LIVE MARKETS-On the radar: L'Oreal, banks, Aston Martin and Volvo

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan.

ON THE RADAR: L'OREAL, BANKS, ASTON MARTIN AND VOLVO (0635 GMT)

European bourses are coming under renewed selling pressure as fears of a new wave of infections are gripping financial markets.

On the corporate front, L'Oreal decided to give up on share buyback programmes in 2020 and on a planned 10.4% dividend increase, but to stick to the same 2019 payout per share of 3.80 euros.

More banks are swinging to the red in the first quarter. Commerzbank posted a worse than expected net loss of 295 million euros, as the lender undergoes a restructuring due to the coronavirus outbreak. Commerzbank shares are down 2.3% in early trade.

Ducth bank ABN Amro reported a 395 million euro loss, hit by loan provisions of 1.1 billion euros. Meantime, Deutsche Bank top managers will waive one month of fixed pay, in an effort to cut costs; shares are down 2% in early trade.

The travel and leisure industry stays on the radar as TUI said it needed to cut its fixed cost base by 30% and thousands of jobs as it looks to right-size its business to survive.

Car makers Aston Martin posted a first-quarter pretax loss of 119 million pound, after sales dropped by nearly a third, while Volvo ditched dividend payment.

Moller-Maersk first-quarter revenue were in line with expectations, but the company warned about a drop of as much as 25% in global container volumes in the second quarter.

Alstom is sticking to the terms of its previously agreed deal to buy the rail division of Canada's Bombardier for up to 6.2 billion euros.

But another acquisition falls through with Exor saying it will retain control of Bermuda-based reinsurer ParnerRe after Covea walked away from the $9 billion deal acquisition.

Eiffage first-quarter construction revenue slumped 13.0%.

Salvatore Ferragamo, whose core profits plunged by 82.2% to 12 million euros in the three months to March said it could not provide guidance on expected sales for 2020.

(Stefano Rebaudo)

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MORNING CALL: IN THE RED ON RENEWED CORONAVIRUS FEARS (0636)

European futures are in the red amid fears of a fresh spike in coronavirus cases and renewed U.S.-China tensions.

Wall Street's fall overnight seems set to hit a fragile European market, which has recently swung between optimism over some easing in lockdowns and anxiety about a second wave of infections.

U.S. markets sentiment soured after U.S. infectious disease expert Anthony Fauci warned that a premature lifting of social distancing measures could lead to additional outbreaks.

Fresh trade war fears also emerged when a leading U.S. Republican senator proposed legislation that would authorize Trump to impose sanctions on China if it fails to give a full account of events leading to the outbreak.

(Stefano Rebaudo)

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(Reporting by Joice Alves, Julien Ponthus and Stefano Rebaudo)