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LIVE MARKETS-On our radar: trainers, elevators and vacuums

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves:


On the corporate news front, warnings from industrial machinery makers are piling up. The latest comes from Germany's Pfeiffer Vacuum, which warned of delays to orders, cut its FY sales and EBIT margin forecasts in that move that underscores worries about a prolonged European corporate recession and bodes poorly for the upcoming Q3 earnings season.

Its shares are down as much as 9.5% in premarket trading.

One bright spot overnight for sport retailers though - Nike delivered better-than-expected quarterly revenue and profit after the world's largest footwear maker pushed to sell its sneakers to consumers through its own stores and online retailers gained pace. The news sent shares up 5% and may give Adidas and Puma a lift.

Change is afoot at the top of ThyssenKrupp - it plans to end the contract of current Chief Executive Guido Kerkhoff, the latest sign of turmoil at the steel-to-elevators conglomerate, as it tries to restructure itself by selling or listing all or parts of its elevator unit, by far its most profitable business.

Here are your early headlines:

Pfeiffer Vacuum Technology Adjusts Guidance For 2019 Sales And EBIT Margin

Thyssenkrupp CEO Kerkhoff to leave, chairwoman Merz to take over

As Thomas Cook customers return home, blame game begins

Derichebourg Announces Sale Of Its Activities In Morocco

Novartis blames former AveXis executives for Zolgensma data manipulation

Greek utility Public Power Corp shrinks first-half loss

Bain and Advent in advanced talks about new Osram bid -sources

Fiat manager charged with lying about emissions even after VW scandal

Renault-FCA merger "behind us", French carmaker says

(Josephine Mason)



As if investors didn't have enough to worry about from a slowing euro-zone (global) economy, the U.S. trade spat with China to Brexit. Now political turmoil is set to roil Washington and financial markets after the House of Representatives launched impeachment investigation into President Trump over his dealings with Ukraine.

The move has stirred worries about a prolonged period of upheaval in Washington, which could spill into the 2020 election and could distract the head of the world's No. 1 economy as he prepares for the next round of talks with Beijing over trade. Wall Street sold off and Asian equities are under pressure overnight.

IG financial spreadbetters expect London's FTSE to open 17 points lower at 7,274, Frankfurt's DAX to open 24 points lower at 12,283, and Paris' CAC to open 15 points lower at 5,613.

(Josephine Mason)


(Reporting by Danilo Masoni, Josephine Mason and Thyagaraju Adinarayan)