January 19, 2018 / 7:12 AM / 3 months ago

LIVE MARKETS-Overnight headlines

    * European shares seen lower at end of directionless week
    * In Asia, stocks brush off Wall St losses
    * China economy grew faster than expected in Q4

    Jan 19 (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  
   
 
    
OVERNIGHT HEADLINES (0744 GMT)
Nestle nominates three board directors to help advance strategy    
Deutsche Bank CEO says overhaul will take time          
UK's Carpetright warns on profit after post-Christmas sales fall   
Software AG takes hit on U.S. tax reform              
Peugeot CEO: UK plants uncompetitive,open to S.America alliance   
British Land names Simon Carter as next CFO                
BASF says 2017 adjusted EBIT up 32 percent on basic chemicals    
UK's esure CEO steps down, finance chief at helm in interim    
Thyssenkrupp CEO says will sharpen strategy - Handelsblatt      
Daimler, Bosch hit by walkouts in sector-wide labour dispute     
Airbus says supplier bottlenecks easing as deliveries rise      
HSBC to pay $100 mln to settle U.S. probe into currency rigging    
TF1 announces deal to buy Aufeminin From Springer        
Late timing of Chinese New Year weighs on Remy Cointreau Q3    
At AstraZeneca, fewer drug projects bring big productivity jump    
Italy's Geox to name top Gucci executive as new CEO          

(Tom Pfeiffer)
    *****
    
    EUROPE'S STOCK FUTURES FLAT (0710 GMT)
    Futures have opened with marginal gains in Europe, reversing earlier indications from
spreadbetters for a dip. Both however suggest the market is lacking of clear direction and could
move sideways through the session.    
 
    (Danilo Masoni) 
    *****    
    
    "IT WAS A GOOD WEEK FOR EUROPE EQUITY FUNDS" (0640 GMT)
    That's what Cameron Brandt, Research Director at EPFR Global, said in his latest weekly
update on fund flows. The positive week came despite the broader European market was little
changed in percentage terms with the STOXX 600 up less than 0.1 percent so far this week.
    At the country level there were divergences: "flows into Sweden and UK Equity Funds hit 12
and 39-week highs while France Equity Funds saw their three-week inflow streak snapped and Italy
Equity Funds experienced net redemptions for the 11th time in the past 12 weeks," he added.    
 
    On sectors globally, cyclicals dominated. Financials, Industrials and Technology Sector
Funds all took in over $600 million during the week ending Jan. 17 while Real Estate Sector
Funds recorded their biggest outflow since late October, he said.
    (Danilo Masoni)
    *****
    
    EUROPEAN MORNING CALL: LOWER (0618 GMT)
    Good morning and welcome to Live Markets. European shares are set to open lower today at the
end of a directionless week where the pan-regional STOXX 600 has gained less than 0.1
percent so far following two weeks of gains.
    Over in Asia, stocks shook off losses on Wall Street and edged up to record highs on Friday
following China's announcement of faster-than-expected fourth quarter growth, while worries over
a possible U.S. government shutdown weighed on the dollar.
    Here are your opening calls, courtesy of CMC Markets:
    FTSE100 is expected to open 6 points lower at 7,694
    DAX is expected to open 20 points lower at 13,261
    CAC40 is expected to open 9 points lower at 5,486    
    And here are the weekly moves on the STOXX over the past 3 months.
 
    (Danilo Masoni)
    *****

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