LIVE MARKETS-On our radar: luxury and money

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: LUXURY AND MONEY ( 0753 GMT)

Stock futures of most European bourses point to a flat or slightly higher start as investors try and make sense of the latest development of the 17-month trade war between the U.S. and China, while digesting some weak industry data from Germany.

Sentiment improved yesterday after Bloomberg reported that the two countries were closer to seal a "phase-one" deal and Trump said trade talks were going "very well". But European bourses will have the German industry orders data to digest. Orders fell by 0.4%in October.

The top movers are expected to be Kering and Moncler. Traders see Moncler's shares up 8 to 10% higher after reports that the parent company of Gucci and Balenciaga has held exploratory talks to buy the Italian brand.

Reuters reported yesterday that the U.S. threat of tariffs on French goods from handbags to Champagne are proving just a glancing blow to giants like LVMH and Kering this week, as investors say high pricing power can protect the luxury brands.

More on the M&A front: European stock market operator Euronext agreed to buy a 66% stake of Nordics-focused power market firm Nord Pool, in a deal valuing the company 850 million Norwegian crowns ($93 million), including debt.

Metro Bank is under pressure as its chief executive Craig Donaldson is leaving after a torrid year in which the British lender was engulfed in a damaging accounting scandal that has also cost it its chairman and wiped 90% off its market value.

Corporate headlines to digest:

Ryanair cuts planned capacity and jobs, blames 737 MAX delays

Italian court blames penny pinching for falsified bridge checks at Atlantia

Novartis CEO plans 80+ submissions for drug approvals through 2022

(Joice Alves)

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A SLOW START(0635 GMT)

European bourses are expected to open flat or slightly higher as the Asian stock market inched higher after a Bloomberg report yesterday that the the U.S. and China were closer to seal a "phase-one" deal, but conflicting messages from U.S. President Donald Trump kept a lid on the advance.

While investors try and make sense of the latest developments, which could end the 17-month trade war between the world's largest countries, they will also have to digest the latest German factory orders data for October, due today and expected to be weaker, as well as the euro zone's Q3 GDP figures and monthly retail sales data.

Financial spreadbetters at IG expect London's FTSE to open flat at 7,189, Frankfurt's DAX to open 10 points higher at 13,151 and Paris' CAC to open 6 points higher at 5,806.

(Joice Alves)

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