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OPENING SNAPSHOT: JUST SHY OF RECORD (0825 GMT)
European stocks are just shy of record highs and its risk-on trades across the board as coronavirus infection rate slows with miners, oil & gas and banks outperforming the pan-European STOXX 600 index.
Among single stocks, Campari is down 6% after the Italian spirits group reported full-year organic sales growth below estimates. In a surprise reversal, Plastic Omnium wipes off gains seen at the open, falling 3%, even as profits came in better than expected.
Man Group is the top riser on STOXX 600 after Exane upgrades stock to "outperform", according to traders.
EURO TAILWIND PLAYING OUT; BA-OWNER IAG, HAPAG LLOYD IN FOCUS (0750 GMT)
Stocks are seen attempting to scale fresh record highs as a sharp drop in euro late last evening is seen supporting dollar earners in the bloc. European bourses, which are seen opening 0.5% to 0.7% higher, are also supported by slowing new cases of coronavirus.
The pan-European STOXX 600 is expected to scale yet another record peak, a day after Apple's coronavirus warning kept stocks under pressure. The virus is seen disrupting supply chain and sales in industries ranging from cars to phones.
Adva Optical is the latest company to warn on disruptions from coronavirus and its shares are seen falling 6% at open.
In other corporate news, British Airways owner IAG's shares could get a boost as Qatar Airways Group said it had increased its stake in the airline operator to 25.1%.
Hapag-Lloyd's shares are rising 2% in premarket trade after the German container shipping company raised its 2019 profit forecast on higher freight rates.
ASR Nederland is seen rising 3% after the Dutch insurer's full-year results beat across the board, trader say.
Other significant moves: Plastic Omnium profits and dividend beat seen helping shares (+4%); Deutsche Telekom seen +2%, traders highlight strong free cash flow outlook; Renault cut to junk at Moody's.
BACK TO RECORD HIGHS? (0703 GMT)
European stocks are seen opening 0.5% to 0.7% higher as markets remain resilient to the economic effects of coronavirus which has killed nearly 2,000 people, mostly in China.
The pan-European STOXX 600 is yet again seen scaling record peaks today even as coronavirus is seen disrupting supply chain and sales in industries ranging from cars to phones. Apple was the latest to warn on a sales impact.
"We are already seeing various auto companies reporting concerns about shortages of parts in their supply chains, which in turn could well see production slowdowns," says Michael Hewson, chief market analyst at CMC Markets UK.
In corporate news, Covestro shares are likely to take a hit after the German chemicals maker warned on first quarter and 2020 profits citing stiff competition and low prices.
Meanwhile, container shipping company Hapag-Lloyd raised its 2019 profit forecast on higher freight rates.
***** (Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)