February 7, 2018 / 7:05 AM / 8 months ago

LIVE MARKETS-DAX, FTSE, CAC futures on the up

    * European shares seen snapping 7-day losing streak
    * STOXX 600 7.7 percent below Jan peak
    * Wall Street rebounded on Tuesday but futures weak

    Feb 7 (Reuters) - 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
 
 
    DAX, FTSE, CAC FUTURES ON THE UP (0703 GMT)
    Futures on Europe's top stock benchmarks have opened in positive territory, up 0.4-1
percent, confirming earlier indications from spreadbetters for a rebound at the open following
seven days of losses in a row. Traders, however, don't rule out there could be further
turbulence ahead. Here's your snapshot:    
 
    (Danilo Masoni)
    *****    
    
    EUROPEAN EARNINGS: BEATS LAG TYPICAL QUARTER, BUT REVENUES AHEAD (0637 GMT)
    The latest Thomson Reuters Earnings Outlook report for the pan-European STOXX 600
index is out, showing how fourth-quarter earning beats so far are lagging the typical quarter,
while revenue beats are ahead. 
    As a result earnings growth forecasts for the quarter have been revised downwards.    
 
    Here in the key highlights there are more details: 
    * Fourth quarter earnings are expected to increase 11.0% from Q4 2016. Excluding the Energy
sector, earnings are expected to increase 7.9%.
    * Fourth quarter revenue is expected to increase 1.5% from Q4 2016. Excluding the Energy
sector, earnings are expected to increase 0.6%.
    * 85 companies in the STOXX 600 have reported earnings to date for Q4 2017. Of these, 48.2%
reported results exceeding analyst estimates. In a typical quarter 50% beat analyst EPS
estimates.
    * 89 companies in the STOXX 600 have reported revenue to date for Q4 2017. Of  these, 57.3%
reported revenue exceeding analyst estimates. In a typical quarter 54% beat analyst revenue
estimates.
    * During the week of Feb. 12, 33 STOXX 600 companies are expected to report quarterly
earnings. 
    (Danilo Masoni)
    *****

    MORNING CALL: AFTER 7 DAYS OF RED, EUROPEAN SHARES SEEN UP (0614 GMT) 
    Good morning and welcome to Live Markets. 
    After seven days of pain that pushed the STOXX 600 7.7 percent below the two-year
peak hit in January, shares in Europe are finally set to rise back following a rebound at Wall
Street in the previous session, although there could still be turbulent sessions ahead.   
     Asian share markets took back some of their earlier gains as investors were unnerved by a
drop in U.S. stock futures, underscoring lingering anxiety following steep losses in global
equities over the past few days.
   "Yesterday's recovery in US markets is likely to result in a decent rebound for stock markets
in Europe this morning after yesterday's weak session, however it remains too early for the
moment to suggest that this might be the end to this particular bout of weakness, given that we
still remain below the levels of where we closed Monday’s trading session," say Michael Hewson,
Chief Market Analyst at CMC Markets UK.
    Here are your opening calls: 
    FTSE100 is expected to open 44 points higher at 7,185
    DAX is expected to open 138 points higher at 12,530
    CAC40 is expected to open 69 points higher at 5,230
    (Danilo Masoni)
    *****

    
 (Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)
  
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