LIVE MARKETS-On our radar: virus warnings, UBS, results

* European shares seen falling from record highs

* EuroSTOXX 50 futures down 0.1%, FTSE futures edge up

* Air France and Schneider Electric warn on virus damage 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 and Danilo Masoni (danilo.masoni@tr.com) in Milan.

ON OUR RADAR: VIRUS WARNINGS, UBS, RESULTS (0754 GMT)

European shares are expected to pull back slightly from record highs after China delivered a rate cut that didn't exceed expectations and a rise in coronavirus in South Korea raised worries over the spread of the outbreak outside China. Euro zone stock futures are trading between flat and a 0.2% drop, while FTSE futures are 0.2% up.

On the corporate news front, Air France-KLM and Schneider Electric became the latest companies to put a number on expected coronavirus damage. Shares in the Franco-Dutch carrier are seen falling 2-3% after saying it expects the outbreak to wipe 150-200 million euros off earnings by April, while the equipment maker predicted a 300 million euro cost in Q1. Shipping group A.P. Moller-Maersk said coronavirus would weigh on earnings in 2020 and Aveva said the outbreak is having some impact on sales in China.

Elsewhere the focus is on financials with a number of companies reporting results and after UBS tapped ING Ralph Hamers to lead the bank and succeeds Sergio Ermotti, who has been with UBS for close to a decade. Shares in the Swiss bank were indicated up 0.9%

AXA lowered its 2020 earnings guidance for its disaster-related insurance business, while a 73% rise in 2019 net profit at Swiss Re missed expectations. Both shares are seen opening down 1-2%. UK lender Lloyds's FY pretax profit at matched expectations, even though a higher return for 2020 and a positive outlook could lift its shares.

Eyes also on Julius Baer's after Switzerland's markets watchdog found serious shortcomings in its efforts to combat money laundering over nearly a decade.

A 500-million-euro and earnings-accretive acquisition is seen lifting Dialog shares up 3%.

Other stock movers: Spain's Telefonica targets stable revenue, profit in 2020; Anglo American's 2019 profit up 9% on higher iron ore, precious metals prices; Asia weakness drags on Accor revenue growth in 2019; Fresenius forecasts 2020 profit growth driven by drug, dialysis units; Moncler's CEO does not rule out M&A but no plan for now; Spain's Repsol posts profit slump and net loss on low prices, writedowns

(Danilo Masoni)

*****

DOWN FROM RECORD HIGHS (0642 GMT)

European shares are expected to pull back after hitting yet another record high yesterday on hints of more China stimulus.

Those hopes supported shares in Asia overnight but later they reversed course as virus cases rose in South Korea, even though China reported a dramatic drop in new cases in the province at the heart of the coronavirus outbreak.

Financial spreadbetters at IG expect London's FTSE to open 27 points lower at 7,430, Frankfurt's DAX to open 59 points lower at 13,730, and Paris' CAC to open 25 points lower at 6,086. Meantime, EuroSTOXX 50 futures are down 0.15%.

In corporate news, Air France-KLM and Schneider Electric are the latest companies to warn on coronavirus damage. The airline said it expects the outbreak to wipe 150-200 million euros off earnings by April, while the electrical equipment maker predicted a 300 million euro cost s in Q1.

Financials also in the spotlight after UBS tapped ING Ralph Hamers to lead the bank and succeeds Sergio Ermotti, who has been with UBS for close to a decade.

In results, AXA lowered its 2020 earnings guidance for its disaster-related insurance business, while a 73% rise in 2019 net profit at Swiss Re missed expectations.

(Danilo Masoni)

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