* European stocks up on fresh Brexit deal hopes
* STOXX 600 +0.7%, FTSE 100 lags as sterling rises
* UK midcaps, Irish banks lead gains
* Wirecard sinks after FT report
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share
your thoughts on market moves: thyagaraju.adinarayan.thomsonreuters.com@reuters.net
OPENING SNAPSHOT: THAT FRIDAY FEELING (0730 GMT)
A promising start for European stocks this morning with the pan-European STOXX 600
rising 0.7%, mainly driven by mid-cap UK stocks and Irish banks.
It looks like a repeat of last Friday with domestically-exposed UK banks, retailers,
airlines and housebuilders rising on fresh Brexit deal hopes as EU's Barnier says a deal is
still possible this week.
"Even if an agreement has been difficult, more and more difficult, it's still possible this
week," Barnier says.
Among single stocks, Wirecard is sinking 20% set for its worst day since February
after the FT published documents on Wirecard's accounting practices which it alleges an effort
to inflate sales and profits.
Earnings check: Indivior up 10% after it raises outlook; Hays +6.5% in a relief rally after
its results weren't as bad as its peers, who issued profit warnings last week; Bellway
is sliding 4.6% after it reported FY results, which Jefferies says "contain little to surprise"
and they believe consensus numbers for the company will come down.
(Thyagaraju Adinarayan)
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BREXIT DEAL HOPS FUEL GAINS, BUT EARNINGS TEST KEY (0659 GMT)
Brexit deal hopes again take centre stage as futures trading at European bourses point to a
strong open, but the real litmus test will be in the afternoon, when some big Wall Street banks
kick off the earnings season.
Germany's DAX futures are up 0.6% at their highest since July 27 and the Eurostoxx
futures are just shy of a two-week high.
A BBC report overnight that the European Union is considering a new emergency summit to get
a Brexit deal brought back optimism in markets, although London FTSE stock futures are
rising just 0.3%, lagging the broader market as sterling's rally limits gains.
In corporate news, Kloeckner & Co's shares are sliding 8% in pre-market Frankfurt
trade after the steel company warned on profits in a latest European industrials are still
suffering blows from trade tensions and faltering demand.
It's a different picture at consumer-facing companies with shares in German meal-kit company
Hellofresh seen up 6% after it raised its profit outlook.
In the UK, dealers call British housebuilder Bellway's shares 2% higher citing
positive tone in statement and the Street is divided on Hays after the recruiter
reported no growth in net fees. Rivals Britain's PageGroup and Robert Walters
warned on profits last week.
Hard day for UK industrials: dealers call Renishaw shares down 20% after the British
engineering group's profits tanked 85%, while they see Vesuvius shares dropping 10%
after its profit warning.
European companies with exposure to Turkey in focus after U.S. President Trump slapped
sanctions. BBVA, UniCredit, BNP Paribas, Telia and
Lufthansa are among the top companies with exposure to Turkey.
Later today, we have JP Morgan, Citi, Goldman Sachs, Wells Fargo
and Blackrock kicking-off the third-quarter earnings season.
Key headlines:
BRIEF-Kloeckner & Co SE outlook for full year EBITDA burdened
Schroders assets under management up to 450.8 bln stg at end-Sept
Italy's Ferretti cuts IPO price range to 2.0-2.5 euros per share - source
Indivior raises full-year revenue forecast on Suboxone strength
Hays reports flat quarterly net fees
African masts operator Helios Towers prices IPO at low end of range
Neil Woodford's flagship Equity Income Fund to be shut down
Bellway reports higher annual profit on strong demand for homes
Steel trader Kloeckner cuts guidance again, shares tank
Engineering firm Renishaw first-quarter profit tanks 85%
(Thyagaraju Adinarayan)
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TENTATIVE GAINS (0532 GMT)
European stocks are seen opening slightly higher on renewed hopes that Britain had a chance
to leave the European Union with a deal later this week as UK-EU go into negotiations later this
week.
Fresh optimism was underpinned by a BBC report overnight that the European Union is
considering a new emergency summit to get a Brexit deal.
Citi strategists however were sceptical on a Brexit deal, saying there was "little landing
space for a deal before 19th October".
Financial spreadbetters IG expect London's FTSE to open 7 points higher at 7,220,
Frankfurt's DAX to open 8 points higher at 12,495, and Paris' CAC to open 8 points higher at
5,651.
(Thyagaraju Adinarayan)
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(Reporting by Danilo Masoni, Joice Alves, Josephine Mason, Julien Ponthus and Thyagaraju
Adinarayan)