LIVE MARKETS-On our radar: Insurers, Asia and Italy

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: joice.alves.thomsonreuters.com@reuters.net

ON OUR RADAR: INSURERS, ASIA AND ITALY (0757 GMT)

European futures are all trading in negative territory this morning after Asian stocks stepped back from highs reached overnight when Beijing said it agreed with the U.S. to cancel tariffs in phases. A Reuters report raising fresh worries about the outlook for a deal is now weighing on sentiment. and.

On the corporate front, it is still all about Asia. Richemont said political protests in Hong Kong weighed on sales growth in the six months to Sept. 30, but strong demand in the rest of China, Korea, Japan and the United States made up for this.

Yet, traders are seeing the luxury shares down 3% today.

It is a busy and happy Friday for insurers. Allianz reported a better-than-expected 0.6% rise in Q3 net profit. Societa Cattolica di Assicurazione said its 9M net profit is higher than last year.

More Italian companies are taking the stage with an array of earnings updates: Telecom Italia , Fincantieri , Unipol Gruppo, are some of the names reporting results.

Here are some of today's main headlines so far:

Insurer Phoenix's top boss Bannister to step down in 2020

Fincantieri 9-Mth EBITDA Up At EUR 287 Mln

Credit Agricole Q3 profit rises as its investment bank shines

Telecom Italia picking funds for fiber network deal as debt falls

Equinor sells its assets at U.S. Eagle Ford to Repsol for $325 mln

Portuguese bank Millennium bcp posts best nine-month results in 12 years

Natixis beats Q3 profit forecasts, cuts M&A budget

(Joice Alves)

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WHAT A NIGHT (0647 GMT)

European bourses are expected to open lower this morning, after Asian stocks retreated from six-month highs on uncertainty whether China and U.S. got a trade deal.

What a night of ups and downs. Global markets rallied during Asian hours on reports the two countries agreed to roll back tariffs on each others' goods as part of the first phase of a trade deal.

But investors soon got worried the pact could fall apart as an outside adviser to Trump said there was no specific agreement for a phased rollback of the tariffs.​

On the corporate front, Italian and Nordic companies are taking the stage with an array of earnings updates: Telecom Italia, Fincantieri , Unipol Gruppo, Societa Cattolica di Assicurazione, Mekonomen and Sinch are some of the names reporting results.

Financial spreadbetters at IG expect London's FTSE to open 26 points lower at 7,391, Frankfurt's DAX to open 55 points lower at 13,235 and Paris' CAC to open 31 points lower at 5,860.

(Joice Alves)

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