Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net
A FEW THINGS TO WATCH AT THE OPEN (0650 GMT)
Energy stocks: of course BP results but more widely oil prices are on the rise after Israeli Prime Minister Benjamin Netanyahu said he was sure Trump would do "the right thing" in reviewing Iran's nuclear deal with western powers. materials and metals stocks with Trump postponing the imposition of steel and aluminium tariffs the sector: Australia's corporate watchdog said on Tuesday it has expanded legal action against miner Rio Tinto (LON:RIO).
Beer: Danish brewer Carlsberg (CO:CARLa) sales fell 5 percent in the first quarter.
For Britain, Manufacturing PMI will be closely watched as well as the latest Brexit controversy with Britain's upper house voting to give parliament powers to block or delay a final deal on departure from the European Union.
(Julien Ponthus)
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FTSE FUTURES TICK UP (0616 GMT)
FTSE futures have opened just slightly up, rising about 0.1 percent it what could be a quiet day given that most European bourses are closed for Labour day.
There will however be BP BP.L shares to watch at the open after the major reported a 71 percent jump in profit in the first quarter. expect a bit of action in about two hours with some U.K. macro data: 0830 GMT UK BOE Consumer Credit for March: Expected 1.450 bln GBP; Prior 1.647 bln GBP 0830 GMT UK Mortgage Lending for March: Expected 3.600 bln GBP; Prior 3.718 bln GBP 0830 GMT UK Mortgage Approvals for March: Expected 63.000 k; Prior 63.910 k 0830 GMT UK M4 Money Supply for March: Prior -0.3 pct 0830 GMT UK Markit/CIPS Manufacturing PMI for April: Expected 54.8; Prior 55.1
(Julien Ponthus)
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M&A GALORE: $120 BILLION WORTH OF DEALS IN 2 DAYS (0547 GMT)
According to Thomson Reuters data, there's been $120 billion worth of deals announced between April 29 and April 30. The M&A frenzy has been quite obvious indeed with Sainsbury's planned merger with Asda or the tie-up between T-Mobile U.S. and Sprint.
Take a look:
(Julien Ponthus)
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MORNING CALL: FTSE SEEN OPENING FLAT AHEAD OF KEY PMI DATA (0527 GMT)
The FTSE is expected to open 4 points higher this morning while most major European bourses are off on Labour Day.
All eyes this morning are on Britain's Manufacturing PMI for April after Friday's poor GDP data made investors worry about a sharp slowdown in economic growth, which could prevent the BoE from raising rates this month.
There is also some palpable relief on Asian markets and on U.S. futures after Trump postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico until June 1.
(Julien Ponthus)
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