* European stocks futures rise
* Trump agrees with EU to work to lower trade barriers
* Big results day: Shell, Diageo, Nestle, Daimler, AB InBev give updates
* Facebook tumbles in extended trade after results
LONDON, July 26 (Reuters) - Welcome to the home for real-time coverage of European equitymarkets brought to you by Reuters stocks reporters and anchored today by Kit Rees. Reach her onMessenger to share your thoughts on market moves: kit.rees.thomsonreuters.com@reuters.net
ON THE RADAR AHEAD OF THE EUROPEAN OPEN (0639 GMT)
Thawing U.S.-EU trade tensions are set to propel European stocks, with futures for theexporter-heavy DAX up 1.2 percent.
The trade breakthrough comes on a very busy earnings day for Europe, with big hittersincluding Shell, Airbus, Diageo, AstraZeneca, Roche, AB InBev and Schneider Electric all givingupdates.
Of note are Daimler's results in which its Q2 profit dropped 30 percent. This follows theall-too-familiar pattern seen at peers GM, Fiat and Ford where the trade tensions between theU.S. and China have resulted in them cutting forecasts (Daimler did so last month).
Facebook's tumble in after-hours trading could put a dampener on tech stocks today, sothat's another area to watch.
Here are some more headlines:
Shell launches $25 bln buyback plan, Q2 profits misses
Diageo's sales up despite currency headwind
Smith & Nephew sticks to full-year view as established markets recover
New drugs help as AstraZeneca battles through generic losses
French oil major Total's Q2 profits jump on new record output
Spain's DIA risks guidance as core profit keeps falling
Anglo American confirms Quellaveco copper project, H1 earnings rise
Relx maintains revenue growth trajectory, reiterates outlook
Spain's Repsol Q2 adjusted net profit rises 23 percent y/y
Puma lifts sales target after solid second quarter
Austria's Verbund beats Q2 profit helped by good water supply
Dutch telco KPN beats estimates with slight rise in core profit
French retailer Casino to sell 15 pct of Mercialys, keeps goals
Schroders posts 8 pct rise in H1 pretax profit, assets up
UK caterer Compass posts lower margins on UK challenges
Russia's Polymetal says Q2 revenue up 13 pct y/y
Britain's Sky reports 9 percent rise in core earnings
Virgin Money reports 10 pct rise in H1 profit
AccorHotels drops plan to buy minority stake in Air France-KLM
German consumer morale slips heading into August
(Kit Rees)
*****
EUROPEAN EARNINGS: BUSY, BUSY, BUSY (0604 GMT)
European stocks futures have opened higher on what is a very busy earnings day. Autos aredefinitely going to be in focus following Daimler's results, in which the carmaker'ssecond-quarter profit tumbled 30 percent, citing tariffs as one of the contributing factors.
This follows a pattern seen in results from General Motors, Fiat and Ford.
Here are key earnings-related headlines so far this morning:
Daimler Q2 profit hit by WLTP emissions, clouding outlook
AB InBev gets World Cup boost to beat expectations
Schneider Electric raises FY outlook again; sees growth across businesses, regions
Roche raises 2018 outlook as new drugs gain traction
Deutsche Boerse Q2 net profit up 19 pct on higher volatility
Airbus Q2 core profit doubles after A350 cost improvements
Nestle expects better H2 after quarterly growth beats poll
Spain's Bankia posts 36 pct rise in Q2 profit on lower provisions
Nokia posts weak profits, sees 5G boost later in 2018
Telecoms group Orange Q2 core operating profits rise 3 percent
Spain's Telefonica H1 core profit down 0.9 percent
French reinsurer Scor's net profit hit by U.S. tax reform in Q2
Valeo cuts 2018 profit outlook, blaming new emissions tests
France's Ingenico cuts core profit outlook on Iran exit, currency headwinds
Suez sells 20 pct of U.S. water business for $601 mln, H1 earnings robust
France's Klepierre raises guidance on strong leasing activity
Sika reports better-than-expected H1 profit
Essilor keeps financial targets, says Luxottica deal on track
Covestro ups profit guidance on strong plastics demand
Equinor Q2 adj operating income lags forecast due Norway maintenance
(Kit Rees)
*****
OPENING CALL: EUROPEAN SHARES SET TO RALLY (0533 GMT)
Good morning. European shares are expected to open higher, according to financialspreadbetters, after the European Union offered trade concessions in talks with U.S. PresidentDonald Trump.
Spreadbetters expect Britain's FTSE to open 0.1 percent higher, Germany's DAX to climb 0.7percent and France's CAC to gain 0.4 percent.
The thawing in trade tensions helped Wall Street rise, though we're seeing signs of pain intech stocks after Facebook's shares tumbled in extended trade after it warned about slowinggrowth and climbing expenses.
Asian shares were lacklustre, however, with worries over the impact of trade frictions ongrowth weighing on China and Hong Kong stocks.
(Kit Rees)(Reporting by Kit Rees and Danilo Masoni)