CORRECTS EARNINGS HIGHLIGHT: Stock.........>

EQUITIES: CORRECTS EARNINGS HIGHLIGHT: Stock markets across Europe in the red

across the board following the disappointing conclusion to the EU Council summit

yesterday, with EU leaders failing to agree on the loans vs. grants element of a

Coronavirus stimulus package. At the NY crossover, markets have firmed slightly,

with US futures re-entering positive territory.

- In the Stoxx 600, just over 400 names are lower, with energy, financials and

industrials the lagging sectors. Airlines and European banks look particularly

weak, with Lufthansa, Deutsche Bank, Banco de Sabadell and easyJet among the

biggest fallers so far Friday.

- In US futures, the E-mini had rallied well off the overnight lows of 2755.75,

with prices pressing against 2800 and the 50-dma at 2801.33 in recent trade. A

rise through here opens the Thursday high at 2836.75.

- The highlight of the earnings schedule today is American Express, FreePort

McMoran and Verizon.