Court's decision on Johnson's suspension of parliament. Futures on Europe's main stock indexes are trading up around 0.1-0.2%. On the corporate front, a profit warning from truck and trailer components maker SAF Holland has further highlighted the challenges facing the sector. Its shares are down 14.3% in premarket trade after the German firm said it could no longer achieve its 2020 outlook, citing "continued deterioration in overall economic conditions - particularly in Europe, China and India". As repatriations of thousands of tourists continue following the collapse of UK travel group Thomas Cook, more signs of stress are emerging with Slovenia-based Adria Airways saying it would suspend all flights on Tuesday and Wednesday due to "unsecured access to fresh cash which the airline needs for further flight operations". TUI, whose shares rallied following the collapse of its top rival, confirmed its 2019 guidance of a fall of 26% in underlying core profits. Some traders expect TUI shares to fall at the start, highlighting that longer term challenges remain despite the short-term relief from Thomas Cook's demise. In other debt-related woes, troubled British lender Metro Bank said it would not proceed with a bond issue, blaming 'current market conditions'. Elsewhere, AB InBev is seen opening up 1%, per one trader. The company raised about $5 billion in a Hong Kong IPO of the brewer's Asia-Pacific unit after pricing it at the bottom of a marketed range. Chip makers will also be on the watch-list as shares in Apple rose overnight following some relief on tariffs by the U.S. government. Eyes also on Italian banks after Reuters reported that Italy will cut its target for economic growth next year to around 0.6%. Other stock movers: Aluminium maker Norsk Hydro aims to cut costs again; Italy looking at M&A options for bank Monte deil Pas chi - official; Evoke, Takeda Enter Collaboration Across Multiple Therapeutic Fields; Nord Awarded 110 MW Project In Turkey Here's your full headlines roundup: TUI says 2019/20 winter bookings in line with last year EXCLUSIVE-Allianz, Nippon in race to buy Aviv's Asia units for up to $2.5 bln-sources AB InBev Asia unit raises $5 bln in world's second-largest 2019 IPO Aluminium maker Norsk Hydro aims to cut costs again Software firm TeamViewer expected to price in upper half of range -bookrunner UBS, Banco do Brasil to create investment banking venture in South America MEDIA-Deutsche Bank top holder takes chairman search into own hand- Bloomberg Strains that sank Thomas Cook weigh on European airlines Slovenia's Adria Airways temporarily stops flying over debt French energy group Total to accelerate dividend growth Apple to make new Mac Pro PCs in U.S. after some tariff exemptions Italy looking at M&A options for bank Monte deil Pas chi - official Metro Bank ditches debt issue, blaming 'market conditions' Vivendi steps up legal fight after keeping Media set stake Output down 80% at Elf's Cattie 4 reactor due to strike BRIEF-Dassault Systems announces extension of CFIUS review process for Media acquisition ECB fines Greece's Piraeus Bank for funding share buys Irn-Bru maker A.G. Barr posts lower profit as higher prices dent sales (Danilo Masoni) ***** EUROPEAN SHARES SEEN BOUNCING BACK BEFORE GERMAN IFO (0534 GMT) European shares are expected to bounce back at the open with the German economy still in focus before the IFO numbers later today that follow disappointing PMI surveys that sent the DAX tumbling 1% in the previous session to post its biggest one-day fall in around one month. "Expectations for today's German IFO Business climate are for a slight improvement from August's 94.3 to 94.5, however yesterday's flash PMI numbers do rather cast that optimism into doubt," says Michael Hewson, analyst at CMC Markets. The FTSE is also seen higher ahead of the Supreme Court's decision on Johnson's suspension of parliament which could see the sterling rising if there is a verdict against the PM. Spreadbetters at IG expect London's FTSE to open 24 points higher at 7,350, Frankfurt's DAX to open 27 points higher at 12,369, and Paris' CAC to open 13 points higher at 5,644. Over in Asia, shares ticked up after U.S. Treasury Secretary Steven Mnuchin said U.S.-China trade talks will resume next month. (Danilo Masoni) ***** (Reporting by Danilo Masoni, Josephine Mason and Thyagaraju Adinarayan)