LIVE MARKETS-On our radar: updates from BAT, Meggitt, TomTom

* European shares seen marginally up

* Asian stocks edge up

* BAT, Meggitt (Other OTC: MEGGF - news) , TomTom (LSE: 0MKS.L - news) report results

* Eyes on ongoing Brexit talks

Oct (Shenzhen: 000069.SZ - news) 16 (Reuters) - Welcome to the home for real-time coverage of European equity markets

brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on

Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net

ON OUR RADAR: UPDATES FROM BAT, MEGGITT, TOMTOM (Swiss: TMO.SW - news) (0651 GMT)

European shares are set to stabilise above 22-month lows hit in the previous session as the

focus turns from the upset caused by a steep surge in U.S. yields to the start of the reporting

season which is expected to deliver double-digit earnings growth for the third quarter.

Futures on main euro zone benchmarks were trading up 0.1 percent, while FTSE futures were

lagging a tad behind amid uncertainty surrounding Brexit talks.

In earning updates, British American Tobacco (Kuala Lumpur: 4162.KL - news) cut its full-year revenue target for

next-generation products, citing a flat market in Japan and a product recall in the United (Shenzhen: 000925.SZ - news)

States. On a more positive note, engineer Meggitt raised its estimate for 2018 organic revenue

growth thanks to higher demand for its wheels, brakes, fuel tanks and other aeroplane parts,

while TomTom posted a stronger-than-expected rise in third-quarter core earnings.

About 6 percent of STOXX 600 companies are due to report this week. Overall, third quarter

earnings for the index are expected to have risen 14 percent on revenues up 7.4 percent,

according to Refinitiv I/B/E/S data, while euro zone earnings are seen up 12 percent. That

compares to the 21.6 percent growth seen for US companies.

Other stock movers: Profit up 14 pct at housebuilder Bellway (Frankfurt: 869646 - news) on higher prices, sales; Merlin

Entertainments to meet 2018 forecasts; Volvo warns some truck engines could be exceeding

emission limits; Ambea to buy Aleris' Nordic care business in SEK 3 bln deal; Drax to pay 702

million pounds for Scottish Power generation facilities

For more headlines, check out our previous post.

(Danilo Masoni)

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HEADLINES ROUNDUP: EARNINGS START TO FLOW IN (0559 GMT)

It looks there is no big corporate news that could shake markets this morning, although the

European earnings season is starting to see the first releases with results coming in from

TomTom and Talanx (IOB: 0QA8.IL - news) .

About 6 percent of STOXX 600 companies are due to report this week. Overall, third quarter

earnings are expected to have risen 14 percent on revenues up 7.4 percent, according to

Refinitiv I/B/E/S data.

Telecoms could also continue to draw attention after Deutsche Telekom (IOB: 0MPH.IL - news) said it was confident

it will secure EU antitrust approval to buy Tele2 (LSE: 0QE6.L - news) 's Dutch business.

Here is out early morning headline roundup.

TomTom reports better-than-expected Q3 core earnings

Sanofi (LSE: 0O59.L - news) , Regeneron say late-stage Dupixent trials show positive results

Total CEO sees lower demand, higher supply of crude in 2019

Talanx Q3 profit hit by industrial property insurance losses

Deutsche Telekom CEO optimistic about EU okay for Tele2 Dutch deal

Linde (IOB: 0H3X.IL - news) says FTC's Commissioners looking into merger

Swisscom (IOB: 0QKI.IL - news) evaluating tie-up for Italian unit Fastweb - Bloomberg

Dassault Aviation (LSE: 0IAX.L - news) will raise production rates on certain models -CEO

BHP doubles stake in promising Ecuador copper project

Rio Tinto Q3 iron ore production falls on planned maintenance and safety pauses

Anglo Asian's Azerbaijan gold output rises 47 pct in Q3

BP and Eni (LSE: 0N9S.L - news) to start drilling in Libya within months- The Telegraph

Burberry joins luxury sector's race to refresh products monthly

France's Safran (LSE: 0IU8.L - news) redesigned part of Silvercrest engine -executive

Italy's Piovan revises IPO range to low end, books to close early

Cepsa float fail could jeopardise other energy listings

Advent starts preparations for IPO, sale of Addiko bank -sources

Sweden's Fagerhult to buy Italian lighting group iGuzzini

Offshore drillers eye recovery by 2020

(Danilo Masoni)

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MORNING CALL: EUROPE SET TO STABILISE ABOVE 22-MONTH LOWS (0512 GMT)

European shares are expected to rise slightly at the open today, further stabilising

following a turbulent week that pushed them to 22-month lows, as investors reacted to a steep

rise in U.S. Treasury yields and fresh political worries.

Financial spreadbetters expect London's FTSE to open 1 point higher at 7,031, Frankfurt's

DAX to open 30 points higher at 11,644 and Paris' CAC to open 8 points higher at 5,103.

In Asia, stocks rose modestly, gaining a firmer footing after a week of heavy losses,

although increasing tensions between Saudi Arabia and the West fanned geopolitical concerns and

capped gains.

(Danilo Masoni)

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