LIVE MARKETS-Before the bell: European futures edge up

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BEFORE THE BELL: EUROPEAN FUTURES EDGE UP

European shares were set to open slightly higher on Monday, after two sessions of declines from record highs, as investors weighed fears of AI‑related disruption against a stronger‑than‑usual earnings season.

Market holidays across much of Asia for the Lunar New Year, and in the United States for Washington’s Birthday, were expected to keep trading conditions subdued in Europe. Futures on the EuroSTOXX 50 .STOXX50E, DAX .GDAXI and FTSE .FTSE indices were all up around 0.3%.

So far, just over 60% of European companies have exceeded earnings expectations, compared with a typical quarter in which about 54% beat analysts’ estimates, according to LSEG I/B/E/S.

No major European earnings updates were scheduled for Monday, while between Wednesday and Thursday, investors will be watching results from Euronext ENX.PA, Orange ORAN.PA, Airbus AIR.PA, Moncler MONC.MI and Repsol REP.MC.

(Danilo Masoni)

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