* European shares seen opening up slightly
* Investors await clearer news on possible trade deal
* U.S. grants Huawei new 90-day license extension
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
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ON OUR RADAR: BATTLE FOR BME, GERMAN REAL ESTATE, EARNINGS
(0755 GMT)
European shares are seen rising slightly at the open, helped
at the margins by news that the U.S. has granted Huawei a
longer-than-expected 90-day license extension, although the
region's top index remains stuck in its recent tight range, just
below record highs, pending clearer news on whether the U.S. and
China will strike a preliminary deal to end trade war.
EuroSTOXX50, DAX, FTSE, CAC and IBEX futures are up
0.2-0.5%.
On the corporate front, eyes on the bidding war for Madrid
bourse operator BME which could heat up further after
Spanish newspaper La Informacion said Deutsche Boerse
is mulling a bid for BME following competing moves by SIX and
Euronext to take over their smaller Spanish rival.
German real estate could also grab some attention due to M&A
action. Shares in TLG Immobilien are up 1.5% in early
Frankfurt trade after agreeing to merge with Aroundtown SA
in an all-share transaction.
In earnings, news is mixed.
Sonova lifted its FY 2019/2020 sales and profit
outlook after the hearing aid maker said a new device took
market share from rivals in H1. Its shares are seen up 2%.
Private bank Julius Baer said it was unlikely to
achieve its target of 4-6% growth in net new money this year due
to outflows from funds at its Italian subsidiary Kairos. Plans
for a a 400-million-francs share buyback could sweeten the
disappointing earnings update.
Dialight could be hit hard after the lights
manufacturer warned on its annual operating profit, hit by the
Sino-U.S. trade spat which has led to uncertainty around the
timing of orders from its customers.
(Danilo Masoni)
*****
MORNING CALL: LITTLE CHANGED (0628 GMT)
European shares are expected to open little changed,
hovering at striking distance from their past record highs, as
investors await clearer news on whether the U.S. and China will
strike a preliminary deal to end a drawn-out trade war.
Spreadbetters at IG expect London's FTSE to open 6 points
higher at 7,314, Frankfurt's DAX to open 9 points higher at
13,216 and Paris' CAC to open 5 points higher at 5,934.
Over in Asia, shares were mixed.
(Danilo Masoni)
*****
(Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and
Thyagaraju Adinarayan)
Dialight (DIA)