LIVE MARKETS-What we're watching ahead of the open

* European stocks futures open slightly higher

* Wall St gains, but Facebook (NasdaqGS: FB - news) sees more pain

* U.S. Fed policy statement due 1800 GMT

LONDON, March 21 (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 (0747 GMT)

Trading will be cautious ahead of the US Fed policy statement later this evening, with

European stock futures trading slightly higher.

Hermes, which makes $10,000-plus Birkin handbags, saw its margins hit a record in 2017,

while interestingly Kingfisher (Frankfurt: 812861 - news) beat forecasts on the back of growth at Screwfix – home

improvement stores still seem to be holding their own against online retail.

Facebook’s shares saw a further slide on Tuesday as it faces questions from U.S. and

European lawmakers over reports of data misuse, and sentiment around tech firms continues to

sour.

Latest company news headlines:

French luxury group Hermes says margins hit record 34.6 pct

Airbus to name new CEO at the end of the year

Vivendi’s chairman loses battle for Ubisoft

Kingfisher says UK market 'more uncertain' as profit edges higher

GKN (Frankfurt: 694194 - news) hits back at Melrose (LSE: 136541.L - news) criticism of planned Dana deal (RNS statement)

Mothercare (Other OTC: MHCRF - news) says lenders agree to defer testing of financial covenants

Carpetright (Other OTC: CGHXF - news) scrambles to secure emergency funds; seeks at least 10 mln stg - Sky News

Shell (LSE: RDSB.L - news) sees downstream annual organic free cash flow of $6 bln to $7 bln by 2020

Norwegian Air raises $168 mln as expansion, fuel costs weigh

EU to unveil plan to tax turnover of big U.S. tech firms

Price wars heat up as Lyxor launches low cost ETFs (Shenzhen: 395013.SZ - news) in Europe

Fingerprint Cards (LSE: 0RGY.L - news) denies giving price sensitive info to analysts

French fashion firm SMCP says profit margins to grow further in 2018

AB InBev (Brussels: ABIT.BR - news) sets climate, water goals to keep fizz in beer sales

Norway's Telenor (LSE: 0G8C.L - news) in 2.8 bln eur asset sale to Czech investor PPF (Shenzhen: 300258.SZ - news)

Ferrexpo (Other OTC: FEEXF - news) raises 2017 dividend, sees better demand this year

(Kit Rees and Tom Pfeiffer)

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EUROPEAN STOCKS FUTURES EDGE HIGHER (0710 GMT)

Stocks futures have confirmed that a slight tick higher is on the cards for European

equities this morning, though the FTSE could come under pressure from a stronger pound and a

drop in the copper price, which could weigh on the miners.

Here's your futures snapshot:

(Kit Rees)

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EARNINGS WATCH: FOCUS ON LUXURY (0646 GMT)

Here's a round up of European firms which are giving earnings updates today, with BMW (EUREX: BMWE.EX - news) and

Hermes among ones to watch.

Back in February Hermes saw some weakness in its shares after reporting a slowdown in Q4

sales growth due to stocks of its handbags running low (more a sign of popularity than anything

else), so it will be interesting to see whether demand from younger shoppers and Asia has fed

through into earnings.

ISHG.DE Q4 2017 Intershop Communications AG Earnings Release

IVUG.DE Q4 2017 Ivu Traffic Technologies AG Earnings Release

TRIA.PA Q2 2018 Trigano SA Corporate Sales Release

SBOE.VI Full Year 2017 Schoeller Bleckmann Oilfield Equipment AG Earnings Release

SKISb.ST Q2 2018 SkiStar AB Earnings Release

TRN.MI Full Year 2017 Terna Rete Elettrica Nazionale SpA Earnings Release

VSCk.DE Q4 2017 4Sc AG Earnings Release

V6CG.DE Q4 2017 Viscom AG Earnings Release

FPEG_p.DE Q4 2017 Fuchs Petrolub SE Earnings Release

ESP.L Full Year 2017 Empiric Student Property PLC Earnings Release

OHBG.DE Q4 2017 OHB SE Earnings Release

RHIM.L Full Year 2017 RHI Magnesita NV Earnings Release

HRMS.PA Full Year 2017 Hermes International SCA Earnings Release

HABG.DE Q4 2017 Hamborner Reit AG Earnings Release

ECT.AS Q4 2017 Eurocastle Investment Ltd Earnings Release

BMWG.DE Q4 2017 Bayerische Motoren Werke AG Earnings Release

(Kit Rees)

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MORNING CALL: EUROPEAN STOCKS SEEN OPENING HIGHER (0626 GMT)

Good morning. European stocks are seen rising today, building on yesterday's gains as

investors await the result of the U.S. Fed's policy meeting.

Financial spreadbetters expect Britain's FTSE to open 13 points higher, Germany's DAX to

gain 45 points and France's CAC to advance 10 points.

Overnight, China and Hong Kong stocks enjoyed gains, while a rise in energy stocks supported

Wall Street.

The focus could once again be on tech stocks after Facebook's shares slid a further 2.6

percent on Tuesday as it faces questions from U.S. and European lawmakers over reports political

consultancy Cambridge Analytica may have improperly gained access to data on 50 million users.

(Kit Rees)

(Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)