LIVE MARKETS-What we're watching ahead of the open
* European stocks futures flat
* U.S. tariff deadline July 6
* Asian equities fall, Wall St futures mixed
LONDON, July 5 (Reuters) - Welcome to the home for real-time coverage of European equity
markets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach her on
Messenger to share your thoughts on market moves: kit.rees.thomsonreuters.com@reuters.net
WHAT WE'RE WATCHING AHEAD OF THE OPEN (0637 GMT)
It's set to be a quiet session for European shares with futures pointing to a broadly flat
start ahead of tomorrow's deadline for U.S. tariffs on $34 billion of Chinese imports to go into
effect.
The uncertainty over global trade has meant that stocks have been pretty rangebound this
week, and are set to end the week unchanged following two weeks of straight losses.
While the Q2 earnings season is still a little while away, a number of British companies
have given various updates including housebuilder Persimmon, Primark owner AB Foods and
Superdry, the latter two which will provide further evidence as to the health of the UK high
street.
Here are this morning's key headlines:
France's Sodexo keeps goals despite weaker Q3 sales
Persimmon's revenue rises 5 pct on higher sales, prices
Primark owner AB Foods maintains full-year profit guidance
Glencore announces $1 bln share buyback
Superdry posts double-digit growth in FY revenue, pretax profit
US offers German car bosses 'zero tariffs' solution to trade row-Handelsblatt
Airbus CEO says expects results from CSeries deal in time for Farnborough
Airbus CEO worried US trade dispute escalation could impact air traffic
Italy's Generali to sell 89.9 pct of German life insurance portfolio to Viridium
WPP warns Sorrell he could lose payout over M&A clash - source
Proxy advisor ISS backs Premier Foods in battle with Oasis
Thyssenkrupp, Tata Steel may need asset sales to get EU nod for JV
FOCUS-Bar by bar, Heineken battles AB Inbev in Brazil
Content-hungry bidders circle 'Big Brother' maker Endemol
Britain's Lloyds offers $100 million so far to HBOS fraud victims
Britain's JLR says 'bad Brexit' would mean it could not stay in UK
SBM Offshore: Brazilian court orders Petrobras to withhold some
payments
India's Future Lifestyle Fashions to invest about 1.40 bln rupees in Koovs
GRAPHIC-Trade war could hurt these economies far more than U.S., China
Investors demand 500 companies disclose more data on employees
German industrial orders rebound with stronger-than-expected rise in May
IMF cuts German 2018 economic growth forecast to 2.2 pct
(Kit Rees)
*****
EUROPEAN STOCKS FUTURES OPEN BROADLY FLAT (XX GMT)
It looks like trading is going to remain rangebound today as European stocks futures have
opened broadly unchanged.
Analysts are pointing to ongoing tensions over global trade.
"With the continued uncertainty as to what the actual next move will be, from either power,
traders were opting to sit on the side lines," analysts at London Capital Group said in a note,
referring to the U.S. and China.
Here's your snapshot:
(Kit Rees)
*****
MORNING CALL: EUROPEAN SHARES SEEN OPENING FLAT (0532 GMT)
Good morning. European shares are expected to open roughly unchanged, according to financial
spreadbetters, ahead of a U.S. deadline to impose tariffs on Chinese imports.
"While trade tensions could escalate in the near term, we remain optimistic that the risks
will diminish in coming months," analysts at Credit Suisse Wealth Management said in a note.
Spreadbetters saw Britain's FTSE 100 opening flat, Germany's DAX flat and France's CAC 0.1
percent lower. Futures for Wall Street indicated a mixed start for U.S. stocks later in the day,
while Asian equities were in negative territory as markets remain on edge.
(Kit Rees)
(Reporting by Kit Rees and Julien Ponthus)