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* European shares seen opening down slightly
* STOXX 600 fell 0.7% from 6-week high on Monday
* Oil falls after massive jump on Saudi attacks
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
WHAT'S ON OUR RADAR AT THE OPEN (0658 GMT)
European shares are expected to open lower on Tuesday but futures point to easing selling
pressure as oil prices pull back from a massive spike even though they remain elevated in what
could pressure falling corporate earnings even further.
Future on the Euro STOXX 50 index and Germany's DAX are both down 0.2%,
while FTSE futures decline 0.5%.
The pan-European STOXX 600 index, which fell 0.7% from six week highs on Monday, remains up
15% so far this year as central bank stimulus measures have helped offset concerns over a
slowing economy and rising political tensions.
The latest Refinitiv data point to a 1.8% decline in earnings for corporate Europe in Q3
following a 2.6% fall in Q2 as margins come under pressure.
On the corporate front, newsflow is thin.
Among possible movers, trader point to AB Inbev as the brewer moves ahead in plans
to list in Hong Kong its Budweiser unit. Traders say the stock could fall 1% on talk the company
targets up to $4.85 billion from the IPO, half of the previous target.
Still in dealmaking eyes on ThyssenKrupp after the FT said Advent International, Cinven and
the Abu Dhabi Investment Authority are teaming up to bid for the German conglomerate's elevator
business. Its shares are seen rising 1%.
Finland's Kone is open to a co-shareholding structure in a potential deal to
merge with the German company's elevator division, its chief executive told Bloomberg News.
Meanwhile, a share placement in Zalando by top investor Kinnevik has sent shares
in the German e-commerce company down 6.6% in early Frankfurt trade.
Eni shares could fall after reports of an explosion of a refinery near northern
Italian town of Pavia.
In the UK, eyes on Ocado after the online supermarket and technology company
reported an acceleration in retail sales growth in its latest quarter, helped by additional
capacity from its fourth automated warehouse.
In airlines, which face higher fuel bills stemming from spiralling oil prices, Wizz Air
has increased its fuel hedge position beyond its policy minimum levels, a first sign
that airlines are taking steps to protect themselves from rising costs.
Other stock movers: Sweden's Husqvarna sets new financial targets, nudges up
growth goal; French Connection posts smaller loss, expects sale to conclude by
year-end; Swedbank says authorities can quiz lawyer over money laundering reports;
ADO Properties confirms talks about property portfolio sale; Instone Real Estate
sees FY adjusted revenues of 700-750 mln euros; Soitec Announces Successful
Placement Of Shares; U.S. value fund managers betting shift to value stocks won't last
UK headlines
Britain's Ocado sees retail sales growth accelerate
Recruiter Staffline reports first-half loss
French Connection posts smaller loss, expects sale to conclude by year-end
Aquis Exchange Posts Smaller HY Loss; Says Brexit Uncertainty Impacting Market Volumes
Wizz Air Increases Fuel Hedge Position Beyond Its Policy Minimum Levels
(Danilo Masoni)
*****
EUROPE SEEN LITTLE CHANGED AS OIL PRICES PULL BACK (0532 GMT)
It seems the oil-related sell-off that hit risky assets following the weekend attacks on
Saudi facilities may loose steam in Europe with early calls from financial spreadbetters calling
for a flat open, as oil prices pull back after a massive spike.
On Monday, concerns over disruptions to global oil supplies and of mounting geopolitical
tensions pulled the STOXX 600 regional benchmark down 0.7% from a 6-week high.
Financial spreadbetters expect London's FTSE to open 7 points higher at 7,328,
Frankfurt's DAX to open 14 points higher at 12,395, and Paris' CAC to open 5
points higher at 5,607.
In Asian hours, oil shed some of its massive gains as the United States flagged the possible
release of crude reserves, but the threat of military action over the attacks on Saudi oil
facilities kept prices elevated and stocks under pressure.
(Danilo Masoni)
*****
(Reporting by Danilo Masoni, Josephine Mason and Thyagaraju Adinarayan)
