LIVE MARKETS-Opening snapshot: Italian banks and Apple's suppliers

* European bourses edge lower after Apple's profit warning

* UBI shares jump 25% after Intesa takeover offer

* Tech suppliers shares fall

* 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.

OPENING SNAPSHOT: ITALIAN BANKS AND APPLE'S SUPPLIERS (0832 GMT)

Overall, most European bourses are trading in negative territory but Italy's FTSE MIB as UBI Banca shares surged 28% after Intesa Sanpaolo presented a 4.86 billion euro takeover bid for the smaller rival.

Another Italian bank Banco BPM jumped as much as 11%.

Shares in ASML, Stmicroelectronics, Dialog Semiconductor fell between 3-5% after Apple's profit warning.

HSBC shares dipped 4.5% after the bank reported a 33% drop in annual profit and announced it plans slash the size of its investment bank and cut jobs.

France's Alstom shares sunk as much as 3.5% after it agreed to buy Bombardier's rail division for $8.2 billion, including debt.

Here is your opening snapshot:

(Joice Alves)

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ON OUR RADAR: HSBC, GLENCORE, ITALIAN BANKS AND ALSTOM (0755 GMT)

After hitting fresh highs yesterday, futures point to a lower opening for European bourses this morning after tech behemoth Apple said it will miss its revenue guidance as the coronavirus outbreak slowed production as well as demand in China.

Frankfurt-listed shares in Apple were down 5.7 in early trade.

Asian difficulties, including the virus in China and last year's protests in Hong Kong, have hit also Holiday Inn-owner InterContinental Hotels Group, which reported a slight dip in revenue per room in 2019.

The mining sector could be under pressure after London-listed Glencore reported its first annual net loss in five years and said 2019 was hurt by trade war, weaker commodities prices and some operational challenges.

In the banking space, investors will have a mix of headlines to digest. HSBC shares are seen lower after the company reported a 33% drop in annual profit and announcing it plans to shed $100 billion in assets, slashing the size of its investment bank and cutting 35,000 jobs over three years.

While Italian banks continue to be under the spotlight after Intesa Sanpaolo presented yesterday a 4.86 billion euro takeover bid for smaller rival UBI Banca.

Staying on the M&A front, Canada's Bombardier agreed to sell its rail division to France's Alstom for an enterprise value of $8.2 billion.

Taking a look into smaller stocks, one trader sees British subprime lender Amigo shares up as much as 10% after the company launched a formal sale process.

Back to earnings, shares at Galp Energia is seen down by one trader 3% after results.

(Joice Alves)

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EUROPEAN MARKETS SEEN LOWER AFTER APPLE WARNS ON REVENUE (0638 GMT)

After hitting record highs, European bourses are seen opening lower this morning mirroring stock markets in Asia, which retreated when the world's most valuable tech company Apple said it will miss its revenue guidance as the coronavirus outbreak slowed production as well as demand in China.

Focus remains on earnings reports, with HSBC reporting a 33% drop in annual profit and announcing it plans to shed $100 billion in assets, slashing the size of its investment bank and cutting 35,000 jobs over three years.

In the morning we will get more clarity on the economic sentiment in the bloc's largest economy with fresh Germany ZEW data being released.

But before that, London's FTSE is seen opening 40 points lower at 7,394, Frankfurt's DAX to open 64 points lower at 13,720, and Paris' CAC to open 32 points lower at 6,054, according to financial spreadbetters at IG.

(Joice Alves)

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