LIVE MARKETS-Europe before the bell: futures fail to catch Fed rate cut bid

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EUROPE BEFORE THE BELL: FUTURES FAIL TO CATCH FED RATE CUT HOPES

European futures are slightly underwater, as the region fails to capture a mini rally that lifted U.S. stocks on Monday on hopes for a December rate cut from the Federal Reserve.

Futures on the Euro STOXX 50 STXEc1, DAX FDXc1 and FTSE FFIc1 are all down 0.1%. That comes after the S&P 500 added 1.5% last session - its biggest daily rise in over a month. The Nasdaq meanwhile clocked its biggest daily rise since May as investors piled into technology stocks.

Asian shares also rose earlier in the day. President Donald Trump touted relations with China as "extremely strong" on Monday following a call with Chinese leader Xi Jinping, who told Trump that Taiwan's "return to China" is a key part of Beijing's vision for the world order.

In earnings, British carrier easyJet EZJ.L reported better-than-expected full-year operating profit, while Spanish gambling company Cirsa's CIRSA.MC posted a profit for the third quarter compared to a loss a year ago.

ABN Amro ABNd.AS is planning plans to cut 5,200 full-time jobs by 2028 it said ahead of a capital markets day.

Elsewhere, the European Central Bank is examining claims that Deutsche Bank DBKGn.DE underplayed risks in its balance sheet and gave a misleading picture of its financial health, the Financial Times reported on Tuesday.

The focus is on its netting practices. Deutsche told the FT that it applies netting in accordance with relevant accounting standards, generally aligned with common industry practice.

(Lucy Raitano)

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