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LIVE MARKETS-On our radar: ASOS, chips and Brexit

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves:


European stocks may take a bit of a breather after their late afternoon flurry yesterday amid hopes of a Brexit deal, although markets are likely to be volatile as investors brace for headlines on how negotiations are faring.

London stock futures are down 0.2%, dragged lower by the positive sterling, although any positive news on Brexit is likely to push up domestic stocks from housebuilders to banks and may offset gains among exporters.

Other major futures are mixed, with the Eurostoxx 50 down 0.1% but off earlier lows.

Some better-than-expected results may provide some cheer as investors digest latest forecasts that point to a deepening corporate recession in the region as Q3 kicks into gear next week.

Swiss drugmaker Roche boosted its 2019 sales outlook for a third time, helped by rising Chinese revenue, and said it expects to finish its $4.3 billion takeover of Spark Therapeutics this year despite repeated delays. Its shares are indicated to open up almost 2%.

Chipmakers may also get a boost from better-than-expected results from semiconductor equipment maker ASML which saw solid demand for 5G telecom network and artificial intelligence applications.

Indications are mixed for the ASML stock though, with some traders expecting profit taking after shares hit all-time highs yesterday.

In UK retail, ASOS has delivered a set of in-line results and said it's made some headway with resolving its warehousing issues. Dealers see the shares in the AIM-listed stock higher.

Key headlines:

Royal Mail union votes overwhelmingly in favour of a nationwide strike

Wacker Chemie Lowers Guidance For 2019

Atlantia gives conditional green light to investment in Alitalia

ASML posts better-than-expected Q3 profit, sees strong bookings

Italy's Gavio says open to investing in Autostrade per l'Italia

Roche boosts 2019 sales outlook, sees Spark deal this year

TomTom Q3 core earnings beat analyst expectations

Rio Tinto quarterly iron ore shipments rise 5% on China demand

Signify to buy Cooper Lighting from Eaton for $1.4 bln

Sunrise shareholder Canada Pension Plan Investment Board backs $2.8 bln capital hike

New Swiss A220 jet engine failure forces checks

CEO of Britain's Next sells shares worth more than 10 mln stg

Britain's ASOS profits slump 68% on warehouse problems

Secure Trust Bank sees loan demand slow ahead of Brexit

CEO of Britain's Next sells shares worth more than 10 mln stg

BRIEF-Housebuilder Barratt Sells More Homes In 15-Week Period, Order Book Healthy

BRIEF-Nanoco FY Rev More Than Doubles, Loss After Tax Narrows

BRIEF-Russia's Polymetal secures $500 mln loan from Sberbank

(Joice Alves)



Investors have gotten used to headline watching around the U.S.-China trade talks. Since last Friday they've been glued to their screens for any crumb of detail from Britain's last-ditch Brexit talks with Brussels.

That's not going to change today, although European stocks may take a bit of a breather this morning following their late afternoon rally yesterday to near three-month highs after a report that the two sides were close to a deal renewed hopes that a long-waited agreement may be sealed this week.

Officials and diplomats involved in negotiations over the divorce said that differences over the terms of the split had narrowed significantly.

But a lot can still go wrong ahead of a make-or-break EU summit on Thursday and Friday.

Concerns about continued political unrest in Hong Kong and the U.S.-China trade spat will also weigh. Euro zone inflation data will also be released today at 0900 GMT, but really Brexit concerns will monopolise investors' attention.

CMC expect London's FTSE to open 18 points lower at 7,193, Frankfurt's DAX to open 21 points lower at 12,608, and Paris' CAC to open 11 points lower at 5,691.

London's blue chips may suffer from the stronger pound, although as seen yesterday a surge in domestic stocks from housebuilders to banks offset the gains to see the index close flat.

(Joice Alves)


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