MORNING BID EUROPE-British growth and the annoying European Parliament

* A look at the day ahead from EMEA Economics and Politics Desk Editor Jeremy Gaunt and EMEA Markets Editor Mike Dolan. The views expressed are their own.

LONDON, Oct (Shenzhen: 000069.SZ - news) 27 (Reuters) - Britain releases its third-quarter GDP numbers today and the occasion will be another opportunity for one side or another in the Brexit vote to say "Told you so".

The number will reflect the three months after the vote. If it is bad, the EU Remainers will say here comes the doom we warned about. If it is good, the EU Leavers will say, no doom here, move along.

Data since Brexit has generally been mixed. With (Other OTC: WWTH - news) the exception of the tumbling pound - which is less an actual macroeconomic indicator that a sentiment gauge - the UK economy has stood up better than many had expected.

But it is still very early days, and everyone in Britain has spent the past three months getting used to the idea that there may be a harsh break with no single market access - not something anyone was talking about much during the Brexit campaign.

The initial feeling that Prime Minister Theresa May had things under control has also dissipated somewhat.

Reuters polls suggest GDP growth will have more than halved to 0.3 percent Q/Q versus 0.7 percent between the first and second quarters. Year-on-year growth should be unchanged at 2.1 percent - but you can probably write the reaction scripts now.

In the meantime, the European Parliament has its annual opportunity to annoy people who have a questionable human rights record. It will announce the winner of its annual Sakharov Prize for Freedom of Thought.

Of three finalists, an award to Turkish newspaper editor Can Dundar could anger the Turkish government, with which the EU is engaged in a delicate process of bargaining to curb the flow of migrants into Europe.

The other finalists are the leader of Crimean Tatars, a vocal critic of Russia's annexation of the peninsula from Ukraine, and two women who have spoken out for the plight of Iraq's Yazidi religious community, attacked and persecuted by Islamic State.

MARKETS

The white heat of the Q3 earnings season continues to dominate equity markets. Given the anxiety over its ability to cope with outsize U.S. fines, Deutsche Bank (LSE: 0H7D.L - news) 's unexpected Q3 profit is an early eye-catcher, offsetting the downbeat Apple (Swiss: AAPL.SW - news) results on Wednesday - with both acting as counterpoints to the aggregate view of a recovering U.S. corporate picture that's now tracking growth of more than 2 percent and still-hefty contraction in Europe. Boeing (NYSE: BA - news) 's impressive showing did underline the broad trend, however, and helped the Dow Jones stay in the black and outperform other indices.

The Apple results may say more about subdued world growth at large, with slippage in oil prices also notable. Brent is now struggling to keep a foothold above $50 amid doubts about OPEC's supply cut plans, and dipped below that level on Wednesday for the first time in almost a month. A cooling of Chinese industrial profits growth last month after August's surge shows rising debts there dragging on the economy and will keep eyes on the ongoing weakness of the yuan, which is down 1.5 percent so far this month.

Shanghai/HK and Tokyo stocks fell overnight, but Seoul and other regional Asia bourses were higher. Despite easier oil prices, bond yields continue to push higher as markets brace for a December Fed rate hike and await durable goods orders data, out later. Despite easier oil prices, 10-year Treasury yields rose close to four-month highs above 1.81 pct overnight and bund yields are hovering just under 0.10 pct. Euro/dollar has firmed to recapture $1.09. UK GDP is due out later and is expected to show the economy continued to grow post-referendum, driven mostly by consumption. Sweden and Norway are expected to keep rates unchanged. European stock indices are expected to open lower.

- Deutsche Bank shares were up 3 percent in pre-market trade after the German lender posted an unexpected net profit of 278 million euros in the third quarter - after a record loss in the year-earlier period - helped by a surge in bond trading, while legal provisions rose to 5.9 billion euros from 5.5 billion euros. The bank gave no information on the expected timing of a possible RMBS settlement with the DOJ.

- Barclays (LSE: BARC.L - news) reported a forecast-beating jump in third quarter profits to 1.7 billion pounds, driven by improved investment banking results, with profits up 40 percent overall from a year ago on stronger returns from the trading division in particular. Spain's second-biggest bank BBVA (LSE: 931474.L - news) reported a forecast-beating net profit in the third-quarter, helped by strong business in its key Mexican market.

- Other numbers to digest came from Norwegian oil firm Statoil (LSE: 0M2Z.L - news) , which cut its 2016 capital expenditure again after posting third-quarter earnings below forecast; Swiss power transformer maker ABB (LSE: 0NX2.L - news) , whose third-quarter orders slipped 14 percent on customer hesitation even though a cost-cutting program helped boost the profit margin, and BASF, which posted quarterly earnings above market expectations. German healthcare group Fresenius SE slightly raised its earnings guidance, while Nokia (Milan: 23568.MI - news) 's quarterly profit fell less than expected. (Editing by)