LIVE MARKETS-Meanwhile, earnings remain reassuringly calm

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

MEANWHILE, EARNINGS REMAIN REASSURINGLY CALM

Tariff jitters are rattling markets this morning, but beneath the surface of prices flashing red, investors might find some reassurance from a European earnings season that is unfolding with no big shocks in either direction.

Around 20% of STOXX 600 .STOXX members has reported so far with positive surprises coming in broadly in line with the historical averages, according to Goldman Sachs.

"A greater share of companies than usual is reporting in line with expectations. In other words, the share of companies significantly beating or missing is lower than usual," say analysts at the U.S. investment bank.

Have a look at the snapshot below for more details.

On the positive side, GS notes that beats are being rewarded a little more than misses are punished. Companies surprising to the upside were up 1.6% versus the market on the reporting day.

The calendar this week is particularly busy with GSK GSK.L, Novo Nordisk NOVOb.CO, AstraZeneca AZN.L and L'Oreal OREP.PA due between Wednesday and Thursday, GS notes.

(Danilo Masoni)

MONDAY'S OTHER LIVE MARKETS POSTS:

SOME SIMULATIONS ON POSSIBLE FOREX MOVES CLICK HERE

TRUMP TARIFFS SEND STOXX LOWER; AUTOS SECTOR LAGS CLICK HERE

EUROPE BEFORE THE BELL: TRADE WAR UNDERWAY CLICK HERE

TRUMP TARIFF REALITY UNNERVES MARKETS CLICK HERE