LIVE MARKETS-On our radar: chilled beer, container ships, wind turbine, telcos

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: thyagaraju.adinarayan.thomsonreuters.com@reuters.net ON OUR RADAR: CHILLED BEER, CONTAINER SHIPS, WIND TURBINE, TELCOS (0653 GMT) European stocks are set to gain 0.5%, taking off from six-month lows, after some decent earnings updates and on rising hopes that central banks may come to the rescue as recession fears grip investors. In corporate news, big moves are expected in Copenhagen with Carlsberg seen rising 3% after the Danish brewer's "blowout" operating profit, according to one dealer, and Vestas' could come under pressure as tariffs and higher raw material costs bite into profits which were weaker than expected. The world's largest container shipping company Maersk also warned trade war and tariffs could hurt the container sector, but reported better-than-expected results. Shares are seen rising 3-7%. Dealers expect Ericsson and Nokia shares to slide 2% after U.S. rival Cisco slumped 7% in the U.S. after-close, as impending U.S. tariffs and Chinese customers shun the networking company's gear hit their business. In Germany, fertilizer maker K+S' strong outlook is boosting shares 3% higher in early Frankfurt trade, while German telcos Drillisch and United Internet are down 3% after they slashed their outlook. German small-cap stock SGL Carbon is down 19% after it said the outlook beyond 2020 was not "sustainable" and that its CEO resigned. In the UK, GVC is seen rising 5% after the Ladbrokes owner raised its full-year outlook and said it expects to shut fewer shops. With more than a dozen blue-chips are going ex-dividend today and that's seen taking 30 points off Britain's FTSE 100. More headlines (see earlier blog for others): GVC raises full-year outlook, expects to shut fewer shops Maersk Q2 beats expectations, warns trade war may hurt container business SGL Carbon SE Says CEO Jürgen Köhler Has Resigned (Thyagaraju Adinarayan) ***** FUTURES SLIGHTLY HIGHER; EARNINGS BACK IN FOCUS (0609 GMT) European stock futures point to a slightly higher open after yesterday's massive sell-off amid hopes that the U.S. Fed would come to the rescue as rising recession fears prompted investors to flee risky assets. In corporate news, it's earnings Thursday here and so far reports paint a mixed picture: strong numbers from beer maker Carlsberg, an outlook lift by fertilizer maker K+S and a weak update from plumbing supplies firm Geberit on tough construction markets. K+S shares are rising 3% in premarket trade. German telcos in focus after both Drillisch and United Internet cut their profit outlook, citing regulatory effects and the initial costs of a planned 5G network. Both firms are trading 2% lower in early Frankfurt trade. In dealmaking, Osram and AMS said on Wednesday that their deal talks were progressing, calling the negotiations "constructive". Apple component supplier AMS trumped a private equity bid by Bain and Carlyle offering 4.3 billion euros ($4.8 billion) for the German lighting group. Meanwhile, it's a bank holiday in Italy and France and the Milan stock market is shut. Key headlines: K+S lifts core profit outlook on higher prices, volumes Drillisch, United Internet, trim guidance as 5G challenge looms Geberit says construction market still tough as Q2 sales dip Carlsberg half-yearly sales rise 6.5% Novartis replaces top scientists at Avexis after drug data manipulated Osram and AMS say takeover talks are constructive Dutch insurer NN Group second-quarter operating profit falls (Thyagaraju Adinarayan) ***** TENTATIVE GAINS AFTER YESTERDAY'S ROUT (0525 GMT) European stocks are expected to bounce back, only slightly, after yesterday's recession-fear driven rout as expectations are running high that the U.S. Fed will cut rates sharply. U.S.-China trade war, Brexit woes and geopolitical tensions led to dire economic data from China and Germany, suggesting a faltering global economy. The pan-European STOXX 600 slumped to six-month lows yesterday after yields on U.S. 10-year treasuries dropped to 1.55%, taking them under two-year paper -- such an inversion was last seen in 2007 and correctly foretold the great recession that followed a year later. "In this risk toxic enviornment, the only thing that could help shift equity sentiment is if the Fed pulls back to back 50's (rate cuts) out of their hat," Stephen Innes, managing partner at VM Markets says. Financial spreadbetters IG expect London's FTSE to open 52 points lower at 7,096, Frankfurt's DAX to open 19 points lower at 11,473, and Paris' CAC to open 10 points lower at 5,241. (Thyagaraju Adinarayan) ***** ($1 = 0.8971 euros) (Reporting by Danilo Masoni, Josephine Mason and Thyagaraju Adinarayan)