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LIVE MARKETS-On our radar: JD Sports, Credit Suisse, Inditex

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: rm://


Futures point to a flat to slightly higher open for European stocks with London's FTSE 100 seen outperforming on sterling weakness after the latest YouGov poll on UK election showed Conservative majority sharply narrowing.

That is making things a bit more interesting ahead of the D-Day tomorrow. Sterling declined 0.5% overnight after the poll saw a 28-seat Conservative margin of victory, down from 68 two weeks ago.

"...a hung Parliament is now within the margin of error," says Chris Bailey, Raymond James European strategist.

On the corporate news front, JD Sports shares could come under pressure with one trader calling it 8% lower after the company's largest shareholder Pentland sells a part of its stake.

Credit Suisse is seen falling 1% after the Swiss bank trimmed its profitability targets for next year. Traders expect Zara-owner Inditex's shares to rise 2%, pointing to its strong free cash flow expectations for 2019.

Telefonica Deutschland is seen falling 2% after the German telco cut its dividend and announced plans to invest in improving networks over the next three years.

Headlines to digest:

Aurubis sees stable new year, smelter maintenance completed

Deutsche Telekom CEO denies T-Mobile/Sprint deal will reduce competition

Credit Suisse trims profitability aims as revenue hopes fall short

M&C Saatchi co-founder quits days after profit warning amid accounting woes

Telefonica Deutschland cuts dividend as it prioritises network investments

Thyssenkrupp's elevator unit seeks margin boost ahead of sale

Zara owner Inditex expects like-for-like sales growth of 4%-6% in full year

Safilo to cut 700 jobs in Italy as sluggish sales weigh

(Thyagaraju Adinarayan)



Looks like we're heading for a quiet start today and perhaps the calmness is explained by the major upcoming market moving events: UK election tomorrow, U.S. tariffs on China due to take effect on Sunday and Christine Lagarde's first monetary policy meeting as ECB chief.

UK stocks, especially the domestically-focused ones, are in focus after the latest YouGov poll showed election race has tightened markedly over the past two weeks and Prime Minister Boris Johnson is now likely to win only a modest majority in Thursday's vote.

The poll sees a 28-seat Conservative margin of victory, down from 68 two weeks ago.

Financial spreadbetters IG expect London's FTSE to open 5 points higher at 7,219, Frankfurt's DAX to open 5 points lower at 13,066 and Paris' CAC to open 6 points lower at 5,842.

(Thyagaraju Adinarayan)

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