LIVE MARKETS-Before the bell: Europe starts November steady

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BEFORE THE BELL: EUROPE STARTS NOVEMBER STEADY

European shares were set for a steady start to the month on Monday, following gains in Asia, where a U.S.-China trade truce and surging AI investments buoyed risk sentiment.

EuroSTOXX 50, DAX and FTSE futures rose by 0.1-0.2%. Wall Street contracts also pointed to moderate gains later on, adding to Friday's surge on the back of solid tech earnings, which helped ease concerns about soaring equity valuations.

The pan-European STOXX 600 .STOXX ended October near record highs, up 2.5%, in its fourth consecutive positive month.

Corporate results remained in focus in Europe, though Monday's calendar was light. The region has lagged the U.S. for profit growth, with earnings up just 0.4% in the third quarter, according to LSEG IBES, against the +13.8% for the S&P .SPX.

Among early highlights on Monday, Ryanair RYA.I reported after-tax profit slightly ahead of analyst forecasts and nudged up its passenger traffic outlook, helped by strong H1 demand.

BP BP.L said it is selling its non-controlling stakes in the Permian and Eagle Ford midstream assets of its U.S. onshore oil and gas business for $1.5 billion.

Eyes were also on Campari CPRI.MI, after Italian tax police seized $1.5 billion worth of shares from the holding company that controls the drinks maker over alleged tax evasion. Its shares were down around 4% on Tradegate.

(Danilo Masoni)

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