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: firstname.lastname@example.org
ON OUR RADAR: SAP, TULLOW, LUXURY STOCKS (0752 GMT)
Stock futures point to tentative gains with bourses attempting to bounce back from Monday's swoon as investors reassess concerns over the economic damage from the deadly China virus.
With the death toll from Coronavirus crossing 100, focus will still remain in key China-exposed stocks in the luxury goods and mining sectors.
Luxury stocks Swatch and Richemont could see some relief after December Swiss watch exports data showed 5.8% year-on-year growth.
Apple component suppliers STMicro, Dialog, AMS, among others in the spotlight after a Nikkei report that Coronavirus outbreak may disrupt iPhone production ramp up plans.
In the UK, Tullow Oil is seen up 3% to 5% after the company's top shareholder raises stake to 9.7% from 7.1%.
In earnings, SAP's shares are seen falling 2%-3% in early trade after the German software provider's in-line fail to impress investors. Philips is seen down 3% by traders after Dutch health tech company reported Q4 comparable sales below estimates.
Other movers: Prysmian seen down as regulator Ofgem to open investigation into Western Link cable; Airbus seen up 1% agrees to settle corruption probes; SSAB seen down 3% after Q4 earnins miss
Headlines to digest:
SAP's new leadership duo delivers in-line results, lifts guidance
Airbus agrees to settle corruption probes with France, Britain, U.S.
Philips to sell domestic appliances business
Renault board meeting Tuesday to seal De Meo's CEO nomination -report
MORNING CALL: BOUNCE OFF MONDAY'S SWOON (0634 GMT)
European stocks are seen attempting a slight bounce back after yesterday's sharp sell-off as investors continue to assess the extent of the economic damage stemming from the fast-spreading deadly China virus.
Financial spreadbetters IG expect London's FTSE to open flat at 7,412, Frankfurt's DAX to open 27 points higher at 13,204 and Paris' CAC to open 12 points higher at 5,836.
"With coronavirus worries on the rise, the market continues to struggle with the unenviable task of factoring in absolute terms its implied economic devastation," says Stephen Innes, chief market strategist at AxiCorp.
"Given that China has rapidly increased its role in the global supply chains, the market continues to price in the worst case, negative growth shock scenarios."
Meanwhile, it's a busy earnings day in Europe with SAP, LVMH, Swedbank , among others reporting results today.
(Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)