LIVE MARKETS-Opening snapshot: STOXX at new low, eyes worst month since 2011

* European benchmarks open lower

* Nasdaq (Frankfurt: 813516 - news) had worst day since Aug 2011

* ECB meeting in focus

* Earnings flow in from UBS (LSE: 0QNR.L - news) , ABB (LSE: 0NX2.L - news) , Equinor

Oct (Shenzhen: 000069.SZ - news) 25 - Welcome to the home for real-time coverage of European equity markets brought to

you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to

share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net

OPENING SNAPSHOT: STOXX AT NEW LOW, EYES WORST MONTH SINCE 2011 (0726 GMT)

The sell-off has resumed with the STOXX 600 sliding to new multi-year lows and

bringing month-to-date losses to almost 9 percent at one point, possibly setting the European

benchmark index for its worst month since August 2011 when fears of a contagion of the euro

zone's debt crisis rattled global markets.

Earnings are doing little to alleviate the pain as investors fret over slowinggrowth,

worries over political stability in Europe (read Italy and Brexit) and a shift to tighter

monetary policy across the globe.

It will be interesting to hear later on today from Mario Draghi following the ECB policy

meeting. Worth (Shenzhen: 300483.SZ - news) noting that periphery markets - Italy's FTSE MIB bourse and Spain's IBEX

- are both higher. Italy's bourse in particular has been hammered this month by worries over

the country's finances.

Is that a flight to traditionally riskier assets? Answers on a postcard please!

Here's your opening snapshot.

And here are the STOXX's monthly moves.

(Danilo Masoni)

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WHAT'S ON THE RADAR: SELLOFF SPREADS TO EUROPE AS GLOBAL LOSSES HIT $7 TRILLION (0645 GMT)

A global stock market selloff was set to sweep Europe on Thursday with futures for the main

regional benchmarks down 0.7 to 0.9 percent after heavy losses on Wall Street and in Asian

shares. The FTSE 100, DAX and CAC 40 were set to open at new multi-year lows.

This bear market has taken almost $7 trillion off the global MSCI (Frankfurt: 3HM.F - news) index's total market cap

since the Jan peak.

A slew of earnings to keep traders busy with UBS, AB InBev (Brussels: ABIT.BR - news) , and Norwegian Air among those

reporting.

Results were looking slightly better for banks, with both Switzerland’s biggest bank UBS and

Britain’s biggest mortgage lender Lloyds beating profit expectations.

Stronger than expected results from Swiss engineering firm ABB could also encourage

investors after weak earnings from Caterpillar (LSE: 0Q18.L - news) drove a sharp selloff and anxiety around

industrials.

On the other hand, with tech particularly in the spotlight after the Nasdaq had its worst

fall since Aug 2011, BE Semiconductor’s results will do nothing to lessen concerns. The

Amsterdam-listed maker of semiconductor assembly equipment said it saw a nearly 25 percent drop

in Q4 revenue due to weaker market conditions.

AB InBev is seen falling 3 to 5 percent after cutting its dividend and reporting in-line Q3

earnings.

Norwegian Air’s results confirmed investors’ concerns around the airlines sector, with the

budget airline saying higher fuel prices were increasing unit cost.

Some very weak results from WPP (Frankfurt: A1J2BZ - news) and Debenhams (Frankfurt: D2T.F - news) will also likely hurt their shares. WPP is

seen down 7 to 10 percent after sales dropped sharply.

The ECB meeting today would likely ramp up the pressure on equities, adding yet another

reminder that easy monetary policy’s days are numbered. Societe Generale (Swiss: 519928.SW - news) analysts said they

expect the ECB’s risk assessment to remain broadly balanced and QE to end in December.

M&A remained a driver still, with shares in Ceva Logistics seen up 28 percent in pre-market

trade after France’s CMA CGM offered to take full control of the firm.

Britain's Lloyds Bank beats forecasts with $2.32 bln third quarter profit

Daimler Q3 hit by Germany slump as CEO forecasts high demand in Q4

France's CMA CGM offers to buy full control of Ceva

WPP says open to stake sale in data unit as sales drop sharply

Debenhams to close 50 stores as posts biggest loss in 240-year history

(Helen Reid)

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EARLY MORNING HEADLINES ROUND-UP: UBS, ABB, ORANGE (LSE: 0OQV.L - news) , NORWEGIAN AIR (0552 GMT)

It's looking like a stronger day for bank earnings with UBS, Switzerland's biggest bank,

reporting stronger than expected net Q3 profit which the lender put down to global growth

prospects and monetary policy normalisation.

An industrial bellwether for Europe, engineering company ABB also reported slightly stronger

than expected Q3 profit, saying its growth was improving around the world.

Bad news for the airlines sector, though, with Norwegian Air saying its unit cost has

increased due to higher fuel prices, reporting Q3 results lagging forecasts.

And BE Semiconductor's results aren't going to provide any comfort to the chipmaker

subsector and tech generally: the firm said its Q4 revenue is expected to drop up to 25 percent

compared with the previous quarter.

UBS Q3 net profit beats estimates as Americas region shines

UBS sees wealth management inflows of at least 3 pct by 2021

ABB reports slight Q3 profit beat, sees positive global growth

Norwegian Air hit with rising costs due higher fuel prices

Telecoms group Orange's Q3 core operating profit rises 3 pct

Equinor cuts capex spending as Q3 profit slightly lags forecast

Lonza confirms 2018 outlook and mid-term guidance

Sweden's Alfa Laval Q3 order intake beats consensus

Russia, Real hypermarkets dent sales at Germany's Metro (Amsterdam: ME6.AS - news)

Electronics retailer Ceconomy blames hot weather for poor sales

Covestro (IOB: 0RBE.IL - news) aims to cut costs by 350 mln eur from 2021

BE Semiconductor sees nearly 25 pct drop in Q4 revenue

Bank DNB Q3 lags forecast despite no losses

Mining gear maker Epiroc Q3 order intake misses forecast

Steinhoff says subsidiary Stripes U.S. Holding to hold restructuring meet

Bouygues Telecom in talks to buy phone services firm Keyyo

(Helen Reid)

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EUROPEAN STOCKS TO SLIDE AFTER BRUISING WALL ST SELLOFF (0532 GMT)

It's set to be another day of heavy losses for European stocks today after Wall St and Asian

stocks sank overnight.

The Nasdaq had its worst day since Aug 2011 - losing 4.6 percent and confirming a correction

- while the S&P 500 and Dow Jones erased their gains for the year as investors ran for safety

from worries including disappointing earnings reports, Brexit uncertainty, Italy's budget row,

upcoming U.S. elections and diplomatic tensions with Saudi Arabia.

Asian shares plunged as hundreds of billions of dollars haemorrhaged from global markets

after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011,

wiping out all its gains for the year.

On the slate for Europe today is the ECB meeting and a slew of earnings from UBS, ABB,

Equinor, and more.

The FTSE 100 is expected to open 57 points lower at 6,905, the DAX is expected to open 100

points lower at 11,091, and the CAC 40 is expected to open 28 points lower at 4,925, according

to CMC Markets (LSE: CMCX.L - news) .

(Helen Reid)

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(Reporting by Helen Reid, Danilo Masoni, and Julien Ponthus)