Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien ¨Ponthus. Reach him on Messenger to share your thoughts on market moves: firstname.lastname@example.org
ON THE RADAR: TED BAKER, CHEMOTEC AND DEUTSCHE BANK (0745 GMT)
It wasn't expected to be a particularly busy day in terms of corporate news but there should nevertheless be a bit of market price action at the open with notably Ted Baker, which just announced that the value of its inventory has been overstated.
Another likely volatile stock is Denmark’s Chemometec, which has appointed a new CEO after the unexpected departure of the incumbent triggered a 18% fall Friday.
Deutsche Bank will also be closely watched with a Reuters exclusive indicating the lender’s role in the Danske money laundering scandal is being thoroughly investigated in the U.S.
In M&A, the takeover battle for Just Eat is also in the spotlight after shareholder Cat Rock Capital said Takeaway.com offer should be accepted unless Prosus ups its bid to 925p.
Unicredit’s sale of a stake in Turkey’s Yapi could also give the Italian lender a little boost at the open.
In Switzerland the ongoing dispute for of Schmolz+Bickenbach could also make some sparkle.
Lastly Premier Oil announced a gas discovery which could cheer up investors.
MORNING CALL: SOME OPTIMISM RISING IN THE EAST (0629 GMT)
European bourses are expected to open higher for their first day of trading in December thanks to upbeat China manufacturing surveys and hopes (yes, sorry, you've read that before) that the world's second economy and the United States will do a preliminary trade deal.
On the first point, a few salvos of European Manufacturing PMIs this morning should also help investors decide whether the old continent's economy is indeed bottoming out.
Financial spreadbetters see London's FTSE opening 32 points higher, Frankfurt's DAX to gain 51 points and Paris' CAC to rise 15 points.
(Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)