LIVE MARKETS-Euro tailwind playing out; BA-owner IAG, Hapag Lloyd in focus

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters. You can share your thoughts with Thyagaraju Adinarayan
(thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus
(julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan.

EURO TAILWIND PLAYING OUT; BA-OWNER IAG, HAPAG LLOYD IN FOCUS (0750 GMT)

Stocks are seen attempting to scale fresh record highs as a sharp drop in euro late last
evening is seen supporting dollar earners in the bloc. European bourses, which are seen opening
0.5% to 0.7% higher, are also supported by slowing new cases of coronavirus.

The pan-European STOXX 600 is expected to scale yet another record peak, a day
after Apple's coronavirus warning kept stocks under pressure. The virus is seen
disrupting supply chain and sales in industries ranging from cars to phones.

Adva Optical is the latest company to warn on disruptions from coronavirus and its
shares are seen falling 6% at open.

In other corporate news, British Airways owner IAG's shares could get a boost as
Qatar Airways Group said it had increased its stake in the airline operator to 25.1%.

Hapag-Lloyd's shares are rising 2% in premarket trade after the German container
shipping company raised its 2019 profit forecast on higher freight rates.

ASR Nederland is seen rising 3% after the Dutch insurer's full-year results beat
across the board, trader say.

Other significant moves: Plastic Omnium profits and dividend beat seen helping
shares (+4%); Deutsche Telekom seen +2%, traders highlight strong free cash flow
outlook; Renault cut to junk at Moody's.

(Thyagaraju Adinarayan)

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BACK TO RECORD HIGHS? (0703 GMT)

European stocks are seen opening 0.5% to 0.7% higher as markets remain resilient to the
economic effects of coronavirus which has killed nearly 2,000 people, mostly in China.

The pan-European STOXX 600 is yet again seen scaling record peaks today even as
coronavirus is seen disrupting supply chain and sales in industries ranging from cars to phones.
Apple was the latest to warn on a sales impact.

"We are already seeing various auto companies reporting concerns about shortages of parts in
their supply chains, which in turn could well see production slowdowns," says Michael Hewson,
chief market analyst at CMC Markets UK.

In corporate news, Covestro shares are likely to take a hit after the German
chemicals maker warned on first quarter and 2020 profits citing stiff competition and low
prices.

Meanwhile, container shipping company Hapag-Lloyd raised its 2019 profit forecast
on higher freight rates.

(Thyagaraju Adinarayan)

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(Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)