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LIVE MARKETS-On the radar: Rheinmetall on the rise

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London.

ON THE RADAR: RHEINMETALL ON THE RISE (0759 GMT)

Defence and automotive parts group Rheinmetall could be a top riser this morning after reporting record sales and operating profit. One trader sees Rheinmetall shares up 4%.

Boeing's supplier Senior is seen rising despite a fall in both 2019 adjusted and pretax profits and said it expected 2020 margins to fall as the halt in production of 737 MAX jets weighed on its business.

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Finland's Nokia appointed Pekka Lundmark, CEO of energy group Fortum, as its new chief executive starting from Sept. 1, 2020.

Just Eat Takeaway said it started arbitration proceedings against rival Delivery Hero's move to increase its stake in the company. Just Eat said it broke a standstill undertaking.

More headlines about NMC Health, which said it will ask lenders for an "informal" standstill on debt, as it confirmed the appointment of Moelis as a financial adviser to assist on talks with its banks and said it hired PwC and Allen & Overy as advisers.

(Joice Alves)

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EUROPEAN BOURSES SET FOR MODEST (TENTATIVE?) REBOUND (0708 GMT)

European bourses are seen opening higher, after a 12.2% drop last week, the worst weekly drop since the global financial crisis, and mirroring Asian shares, which steadied from early losses as investors hope for a coordinated global monetary policy intervention to help with the impact of the coronavirus epidemic on the economy.

The scale of losses are prompting financial markets to price in policy responses from the Fed, the Bank of Japan and the Reserve Bank of Australia.

The epidemic, which has killed around 3,000 people worldwide, is heavily hitting production with activity in China shrinking at a record pace in February. In Europe, Nike closed its regional headquarters in the Netherlands today for two days after an employee was infected with the coronavirus.

Meantime, Britain and the European Union will kick off tense trade talks.

Futures for the STOXX 50, the DAX, the CAC 40 and the FTSE are up 2.1%, 2.2%, 1.6% and 2.4% respectively.

(Joice Alves)

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